J.K. Gill Building
Receivership
Project Highlights
Located in downtown Portland, Oregon, the J.K. Gill Building is a 10-story, historic office building, built in 1923. The Property had been thoughtfully restored in 2019, but encountered great difficulty during the 2020 pandemic.
Challenge
The project was seriously impacted by the 2020 pandemic shutting down all leasing activity and downtown businesses. The consequence was an irreversible loss in value.
solution
The Court Appointed JFP Partners (formerly J. Fanelli Properties, LLC) to take control of the property while it went through a foreclosure process.
Result
Lender foreclosed
Portland, OR
2023
Partners
First Interstate Bank
Fortis Construction
Urban Renaissance Group
Tabor Law
Our Approach
With over three decades of experience developing, owning, and operating real estate, including advising and managing distressed projects, our principals also serve as expert witnesses on real estate matters and provide other consulting and real estate brokerage services.
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