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The Brewery Blocks have only been up for sale for a matter of months and they're already going, going, gone! According to today's Oregonian, JPMorgan Chase & Co. outbid 15 other companies for the right to shell out $291.6 million for the coveted property.

The public may see little or no impact from the sale, at least in the short term. Nearly all of the tenants are in long-term leases of about 10 years or so.

Seven years after the brewery purchase, the blocks are nearly 100 percent occupied, and many of the eight local investors that originally invested in the development are ready to move on.

In other Pearl development news, the new foot and bike overpass proposed by the Pearl District Neighborhood Association is getting some coverage in local media. KGW business reporter Joe Smith reports on the project, calling it "expensive, but possibly historic." So who's gonna foot the bill?

The Pearl District Neighborhood Association will use tax incremental funding and help from the Portland Development Commission to foot the bill for some of the the extra cost. The rest will come from private donors.