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

Portland School District 1J logoPortland School District 1J
Disclosed value
$16,000,000
From agenda
Approved
Sep 30, 2025

The 30-second brief

What it covers

The Board authorized a Purchase and Sale Agreement with Karuna Properties II LLC to acquire the One North property for $16,000,000 as the future Center for Black Student Excellence. The bond-funded transaction includes due diligence through December 10, 2025 and must close by 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: Due diligence through 12/10/25; closing no later than 12/29/25.

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Contract details

Contract type
Facilities
Amount
$16,000,000
Document date
September 30, 2025
Term
Due diligence through 12/10/25; closing no later than 12/29/25
Vendor
Karuna Properties Ii LLC
Agency
Portland School District 1J
Source document
board_work_session_agenda_september_30_2025.pdf (Agenda)

Karuna Properties Ii LLC's other public contracts

Portland School District 1J, OregonPortland Public Schools Approves $16M Property Purchase · Dec 29, 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 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 30, 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 agenda record.

Where was this contract approved?

This contract appears in board_work_session_agenda_september_30_2025.pdf (Agenda), dated September 30, 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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