The new owner is America Pacific International Capital Inc., amulti-national private corporation that has been headquartered inPortland since 1998. Company chairman Wilson Chen tells GlobeSt.comthe short-sale price was between $50 million and $60 million.

The CalPERS JV that gave the building back included CommonwealthPartners. The foreclosure proceedings by New York Life led to theappointment of a locally-based receiver who subsequently retainedthe brokerage firm Eastdil Secured to sell building.

Located at 222 SW Columbia, KOIN Center has 23,000 square feetof street-level retail, 324,000 square feet of office space onfloors four through 19, and 44 residential condominiums on the top11 floors that were not included in the either sale. Below gradeare 68,000 square feet of studio and broadcast facilities forKOIN-TV, the local CBS affiliate, and parking for 300 vehicles.Major tenants include KOIN-TV, Aetna Life Insurance, First AmericanTitle Insurance, AIG Domestic Claims, Inc., Lucy Activewear, Inc.,Bank of the West, Willis of Oregon, Kirkpatrick & LockhartPreston Gates Ellis LLP, Pacific Continental Bank, Morton's ofChicago and Charles Schwab.