Monday, January 5, 2009

39 Unit New Mixed-Use Apartment Construction in NE Portland Sells For $2.6 million

The 39-unit Elaine Station Apartments located in NE Portland have sold for $2.6 million or $66,667 per unit. This 2008 construction is a mixed use retail / residential development located near MAX light rail. The buyer was RDC Acquisitions LLC of Irvine, California and the seller was Bay Bank of Vancouver, Washington. HFO Investment Real Estate represented the parties.