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Burnside 26 Changes Hands

PORTLAND, OR—Berkadia brokered the $41.5million sale of the cutting edge mixed use that was completed in 2014.

By David Phillips | Updated on August 19, 2015

 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.

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