5/15 Business Notebook

*Downtown property may have buyer*Firm adds to Polk wine portfolio*Hardware store plans prize drawing


Downtown property may have buyer

DALLAS -- An early buyer for the former Safeway property in downtown Dallas may cancel a sealed bid auction to purchase the property scheduled for Wednesday (today).

Sharon Peede, the vice president of the auction firm handling the sale, Realty Marketing/Northwest, said a prospective buyer made an offer on the property outside of the auction last week. That offer was forwarded to property owner Umpqua Bank for consideration.

If Umpqua decides to sell, the auction would be canceled, but not until then.

"The seller does have the right to withdraw prior to the auction," Peede said Monday, noting she was not at liberty to disclose details about the offer.

If the offer is not accepted, the auction would go forward as planned.

Realty/Marketing Northwest began advertising the auction -- which includes 118 properties in the Northwest -- on April 1. Bids are due today on the 13,826-square-foot building, constructed in 1963, that is located at 820 SW Church St.

Firm adds to Polk wine portfolio

POLK COUNTY -- Jackson Family Wines announced Friday it has expanded upon its Willamette Valley vineyard holdings, buying a fourth parcel in Polk County and another in Yamhill County.

In March, the company purchased three parcels in Polk County, Zena East and Zena Middle outside West Salem off Zena Road and Maple Grove south of Monmouth off Priem Road. All three sold for a combined $3.4 million.

Friday's purchase included Zena West, next to Zena East and Middle. Collectively, the three sites are known as Zena Crown, and include 80 total planted acres. Sale price was unavailable at press time.

Jackson Family Wines also bought a site in Yamhill County called Gran Moraine that includes 200 acres under vine.

Both sites are LIVE (Low Impact Viticulture and Enology) and Salmon Safe Certified, according to a press release.

Hardware store plans prize drawing

MONMOUTH -- Monmouth Hardware is accepting entries for a $1,000 shopping giveaway.

One local winner, selected at random, will receive $1,000 in merchandise from Monmouth Hardware.

Full details about the giveaway are available at the store, 225 Main St. E. There is a limit of one entry per household per day. One winner will be chosen on June 1.

Monmouth Hardware is owned by Tom Pell.

For more information: 503-838-0562.


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