A 205,100-square-foot industrial and manufacturing facility in Wilsonville has sold for $31 million.

The facility, located at 26440 S.W. Parkway Ave., was sold to dental equipment manufacturer DCI International of Newberg. Clackamas County property records list ESS Tech Inc. as the seller.

Newmark Real Estate, headquartered in New York, arranged the sale of the facility. Managing director Mark Hush and associate director Jack Ward represented the buyer.

With the acquisition, DCI plans to consolidate regional operations spread across multiple facilities into a single, larger manufacturing hub that will double as its new headquarters, a Newmark press release states.

“DCI’s purchase and future relocation is a great example of companies making long-term commitments to the Portland region when the right opportunity becomes available,” Hush stated in the press release. “Large industrial buildings available for purchase are exceptionally scarce, and the landscape becomes even smaller when a user needs to remain near its existing workforce. This property checked all the critical boxes — location, scale, operational efficiency and room for future expansion — making it an ideal solution for DCI’s next phase of growth.”

Located within the Parkway Woods Business Park along Interstate 5, the 24.8-acre property features warehouse and manufacturing space, office and laboratory components, several dock-high loading positions, ample parking and trailer storage.

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An apartment complex recently built in the Salem-Keizer area has sold for $39.3 million to a regional investor.

Spring Woods, completed in 2025, was purchased by Fourth Avenue Capital, a real estate investment firm based in Spokane, Washington, that owns approximately 30 properties in the Pacific Northwest.

The seller was Killen Development, a developer based in Camas, Washington, that has been active in Salem. The transaction values the 174-unit asset at $225,862 per unit.

“This is exactly what happens when you bring a high-quality asset to market and run a disciplined process,” SMI Real Estate broker Matt Miller stated in a news release. “We had strong conviction in the opportunity from day one, and the market responded immediately.”

Miller and Gabe Johansen, president of SMI Real Estate, represented Killen Development in the sale. Broker Jude Soldati helped identify the buyer.

Spring Woods is located at 4040 Hayesville Drive N.E., just outside of Salem city limits and close to Interstate 5 and Oregon Route 99E.

The transaction is the largest acquisition to date for Fourth Avenue Capital.

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Perseverance L.L.C. recently completed the $6 million purchase of the Heritage Mall out parcel, located at 1811 14th Avenue SE in Albany.

The 20,074-square-foot retail building is part of the Heritage Mall in the heart of downtown Albany. Constructed in 1989, the single-story facility offers tenants frontage on SE Geary Street and includes 118 parking spaces. The Heritage Mall is the epicenter of Albany’s and the region’s retail hub.

Located near both I-5 and Hwy 20, it is surrounded by many restaurants, shops, movie theaters, the city library and state offices.

Portland-based Norris & Stevens Inc. represented the buyer in the transaction. CPX LLC represented the seller.

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Seattle-based Security Properties has purchased the 168-unit Sienna Pointe Apartments in Bend for $49.5 million.

Portland-based commercial real estate brokerage firm HFO Investment Real Estate represented the seller, Bend Housing LLC, in the transaction.

The class B, low-density asset was built in 1991 and recently updated, according to HFO. Sienna Pointe is located at 1855 N.E. Lotus Drive, between Pilot Butte Neighborhood Park and St. Charles Medical Center.

HFO partner Rob Marton represented Bend Housing LLC, in the sale.

HFO previously brokered the sale of the property in 2016 for $23.75 million ($141,369 per unit). That was the highest per-unit sale price of a property in Bend at that time.

Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance in Portland secured $31.4 million in financing — a seven-year, fixed-rate, full-term, interest-only loan through CBRE Multifamily Capital — for Security Properties.

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