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Rachel  Atchison

Rachel Atchison

PARTNER

503.802.5732
rachel.atchison@tonkon.com
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Overview

Rachel is a partner in Tonkon Torp's Business Department. She focuses her practice on various real estate matters including commercial purchases and sales, land use, and transactions involving renewable energy. Rachel’s practice also includes corporate work in mergers and acquisitions, entity formation, corporate governance, and drafting and negotiating contracts.
 
Rachel is a 2013, magna cum laude, graduate of Lewis & Clark Law School, where she earned a Dean’s Scholarship for academic merit and earned the Oregon State Bar Securities Section Scholarship. Rachel was voted outstanding associate editor of the Environmental Law Review and was a member of the Asian/Pacific American Student Union and the Business Law Society. As a law student, she worked as a summer associate at Tonkon Torp for two consecutive years.
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Featured Representative Matters

International Sale of Interest in Dental Equipment Company

Represented dental parts and equipment company in the sale of one-third of its interest to a public company in Japan. In a truly global transaction, the Tokyo, Japan-based investor had legal counsel in New York, with their principal attorney working out of Hawaii. An insurer in London underwrote the representations and warranties insurance. Tonkon Torp's M&A group assembled a team of Tonkon Torp attorneys to assist in additional intellectual property, tax, and labor and employment issues important to the success of the transaction.

Complex Reverse Exchanges

Worked with the Tonkon Torp team to guide the client through a complicated reverse exchange pursuant to Section 1031 of the Internal Revenue Code, as amended, and the Treasury Regulations promulgated thereunder, which involved the purchase of 10 real property interests and the sale of one real property interest. These carefully timed transactions also involved the client's exercise of a put option under the controlling ground lease, the termination of numerous tenancy-in-common agreements, the assumption of dozens of leases, and the coordination of tenants, counter-parties and their counsel, two title companies, and the exchange accommodation titleholder/qualified intermediary company.

Worked with the Tonkon Torp team in guiding the client through executing another complicated reverse exchange pursuant to Section 1031 of the Internal Revenue Code, as amended, and the Treasury Regulations promulgated thereunder, which involved the purchase of one real property interest far different than the rest of the client's real estate portfolio and the sale of one real property interest that the client owned for decades. These transactions also involved the client's exercise of a renegotiated put option under the controlling ground lease, the formation of a master tenant entity, a new property management agreement, the assumption of numerous leases, and the coordination of counter-parties and their counsel, two title companies, and the exchange accommodation titleholder/qualified intermediary company.

Eastern Oregon Wind Projects Acquisition

Represented private equity firm in $200 million acquisition and development of five utility-scale wind projects in Eastern Oregon for sale of power to prominent Idaho utility.

Acquisition of U.S. Solar Energy Development Portfolio

Represented the purchaser in the recent acquisition of  a rival developer's U.S. solar energy development portfolio. Purchaser acquired 14 large-scale solar projects in the late stages of development in California and New Mexico, along with numerous early-stage projects scattered across the nation.
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Featured Work

Portland’s First Living Building in the Heart of Downtown

On March 31, 2020, Owen Blank and Rachel Atchison helped their client close on the beginning of Portland’s first living building, which will be located at SW 1st Avenue and SW Pine Street. The “Living Building” will meet the world’s most stringent sustainability standards. It will have many amazing attributes, like use of filtered heat recovery ventilation and cross-laminated timber certified by the Forest Stewardship Council.

Tonkon Torp Helps Albina Head Start Purchase Property for Community Cornerstone

Attorneys from Tonkon Torp’s Real Estate & Land Use Practice Group are celebrating a successful real estate purchase for pro bono client Albina Head Start (AHS). For more than 40 years, AHS has leased space at a former church building in NE Portland for its Tina Clegg Center. The Center, a community pillar for one of Portland’s historic communities of color, houses both a Head Start program serving 60 low-income families and AHS administrative offices that coordinate and provide services for numerous additional families.

Tonkon Torp Attorneys Help Secure Portland’s First Five-Star Hotel Project

Tonkon Torp played a foundational role in paving the way for Oregon’s first five-star hotel development, the 35-story Ritz-Carlton hotel in downtown Portland. Attorneys from the Real Estate & Land Use Law Practice Group represented their client, the landowner, in negotiating an agreement to enter into a ground lease (AEGL) with BPM Real Estate Group, a Portland-based developer, assisting with the fulfillment of the AEGL’s conditions, and closing the transaction with the parties entering into the ground lease itself.

Guiding a Software Company Through a Successful Equity Sale

Tonkon Torp’s mergers and acquisitions team facilitated the successful equity sale of ShiftWise, a Portland software company that provides web-based healthcare workforce solutions, to AMN Healthcare Services, Inc., a publicly traded strategic buyer. Find details and more featured cases here.

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Professional Memberships

Multnomah Bar Association
Oregon Women Lawyers
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Awards & Recognition

The Best Lawyers in America

2021, Ones to Watch – Mergers and Acquisitions Law
2021, Ones to Watch – Real Estate Law
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Recent News

12.10.2020

Tonkon Torp Elects Four Attorneys to Partnership

Tonkon Torp LLP has elected Rachel Atchison, Eric Beach, Jeff Bradford, and Alex Tinker to the partnership, effective January 1, 2021.
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8.21.2020

Nine Rising Tonkon Torp Attorneys Included on 2021 “Ones to Watch” List

Nine Tonkon Torp lawyers representing nine practice groups have been honored in Best Lawyers' inaugural Ones to Watch directory. Best Lawyers: Ones to Watch is a peer-review honor focused on acknowledging attorneys who have been in private practice…
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11.20.2019

Rachel Atchison and Michael Millender Review Opportunity Zones for OSB Securities Regulation Section

Rachel Atchison and Michael Millender provided an overview of Opportunity Zone tax incentives at the Oregon State Bar Securities Regulation Section Annual Meeting.
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1.31.2015

Tonkon Torp Donates to Rock 'n' Roll Camp for Girls

Tonkon Torp made a donation to the Rock 'n' Roll Camp for Girls at the behest of Rachel Atchison a Camp board member. The Rock 'n' Roll Camp for Girls builds girls' self-esteem through music creation and performance, providing workshops and technical…
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3.6.2014

Rock & Roll Camp Taps Atchison for Board Position

Rachel Atchison has been elected to the Board of Directors of Portland’s Rock ‘n’ Roll Camp for Girls. Atchison is a member of Tonkon Torp’s Business Law practice group, where she works on a variety of matters including securities regulation and…
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10.21.2013

Tonkon Torp Welcomes New Associates

Two new associates joined Tonkon Torp LLP this month, bringing the firm’s roster of attorneys to 86. Rachel Kiyoko Atchison, a 2013 graduate of Lewis & Clark Law School, is an associate in the firm’s Business Department. Jeff Bradford has joined the…
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Recent Alerts

10.14.2020

Cleaning Up Your Contracts – Property Owners Could Be Liable for Janitors’ Unpaid Wages

Due to recent changes in Oregon law, if a janitorial service provider fails to pay its employees, the owner or manager of the property being cleaned could be liable for the unpaid wages (and additional penalties) unless the property owner or manager…
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Publications & Presentations


“IRS Proposes New 1031 Regulations – Sculptures Are Real Property, Walls Are Not,” Ear to the Ground, July 2020

“Top Three Investor-Friendly Rules from the Newest IRS Opportunity Zone Notice,” Ear to the Ground, July 2020

“COVID-19 Relief for 1031 Exchanges: Deadlines Moved to July 15, 2020,” Ear to the Ground, April 2020

"Opportunity Zone Investments," Oregon State Bar Securities Regulation Section, October 2019

"Urban Growth Boundary Expansions on the Rise," Ear to the Ground, October 2018

"The Sparkle of Gresham's Enterprise Zone Attracts New Diamond Factory," Ear to the Ground, June 2018

"There's an Essential Oil for That — Ambient Scenting in Commercial Real Estate Spaces," Ear to the Ground, November 2017

"The Fair-Haired Dumbbell Regulation A+ Offering," Ear to the Ground, June 2017
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Services

Real Estate & Land Use Law Business Law Mergers & Acquisitions
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Education

J.D., magna cum laude, Lewis & Clark Law School, 2013, Business Law Certificate

B.A, magna cum laude, Western Washington University, 2004
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Bar & Court Admissions

Oregon State Bar
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