About KOIN Center
KOIN Center is a multi-purpose skyscraper in Portland, Oregon, USA. At a height of 509 feet (155 meters), it is Oregon's third tallest building. It was designed by the firm of Zimmer Gunsul Frasca Partnership and opened in 1984 at a cost of $48 million. The building was originally named Fountain Plaza, but it quickly came to be known as the KOIN Center, or KOIN Tower, reflecting the name of its highest-profile occupant, KOIN television. The building was controversial while being constructed because its location blocked the view of Mount Hood that had long been seen by drivers emerging from the Vista Ridge Tunnel under Portland's West Hills going eastbound on U.S. Route 26. The building was sold on July 3, 2007, to a group of California investors for $108 million. In August 2009, these investors that included the California Public Employees' Retirement System (CalPERS) and CommonWealth partners surrendered control of the KOIN Center after defaulting on their mortgage of $70 million from the New York Life Insurance Company. The condos on the upper floors are owned separately and were unaffected by the default.