Prudential Real Estate Investors purchased the Block 300 office building at 308 SW 2nd Ave. in Portland, OR from Rubicon US REIT for $155.25 million, or about $429 per square foot. The 361,805-square-foot, 10-story, 4-Star office building was constructed in 1991 on nine-tenths of an acre in the city’s CBD submarket. The asset was renovated in 2014, and is currently leased to Puppet Labs, CrowdCompass, and Aruba Networks. For additional information…

Northwest Regional Educational Services is relocating and expanding to 23,415 square feet at Building E of Nimbus Oaks in Portland, Oregon. The relocation and expansion proved quite challenging for the former tenant of Woodside Corporate Park, an office campus purchased by Nike in 2013. The property’s sale meant inevitable displacement for Northwest Regional ESD upon their lease’s expiration. Northwest Regional ESD was looking to find a facility…

Say Media, Inc., a media enterprise that provides a number of services such as advertising and publishing digital magazines, signed a new lease for 10,000 square feet at 424-428 SW 4th Ave. in Portland, OR. The three-story retail and office building totals 20,0000 square feet in the city’s CBD submarket. Say Media’s lease includes the entire second and third floors there, while the first floor remains vacant. Mike Malone of Debbie Thomas Real…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: San Francisco, Philadelphia, Chicago, New York City, Kansas City, Orange County, Minneapolis, Charlotte, Salt Lake City, South Bay, Dallas and Atlanta. SAN FRANCISCO JLL Brings In Zoba to Expand Retail Leasing Board By Randyl Drummer

Pacific Biosciences of California Inc., which has been operating month-to-month on 186,000 square feet of leases over seven different buildings, has agreed to terms for consolidation of its space into a new 180,000-square-foot home. The company entered into a new lease agreement with an affiliate of Principal Global Investors for 180,000 rentable square feet at 1315 O’Brien Drive in Menlo Park, California. The term is for 132 months, commencing…