PNCA President Tom Manley was on a panel Friday morning for the Better Bricks Awards for commercial real estate. The Portland Business Journal quotes Manley on the challenges of public/private partnerships in real estate finance. “These kinds of deals take time,” he said. “They evolve, and in the words of Nelson Mandela, they look impossible until they are done.”
PNCA was awarded the Innovation in Project Finance of the Year award for its transformation of the former Federal Building at 511 NW Broadway into the Arlene and Harold Schnitzer Center for Art and Design, scheduled to open February 2015 as the anchor of PNCA’s new North Park Blocks Campus. The project was facilitated by a PDC loan package of $20.3 million, approved in 2013. Construction on the project began in February of this year.