(To read more on the multifamily market, click here.)
PORTLAND, OR-The developers of a 22-story office, residentialand retail tower here secured $96.5 million in fixed-rate financingfor the project this week. The combination construction-permanentloan from Pacific Life Insurance Co. was arranged by the Portlandoffice of CBRE/Melody Capital Markets.
The half-block development site is located at SW 12th Avenue andWashington Street. The project team includes Gerding Edlen(developer); the Goodman family (landowner), Zimmer Gunsul Frasca(architect; investor; anchor tenant); and Hoffman Construction Co.(general contractor).
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