Morning Oregonian. (Portland, Or.) 1861-1937, January 01, 1914, SECTION ONE, Page 6, Image 6

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THE MORNING" OREGONIAN; THUESD AY, JAXTJAIIT 1, 1914.
PORTLAND has no more attractive office : block than the Morgan
. " building, which teas completed in October, 1913. With an ' entire
block frontage on Washington street and covering an area of half ablock.
first' thought of the Morgan building it had been designed, erected and
'occupied, at a cost of $600,000. The builders, the Morgan-Bushong
Investment Company, leased the site from the Fechheimer Estate Company
it is a massive and beautiful structure, although in height it does not rank! for a period of 50 years. The rental is based on an arbitrary ground valuation
among the skyscrapers, sin excellent combination of red tapestry bricfy and of $1 ,000,000, the payments being graduated during the life of the lease.
cream terra cotta makes one of the finest exteriors in the city, and the interior . The rapidity with which Portland really values have grown is indicated
is up to the same standard. In less than a year from the time that the owners by the fact that half of the site was purchased in 1900 for $35,000.
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MORGAN BUILDING
WASHiNGTON, BROADWAYand PARK STS.
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