Real estate and heavy-hauling mogul Terry Emmert says he’s purchased the now-shuttered Regal Cinemas multiplex on Southeast 166th Avenue and Division Street in the Centennial neighborhood.
The 62,290-square foot cinema closed late last year as part of a national downsizing by Regal, and sits on a 7.5-acre lot.
Emmert, who made his money transporting large objects but is perhaps better known for his eccentric hobbies (he owns a herd of water buffalo and has brought multiple professional sports teams to the city, none of which are still around) and his frequent legal battles, would not say how much he paid for the building, but its assessed value is listed at $5.8 million. The sale is not yet recorded in the Multnomah County Assessor’s public database…