One of the largest commercial real estate transactions in Portland history was completed at the end of December 2009 when American Pacific International Capital purchased the office portion of KOIN Center. The KOIN Center is Portland’s ninth largest office building with 415,425 square feet and its largest mixed-use project in a single building. While terms… Continue Reading
Monthly Archives: April 2010
Brightwater Lawsuit
Posted in ConstructionOn Monday, April 19, King County filed a $74 million default termination suit against one of its Brightwater contractors and its surety. A copy of the complaint is available here. Download file
One Policy Limit or More? Division 1 Interprets Anti-Stacking Clause
Posted in ConstructionHere is Division 1′s most recent analysis on the arcane but important issue of how many policy limits are available in a situation where a carrier issues multiple year-to-year CGL policies and the insured becomes legally obligated to pay for damage that occurs over those multiple year but results from the same continuous or repeated cause… Continue Reading
Washington Supreme Court Raises the Bar for Establishing Boundary by Acquiescence
Posted in Land UseWhen a boundary line dispute arises between neighboring property owners, one claim that is commonly asserted—along with adverse possession, estoppel in pais, and a few other legal bases for boundary adjustment—is “mutual recognition and acquiescence” in a common boundary. A recent opinion from the Washington Supreme Court (Merriman v. Cokeley) has refined the standard that… Continue Reading
Construction Humor
Posted in ConstructionWe missed April 1 this year, and vow not to do so in future. To make up for that omission, in the "what were they thinking" department: http://blog.miragestudio7.com/wp-content/uploads2/2007/09/construction_errors_error_mistake_slope_steep.jpg We’d be curious to know how this ended up, if anyone knows.
AGC Posts Upcoming Projects Resource
Posted in ConstructionFollowing our post about the drop in construction spending, it is nice to note that the AGC has posted a nifty resource (called "Where’s the Work") to help track current and upcoming public works projects. The website can be accessed here: http://www.agcwa.com/NewsandInfo/WherestheWork/
Construction Spending Dismal
Posted in ConstructionIt will come as no shock to most that construction spending is at its lowest since 2002. http://www.djc.com/news/co/12016545.html?cgi=yes
Legislation to affect lending
Posted in Real EstateAs published in The Daily Journal of Commerce The 2010 special session of the Oregon Legislature resulted in two bills that will impact real estate lending in Oregon. Both came out of the Committee on Consumer Protection and Governmental Accountability and are intended to address consumer protection problems that have arisen during the mortgage crisis…. Continue Reading
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