Welby [Lovejoy Square] | 234' | 22 floors | Proposed

[maccoinnich]

Pearl District property home to On Deck sells for nearly $20 million



A full city block in the Pearl District sold for nearly $20 million on Friday to a developer based across the Columbia River.

Killian Pacific purchased the Lovejoy Square property – bounded by Northwest Lovejoy Street, Northwest Kearney Street, Northwest 13th Avenue and Northwest 14th Avenue – for more than $19.7 million, said Don Drake, a commercial real estate broker with the firm Melvin Mark.

Drake represented the sellers – limited liability companies affiliated with Thomas Lasky and Jeffrey Howard, both from Michigan, and local developer Mark Madden. The last time the property sold was in 2004, for just under $2.2 million to another limited liability company registered to Madden, records show. His WDC Properties improved the site the next year.

....continues at the Oregonian.