Jive, a maker of collaborative software, received $15 million of venture capital in mid-2007 from Sequoia Capital. Jive's current headquarters are housed in approximately 20,000 sf in the Loyalty and Hamilton buildings, two historic structures with 4,000-sf floor plates at Southwest Third Avenue and Alder Street in Downtown Portland. Jive, which has a few years left on its lease term, will be looking to sublease the space when it relocates in July. The buildings are owned by John Beardsley.

Built in 1950 for the Federal Reserve, the Pietro Belluschi-designed trapezoidal building sits on the city's streetcar line one block north of Powell's Books and the Brewery Blocks development on the edge of the city's Pearl District. It has four floors above grade, each about 14,100 sf, and two windowless floors below grade that have been used for parking and storage, one 20,600 sf and the other 11,000 sf. The first floor has 20-foot ceilings.

Harsch acquired the marble-clad building from the Federal Reserve Bank of San Francisco in mid-2006 for $12.5 million. At the time, there was interest in the building from both office users and hotel operators. An official with Harsch was not immediately available Thursday afternoon for comment.