LCOG Real Estate is active in refinancing the Schaefers Building and recently purchased the Park Place Building, formerly known as the Aster Building, on Willamette between 8th Avenue and Broadway.

LCOG purchased the Schaefers Building in 1991 for $1.7 million dollars. It was appraised this year for $4.1 million and provides office space for the Senior and Disabled Services Division. 

The recently purchased Park Place Building has five floors with about 57,000 square feet of space for rent. The property was purchased for $6.34 million. This new building will provide office space for the other LCOG Divisions.