WEST LINN, OR-An investor based in California has purchased Willamette Marketplace at 2020 Eighth Ave. for $10 million after the West Linn complex fell into foreclosure. Los Angeles-based Karlin Real Estate has completed the transaction this week with IMCC West Linn LLC, a local unit of Chicago-based Inland Mortgage Capital Corp.
Inland Mortgage Capital foreclosed on the $15-million note on the retail-and-office complex earlier this year. The 61,000-square-foot property was developed in 2008 by Larkspur, California-based Venture Corp. For the full story, go to Portland Business Journal .
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