Multifamily news in Portland
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Portland Multifamily Report – Spring 2019
With more than 5,000 apartment units coming online in the metro in 2018, rents increased by 1.9 percent year-over-year through February—well below the 3.6 percent national average.
23 May 2019 11:11 -
Portland Community Trades for $14M
Since acquiring the property in 2016, Pathfinder has made various renovations including new landscaping, corridors, new interior lobby, light fixtures, artwork and a new dog park.
20 May 2019 18:37 -
REACH Community Development Opens Portland Affordable Housing Property
The $24 million project has 101 units catering to both seniors and families with children, as well as 8,900 square feet of retail space.
15 May 2019 13:29 -
Trammell Crow Starts Work on Lake Oswego Project
The developer's residential arm, together with CenterCal Properties, has broken ground on the multifamily and retail asset that will bring 206 apartments to the affluent Portland suburb.
26 April 2019 13:16 -
Top 10 Multifamily Completions in the Pacific Northwest
Demand for new residential units in the Pacific Northwest was very strong during the last 12 months, bolstering development especially in the high-end segment.
09 April 2019 14:12 -
Alliance Residential Opens Portland Community
The developer broke ground on the 147-unit Class A project, known as Broadstone Reveal, in mid-2017, with BMO Harris Bank providing construction financing.
18 March 2019 13:45 -
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.
13 March 2019 11:07 -
Bridge Housing Tops Out $84M Affordable Project in OR
A housing development named for Vera Katz, an inspiring local leader, is nearing completion in Portland. It will offer much-needed rental housing to low-income families and homeless military veterans.
08 February 2019 12:04 -
Goldman Sachs Affiliate Acquires Portland-Area Asset
The 240-unit community located in Camas, Wash., marks Goldman Sachs Asset Management Private Real Estate's 23rd multifamily investment in the U.S.
04 February 2019 08:46 -
Portland Tower Receives $97M Loan
The 348-unit rental community taking shape in the heart of the city's CBD is being developed by Alamo Manhattan. HFF arranged the financing on behalf of the developer.
09 January 2019 09:48 -
Portland Luxury Asset Sells for $58M
The 182-unit rental building was completed in 2017 by Fore Property Co. and is located in the Southwest Hills submarket.
31 December 2018 12:43 -
Demand for Housing Outpaces Supply in Portland
The metro's strong economy and positive demographics are contributing to a growing demand for rental housing, especially in the workforce category.
19 December 2018 13:48 -
HFO Investment Real Estate Brokers Portland Communities
MG Properties Group paid $60.5 million for Westview Heights, a 197-unit asset located in the city’s Bethany neighborhood. The 172-unit Binford Garden Townhomes commanded $30.8 million.
10 December 2018 16:47 -
Portland-Area Apartments Command $84M
The Class B garden-style community was purchased by Security Properties, marking the company’s ninth acquisition in the Portland MSA.
01 November 2018 16:51 -
CBRE Arranges Sale of OR Community
Phil Oester, Joe Nydahl and Josh McDonald brokered the sale of the asset, representing the seller, Marathon Management.
27 September 2018 13:17