{"id":46298,"date":"2026-01-05T07:33:38","date_gmt":"2026-01-05T04:33:38","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=46298"},"modified":"2025-12-29T15:02:34","modified_gmt":"2025-12-29T12:02:34","slug":"realm-jv-buys-portland-office-pearl-district","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/realm-jv-buys-portland-office-pearl-district\/","title":{"rendered":"REALM JV Buys Portland, Ore., Office Property in Pearl District"},"content":{"rendered":"

Invite-only investment collective REALM, in partnership with California-based real estate investment and management company HP Investors, recently acquired a \u201cjewel-box\u201d office property in Portland, Ore.\u2019s Pearl District.<\/p>\n

Located at 1355 NW Everett St., the property known as the 300 Building was originally constructed in the 1940s for industrial use and later converted to office in 2012. It currently incorporates 31,400 square feet of class A Portland office space<\/a>, in addition to a retail component on the ground floor.<\/p>\n

Well-situated in one of Portland\u2019s most established mixed-use urban submarkets, the 300 Building was 100% leased at the time of sale. Tenants include a mix of local coworking, media, and restaurant\/event businesses.<\/p>\n

Once an industrial rail yard, the Pearl District submarket now boasts high-density residential development and strong retail fundamentals near the city\u2019s central business district. Area amenities include excellent walkability; transit connectivity via three streetcar lines; immediate access to Interstate 405; and proximity to Whole Foods, apartments, condos, restaurants, breweries, and neighborhood-serving retail.<\/p>\n

\u201cREALM\u2019s latest acquisition of 300 NW 14th Ave. in Portland is the epitome of what we look for in an investment \u2014 the ability to purchase a high-quality, well-amenitized building in an excellent location at a compelling basis,\u201d said Travis King, founder and CEO of REALM. \u201cREALM is excited to grow its presence in the Portland market, which offers an attractive quality of life and vibrant culture, which should continue to drive momentum and business expansion going forward.\u201d<\/p>\n

Part of REALM\u2019s broader initiative to deploy equity capital into high-conviction, regionally anchored investments that combine steady cash flow with value-add potential, the firm\u2019s plans for 300 Building include restructuring existing agreements, implementing targeted building upgrades, and marking rents to market (where feasible).<\/p>\n

In November, Portland was one of the few large office markets in the Western U.S. where office asking rates were below the national average of $32.77 per square foot. Data analyzed for our monthly national office report<\/a> showed that full-service or \u201cfull-service equivalent\u201d rates in Portland averaged a little more than $28 in November after a slight correction of 0.6% from last year.<\/p>\n

Meanwhile, office sales closed here since the start of 2025 through November added up to about $263 million. Portland office space changed hands for an average sale price of $92 per square foot \u2014 the most affordable among top markets in the Western U.S. region.<\/p>\n

\"office<\/a>

Adaptive-reuse office space in Portland’s Pearl District at the 300 Building on NW Everett Street.<\/em><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The 300 Building offers some of the best placed office space in Portland’s Pearl District, a former industrial rail yard that was redeveloped into high-density residential property and a vibrant retail and entertainment scene. <\/p>\n","protected":false},"author":48,"featured_media":46333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-46298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nREALM Buys Portland Office Property | CommercialCafe<\/title>\n<meta name=\"description\" content=\"The Pearl District building totals more than 30,000 square feet of class A 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