Here's what's on our mind.
2.6.2019
How the Missing Middle May Help Create Affordable Housing
As discussed in my previous blog post, we need to find ways to build more housing if we are to make a dent in our affordable housing crisis. One solution being explored this legislative session, and by Portland City Council, is to end the ban on so…
1.31.2019
Portland's Affordable Housing Crisis - What's Being Done?
The January 24, 2019 meeting of the Oregon Chapter of NAIOP, the Commercial Real Estate Development Association, featured a panel of affordable housing experts who described the root causes of the crisis, and what is being done to fix it.
1.7.2019
More Real Estate Transactions Now Subject to National Security Review
Created in 1988, the federal Committee on Foreign Investment in the United States, or CFIUS, reviews acquisitions of US-based assets by foreigners for potential national security implications. Using CFIUS's findings, the President can then block a…
11.29.2018
A Sighting of the Rare Bird of Bipartisanship
Surprise, surprise. The current Congress—the same one that has melted down numerous times over judicial appointments, intelligence investigations, healthcare, and taxes—actually passed some bipartisan water infrastructure legislation—and the…
11.20.2018
Sales, Swaps, and Bike Parks – Change is Coming to Mt. Hood
For a community that has not seen a great deal of change in recent years, there are a lot of new developments happening in Mt. Hood's mountain village. When Collins Lake Resort and the nearby Grand Lodges were built in the early 2000s, it appeared…
11.14.2018
How Long Can Portland's Red Hot Economy Last?
October, rarely friendly to financial markets, has recently come and gone. But Portland keeps rolling along. In the last 12 months, Portland Metro has added 37,100 new jobs, a growth rate of 3.2%, while unemployment remains at 3.6% which is basically…
11.9.2018
Multnomah Property Taxes Will Increase to Highest Rates in Two Decades
On Tuesday, Portland voters approved the $652.8 million bond measure to build thousands of affordable homes for low-income residents in Multnomah, Washington, and Clackamas Counties (detailed here). Measure 26-199 was proposed by Metro, which says it…
11.7.2018
A Fresh View of Sichuan's Air Pollution Solutions
I recently had my ear to the ground in and around Chengdu, the capital of southwestern China's Sichuan province. Two things struck me about the air quality in the city. First, the air seemed far cleaner than during my last visit in 2007 despite a…
11.1.2018
Opportunity Zones: A Sequel
Several weeks ago my blog post (How Will Opportunity Zone Investing Impact the Portland Real Estate Market?) talked about the importance to investors and professionals of forthcoming guidance from the IRS. The first chapter of that guidance was…
10.23.2018
The “Wet” is Returning to the Oaks Bottom Wetlands
After almost completely drying out this summer, water has begun to return to the 140-acre Oaks Bottom Wildlife Refuge in southeast Portland, as work wraps up on an extensive wetlands rehabilitation project. Oaks Bottom is the largest remaining…
10.18.2018
The Silver Tsunami Will Shape Seniors Housing Development
I’ve been helping clients develop and manage seniors housing projects in a national market that has experienced steady growth in recent years. Seniors housing is need-driven with many seniors moving into independent living, assisted living, or memory…
10.8.2018
Property Tax Statements Require a Close Look This Year
Oregon's county assessors must send out property tax statements to all property taxpayers no later than October 25. If you run a business or own real property, you’ll be getting your statements soon. Over the next few weeks I’ll be covering many of…
10.3.2018
Urban Growth Boundary Expansions on the Rise
Metro Council, the governing body charged with managing the Portland metro area urban growth boundary, is at it again. As a follow-on to David Petersen’s April 20 blog regarding the UGB, I’m here to report that Metro Council has been busy considering…
9.25.2018
Urban Onion: The City of Beaverton Seeks Livable Core
The latest efforts to transform the City of Beaverton into…well, Portland, apparently shape the city into an onion, made up of distinct layers. The outer layer, formed from offices and residential developments, encloses the inner core areas of the…
9.6.2018
The Skyscrapers of the Future Will Be Made of Wood
On August 8, the Oregon Building Codes Division approved a new state building code called a Statewide Alternate Method. The new code authorizes the construction of wood buildings taller than six stories, which was the previous limit. Taller wood…
8.27.2018
In Defense of Public Transit
The arrival of market disrupters Uber and Lyft has spawned many think pieces on the future of transportation. While we may think technology will solve our transportation problems, instead of focusing on new technology, state and local governments…
8.8.2018
Worker Shortage Hits Portland Builders Two Ways
Many years ago, a local homebuilder told me he wouldn't build in the Portland City limits anymore, because the permitting and inspections took so long and were so expensive that it ate into his profits, not to mention his psychological well-being…
8.6.2018
WeWork Continues to Grow and Evolve
In 2010, Adam Neumann and Miguel McKelvey started WeWork, a company that provides shared work spaces for startups, small businesses, freelancers and entrepreneurs. WeWork has been remarkably successful. After only eight years since opening its first…
8.2.2018
Drink Up, Portland!
Last week, a colleague and I went on a field trip hosted by the Portland Water Bureau to the Bull Run Watershed, which is the primary water supply for the City of Portland and its multiple wholesale customers (including the City of Beaverton). The…
7.19.2018
It's Looking Like a Long, Dry Summer
By the middle of June, Governor Kate Brown had already issued drought declarations for several counties—Baker, Douglas, Grant, Harney, Klamath, and Lake. By the 10th of July, according to the U.S. Drought Monitor, almost the entire state of Oregon…