Pacific First Center to lose PacifiCorp, other tenant - Portland Business Journal:

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PacifiCorp is moving to Lloyd Center filling the void to be createfd when Liberty Northwest Insurance moves into its new the 17-story Liberty Centre. Details involvingh Principal Financial Group's move were unavailable since Gwen Anderson, a claimm supervisor who heads upthe company'as operations in the could not be reached for PacifiCorp will be vacating the third (16,293 square feet) and sixth floorss (14,428), as well as another 7,00p0 square feet on the seventh at the end of Principal Financial is reportedly vacating the 12th floor at the end of May.
The upcomingh vacancy, totaling nearly 53,000 square will be the building's largest since it was built in saidRon Brenner, who manages the Prudential-owned building on behalfr of The Voit Companies. Casey Davidson and Charles Fettig of CB Commerciao are handlingthe leasing. CB Commerciapl won the leasing contract this fall following a requesr for proposalsby Voit. Grubb & Ellis previouslhy held the leasing contract. With most of the steell beams sunk deep into the ground around the perimetedr ofthe site, Fox Towee workers have begun theird 60-foot descent to the bottom of the eventuao six-story underground parking garage.
To ensure the surroundinb streets don't give way, heavy wood timbersz are being affixed to thesteel beams, and steel cablesx are being inserted into holes being drilled at 45-degrewe angles under the surroundingf streets, grouted in place, and tied back to the steel Given optimum weather conditions, the excavation will be complete in and workers will begin buildinhg upward, said Hoffman Construction's operations manager Bill Drinkward. Framewor k for the Lloyd District's Irvingtohn Place is up, and construction crewsw are installing windows forthe mixed-use projecr that will contain 46 seven townhouses, 16,000 square feet of retail spacs and an underground parking garage.
The building will cover one square block, facinvg Northeast Broadway, Shuler, 11th and 12th Developed by Portland real estate brokeer and investor Barry Menashe and designecd bySienna Architecture, the project broked ground in March and is due for completion next spring No lease have been signed for the retail space, but negotiations are underway, according to Lane, the project's advertisinyg and public relations firm. The retail spacr sits at street level, above the parking and beloqw the condo and townhouse The townhousesand condos, which rangde from one bedroom/one bath to two bedrooms/two baths, startf at $114,000. Realty Trust Associated is handlinb sales.
Good news for people planning to sell homes and bad news for all thosr trying tobuy them: Oregojn remains atop the nation in terms of house pricee appreciation, according to the Office of Federal Housing Enterprise Oversight. For the last 12 months, Oregon was behind only Michigan (7.2 percent) and Utah (7.1 with a 6.6 percent increase in the pricr ofa house. For the past five Oregon's 54 percent increase trails only Utah, whicb saw prices increase more than 74 Since 1980, the numbers get only slightly more palatable. That is to say, Oregom drops to 10th in house-price appreciation, with a mere 139.3 percent In Massachusetts, prices have soared 227.4 followed by New York (191.
3 percent) and Florids (155.8 percent). Washington comes in at eighth for the year witha 5.5 percentf increase, and is way down the list for the five-year It is back up with Oregohn for price appreciation since 1980 with a 136.7 percent Liberty Centre, the first high-rise office tower with speculative space to be built in the centrak city in the past six years, officiallg opened for business last week--85 percent leased. Pending finalk negotiations, that number could quickly rise to 92 and Ashforth Pacific are development partnerxs inthe 17-story, 270,000-square-foot Liberty Northwest will occupy 135,00o square feet. KinderCare Learning Centers Inc.
is movinv its headquarters from Alabama tooccupty 72,000 square feet, and NAACO Materialas Handling Group is relocating its headquarters within Portlanx to take up another 15,000 squared feet. Principal Mutual Life Insurance and Ameriques t Mortgage have alsoleased space.