2. History
Summit Properties, Inc. is a family-owned commercial real estate investment and management company founded in 1904 and headquartered in Portland, Oregon.
In 1904 a 41-year-old immigrant grocer from Bavaria, Philip Feldman, purchased the warehouse and products of Portland-based Mt. Hood Soap and Soda Company for $2,030.
Philip’s three sons Joseph, Gustav, and Henry helped their father transform the fledgling operation into a thriving soap business. What they couldn’t know at the time was that they had also planted the seed of a flourishing real estate business.
Joseph’s son, Philip B. Feldman (“Phil”), became the third generation of Feldmans to lead the company. Throughout the 1950s and 1960s, Phil transitioned the company from a soap manufacturer to a chemical manufacturer and distributor of more than 200 different specialty chemical items for companies that included hotels, nursing homes, hospitals, restaurants and other commercial uses. By 1963, the company was renamed Mt. Hood Chemical and employed many Feldman family members. Up to this point, the company operated out of a small plant at the corner of NW Fourth and Glisan in Portland. The building’s old age, configuration and available space were obstacles for any real change, and Phil was on a mission to grow the company. In 1970, Phil developed 4444 NW Yeon Avenue in Portland’s industrial area for the commercial use of Mt. Hood Chemical and the company moved from its original headquarters that year.
Meanwhile, Phil realized he had a knack for identifying promising industrial real estate locations and continued to buy industrial real estate throughout the 70’s and 80’s. By 1982, a separate real estate division was formed within Mt. Hood Chemical. The real estate division continued to grow and flourish as Phil made strategic investments in burgeoning locations. In 1987, Yoshio (“Kuro”) Kurosaki moved to Portland and began to work for Mt. Hood Chemical, and by 1989 Kuro started working in the Mt. Hood real estate division. By that point, Phil had put together a sizable real estate portfolio.
In 1997, Mt. Hood’s real estate division and chemical division split into two independent businesses. The real estate division became a 100% women-owned family run enterprise under the aegis of Phil’s three daughters, Marcia Weiss, Nicole Kurosaki, and Emily Einhorn. That same year, Mt. Hood’s real estate division was renamed Summit Properties, Inc. The company continues to thrive under their stewardship and the management of Yoshio Kurosaki, and is proudly in its 4th and 5th generation of ownership.
Philip’s three sons Joseph, Gustav, and Henry helped their father transform the fledgling operation into a thriving soap business. What they couldn’t know at the time was that they had also planted the seed of a flourishing real estate business.
Joseph’s son, Philip B. Feldman (“Phil”), became the third generation of Feldmans to lead the company. Throughout the 1950s and 1960s, Phil transitioned the company from a soap manufacturer to a chemical manufacturer and distributor of more than 200 different specialty chemical items for companies that included hotels, nursing homes, hospitals, restaurants and other commercial uses. By 1963, the company was renamed Mt. Hood Chemical and employed many Feldman family members. Up to this point, the company operated out of a small plant at the corner of NW Fourth and Glisan in Portland. The building’s old age, configuration and available space were obstacles for any real change, and Phil was on a mission to grow the company. In 1970, Phil developed 4444 NW Yeon Avenue in Portland’s industrial area for the commercial use of Mt. Hood Chemical and the company moved from its original headquarters that year.
Meanwhile, Phil realized he had a knack for identifying promising industrial real estate locations and continued to buy industrial real estate throughout the 70’s and 80’s. By 1982, a separate real estate division was formed within Mt. Hood Chemical. The real estate division continued to grow and flourish as Phil made strategic investments in burgeoning locations. In 1987, Yoshio (“Kuro”) Kurosaki moved to Portland and began to work for Mt. Hood Chemical, and by 1989 Kuro started working in the Mt. Hood real estate division. By that point, Phil had put together a sizable real estate portfolio.
In 1997, Mt. Hood’s real estate division and chemical division split into two independent businesses. The real estate division became a 100% women-owned family run enterprise under the aegis of Phil’s three daughters, Marcia Weiss, Nicole Kurosaki, and Emily Einhorn. That same year, Mt. Hood’s real estate division was renamed Summit Properties, Inc. The company continues to thrive under their stewardship and the management of Yoshio Kurosaki, and is proudly in its 4th and 5th generation of ownership.