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HFO's News Blog for Multifamily Apartment Investors | Apartment Building Owners



The latest news of interest to multifamily housing investors in Oregon and Washington. Build Your Legacy with HFO.



Last Build Date: Mon, 23 Apr 2018 15:34:19 PDT

 



Portland Metro on Track to Add 900,000 People by 2040

Mon, 23 Apr 2018 15:34:00 PDT

The U.S. Census Bureau reports the Portland metro area grew by 1.36% last year. Read more.HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for investors and...

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Multifamily Marketwatch Podcast - April 23, 2018

Mon, 23 Apr 2018 12:20:00 PDT

This week: the latest apartment survey indicates vacancy rates are on the rise in Portland but remain among the lowest in the country; baby boomers and millennials both want to live in walkable,...

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Atlas and United Van Lines: Oregon Top Moving Destination for 2017

Mon, 23 Apr 2018 10:57:00 PDT

United Van Lines said 65 percent of moves involving Oregon were inbound, ranking Oregon 1st in terms of in-migration; while its competitor Atlas Van Lines said Oregon ranked 8th, with 57.5% of moves...

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City Council Plans to Vote on Central City 2035 Plan This Wednesday

Mon, 23 Apr 2018 06:58:00 PDT

The Portland City Council has scheduled a vote on the Central City 2035 Plan for this Wednesday, April 25th. A comment period is open until 5pm on Tuesday, and the final vote will not take place...

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Multifamily NW Apartment Report: Metro Vacancy Rate Increases to 4.85%

Thu, 19 Apr 2018 09:56:00 PDT

The Multifamily NW Spring 2018 Apartment Report was released on Wednesday, April 18th. Vacancy rates in area sub-markets, in the southern Willamette Valley and in Bend/Redmond was reported as...

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HFO Announces Annual Charitable Contributions

Tue, 17 Apr 2018 15:05:00 PDT

The HFO team volunteers at Oregon Food Bank (Feb. 2018)At the close of each apartment transaction, HFO Investment Real Estate contributes to a charity selected by the firm’s client. In addition to...

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Oregon Unemployment Rate at 4.1% for Fourth Straight Month

Tue, 17 Apr 2018 10:48:00 PDT

Oregon's state unemployment rate is 4.1% for the fourth straight month, and the rate remains the lowest on record. The state added 4,200 jobs in March, with retail, auto sales, and manufacturing...

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Meet HFO's Jennifer Shuch, Senior Research Analyst

Tue, 17 Apr 2018 10:43:00 PDT

HFO Senior Research Analyst Jennifer Shuch is profiled in this HFO team member introduction video. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for...

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Multifamily Marketwatch Podcast - April 16, 2018

Mon, 16 Apr 2018 10:05:00 PDT

This week:Seattle has passed a law requiring landlords to separate rent and parking fees, allowing renters to opt-out of paying for parking; the Sherwood City Council wants Metro to expand its urban...

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Nation's Largest Bedbug Judgment Against Landlord Occurs in California

Thu, 12 Apr 2018 06:00:00 PDT

A $1.6 million judgment against a landlord was handed down last week by a California jury. The $1.6 million judgment was the largest in U.S. history for a single infestation. Read more. HFO...

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U.S. News and World Report Ranks Portland #6 "Best Places to Live" for 2018

Wed, 11 Apr 2018 11:07:00 PDT

Portland's weirdness--including Voodoo donuts, the adult soapbox derby, annual naked bike ride and even our average commute time--all figured into U.S. News and World Report's ranking of the city as...

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Update from More Housing Now! [Video]

Wed, 11 Apr 2018 09:47:00 PDT

Creating the political climate that will increase, rather than restrict, housing construction may be even more difficult in 2019 than during the 2017 legislative session. The key to creating more...

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Relocation Fee Flow Chart and Exemption Application

Wed, 11 Apr 2018 08:40:00 PDT

Certain rental housing providers are exempt from having to pay relocation fees. Those exemptions include: Rentals outside the city limits of Portland Week-to-week tenanciesTenants who live in...

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New Rule Requires Seattle Landlords to Separate Rent and Parking Fees

Wed, 11 Apr 2018 08:27:00 PDT

The Seattle City Council passed an ordinance last week that requires landlords to separate parking and rental payments. Landlords of buildings with more than 10 apartment units will no longer be able...

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City Observatory's Joe Cortright on Portland's Housing Problems [Video]

Mon, 09 Apr 2018 12:48:00 PDT

Joe Cortright joined HFO Partner Greg Frick in a discussion of Portland's housing crisis and what's needed to solve it. HFO Investment Real Estate specializes in multifamily brokerage sales and...

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Multifamily Marketwatch Podcast - April 9, 2018

Mon, 09 Apr 2018 09:30:00 PDT

This week: A recent third-party study of Portland's proposed Residential Infill Project concludes it will reduce demolitions and increase housing; A Washington State Judge rules that Seattle's law...

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Pearl District Development May Get a Second Chance

Thu, 05 Apr 2018 07:09:00 PDT

After voting last month to overturn the Design Commission's decision to approve the Fremont Place apartment development, the City Council voted to re-open the record rather than requiring the...

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Seattle Law Requiring Landlords to Accept Tenants on "First Come First Served" Basis Ruled Unconstitutional

Wed, 04 Apr 2018 08:38:00 PDT

Since the beginning of 2017, a Seattle ordinance passed in late 2016 required that landlords choose among qualified applicants on a first-come, first-served basis. That ordinance was ruled...

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Historic Landmarks Commissioner Argues against Development across the Street from Her Condo

Tue, 03 Apr 2018 07:11:00 PDT

Northwest Housing Alternatives has proposed a new affordable development serving seniors and low-income residents on NW Hoyt Street in the Historic Alphabet District, but the developer continues to...

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Multifamily Marketwatch Podcast - April 2, 2018

Mon, 02 Apr 2018 08:29:00 PDT

This Week: Candidates to replace Dan Saltzman on Portland's city council are profiled; regional government announces plans to develop affordable housing on the SW corridor ahead of new MAX line...

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Portland Tribune Breaks Down Why Rent Is High in New Buildings

Tue, 27 Mar 2018 13:20:00 PDT

The Portland Tribune published an analysis of the rent payments of tenants in new apartment buildings, breaking down what that money pays for. According to their analysis, development companies and...

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Multifamily Marketwatch Podcast - March 26, 2018 Special Report

Mon, 26 Mar 2018 03:01:00 PDT

The City of Portland apparently plans to move forward with an ordinance requiring seismic upgrades to hundreds of Portland apartment buildings without funding assistance in place. The group Save...

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Eudaly Changes her Vote, City Council Okays Riverplace Height Increases

Fri, 23 Mar 2018 06:56:00 PDT

Two weeks after a preliminary vote against increasing height limits to 325 feet in the Riverplace neighborhood to allow the possible development of over 2,600 new apartment units, the Portland City...

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Willamette Week: Pearl District Residents Divided Over Growth

Tue, 20 Mar 2018 10:31:00 PDT

Willamette Week reports on the divisiveness that exists within the Pearl District Neighborhood Association over the City Council's rejection of a recent housing project there. Read more.HFO...

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City Observatory: Educating Portland Council on Housing Economics 101

Mon, 19 Mar 2018 15:15:00 PDT

City Observatory has had quite the slog this past week educating the Portland City Council about Housing Economics 101. Today, the commentary included this quote: "... to make up for the...

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