SAN FRANCISCO-The 2001 forecast report predicts that real estate market fundamentals will remain healthy in the next 12 to 18 months, although increased risk exists due to the economic slowdown and corrections in the technology and dot-com sectors.
PORTLAND-If the Metro Council's forecast is accurate, come 2025, more than 809,000 people will spring up in the four county-area that includes a portion of Southwest Washington. The study also predicts a 120% jump in home prices.
BEAVERTON, OR-Meanwhile, the 217-acre Birthcer Properties' development continues to expand. Three industrial-flex buildings and a third class A office building are under construction within the business park that so far contains 18 completed buildings.
YAMHILL, OR-The Mitchells plan to sell the lodge, airstrip, motel and some of the campground. The asking price is $4.6 million. The family plans to retain its homes and stables, and will continue to offer horseback rides.
PALO ALTO, CA-James Koch, formerly with Cushman & Wakefield's local office, became managing director of the investment bank's new brokerage operation on Jan. 2. CSFB added brokerage services with its acquisition of Donaldson, Lufkin & Jenrette Inc.
PORTLAND-Don Maltase has been appointed president of The Commercial Association of Realtors for Oregon/SW Washington. Maltase, a partner in C&R Real Estate Services Co., has been actively involved with the Association for six years.
LIVERMORE, CA-Phoenix-based Opus West Corp. bought the property from the Iacono Family Trust. Opus plans to use the acreage for development of a six-building industrial complex. Construction should begin in April, with completion of the first phase scheduled for December.
BEND, OR-According to spokesperson for the would-be buyer, Mt. Bachelor Inc. is in early-stage negotiations for the sale of the resort to Powdr Corp., owner of the Park City Mountain Resort in Utah.
PORTLAND-The subsidiary of Eugene-based Pap Group says the expansion is in response to growing demand for aircraft services. The company operates aircraft sales, parts and service centers in Portland and Eugene.
LOS GATOS, CA-The on-line commercial real estate services company is still open for business, but it's running on a skeleton crew in an attempt to preserve cash flow while talks with interested buyers.