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Wolff Co. Affiliate Procures Two Portland Assets for $109M
North Hollow and Sky3, two multifamily communities in Portland, recently sold to an affiliate of The Wolff Company, a Scottsdale-based multifamily investment firm. The combined price was $109 million.
Located at 1551 SW Taylor St. in the Goose Hollow District, North Hollow was originally constructed in 2018. The community features 121 units with a mix of studio, one- and two-bedroom apartments.
Sky3 is located at 1221 SW 11th Ave. and was originally constructed in 2017 in Portland’s Arts District. The 15-story building is comprised of 196 units with a mix of studio, one- and two-bedroom apartments.
CBRE’s Joe Nydahl, Josh McDonald and Phil Oester represented the seller of both properties, Las Vegas-based real estate development firm The Molasky Group. The CBRE team also represented the buyer in the transaction.
“North Hollow and Sky3 are exceptional assets in the heart of downtown Portland, with proximity to major employment centers,” said Nydahl.
- ◦Sale/Acquisition
