Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
Nike Expansion Plans Grow Construction Set To Start In 2015
Dated: November 21 2014
The company has filed plans for 1.3 million square feet of new space on its campus, significantly more than the roughly 500,000 square feet of office space it proposed adding in 2013.
The new space includes two new buildings, one with 649,000 square feet of office space and 238,000 square feet of auxiliary space and another building with 412,000 square feet of office space.
To put the building spree in perspective, Portland's signature skyscraper, Big Pink, has about 1.1 million square feet of office space.
"We have submitted Nike's land use submission application to Washington County as part of our master-planning process," the company said in a statement. "The application includes conceptual plans and drawings of proposed structures on campus. We appreciate the partnership with the city and county in support of our expansion and growth in Washington County.
"The company declined to say when construction will begin. The project has already cleared several bureaucratic hurdles.
Washington County Department of Land Use & Transportation spokesman Stephen Roberts said the county expects construction will begin in early 2015.
The Oregonian first reported Nike's plans for two new buildings.
Earlier this week, the Business Journal reported that Nike has also started buying out tenants in office space it acquired last year.
The sportswear giant has been growing at a record pace and needs more space for its booming Washington County workforce.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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