CONTRACTAPPROVED

Portland School District 1J Awards $16,000,000 Facilities Contract to Karuna Properties Ii LLC (September 2025)

Disclosed value: $16,000,000; From minutes
Approved: Sep 9, 2025

What it covers

Portland Public Schools approved a Purchase and Sale Agreement with Karuna Properties II LLC for part of the One North property to house the Center for Black Student Excellence, at a price of $16 million funded by 2020 bond proceeds. The agreement sets a due diligence period through December 10, 2025, and requires closing no later than December 29, 2025.

Who holds it

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

What happens next

Term as filed: Closing to occur no later than December 29, 2025; due diligence period through December 10, 2025; 30-day closing period after due diligence.

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Contract details

Contract type: Facilities
Amount: $16,000,000
Document date: September 9, 2025
Term: Closing to occur no later than December 29, 2025; due diligence period through December 10, 2025; 30-day closing period after due diligence
Vendor: Karuna Properties Ii LLC
Agency: Portland School District 1J
Source document: portland_public_schools_board_of_education_meeting.pdf (Minutes)

Karuna Properties Ii LLC's other public contracts

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Questions about this contract

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

Karuna Properties Ii LLC was awarded this facilities contract by Portland School District 1J, as recorded on September 9, 2025. The contract value is $16,000,000.

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, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in portland_public_schools_board_of_education_meeting.pdf (Minutes), dated September 9, 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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