From the Portland Business Journal HERE.
Isn’t this one of those companies that Oregon’s always bragging about? Isn’t this one of those companies that could have been helped if only Portland had figured out how to lure or retain entrepreneurial types? Lucy isn’t saying why they’re moving, but, like Flir Systems, whose purchase this week of two buildings in So Cal raised a few eyebrows from Pete the Banker and the rest of the VT blogosphere, the timing is curious, don’t cha think?
Oh, and Democrats, check this out from the Portland Business Journal
Lucy’s departure will leave a significant hole in one of downtown’s most distressed buildings, KOIN Center. The company moved its headquarters into a 17,060-square-foot space in early 2008. A broker associated with the deal confirmed that the lease extended longer than two years.
KOIN already has several sizeable vacancies, including 55,000 square feet of former office space. The building recently sold about $55 million after the California Public Employee Retirement System defaulted on its $70 million note.
