Los Angeles-based Cityview has purchased Burnside 26, a four-story mixed-use apartment community in Portland, OR. The property consists of 135-unit multifamily units and a 1,300-square-foot ground floor retail space. The price of the transaction was not disclosed.
Located at 2625 E. Burnside St., Burnside 26 sits in a walkable neighborhood about 1.5 miles east of the downtown area. It’s also situated adjacent to the region’s largest employers including Nike and Intel, amidst high tech industries in one of fastest growing employment centers in the U.S.
Cityview has plenty of upgrades planned for Burnside 26, including a new fitness center, bike storage area, EV charging stations and sensors in the parking garage. In addition, the company plans on installing rooftop solar panels to power common areas.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.