Top 10 Commercial Real Estate Deals of 2011

The Register Guard (Eugene, OR), January 29, 2012 | Go to article overview
Save to active project

Top 10 Commercial Real Estate Deals of 2011


Byline: The Register-Guard

1. $18.6 million: Wilsonville-based senior housing company Avamere sold the Riverpark nursing home on Goodpasture Island Road to Nationwide Health Properties, which merged in February with Ventas, a Chicago-based real estate investment trust.

2. $8.3 million: Avamere also sold Eugene Rehab & Specialty Care, 2360 Chambers St., to Nationwide, which became Ventas.

3. $7.8 million: Oregon assisted living developer Farmington Centers Inc., sold Farmington Square Residential & Memory Care in Eugene to Maryland-based Lord Baltimore Group. Lord Baltimore Group has a $2 billion portfolio with assets in venture capital, timberland and real estate.

4. $7.5 million: A limited liability company including developer Dean Pickett sold "The Commons on Alder" project in south Eugene. The four story, 20-unit student apartment originally was planned as a seven story building, which riled neighbors and led to a smaller project.

The buyer is a Sisters-based limited liability company managed by Dutch investor Willem Willemstein, founder of European petroleum wholesaler Petroplus. Willemstein holds Bend investments, including a stake in the Tetherow Golf Club.

5. $7 million: Eugene-based Good Neighbor Care Centers, an assisted living business, sold its Good Neighbor Care Eugene, 2630 Lone Oak Way, to Living Care Senior Housing Development of Seattle.

6. $6.55 million: A Lake Oswego trust sold the River's Edge Townhomes on the south bank of the Willamette River at Maurie Jacobs Park to a limited liability company Oy Vavoy, whose owners are Robert Meyers, a Eugene property manager; Neil Schifberg, a Eugene investor; and Peter Zackery, as manager of a trust.

7. $5.97 million: Eugene developer Arlie & Co., which successfully emerged from a Chapter 11 reorganization, sold the Westlane Shopping Center in Veneta to developer John Hammer.

8. $5.97 million: Avamere sold its Junction City Rehabilitation facility to Nationwide, which became Ventas.

9. $4.55 million: Berkeley, Calif., company Meyer Crest Ltd. sold the Best Western Grand Manor Inn, one block east of Gateway, to investors Jasvir and Paramjit Dhaliwal of Olympia.

10.$4.1 million: Lone Rock Timber sold 1,668 acres - near Camp Creek Road northeast of Springfield - to a timber investment management organization set up by Lone Rock Timber Investments of Portland. TIMOs allow institutional investors, such as retirement funds, to buy into timberlands. Investors in the Lone Rock TIMO can be individuals, small endowments, trusts and family offices, but the minimum to start is $100,000, according to Lone Rock.

11. $3.67 million: Rosboro wood products company in Springfield sold 1,430 acres of timberland west of Junction City to a Giustina family partnership, including L.M. and A.J. Giustina.

12. $3.5 million: Springfield V, a limited liability company managed by Mark McDonald, sold the land and buildings housing Mattress Mania and the Castle Megastore on Gateway to a limited liability company called GATEWAY 4 INVESTORS, whose members are real estate broker Tim Campbell, cabinet makers Brent and Lori Lanz as trustees; and commercial developers William and Barbara Sokol as trustees.

13. $3.2 million: Eugene's McIntyre Construction sold its building at 1500 Westec Drive near the old Hynix plant to a limited liability company called Burley Buildings, which is managed by Michael Coughlin, owner of Burley, the bike trailer manufacturer. Coughlin also owns the Citizens Building downtown.

14. $2.8 million: The Portland-based Coburg Properties I Inc.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Top 10 Commercial Real Estate Deals of 2011
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?