Portland and Seattle among the Top 20 Most Expensive Cities for Renters
Business Insider highlighted the top 20 most expensive cities to rent a one-bedroom unit from Zumper's recent rental report. One-bedroom listings for #13 Portland average $1,300 per month and $1,600...GlobeSt.: Yes, the Correction Will Affect CRE
There have been rumblings in the market for some time that commercial real estate property prices are inflated and beyond their "true" value. Currently, many in the global business community are...New Stoves That Stop Kitchen Fires
New built-in technology can shut off electric coil burners before the oil even ignites. The appliance industry and fire prevention officials will soon implement a standard requiring all new electric...Oregon Economist Christian Kaylor Gives a Mid-Year Economic Update for Portland Metro
HFO-TV is pleased to present Christian Kaylor's mid-year economic update for Portland metro and the state of Oregon.
HFO Investment Real Estate. Multifamily brokerage sales serving investors and...New Listing! North Lombard Apartments
The North Lombard Apartments (1963) are generously-sized two-bedroom units with shared backyards and reserved off-street parking. Units are individually metered for water on four separate tax...Chinese Firm Joins With Seattle Area Investor To Build Apartments in Bellevue
A private Chinese real-estate company broke ground Monday in downtown Bellevue on a six-story, 162-unit apartment building, the first of several it plans on the West Coast. Read more of this...The Housing Wants and Needs of Baby Boomers
According to the 25,099 respondents to an exclusive survey of renters nationwide by J Turner Research in partnership with Multifamily Executive, apartment marketers need to pay close attention to the...City Councilor Seattle Times Op-Ed: Time for Rent Control
In a recent Seattle Times opinion piece, Seattle City Councilor Nick Licata discussed his reasons for co-authoring legislation asking the Seattle City Council go on record requesting the state to...In Case You Missed It: Burnside Bridgehead Project Named: Yard
The 21-story, 284-unit tower going up on the east end of the Burnside Bridge has a name. Yard.
Not The Yard. Just Yard.
The HFO marketing department was excited to the point of gleeful exclamation...Parking Meters for NW Portland Delayed Again
Originally planned for installation next month, parking meters in NW Portland have been delayed for months, perhaps longer, because of a bribery scandal investigation. The news is a disappointment to...Top 50 Cities for Median Rent - Zumper National Rent Report: August 2015
Following last month in Zumper's National Rent Report, Seattle ranked 10 and Portland 13 for the most expensive in median one bedroom rents out of the 50 largest U.S. cities acrosss the...277 Apartments Planned for AmberGlen in Hillsboro
The Oregonian/OregonLive is reporting that planners in Hillsboro are looking at a proposal by Arizona-based developer The Wolff Company to construct four buildings totaling 277 apartments on 3.75...DJC: SolTerra To Build 1,500 Apartments in Seattle & Portland, Plus New Portland Office
SolTerra, which designs, builds and manages mixed-use projects, has gone on a hiring spree and announced it will build 1,500 apartments in Portland and Seattle by 2018.
The company, which has...National Apartment Association Releases 2015 Survey of Operating Income and Expenses
It's more important than ever to find the right balance between managed growth, maintaining product quality, service excellence, controlling operating costs, and investing for future changes.
Over...MPF Research Portland #2, Seattle #6 in Apartment Renewal Rent Growth
Not only is Portland the #2 leader for effective rent growth, but the Rose City holds the same position with respect to Renewal Rent Growth, pegged at 8.2 percent, as Seattle ranks #6 with 7.4...Business Insider: The True Cost of Living in Seattle
Thinking of moving to Seattle? Join the crowd!
This bustling metropolis has been the fastest growing big city in America since 2010.
To prepare for your relocation, check out this...Southeast Examiner: Is Parking A Challenge With No Solution?
The cover story of this month's edition of the Southeast Examiner outlines how the existing need for parking already far outweighs supply. For example, Portland's Central Eastside Industrial District...HFO-TV: Will Portland's Urban Growth Boundary Expand in 2016? Meet Metro's Principal Planner, Ted Reid
HFO Partner Greg Frick met recently with Metro's Principal Planner Ted Reid about the status of this year's review of the Urban Growth Boundary, along with discussion of housing issues ranging from...Sold! Portfolio of Two 47-Unit Lake Oswego Apartment Communities- $16.6 Million
HFO is pleased to announce the sale of The Oswegan, and Uptown at Lake Oswego.
In this case, HFO had recently completed a 1031 exchange sale in another Portland asset for an investor client looking...News Report: The Hidden Reason Behind Seattle's Increasing Housing Costs
Seattle's alternative weekly, The Stranger, reported last week that parking spaces cost between $20,000 and $50,000 each.
According to the article, Seattle rents are an average of $246 higher than...Portland, OR Is Number One In Rent Growth Out of 101 Markets Surveyed -Yardi
Multifamily rent growth is not showing signs of slowing down. In July's Yardi Matrix Montly Report, apartment rents rose a 6.5% year-over-year, up 20 basis points from June and the highest rate...Just Listed! 65 Units near Spokane, Washington
HFO is pleased to announce the exclusive listing of the Lakeside Apartments - a 65-unit apartment community constructed in 2009 in Medical Lake, Washington.
The Lakeside' s 65 units consist of a...U.S. Apartment Sales Set To Outperform 2006
In the first half of 2015, $63.2 billion worth of apartments changed hands, a 37.6% increase compared with last year, according to Real Capital Analytics (RCA). The second quarter produced $29.7...Census Report: Q2 Portland's Apartment Vacancy Rate Ranked Nation's 10th Lowest
The U.S. Census Bureau reported today that the rental vacancy rate for the Portland-Vancouver- Hillsboro metro area was 3.5 percent for the second quarter of 2015, up slightly from 2.7 percent for...Metro COO Recommends Against Expanding Portland Metro Urban Growth Boundary
In an interview today for HFO-TV, Ted Reid, Metro Urban Growth Boundary Project Manager announced that Metro's Chief Operating Officer has recommended against expansion of the Urban Growth Boundary...
Case Studies Causey Village - $4,800,000
Built: 2010 - 58 Units plus land for an additional 174 units
Located in Happy Valley, Causey Village was originally designed as a 276-unit condominium project to be developed in multiple phases on a 9.54-acre site. The initial phase of the project was completed in 2007 and included 66 finished units in 11 buildings plus the club house. Of the 66 finished units, 44 were subsequently sold as condominiums with the remaining 22 units leased as apartments.
The initial phase of construction also included partial completion of 36 units in six buildings, two building foundations, and platting, site work, streets, and infrastructure for the remaining 174 planned units in 27 additional planned buildings.
The disposition of Causey Village was extremely unique. Not only did the sale include proportional condominium ownership among the apartments, there were partially completed buildings and additional land to be developed.
HFO Investment Real Estate leveraged its national relationships with property funds and private equity investors to source an experienced developer. The buyer not only required condo conversion experience, but also needed development expertise in order to complete the unfinished units and build on the remaining land.