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Seattle firm buys landmark Oregonian Building

A Seattle real estate firm is buying the landmark Oregonian headquarters.

The Oregonian announced the pending sale on its website Friday, the day after posting a story that said the newspaper's remaining staff will move out on Monday.

According to the Friday story, the Urban Renaissance group is buying the former six decade headquarters at 1320 S.W. Broadway.

The story said the 286,000-square-foot Oregonian Building was designed by noted architect Pietro Belluschi, who was born in Italy and spent much of his professional career in Portland.

According to the article, other Portland properties owned by the Seattle firm include the downtown Morgan, Yeon and Spalding buildings.

The sales price and future plans for the building were not disclosed.

The staff of the Oregonian Media Group will move into new offices in the Crown Plaza building, 1500 S.W. First Ave., on Monday. A separate corporation created as part of the Oregonian's restructuring, dvance Central Services Oregon, has already moved to the 1515 Market Square building at 1515 S.W. Fifth Ave.