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Columbia Distributing's new Portland metro area warehouse, an approximately 530,000-square-foot facility located at SE 1st Ave. and S. Walnut in Canby, is set for completion in fall 2020.
While HUD estimates that opportunity zones could spur as much as $100 billion a year in investments, evidence suggests this is far from being realized, so new rules seek to clear up the confusion that was holding investors back.
CrowdStreet crossed the $500 million threshold in total online investments last month, with many of the funded projects under the radar of large institutional equity investors.
Portland remains a key target market for Vista as it represents a relative value compared to more mature markets of Seattle and the Bay Area, while demonstrating similar market fundamentals and demographics.
The most negative reviews were found in Washington and Oregon, with average ratings of 2.1 and 2.3 respectively, but nationwide, the average reviews sit right in the middle of the scale at 3.2, says Rent.com.
Confluent factors such as the 22-acre ESCO property sale, the new 60,000-square-foot Redfox Commons creative office development and a possible streetcar expansion make the Northwest District appealing.
Located at the eastern edge of the desirable Sunset Corridor, the class-A Cornell West office building has a consistent history of stable tenancy, making it a safe bet for institutional buyers, says its JLL lead broker.
Heartline's office and retail unit sold to Intercontinental Real Estate Corporation on behalf of its managed fund, US Real Estate Investment Fund LLC; the seller was Security Properties Development Co.
Micro-unit dwellings and co-living space represent a big part of the future for the multifamily industry, especially in urban markets where there is a significant live-work-play appeal but yet people are being priced out.