HFO Arranges Sale of Element 170 to Security Properties of Seattle for $39 Million
In this unique transaction, HFO’s in-depth knowledge of the market and long-term relationships with both the buyer and seller allowed it to facilitate bringing the parties together. This extended...Airbnb Is Breaking Portland's New Licensing Law, but the City Shows Restraint
Airbnb and similar companies such as Homeaway and Flipkey provide an online service for property owners to rent out their home or apartments on a short-term basis. These companies have stirred up...Portland's 2014 Year-End Rental Vacancy Rate Falls, Reflecting NationalTrend
The U.S. Census Bureau is reporting that the rental vacancy rate for the Portland/Vancouver /Beaverton area fell to 2.3 percent in the final quarter of 2014, falling 2.5 percent from Q3.
The...HFO-TV: The City of Portland's Comprehensive Plan Update
The City of Portland's Comprehensive Plan Update is open to online and written public comment through March. Learn more in HFO's recent interview with the city's lead urban planner, Eric...CNN Money: Why Is Everyone Moving to Oregon?
by Spencer Marona, Managing Director
And, how are multifamily owners preparing to capitalize on this?
There is a buzz in the Pacific Northwest and I am not talking about Boeing nor the construction...Community Livability Grant Program May Generate Millions for Local Contractors
The Portland Development Commission recently announced that approximately $830,000 in Community Livability Grants for fiscal year 2014-15 will go to 18 projects in the following...Hotel, Mystery Solved, Datacenters, Pearl District Apartments - The Oregonian's Development Roundup
Get updated on commercial development activity in The Oregonian's Development Roundup, a new weekly post covering a number of interesting and exciting prjoects in the greater Portland market...Portland Metro Job Growth Report for February
Here's the latest news from the State of Oregon Employment Department:
The Portland Metro region created 26,800 jobs in 2014. The vast majority of those jobs were in these areas: ...Topping Off Ceremony Held Today For 657-Unit Apartment Complex at Lloyd Center
American Assets Trust, Inc. and elected officials gathered today in celebration a milestone in the construction of the 657-unit Hassalo on Eighth near Lloyd Center. The "topping off" ceremony for...Portland Leads the Nation in Gentrification
The Oregonian reports that so far this century, Portland ranks as the nation's fastest gentrifying city. You can read more about this in a recently published article in addition to finding a...Flurry of Development Activity throughout the Portland Market
The Oregonian has started to track major commercial development projects throughout the greater Portland market in a weekly report.
Status reports and announcements can be found on projects...HFO Arranges Sale of Central Eastside Lofts for Nearly $19 Million
HFO Investment Real Estate (HFO) is pleased to announce the recent sale of the Central Eastside Loft Apartments in Close-in NE Portland.
HFO Investment Real Estate. Multifamily brokerage sales...Portland's Developer Capstone Partners Is Working on Bringing Energy-Smart Apartments
Local real estate developer, Capstone Partners, is working with Internet of things startup IOTAS to implment its smart technology as a test site in the Grant Park Village complex.
The...Portland Metro on Track For Over 7,000 Apartment Unit Permits Granted in 2014
An analysis of statistics provided by the U.S. Census bureau by HFO shows that multifamily construction permits for the Portland metro area are on track to reach their second highest level in 17...Results of National Survey of More Than 27,000 Renters: What They Want
Multifamily Executive has released the results of their national survey of renters, more than half of which were Millennials, and 25% of whom are renters by choice.
So what are they looking...Techtown Portland: People on the Move
Learn about six people who relocated to Portland to join the booming tech industry. Supported by the Portland Development Commission, Techtown Portland is a collaborative group of 20...7 Reasons You'll Be Thinking About Solar Power Soon
by Trevor T. Calton, Senior Broker, MBA
In case you didn’t already know, solar power is here to stay, and it’s coming your way. In the next two years, solar power will reach “price parity” with the...HFO-TV: Will Metro's Proposed Density Plan Degrade Area Livability? Interview with Gerard Mildner [video]
In an interview with Gerard Mildner of the PSU Center for Real Estate, interviewer Greg Frick discusses Dr. Mildner's recent critique of Metro's 20-year growth plans. The latest Metro models project...GlobeSt: Where Are We in This Cycle?
by Spencer Marona, Managing Director
According to a recently published article on GlobeSt.com, we are in the 7th or 8th inning of the current commercial real estate cycle. This analogy makes sense...Tiny Apartments in the U.S. -- Can You Guess Which Cities Rank Among the Top?
The first city that I thought of was New York. I wasn't even on the right side of the country with my guess. Seattle ranks number one (90 square feet) with Portland in second (150 square feet) for...The Oregonian: Tech Scene Is Going Gangbusters
According to a recent article in The Oregonian, "Oregon tech companies are flying off the shelf." The tech sector has hit its highest point in the past 10 years and industry experts are forecasting...HFO-TV [Video] Portland Central City 2035 Update
City of Portland planner Troy Doss discusses the Central City 2035 plan update. The Central City plan has not been updated since 1988 and is part of the City's comprehensive plan. Click here to learn...Crowdfunding: The Wave of the Future Is Now, Part 2 of 3
Illustration by Alis Atwell for Bloomberg Businessweek, Source: Getty Images (9)by Matt Reynolds and Spencer Marona
In part 1 of this 3 part series we covered: what is crowdfunding and the impact we...Cathedral Park and St. John's Welcomes the Opening of Marvel 29
Marvel 29, a pet-friendly, apartment and condo building in the heart of St. John's neighborhood is scheduled to have their grand opening on January 15, 2015. The new building consists of studios, one...Puget Sound and Portland/Vancouver: 2014-15 Top Economic Market Drivers, Part 2 - Portland/Vancouver
In Part 1 of this two part series on the 2014-15 top economic market drivers in the northwest, I covered the Puget Sound market; primarily these three forces: Amazon's growth, Chinese...
Case Studies The Meridian - $8,500,000
Built: 2010 - 91 Units
The Meridian is a mixed-use building located in downtown Salem, which was substantially completed in 2009. The cost to build the project was in excess of $40 million. This best-in-class Salem project included 11 commercial condos and 89 residential units. Five combined commercial condos and four residential units had been sold, leaving six commercial condos and 85 residential units remaining.
The Challenge and Results:
HFO used its national reach and local ties to attract a tremendous amount of interest in the property. We facilitated multiple tours and inspections throughout the listing period. We were able to locate a local investor who could adhere to theseller's tight timeframes and could close without financing..