Nordstrom landlord sues TMT Development


Parr Financial, the investment firm that owns Portland’s Nordstrom building, has filed a lawsuit against TMT Development for its crane on the Park Avenue West site.

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Parr Financial, the investment firm that owns Portland’s Nordstrom building, has filed a lawsuit against TMT Development for its crane on the Park Avenue West site.

The crane, the lawsuit alleges, has been sitting fairly idle over the past year at Southwest Park Avenue and Yamhill Street since the recession stalled Tom Moyer’s office tower project known as Park Avenue West. But more bothersome, it seems, than the gaping hole in the ground is the crane’s tendency to blow over the Nordstrom building whenever there’s a good gust of wind.

The suit contends the crane’s arm — or jib as it’s also called — intrudes upon Nordstrom’s airspace and is asking the court for damages, costs and a ruling that forces TMT to operate and maintain the crane in such a way that it no longer trespasses. 

Interestingly, experts say, that swing is exactly what makes a tower crane safer.

Read more at OregonLive.com.

Read an Oregon Business story about TMT Development’s struggle to revive Park Avenue West.

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