TEI and Felton Props. sell Spalding Building in Portland, Oreg. - $12.5m
N.Y.-based Time Equities, Inc. (TEI) and the Felton Properties, Inc. sold the Spalding Building, a 92,511 s/f office building located in the downtown area for $12.5 million. The Spalding Building, formerly the Oregon Bank Building, is located at 319 S.W. Washington St. The 12-story property was designed by architect Cass Gilbert. Matthew Felton represented the seller, which was purchased by an active real estate owner in the Pacific northwest.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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