Blog Posts

Multifamily Marketwatch Podcast - January 14, 2019

This week: Seattle apartment rents hit the skids in the 4th quarter as 10% of the city's units remain empty and rents in King and Snohomish counties dropped about 1.4%. Economist Joe Cortright...

Commissioner Eudaly Bummer: State May Limit City Control of Rents

City Commissioner Chloe Eudaly tells Willamette Week she's disappointed that the Oregon State Legislature may not allow municipalities to limit rents. Read more. HFO Investment Real Estate...

Multifamily Marketwatch Podcast - January 7, 2019

Oregon Lawmakers plan to consider limiting rent increases and ending no-cause evictions in this year's legislative session and a NY Times article looks at the phenomenon of smaller cities not wanting...

7% Cap on Rent Increases, No-Cause Eviction Ban Included in Proposed Legislation

The Willamette Week reports that Oregon Senate Majority Leader Ginny Burdick, House Speaker Tina Kotek, and Senator Laurie Monnes Anderson plan to propose legislation at the upcoming session that...

Portland NAACP Speaks Out against URM Placards

The Portland branch of the NAACP is planning to hold a rally on Saturday, January 5th to protest the ordinance passed late last year requiring unreinforced masonry buildings to post placards stating...

Multifamily Marketwatch Podcast - December 31 Special Edition

Liz Abauf of Prosper Portland discusses recent developments with the Broadway Corridor, Lents, and Alberta area projects. Prosper Portland was previously known as the Portland Development Commission...

Wondering About the State of Housing in Portland?

If you're like us, you're always wondering about the state of housing in Portland. The City surprised us this month with an early Christmas present in the form of it's "State of Housing in Portland"...

State of Housing in Portland: 2018 Report

The City of Portland released its State of Housing in Portland report for 2018 today, which shows that average rent growth in the city was just 2% in the second quarter of 2018, down from an average...

RentCafe | Yardi Matrix| Portland Rents Up 3.1% in 2018

In the latest analysis of Portland metro rents, Yardi Matrix and RentCafe report the areas rents increased 3.1% in 2018--an exact match with the national average. Read more.HFO Investment Real Estate...

Report: Oregon House Speaker to Push For Statewide Rent Control

The Portland Tribune is reporting that Oregon House Speaker Tina Kotek says the 2019 Legislature will consider a statewide rent control and tenant protection program. Read more.HFO Investment...

Multifamily Marketwatch Podcast - December 17, 2018

This week: TriMet may spend twice as much on free park-and-ride lots than affordable housing along a planned MAX line; a study by Zillow indicates that in cities with residents spending more than...

Important Tax Roundup for Multifamily Developers and Owners

Assessors Directed to Assess New Construction as if Stabilized County assessors have been directed by the Oregon Department of Revenue to value newly completed income properties, including...

Tina Kotek Drafting Legislation to Ban Single Family Zoning in Oregon Cities

The Willamette Week reports that Oregon Speaker of the House Tina Kotek is working to draft a proposal that would require cities with more than 10,000 people within an urban growth boundary to allow...

Interview with Liz Abauf, Prosper Portland Development Team Manager

Liz Abauf of Prosper Portland discusses recent developments with the Broadway Corridor, Lents, and Alberta area projects. Prosper Portland was previously known as the Portland Development Commission...

Sold! 43 Units in Olympia, Washington

Campus Lofts was an adaptive reuse conversion.  Originally an office building adjacent to the capitol mall, Campus Lofts was converted into multifamily in 2017 under the City of Olympia’s...

Multifamily Tax Rates, Inclusionary Zoning, Opportunity Zones

Attorney Chris Robinson discusses the tax rates on newly completed multifamily properties in Gresham and Fairview. Recently adopted legislation allowing cities to adopt change property ratios which...

Apartment List: Millennial Renters Are Putting off Home Buying in the Near Term

A new study by Apartment List finds that while 90% of millennial renters would like to purchase a home, the majority are still struggling to afford a down payment. According to the study, 48% of...

Multifamily Marketwatch Podcast - December 10, 2018

This week: The Seattle Planning Commission has found that restrictive single family zoning is contributing to segregation and income inequality; the Portland Housing Bureau is re-evaluating spending...

Sold! 89 Units in Aloha, Oregon

HFO is pleased to announce the sale of the Susan Marie Apartments. Susan Marie (1978) is a low-density garden-court apartment community. Its strong location near Aloha high school and the diverse...

Landlords and Tenants Join Forces to Sue City Over Mandatory Rental Inspections

Landlords and tenants in Seattle have joined in a class action lawsuit against the city's ordinance requiring inspection of units. Tenants object to the inspections on invasion of privacy grounds,...