Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-Pacific Realty Ventures has closed on $4.375 million in refinancing for its 33,847-sf Durham Office Center.

The 10-year loan was done at a 75% loan-to-value ratio and a 30-year amortization schedule. Pricing was based on the 10-year treasury. The lender was a conduit, sourced by Cohen Financial.

Located 10 miles south of Downtown Portland at 16520 SW Upper Boones Ferry Rd., Durham Office Center is 100% occupied, according to Grub & Ellis. One of the anchor tenants is Centex Homes, which in March inked a seven-year deal for 10,571 sf in the two-story building.

Pacific Realty Ventures also owns Bridgeport Crossing, a 20,000 square-foot building in Tualatin, and in August broke ground on a speculative, high-end office-flex project at 138th and NE Airport Way for its parent company, Portland-based Pacific Santa Fe Corp., and other investors.

The first phase is a 40,000-sf, brick-fronted building for which shell completion is expected early next spring. Two other 23,000-sf buildings are planned. The buildings are for sale, lease or build-to-suit. Tony Reser of Cushman & Wakefield has the assignment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.