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University of Oregon Foundation buys White Stag building in Old Town

The University of Oregon Foundation bought the historic White Stag building in Old Town from Venerable Group Inc. for $42 million. Venerable acquired the property in 2006 from the Naito family for $5 million and the University of Oregon began offering classes there in 2008. The university currently occupies about 103,000 square feet of the 137,000-square-foot property. More information.