Blog Posts

The Ankeny Apartments Saga, Continued

In April, HFO wrote a blog post detailing the herculean effort developer Landon Crowell has put into getting his 17-unit apartment development on SE 11th and Ankeny approved. After going before the...

Demand for Apartments Projected to Stay Strong as Supply Struggles to Keep Up

New studies by the National Multifamily Housing Council (NMHC) and the Joint Center for Housing Studies at Harvard University predict that demand for apartment housing will stay strong due to...

Sen. Rod Monroe Proposes Amendments to HB 2004

The Portland Tribune reports that Senator Rod Monroe, an East Portland landlord and hold-out vote on HB 2004, has proposed amendments he believes will balance tenant protections with landlord...

Nike to Eliminate 2% of its Global Workforce

Nike announced it will cut 2% of its global workforce of 70,000 employees - or about 1,400 people. The company has been losing some market share to Adidas and Under Armour (which also have major...

Laurelhurst is Latest Portland Neighborhood Seeking Historic Designation to Block Development

Laurelhurst has voted overwhelmingly for neighborhood association leaders who are in favor of designating the 425-acre neighborhood as a historic district. Laurelhurst, located in Northeast Portland,...

Neighborhood Coalition Gets Cash to Clean Up Trash

A coalition of NE Portland neighborhood groups received a grant from the city of Portland for up to $90-thousand dollars in cleanup funds. The year-long pilot project will contract to add a full-time...

Report: U.S. Apartment Market = Full Despite Booming Construction

Axiometrics reports that the average national apartment occupancy rate has reached the statistically significant level of 95%, which was last reached in September, 2016. This is the level at which...

Multifamily Marketwatch Podcast - June 20, 2017

This week: It's the economy -- higher interest rates, Oregon unemployment reaches a new record low and Amazon will create 1,500 new jobs in Troutdale by next summer. Check out this episode!HFO...

Amazon to Create over 1,500 Jobs in Troutdale Next Summer

Amazon plans to open a $178-million warehouse facility in Troutdale by July 2018 that will create 1,500 new jobs, possibly more, The Oregonian/Oregon Live reports. Read more. HFO Investment Real...

Portland Tenants United Pressuring Sen. Rod Monroe on HB 2004

Portland Tenant's United (PTU) has been putting pressure on State Senator Rod Monroe to support House Bill 2004, as the bill is likely to fail without the Senator's support. PTU has been contacting...

Fed Raises Interest Rates by a Quarter Point

The Federal Reserve raised its rates today for the second time in 2017, despite inflation that is lower than the normal target rate. The new range for the Fed's benchmark is 1-1.25%, up from 0.91%...

Multifamily Marketwatch Podcast - June 13, 2017

This week: Lawmakers in Oregon and Washington consider real estate tax increases; Oregon's rent control saga; Amazon to bring 1,500 new jobs to Troutdale; wages vs. rent; and across the country -...

Washington County Housing Summit Addresses Development & Affordability Challenges

A housing summit held in Beaverton last week addressed housing-related issues such as increasing demand for low income housing as well as single family homes in the area. The meeting was organized by...

Oregon Senate to Vote on Bill that Could Raise Property Taxes on New & Renovated Properties in Multnomah County

Oregon House Bill 2088 unanimously passed out of committee and now heads to the Senate floor. The bill gives cities the ability to use city-specific rather than county-specific averages to...

National Year-Over-Year Rent Growth Decelerates For Third Consecutive Month

In its monthly rent survey, Yardi Matrix reports that May, 2017 was the third consecutive month of rent deceleration in its survey of 121 markets. The company reports 36,000 units will come online in...

Attention Washington Residents and Owners: State Considers 7% Capital Gains Tax, B&O Tax Increase, and Graduated Real Estate Taxes

In order to balance the state budget, the House Democrats & the Governor introduced HB 2186/SB 5929, new state capital gains tax of 7% and other tax increases to include: 1.   ...

Multifamily Marketwatch Podcast - June 6, 2017

This week: Rent control appears dead in Oregon legislature (but is it? stay tuned!); a second bill requiring local governments to allow duplexes, ADUs and small multifamily projects in single family...

Oregon and Washington Have Fastest Growing GDP in the US

Washington and Oregon ranked #1 and #2 in GDP growth among US states for 2016, with 3.7% and 3.3% growth respectively. According to Amy Vander Vliet of the Oregon Employment Department, this is the...

HB 2004 Will Go to Senate Floor without Provision Allowing for Rent Control

In a 4-1 vote on Wednesday, the Senate Committee on Human Services approved changes to HB 2004, including the removal of the provision allowing cities to impose rent stabilization policies. Instead...

Portland Development Fees to Rise, Effective July 1

The Daily Journal of Commerce reports that the Portland City Council approved an increase in development fees last week. The new fees are set to take effect July 1, 2017. Costs for a type II...