“Portland-based property management firm Templeton… announced that veteran real estate industry executive Christopher Koegel has been named President of Property Management. Templeton is the property management arm of NBP Capital, a privately-held commercial real estate fund with a focus on value-add, opportunistic investing primarily on the West Coast. “
“Downtown Portland’s historic Cornelius Hotel, headed for demolition in 2013, will instead reopen Saturday as a 150-room boutique hotel in combination with its next-door neighbor, the Woodlark Building. Together, they’ll be known as Woodlark House of Welcome.”
“About two months after the county board of commissioners voted to approve the sale, the deal officially closed on Nov. 14. Local real estate investment firm and developer NBP Capital paid $28 million for the building. … NBP is planning on renovating the more than 100-year-old building and converting it into creative office space. The entire building is about 323,500 square feet, though the rentable square footage won’t be determined until after the renovation.”
“Portland, Oregon-based NBPCapital applied for permits for the project on a 66,500-square-foot lot at 200 Mesnagers Street. The permits call for a seven-story building. The firm has said the project would be 266,300 square feet. It acquired the property in August for $15.2 million.”
“Portland-based NBP Capital plans to buy and renovate the downtown Multnomah County Central Courthouse when the county moves to the new courthouse” …”Feigelson said, “we think buildings like this, that you can’t really replicate anymore, represent a huge opportunity in Portland.'”
“The term ‘RV Park’ likely brings to mind rows of trailers lined up on concrete pads, not streamlined modern structures and sweeping coastal views.” – Gray Magazine: Pacific Northwest Design
“From a big-picture perspective, Portland’s office market has been nothing if not desirable in recent years, fueled by a solid employment scene, increasing population and the Rose City’s continued value compared with other West Coast cities. –‘The top floor is like a condo penthouse: it has full city views,’ said NBP Capital’s Feigelson. That space[Stevens Building] is drawing lots of interest from a variety of prospective tenants.”
This summer, Top Chef alum Doug Adams will open Bullard—a 70-seat restaurant inspired by Texas, Montana, and Oregon—within forthcoming boutique property the Woodlark.
Workers are fusing two downtown Portland structures — the Woodlark Building and the Cornelius Hotel — into a 150-room hotel.