Glass-walled, waterfront penthouse: $2.35 million includes marble tub (photos)

Two subjects arise in any conversation about the glass-encased condo near the top of Portland’s John Ross skyscraper overlooking the Willamette River: The view and the price.

First, it’s impossible to ignore the water and mountain views at 3601 SW River Pkwy #2905. The elliptical-shaped floor plan, like the other units in the 32-story building, maximize lookout opportunities.

Then there’s the price for the luxury aerie, which was put on the market June 21 and remains the most expensive of the building’s units for sale: $2.35 million.

Asking more than triple the purchase price seven years ago, the sellers prove that it pays to wait out a recession.

The owner bought the condo in Portland’s South Waterfront in 2010 for $692,000, according to public records, and added custom stonework and finishes. Standout features include smart-tech systems, custom Italian marble and a steam shower in one of the 2.5 baths.

“It has both a high-tech feel

... read more at: http://www.oregonlive.com/hg/index.ssf/2017/06/pdx_waterfront_penthouse_235_m.html

Saddleback reaches ‘historic deal’ for ski resort’s future

The Saddleback Mountain ski resort outside Rangeley is being sold after not running for the last two winters, and officials plan to release more information about the sale Wednesday.

In a news release Tuesday afternoon, a public relations firm representing the resort said a “historic deal” had been struck for the future of Maine’s third-largest ski area, but provided no additional details.


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The release, sent by the Ethos marketing firm in Westbrook, said a news conference will be held Wednesday morning at the Saddleback Maine Lodge, attended by the resort’s sellers, Bill and Irene Berry, the future owners of the resort and representatives from Maine’s congressional delegation.

Organizers of a partnership of nonprofits have been attempting since the fall to raise $4 million toward the purchase of Saddleback Mountain, including a down payment. The group, called the ... read more at: http://www.centralmaine.com/2017/06/27/saddleback-reaches-historic-deal-for-resorts-future/

Developers have some imaginative ideas for city-owned land in Bayside

Ten stories of so-called micro-housing. Workforce condominiums. Affordable apartments. Modern industrial spaces for “beverage-makers,” artists, aspiring chefs and small business owners. And an office building with solar panels.

These are some of the ideas for redeveloping about 4 acres of city-owned land in Portland’s Bayside neighborhood, which has long hoped for the development of additional housing and neighborhood businesses. The land used to house the city’s Public Works operation, which now is in transition to Canco Road.

On Friday afternoon, the city released details submitted by nine of the eleven developers who responded to the city’s request for development proposals. The applicants will present their proposals to the City Council’s Economic Development Committee on Tuesday afternoon.

Public comment also will be accepted at the meeting, scheduled for 5:30-7:30 p.m. in room 24 at City Hall, said Councilor David Brenerman, who leads the committee. The breadth and diversity of the proposals is an exciting

... read more at: http://www.pressherald.com/2017/06/26/developers-offer-variety-of-ideas-for-city-owned-land-in-portlands-bayside-neighborhood/

Robust US home price gains cool slightly in April – Sarasota Herald

U.S. home prices rose at a healthy clip in April, though the increase slowed a bit from the previous two months.

The Standard Poor’s CoreLogic Case-Shiller 20-city home price index climbed 5.7 percent in April after increases of 5.9 percent in March and February. Those gains were the highest in nearly three years.

Home prices are rising roughly twice as quickly as average wages, a dynamic that may eventually stifle sales by thwarting would-be homeowners. Bidding wars among buyers competing for a limited supply of available homes are driving up costs. Low mortgage rates are also encouraging more Americans to buy homes.

Seattle, Portland and Dallas reported the largest year-over-year gains in April. Home prices jumped 12.9 percent in Seattle, 9.3 percent in Portland and 8.4 percent in Dallas.

“Since demand is exceeding supply and financing is available, there is nothing right now to keep

... read more at: http://www.heraldtribune.com/news/20170627/robust-us-home-price-gains-cool-slightly-in-april

HFO Sets Record With OR Sale – Multi

Brentwood_Springfield-AerialPortland, Ore.-based HFO Investment Real Estate has arranged the sale of Brentwood Estates Apartments in Springfield, Ore., for $40.5 million. That sum establishes a new record as the largest dollar figure in history for a Springfield multifamily property transaction.

The sale represents a price of $137,288 per unit and $116.34 per square foot.

The biggest multifamily community in Springfield, Brentwood Estates is situated at 317 30th Street and is comprised of 76 two-story buildings spread across nearly 24 acres. Featuring duplex, triplex and fourplex construction, the community offers a total of 295 units constructed in four phases spanning the period from 2004 to 2007.

Honestly, we didn’t encounter much in terms of obstacles, but probably the largest was the buyer’s concerns over jumping into a smaller secondary market,” HFO partner Rob Marton told MHN. “It’s a natural concern.”

He added the sale benefitted from the product’s uniqueness.

... read more at: https://www.multihousingnews.com/post/hfo-markets-or-property-for-record-setting-sum/

Home construction in the Valley at highest levels in a decade


PHOENIX – The Valley’s building boom is on.

All across the Phoenix area, more homes are under construction now than at anytime in the last 10 years, even before the housing bust and the Great Recession.

“Oh it’s going really well,” said Jim Belfiore, who owns Belfiore Real Estate Consulting. “We’re seeing growth, rapid growth, as we have for the past couple of years.”

Belfiore said sales of new homes increased 22 percent from April to May.

“Demand is growing rapidly at this time and we expect that to continue,” Belfiore said. “It’s putting a lot of pressure on construction trades.”

And construction workers. The Valley lost 200,000 of them during the recession. Many

... read more at: http://www.12news.com/news/home-construction-in-the-valley-at-highest-levels-in-a-decade/449681986

Developers want to offer ‘approachable pricing’ as part of proposed Minneapolis condo project

It was a two-word phrase in the developer’s presentation to a Minneapolis neighborhood group that got housing and development circles buzzing. 

“Approachable pricing.” 

That is what Downtown Resource Group of Minneapolis and Fe Equus Development of Milwaukee dubbed their plan to offer lower-than-market-rate pricing on 22 of 110 units of a proposed 15-story condo project at the intersection of SE Central Avenue and East Hennepin Avenue. 

In a presentation made to the Nicollet Island-East Bank Neighborhood Association earlier this month, the development team noted that while a one-bedroom condo unit in the building would start at $359,000, the “approachable-unit pricing” for families with incomes well below the city median might be $199,000, while a two-bedroom unit that would have a market price of $409,000 would be priced at $224,000 for those who qualify for the “approachable” pricing.

“We made positive noises regarding the project,” wrote Victor Grambsch, president of the

... read more at: https://www.minnpost.com/politics-policy/2017/06/developers-want-offer-approachable-pricing-part-proposed-minneapolis-condo-p

Valley housing market booming


PHOENIX – The Valley’s building boom is on.

All across the Phoenix area, more homes are under construction now than at anytime in the last 10 years, even before the housing bust and the Great Recession.

“Oh it’s going really well,” said Jim Belfiore, who owns Belfiore Real Estate Consulting. “We’re seeing growth, rapid growth, as we have for the past couple of years.”

Belfiore said sales of new homes increased 22 percent from April to May.

“Demand is growing rapidly at this time and we expect that to continue,” Belfiore said. “It’s putting a lot of pressure on construction trades.”

And construction workers. The Valley lost 200,000 of them during the recession. Many

... read more at: http://www.12news.com/news/valley-housing-market-booming/449681986

Portland demonstrators, members of Congress demand whole truth …

Hundreds rallied in downtown Portland on Saturday at Terry Schrunk Plaza and called for answers about whether President Donald Trump or his associates have improper ties to Russia as part of “March of Truth” demonstrations nationwide.

Gatherings were held in many major American cities, including Washington D.C., New York, Los Angeles and Seattle. Oregon marches were scheduled for Astoria, Cave Junction, Coos Bay, Eugene, Lincoln City, The Dalles and Portland.

Portland’s march was marked by its peaceful tenor, a change from other recent demonstrations that devolved into violence or property damage.

“We are here to ask for one simple thing — truth,” said Sorah Dubitsky, an organizer of Saturday’s rally.

Though not in attendance at the rally, U.S. Sens. Ron Wyden and Jeff Merkley and U.S. Reps. Earl Blumenauer and Suzanne Bonamici delivered statements through aides who were present.

In his statement, Merkley urged protestors to “stay engaged” in politics and demand the truth. It’s

... read more at: http://www.oregonlive.com/portland/index.ssf/2017/06/portland_demonstrators_members.html

Portland demonstrators, members of Congress demand whole truth of potential Trump-Russia ties

Hundreds rallied in downtown Portland on Saturday at Terry Schrunk Plaza and called for answers about whether President Donald Trump or his associates have improper ties to Russia as part of “March of Truth” demonstrations nationwide.

Gatherings were held in many major American cities, including Washington D.C., New York, Los Angeles and Seattle. Oregon marches were scheduled for Astoria, Cave Junction, Coos Bay, Eugene, Lincoln City, The Dalles and Portland.

Portland’s march was marked by its peaceful tenor, a change from other recent demonstrations that devolved into violence or property damage.

“We are here to ask for one simple thing — truth,” said Sorah Dubitsky, an organizer of Saturday’s rally.

Though not in attendance at the rally, U.S. Sens. Ron Wyden and Jeff Merkley and U.S. Reps. Earl Blumenauer and Suzanne Bonamici delivered statements through aides who were present.

In his statement, Merkley urged protestors to “stay engaged” in politics and demand the truth. It’s

... read more at: http://www.oregonlive.com/portland/index.ssf/2017/06/portland_demonstrators_members.html