CBRE, C&W Win Leasing Work for Rreef

According to sources close to the deal, Tony Reser and Ben Peterson of Cushman & Wakefield will handle properties on the east side of the city while CBRE's Ted Nicholson, Marty Horeis and Catherine Putnam will handle properties to the south in Wilsonville and Tigard. Glen Scott, vice president and asset manager for Rreef in Seattle, told GlobeSt earlier this year that although the company is in the process of beefing up his Portland staff to handle management and renewal leasing for the new portfolio, it will need help filling the existing vacancies.

"Typically, the way we handle things is our own management people do property management and renewal leasing, but when we acquire a critical mass like the Spieker portfolio, there will probably be enough leasing of vacancies to employ one or two top-notch brokerage firms," said Scott, adding, "There's nobody who can effectively handle the entire metro area."

The work with Rreef is the second high-profile leasing assignment for Cushman & Wakefield as of late. Last week, GlobeSt reported that office brokers Mike Holzgang, Scott Madsen and Tom Usher won the preleasing assignment for Schnitzer Northwest's planned office tower on the so-called Beim and James Block at the base of the Morrison Bridge.

Schnitzer purchased the property with the Goodman family two years ago for $5 million. The size of the project is in the process of being determined, but the city's zoning code would allow about 20 stories, not including any height bonuses that may be available in exchange for certain public amenities.

Rreef declined to comment on its selections for its assignment. Schnitzer's Bellevue-based managing investment partner Dan Ivanoff tells GlobeSt that Holzgang and Madsen's "straight over tackle" experience leasing up the new Fox Tower office building and Usher's involvement made it the winning team.