PORTLAND, OR—Berkadia has completed the sale of Burnside 26, a mixed-use property located in Portland. Managing director Phil Oester and director Joe Nydahl of the Portland office closed the $41.5 million sale on August 4. The sale price reflects a per-unit price of $307,407.
The buyer was an institutional investor. The seller was a joint venture of Capstone Partners and Green Light Development, both of Portland, and Premium Property USA, a subsidiary of Zurich-based MIAG Mutschler Immobilien AG.
“This was a diverse ownership group that really understood what renters were looking for. It's an excellent design,” stated Nydahl.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
