American Bank Building

The American Bank Building in downtown Portland, Oregon, is a 183,000 square foot historic office building built in 1914. Morgan spearheaded the acquisition of the building for LaeRoc Partners for $35.2 million. The asset was acquired at the beginning of the Great Recession. Occupancy decreased from 95% to 75%. Through strong asset management and capital improvements, occupancy increased to 93%. The property sold for $45.1 million.