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Seattle & Northwest  + Oregon  + Finance  | 

Canyon Partners Makes $63.5M Investment in PDX Condo Dev

Los Angeles-based Canyon Partners Real Estate LLC provided a $63.5 million senior loan to an affiliate of PHK Development, Inc. to finance the ground-up construction of a seven-story, 162-unit condominium project in Portland, OR. This is Canyon’s first condominium investment in the Portland metro area.

This site is centrally located at Northeast 21st Ave., off NE Multnomah, at the convergence of the Lloyd District and Sullivan’s Gulch with views of downtown Portland and the Cascade mountain range. Though construction timing was undisclosed, earlier plans by PDX architecture firm Hacker depicted a modern structure (pictured).

The architecturally-distinctive project will comprise a mix of one-bedroom, two-bedroom, and penthouse units featuring up to 11-foot ceilings, high-end finishes, and an assortment of amenities, including 24-hour concierge service, fitness center, guest suite, bicycle lounge, pet wash, club lounge and outdoor amenity deck.

HFF’s Tom Wilson and Bryan Clark arranged the financing.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Canyon PartnersConnect With PHK’s Patrick KessiConnect With HFF's Wilson

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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