Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Alamo Manhattan’s Block 40 PDX Development Secures JV Equity from MetLife
JLL arranged JV equity for the development of Block 40, a 232-unit, luxury multi-housing project in Portland’s South Waterfront neighborhood. Working on behalf of the developer, Dallas-based Alamo Manhattan, the equity partnership was formed with MetLife Investment Management.
Block 40 is being constructed on a 1.06-acre site at 3838 SW Macadam Ave. south of Portland’s CBD. The transit-oriented development is also next to Oregon Health & Science University, which is currently undergoing a 1.1-million-square-foot expansion, and steps from the Portland Streetcar, MAX Light Rail and the OHSU Aerial Tram.
Due for completion in late 2021, the property will consist of a seven- and eight-story podium-style building with studio, one and two-bedroom units, roughly 6,500 square feet of ground-floor retail and 174 parking spaces.
JLL’s team representing Alamo Manhattan included Ira Virden, Mark Erland, Matt Benson and Charlie Watson.
Connect Seattle is set for November 7th at Coterie Worklounge. Plan to join us for the afternoon of CRE conversations and networking. You can find out more information and register on this link.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




