Monday, November 30, 2009

Some Multifamily Developers Resume Construction

The city of Portland has approved a six-story apartment project that will bring 138 affordable apartments to the Pearl District.
The $53.3 million Pearl Family Apartment project will be constructed at 1550 N.W. 14th Ave. The project is in the River District urban renewal area and will receive a 60-year low-interest loan of $19 million. Walsh Construction will build the project with developer Ed McNamara.

Meanwhile, REITS are preparing digs for mid 2010 in several areas of the country. Read More > > >