Portland stayed attractive for investors throughout last year, as the metro provides well paid tech jobs and maintains a moderate cost of living. After a very active 2017 for investment, when several top-of-the-line office buildings found new owners, buyers turned their attention toward value-add opportunities suitable for renovations. Although the most popular submarkets remained the CBD and Pearl District, as opportunities become limited, areas such as Old Town-Chinatown have begun to attract capital. Two important sales closed in the submarket through November totaling more than $100 million. One of the properties involved, 38 Davis, ranked #4 in the top 10 office transactions list featured below.
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