The 0.832-acre parcel is a transit-oriented infill site that is zoned for mixed use development, according to JLL, which brokered the transaction between Bijou Properties and the seller Kensington Senior Living.

Skanska USA Commercial Development's Dr. Joshua Harris talked micro-urbanism, tech trends, the idea of space as a service and more during the CREW Network Convention here Thursday afternoon.

Portland investors continue to focus on high-quality assets that will endure over time within the metro's long-term job and growth projection even though rental growth has slowed.