Portland
Affordable Housing Coming to Portland
The 88,000-square-foot project will include 203 units and nearly 30,000 square feet of ground-floor retail space. The Oregon community is slated to open in 2019.
On the Market: 4 Interesting Listings for 2/12
This week’s listings include two renovated downtown Baltimore historic buildings and a downtown Portland property that has never been on the market since it was constructed in 1949.
On the Market: 5 Interesting Listings for the Week of 1/29
This week’s listings include a portfolio investment opportunity in Prince George’s County, Md., a new development in the Irvington neighborhood of Portland and an affordable housing community in Dallas.
HFF Secures $28M Refi for OR Community
Director Scott Gilson and Associate Charlie Watson, both on the firm’s debt placement team, represented the borrower of the 10-year loan, which was placed with Freddie Mac’s Capital Markets Execution (CME) program.
CBRE Arranges Portland Community Sale
Graham Taylor represented the seller, Kehoe Northwest Properties, in the $25.5 million transaction. The buyer plans to invest $1 million for common amenities upgrades.
Security Properties Snags $81M OR Community
In a joint venture with Cigna Investment Management, the company purchased Arbor Heights, a 348-unit Class A garden-style community. This purchase marks the partners’ fourth acquisition.
Trion Properties Expands Portland Portfolio
The $12.3 million transaction marks the company’s third acquisition in the city of Beaverton, Ore. Trion plans to implement a renovation plan, including improvements made to the exterior and interior of the property.
Job Growth Firm, Rent Growth Totters in Portland
The metro’s strong employment growth is pushing up multifamily demand, especially for market-rate apartments. Nearly 8,400 units were underway as of August, of which some 3,200 units are slated to come online by December.
Portland Community Lands $14.5M Refi
The Altoma Real Estate Advisors were responsible for arranging the mortgage services for Tess O’Brien Apartments. The borrower was backed by key principal Martin Kehoe.
CBRE Facilitates $19M Sale of OR Community
The company represented the seller, Barclay Cascade investors LLC in the transaction. The property’s average monthly rent was $1,204 as of September.