Bill Naito Company Assumes Control of a One Million Square Foot Portfolio of Commercial Property.PORTLAND Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. , Ore. -- Bill Naito Company has been formed to take ownership of a substantial portion of the real estate assets of the H. Naito Corporation. A settlement agreement divided the real estate and retail assets of the H. Naito Corporation between two shareholder groups. Bill Naito Company now controls a portfolio of commercial property totaling 1.2 million square feet. "We are thankful thank·ful adj. 1. Aware and appreciative of a benefit; grateful. 2. Expressive of gratitude: a thankful smile. to put past issues behind us and are moving forward with long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. plans to improve our existing properties and add to the family's real estate portfolio," said Bob Naito, spokesperson for the reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. company. "My father, Bill Naito, left our family with a legacy that is much more than bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. . His legacy includes a lifelong commitment to Portland and an irrepressible enthusiasm and belief that we can accomplish anything that we set our minds to. Dad always set the highest expectations for his family, his employees, and most of all for himself. We intend to live up to those expectations in our future business dealings," Naito continued. "Our focus right now is on reestablishing our relationships with our employees, our tenants, our vendors, our neighbors and the City to let them know that this 82-year old company will continue to grow and prosper in Portland for another 82 years," he concluded. The company's portfolio includes three significant commercial buildings: Montgomery Montgomery, city, United States Montgomery, city (1990 pop. 187,106), state capital and seat of Montgomery co., E central Ala., near the head of navigation on the Alabama River just below the confluence of the Coosa and Tallapoosa rivers, and in the rich Park, located at 2701 NW Vaughn Vaughn may refer to:
Bill Naito Company is headquartered in the former H. Naito Corporation offices in Montgomery Park. A staff of approximately 50 employees will carry on the day-to-day operation of leasing and property management. A board of directors chaired by Bill Naito's widow, Millicent "Micki" Naito, will oversee company operations. The board is at work on a long-term strategic plan for the new company. For more information on Bill Naito Company, visit www.billnaito.com or call 503-488-5000. |
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