Blog Posts

Multifamily Marketwatch Podcast - October 17, 2017

This week: a Portland Landlord slams Commissioner Eudaly for violating City of Portland social media policy and blocking him from her public Facebook page; the Portland Tribune reports that more than...

Breaking: Greater Portland Apartment Vacancy Rate Trends Higher (Multifamily NW)

At this morning's Multifamily NW Apartment Report Breakfast the overall fall 2017 vacancy rate for Greater Portland apartment properties was reported at 4.37%, up from 3.71% one year earlier. Here...

Oregonian Op-Ed: Eudaly Blocked Landlord's Free Speech in Public Forum

Portland landlord Nishant Bhajaria penned an op ed that appeared in this week's Sunday Oregonian. The piece was critical of Portland City Commissioner Commissioner Chloe Eudaly. Bhajara says when he...

Oregonian Editorial Board: City Council Is Not Adequately Monitoring Effects of Housing Policies

The Oregonian Editorial Board published a statement yesterday afternoon faulting the Portland City Council for failing to examine the effects of its housing policies. The Board points out that the...

Multifamily Marketwatch Podcast - October 10, 2017

This week: Chloe Eudaly's First Right of Refusal ordinance for renters would likely apply to all types of rental housing; Portland developers propose to build up to 2,500 units on Portland's...

Portland-Area Politicians Not Living Up to Promises on Addressing Homelessness

In 2015, Portland, Gresham, and Multnomah County officials created A Home for Everyone. They stated an ambitious goal of halving homelessness by 2019. During his campaign in 2016, Mayor Wheeler came...

Portland City Council Extends Housing State of Emergency, Renter Relocation Fee Ordinance

The City Council voted on Wednesday to extend the Housing State of Emergency by 18 months, and the Renter Relocation Fee Ordinance by 6 months. Mayor Wheeler announced that he plans to propose a...

First Right of Refusal Proposal Would Cover All Types of Rental Housing

The Daily Journal of Commerce published additional details on Commissioner Eudaly's proposal to give tenants the first right of refusal on the sale of rental units. Commissioner Eudaly's Policy...

Multifamily Marketwatch Podcast - October 3, 2017

This week: Portland Commissioner Chloe Eudaly wants to give tenants first right of refusal to buy apartment buildings before they hit the market, and Mayor Ted Wheeler to ask for an 18-month...

Bombshell: Chloe Eudaly to Propose Tenant "First Right of Refusal" to Purchase Apartment Buildings Listed for Sale

The Portland Mercury reports today that Portland City Commissioner Chloe Eudaly plans to unveil a proposal that would allow tenants 60 days to determine whether they want to purchase an apartment...

HFO Brokers Sale of Happy Valley Apartment Community for $58 Million

HFO Investment Real Estate announced the sale of Latitude Apartments located near Clackamas Town Center mall in Happy Valley for $58 million. The Latitude Apartments is a gated apartment community...

City Council to Vote on Extending Housing State of Emergency by 18 Months

Portland's Housing State of Emergency, declared in October 2015 and extended for an additional year in 2016, could be extended by another 18 months. Mayor Wheeler is submitting an ordinance to city...

Multifamily Marketwatch Podcast - September 26, 2017

This week: The Tribune turns a spotlight to the City of Portland's dysfunction; hurricane disasters could result in a construction slowdown due to scarcity of workers and increasing materials costs;...

Multifamily Marketwatch Special

In an interview with HFO partner Greg Frick, Multifamily NW spokesman John McIsaac relates the bureaucratic difficulties facing developers in the City of Portland. Estimates are that 50,000 new...

Portland Tribune: 17 Groups from Six Different Bureaus Required to Review Construction Permits

The Portland City Council has begun a review of bureaucratic processes in an attempt to streamline various processes. The hitch? Folks from bureaus overseen by different councilors are often involved...

Six-Month Review of Inclusionary Zoning in Portland Shows Slowdown in Land Use Review Applications

The Bureau of Planning and Sustainability released its six month review of Portland's Inclusionary Housing policy, which went into effect February 1st of this year. Prior to the law taking effect,...

Multifamily Marketwatch Podcast, September 17, 2017

This week: the Metro council considers new taxes to help pay for affordable housing outside the city limits of Portland; The U.S. Census reports Oregon's median household income rose 6.2% in 2016,...

Amazon to Build New Fulfillment Center in North Portland

Amazon announced that it will build a new fulfillment center in North Portland that will create 1,000 new jobs. The fulfillment center will be located in the Rivergate Industrial District, north of...

Portland Monthly Report: Four New Downtown Portland Apartment Buildings to Add Nearly 1,040 Units

Portland Monthly reports on four new apartment projects either under construction or awaiting final approval that "could change downtown forever." From Old Town/Chinatown to the Pearl to the heart of...

Metro Council Considers Taxes to Fund Affordable Housing

The Metro Council, which oversees ares of Multnomah, Clackamas, and Washington counties that fall within the UGB, is considering tax measures aimed at funding affordable housing initiatives. The...