by Bernard Gehret | Jun 4, 2020
The Center for Real Estate at Portland State University released their Flash Poll for June, the university created the poll to understand the COVID-19 virus, here is their statement below: This report presents the results for our monthly flash poll conducted at the...
by Bernard Gehret | Jun 3, 2020
The Multnomah County Economic Indicators May report was just released, and there are no surprises: unemployment is way up, and building permits were way down (major decrease in single family home permits). The office is predicting high unemployment for the next few...
by Bernard Gehret | Jun 2, 2020
I suscribe to a number of economic journals and publications, and this month’s rent report from Apartmentlist.com has the following highlights (note the methodology for this information skews towards “luxury” apartments): Rents in Portland have...
by Bernard Gehret | Jun 1, 2020
Cliff Hockley, from Bluestone and Hockley Property Management, wrote an article that summarized a few key points for landlords in Multnomah County, Portland, Oregon: March collections were normal April collections were at 85% (vs. the normal 95%) What I really liked...
by Bernard Gehret | May 20, 2020
These are strange days indeed! I speak to investors daily, and the main question they are asking is “What is really going on out there in the apartment market?” Here is what I am seeing during the COVID pandemic: Deals are still closing. Our firm...
by Bernard Gehret | Apr 23, 2020
SOLD: The 69 unit apartment building located on Highway 101 in Lincoln City, Oregon, sold for $4,250,000. Listed on the National Register of Historic Places, the property was originally completed and opened for business in 1935, with a major addition in 1984. The...
by Bernard Gehret | Feb 28, 2020
FOR SALE: The twelve unit Lindsey Park Apartments is offered for sale at $2,500,000. This twelve unit listing features a mix of two bedroom one and half bath units, three bedroom two and a half bath units, plus a three bedroom house on the same tax lot. There are...
by Bernard Gehret | Feb 5, 2020
FOR SALE: The eight unit multi-family building is located at 845 NW Gerth Avenue, Salem, Oregon, being offered at $880,000. This eight-unit listing features a mix of four, one-bedroom units, and four, two-bedroom units located in a fantastic West Salem location,...
by Bernard Gehret | Feb 4, 2020
FOR SALE: The Goodrick-Spencer Apartments and the Scruggs Townhomes are being offered as one, 75 unit property for sale, located at 608 NE 87th Avenue, the listing price is $14,500,000. The 52-unit Scruggs Townhomes and 23-unit Goodrick-Spencer Apartments occupy...
by Bernard Gehret | Nov 19, 2019
SOLD: The fourteen unit mixed use (two commercial spaces, and twelve apartment units) building, “The Broadway Apartments”, located at 2007 NE Broadway Street, Portland, Oregon sold for $2,492,500. PROPERTY FEATURES: The fourteen unit building was...
