Commonwealth Building

  • 65-Year-Old Downtown Portland Office Asset Trades Hands as Local Vacancies Dwindle

    One of Portland’s landmark office properties traded hands this week when a Unico Properties LLC-controlled investment fund paid a hefty $41 million for a downtown asset. The joint venture between Unico and Cigna Realty Investors purchased the Commonwealth Building from seller Commonwealth Acquisition LLC. Unico Properties previously acted as the property’s manager, a position that it will maintain after the transaction.

    Seattle 02 December 2013 16:44

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