Portland developers pitch $100 million homeless campus

A pair of high-flying Portland developers hope to build support for a $100 million-plus homeless campus to serve as a “one-stop-shop” for 1,400 people in search of nightly shelter and on-site assistance.

The unparalleled vision is being pitched by Homer Williams and Dike Dame, who have elevated their careers by delivering grand, if not initially audacious, concepts in the formerly forlorn Pearl and South Waterfront districts.

They’re now fixated on 14 acres of riverfront property owned by the city, hoping to emulate the successful “Haven for Hope” homeless facility in San Antonio, Texas. Williams is pushing the local concept – dubbed “Oregon Trail to Hope” – with a goal of securing some $60 million from businesses and foundations, leaving government agencies to pick up the rest.

“I think we can get it done here,” he said in an interview with The Oregonian/OregonLive Editorial Board on Monday. “It’s not going to be easy.”

If

... read more at: http://www.oregonlive.com/portland/index.ssf/2016/06/portland_developers_pitch_100.html

Home of the Week: Creative Eastport condo is chic and modern with a memorable view

The Phillips couple may be technically retired, but their decorating style is anything but tired.

Standing in their two-story condo, one of the Tecumseh Condominiums in Eastport, Mary-Beth Phillips said, “We decided we didn’t want anything traditional.”

And, it’s not.

This Sunday, their condo will be among nine residences featured on the annual Eastport Home Garden Tour.

From the street, the 1968 structure is a non-de script brick building. Step inside the lobby and what appears to be a large mural of a waterfront scene is actually a real scene seen through wide, floor to ceiling windows.

‘With this ring…’: How Jim Obergefell’s love affair changed marriage forever

“I now pronounce you husband and husband,” said officiant Paulette Roberts as Jim Obergefell, left, and John Arthur are married on the tarmac of Signature Flight Support at Baltimore/Washington International Thurgood Marshall Airport. Photo: The Cincinnati Enquirer

John wasn’t in love with his consulting job in technology, but his job had fuelled his passions. He had grown into something of a local tastemaker and filled his life with whimsical, interesting things, fabric and furniture, clothing and paintings. Saturdays with John were

... read more at: http://www.smh.com.au/good-weekend/good-night-husband-how-jim-obergefells-love-affair-changed-marriage-forever-20160526-gp4h0n.html

Haverhill hopes condos boost Acre – Eagle

HAVERHILL — New housing is sprouting up in several parts of the city.

Old downtown shoe factories have been converted to apartments popular with newcomers to Haverhill. Expensive single-family homes dot the rural outskirts of the community.

But seldom does new construction move into packed inner-city neighborhoods, which lack space or are not seen by developers as good investment.

That’s why city officials are encouraged to see a condo project about to be built in the Acre, an inner-city area that Haverhill officials have targeted for improvement.

The condo project is small — four units — but officials hope it will help plant the seeds for other new developments and neighborhood improvements.

The City Council cleared the way this week for construction of the project to begin. Councilors waived the affordable housing requirement for one unit of the project in a vacant lot at 69 Auburn St. The property is owned by Eric Dorman, president of

... read more at: http://www.eagletribune.com/news/haverhill/haverhill-hopes-condos-boost-acre/article_7167f90b-1347-52b1-8619-af5ea971a658.html

Housing hotspots and rampant speculation could lead to another crush

The prices of real estate in major selected urban centers are still going up. But job growth and wages cannot keep up the pace, in fact, they lag behind very badly. People are earning too little to afford the rent in many major cities, isn’t enough for the rapidly eroding middle class citizens. Rental prices usually commensurate with the value of the real estate property, be it an apartment, condo unit or house. The rentals are getting more expensive as wealthy off shore buyers, local speculators and some very naïve buyers, are driving the real estate housing prices through the roof.

But what if China’s economy crashes, or tightens up loopholes which allow wealthy Chinese parking moneys in the US real estate?

Will the average American middle-class buyer be able to consider buying into already overvalued real estate in those hot-spot cities such as San Francisco, Portland, Seattle,

... read more at: http://www.marketwatch.com/story/housing-hotspots-and-rampant-speculation-could-lead-to-another-crush-2016-06-09

HFF Secures Financing for Montclair Terrace Apartments – Multi

Montclair Terrace Apartments, Portland

Montclair Terrace Apartments, Portland

Portland, Ore.HFF announced that is has secured $21.3 million in financing for a 188-unit garden-style community in southwest Portland, Ore. HFF had previously brokered the sale of the property to the borrower in an all-cash transaction that closed in late 2015.

HFF represented the borrower, a REIT sponsored by Resource Real Estate, to place a seven-year, floating-rate loan with Freddie Mac’s CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

The HFF debt placement team was led by senior managing director Eric Tupler and associate director Erica Christensen. The property might be positioned as an affordable alternative to the high cost of home ownership in the Portland market.

Montclair Terrace Apartments is a 20-building property located at 4835 SW Oleson Road in the prosperous

... read more at: https://www.multihousingnews.com/post/hff-secures-financing-for-montclair-terrace-apartments/

Home Values Increasing More than Expected

Home values are appreciating faster than experts expected, rising almost 5 percent over the past year, according to the April Zillow Real Estate Market Reports. There are 3.4 percent fewer homes for sale in the U.S. than there were 12 months ago.

Zillow forecasted home values would grow 2 percent from April 2015 to April 2016, and outside housing experts said they expect slower growth in coming years. However, Zillow’s latest data show a different trend with home values currently appreciating at 4.9 percent — almost 3 percentage points faster than Zillow predicted a year ago — to a Zillow Home Value Index of $187,000.

Shrinking inventory is the story of the summer home shopping season for those looking to buy a home and entry-level homes have been hit the hardest; the number of entry-level homes for sale is down almost 8 percent over the past 12 months. Stiff competition

... read more at: http://www.cpapracticeadvisor.com/news/12213854/home-values-increasing-more-than-expected

Houston could see one of the largest rent hikes in the nation this year

Rents across the nation are currently at an all-time high, and Houston is especially feeling the pinch. The news hasn’t been that great about apartments and renting in a while, but a new study from RentCafe confirms that Houston is among the 20 metros with the highest projected rent hikes for 2016.

San Francisco, Sacramento, and Portland lead the projected increase, but Houston’s 3.4 percent isn’t anything to celebrate. According to the rental website, the current average rent for a Houston apartment is $1,036.

The question is not if rents are going to rise elsewhere in Texas but how much. In Dallas, No. 4 on RentCafe’s list, that number is forecasted at 7.3 percent, and Austin, No. 11, can expect to see the monthly rental bill rise about 5.8 percent.

RentCafe also says that the national average for an apartment hit an all-time high of $1,181 in March 2016, which is up 5.7

... read more at: http://houston.culturemap.com/news/real-estate/06-08-16-houston-rising-rents-rentcafe-projection/

HFO Brokers Sale of Townfair Apartments for $31M – Multi

Townfair Apartments

Townfair Apartments

Portland, Ore.—Local brokerage firm HFO Investment Real Estate has arranged the sale of Townfair Apartments in Gresham, Ore. for $31 million. The buyer is Los Angeles-based BLF Holdings LLC, interested in expanding its portfolio in the submarket.

HFO Investment Real Estate’s partner Tyler Johnson represented the buyer in the transaction; the seller is Tokola Properties of Portland. The sale of Townfair Apartments represented a price per unit of $116,981 or $139.70 per square foot.

Pool at Townfair Apartments

Pool at Townfair Apartments

Townfair Apartments is a 265-unit residential community that sits on 11.65 acres at 1167 NW Wallula Ave. in Gresham, Ore. The property was built in 1991 and is located within walking distance of shopping and dining venues at Gresham Station and the Civic Drive MAX station. Furthermore, the MAX Light

... read more at: https://www.multihousingnews.com/post/hfo-brokers-sale-of-townfair-apartments-for-31m/

Skullcandy presents the Straight Series featuring Bloc Party

Live Nation has announced that Bloc Party will play the Commodore on Friday, September 16, as part of the Straight Series, presented by Skullcandy.

Bloc Party consists of Kele Okereke (vocals, guitar), Russell Lissack (guitar), Justin Harris (bass), and Louise Bartle (drums).

The British indie-rock group is touring in support of its fifth studio album, Hymns, after a two-year break and change in lineup.

“Bloc Party started with just Kele and I, and we used to write the songs together, and we found other people and grew from that. It feels like that’s happened again,” says Lissack.

They started writing together, just the two of them, in 2014, and were joined at various stages by the two new members who have made Bloc Party a four-piece again: Harris, whom the band met in his previous guise as part of the Portland indie-rock band Menomena, and Bartle, a 21-year-old that the pair discovered on YouTube,

... read more at: http://www.straight.com/blogra/712491/skullcandy-presents-straight-series-featuring-bloc-party