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Portland School District 1J Awards $16,000,000 Real Estate Contract to Karuna Properties Ii LLC (December 2025)

Portland School District 1J logoPortland School District 1J
Disclosed value
$16,000,000.00
From resolution
Approved
Dec 29, 2025
Term
December 29, 2025

The 30-second brief

What it covers

Portland Public Schools approves the purchase of One North Property for $16 million. Transaction expected to close by December 29, 2025.

Who holds it

Karuna Properties Ii LLC holds this real estate contract with Portland School District 1J.

What happens next

Term as filed: December 29, 2025.

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Contract details

Contract type
Real Estate
Amount
$16,000,000.00
Document date
December 29, 2025
Term
December 29, 2025
Vendor
Karuna Properties Ii LLC
Agency
Portland School District 1J
Source document
resolution_no_7165_authorizing_execution_of_purcha.pdf (Resolution)

Karuna Properties Ii LLC's other public contracts

Portland School District 1J, OregonPPS Approves $16M One North Property Purchase · Sep 30, 2025$16MPortland School District 1J, OregonPPS Approves $16M One North Property Purchase · Sep 9, 2025$16MAll Karuna Properties Ii LLC contractsVendor profile

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Questions about this contract

Who was awarded the real estate contract by Portland School District 1J?

Karuna Properties Ii LLC was awarded this real estate contract by Portland School District 1J, as recorded on December 29, 2025. The contract value is $16,000,000.00.

How much is the Karuna Properties Ii LLC contract with Portland School District 1J worth?

The Karuna Properties Ii LLC contract with Portland School District 1J is valued at $16,000,000.00, covering real estate work.

What type of contract is this?

This is a Real Estate contract, documented as a resolution record.

Where was this contract approved?

This contract appears in resolution_no_7165_authorizing_execution_of_purcha.pdf (Resolution), dated December 29, 2025 from Portland School District 1J. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Karuna Properties Ii LLC hold?

Karuna Properties Ii LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Portland School District 1J currently buying?

Explore Portland School District 1J's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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