Portland real estate firm’s latest acquisition targets accessibility-focused apartment complex in dynamic North Williams corridor

ScanlanKemperBard (SKB), the Portland-based commercial real estate investment and development firm, has acquired The Canyons, a distinctive 70-unit multifamily property in North Portland, for $23.5 million in a transaction that closed on July 2, 2025. The deal represents a premium to recent market activity, with the company paying approximately $214 per square foot, or $335,714 per unit, for the 110,000-square-foot mixed-use development.

The acquisition marks SKB’s continued expansion into the multifamily sector and underscores investor confidence in Portland’s recovering rental market. Located at 3450 N Williams Avenue in the vibrant Eliot neighborhood, The C

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