Two New Listings in Canby With Rent Upside
Brentwood TownhomesThe 13-unit Brentwood Townhomes offer investors the rare opportunity to acquire a well-maintained townhome property in the city of Canby. This property's units are oversized...HFO-TV: Current Trends in Multifamily Lending and Finance with Mark Paskill
HFO Partner Greg Frick discusses the current multifamily lending environment with Mark Paskill of Intervest (a subsidiary of Umpqua Bank).
Property Management Insider recently published its...Metro President: No UGB Expansion Needed
Stating that the area has enough available land to accommodate the next 20 years of growth, Metro will not expand the Urban Growth Boundary, according to Metro President Tom Hughes.
Metro released a...On HFO-TV: The Latest Economic Update for the Clark County/Vancouver Area
Greg Frick interviewed Scott Bailey, a regional economist with Washington State, about the Clark County/Vancouver area economy. Here's what we learned.
HFO Investment Real Estate. Multifamily...GlobeSt.com: Portland Rents up 12% as U.S. Apartment Rent Growth Sets New High
Growth continues to be dominated by metro areas in the Pacific Northwest and the Western lifestyle markets. Portland (12.0%), Denver (11.8%) and San Francisco (11.7%) all saw double-digit growth in...HFO Adds Director of Operations
HFO Investment Real Estate (HFO) is pleased to announce the hiring of Donna Brunner in the newly-created position of Director of Operations.
With over 23 years of real estate experience, Brunner is...Seattle Developer Plans 102-Story Apartment Skyscraper
The 102-story building which would be home to 1,200 apartments at 701 Fourth Avenue, would be the West Coast's tallest building and the eighth tallest in the country. The apartments would sit atop a...New Listing! 70 Unit Portfolio in Beaverton $5.989M
Allen Crossing and Allenwood are being sold as a combined portfolio of 70 units. Both properties currently have below-market rents and offer additional value-add opportunities through unit upgrades,...Who's Hiring in Commercial Real Estate?
We are looking for a unique, energetic, intelligent and passionate individual to join our sales team. The right person will value the relentless pursuit of each clients' success.
If you have...Oregonian Cover Story: "Developers Can't Build Apartments Fast Enough"
From today's Oregonian:
Despite 22,000 new apartments coming on line in the metropolitan area since 2012, more than half in Portland proper, vacancies remain practically non-existent.And according to...New Listing! Courtyard at Park Place - 13 Units in Gresham $1.3M
HFO is pleased to announce the listing of Courtyard at Park Place. This 13-unit Gresham property is a unique, well-located property in Gresham's exceptional multifamily market. Numerous updates and...City of Vancouver Passes Ordinances Changing Rental Notice Requirements Beginning Oct. 21
The Vancouver City Council has passed three new ordinances affecting rental housing. Those changes take effect October 21st and require the following:
60-day notice period for no-cause evictions (an...Landlords Question City of Portland Proposed Changes to Tenant
Landlords have responded less than a week after The Oregonian reported that Dan Saltzman is asking the city council to approve his plan to ensure all renters receive a 90-day notice for no-cause...Will Mother-In-Law Units Ease Housing Issues? One Owner Says His Property Taxes Doubled
In its latest in a series of housing reports, local TV station KGW examines the significant number of Accessory Dwelling Units (ADUs) being approved, and encouraged, by the City of Portland. Read...More Than Weather Was Sizzling in Seattle This Summer
Seattle area rents have jumped over 10% in the past 12 months. In the third quarter of 2015 alone, rents in King and Snohomish Counties rose 3.1% to $1,451, or $1.74 per square foot.
King and...Mayor's Proposed Demolition Fee Wouldn't Apply to Homes Removed for Construction of Multi-family
According to Willamette Week, Portland Mayor Charlie Hales' proposal to charge a fee for demolishing homes would not apply to homes in areas zoned for mult-family housing.
The fee is proposed to...Portland Metro Apartment Rents in the News - Again
It seems no matter where you look right now, everyone is reporting on rental trends in and around the Rose City.
The National Real Estate Investor has a story about "Apartment Rents Growing Faster...Just Listed! New Condo-Quality 20-Unit Apartment Asset in NW Portland, Convenient to Downtown and the Pearl
HFO is pleased to announce the listing of the 1607 Apartments. With condo-quality construction throughout, this property features generously sized one-bedroom flats and two- and three-bedroom...Portland City Council Slated to Consider Future Development of Pearl District Site, Adding Housing for 3,100 including 600 Affordable Housing Units
Portland Development Commission Preferred Site PlanFuture redevelopment of the 14-acres of land now occupied by the U.S. Post Office in the Pearl District could look something like this, according to...Portland Mercury Article Highlights Renter Concerns
Last week, the Portland Mercury published a two-page article outlining concerns of some renters who have been evicted to allow for apartment property upgrades. Read the article.HFO Investment Real...In South Lake Union, Explosive Growth is Just Getting Started
South Lake Union Panorama -- NightThe incredible, ongoing change at the south end of Lake Union is about to continue! Thirteen towers are on track for construction at the south end of Lake Union,...KGW Talks to Portland's New Housing Director About Growth
Northwest native Kurt Creager talked to KGW about how much housing prices will rise, what he's doing to make rents more affordable, and why the parking situation will only get worse. Read the story...Are We Entering One of the Strongest Housing Markets in U.S. History?
by Spencer Marona, Managing Director
CoStar recently reported that the Mortgage Bankers Association (MBA) expects between 13.9 million and 15.9 million of additional households will be formed by...Just Listed! 30 Units on E Burnside
The Burnside Street Apartments is a well-located 30-unit asset in the city of Gresham, listed at $2,325,000. This value-add property has an opportunity to increase income by bringing rents to market...New Listing! Washington Square Townhomes in Tigard
The Washington Square Townhomes are charming garden-style apartment buildings in one of Portland’s popular close-in submarkets.
In Portland’s southwest submarkets, larger two- and three-bedroom...
Case Studies Washington Street Station - $2,775,000
Built: 1971 - Interior & Exterior Renovation: 2011-2013 - 100 Units
Completed in 2012, the 20-unit Washington Street Station was listed exclusively with HFO. Originally built as luxury condos, the property offers high quality finishes, floor-to-ceiling windows, and select units feature elegant spiral staircases to third-floor, private rooftop patios.
Washington Street Station's lack of historical stabilized operations created the potential for investors to challenge its value and ability to maintain rents as more properties break ground in the Hillsboro sub-market.
HFO had been working with one specific buyer for nine months looking for just the right property, and our broker team was able to deliver the goods to the client with this sale. HFO's commitment to long-term client relationships means focusing on client concerns throughout the entire purchase or sale process.