The latest news of interest to multifamily housing investors in Oregon and Washington.
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Monday, April 11, 2011
Brand New 18-Unit Eco Flats Completely Leased Within 30 Days
Eco-Conscious Portlanders have snapped up 594-sq. ft. 1-bedroom apartments for $1,000 month and 770 sq. ft. 2-bedroom units at $1,550/month. All 18 flats of the city's first net-zero apartment build leases up in 30 days -- before it's even ready to be lived in. The lease-up smashed banker's predictions of a 1-year lease-up timeframe. Read more in the Daily Journal of Commerce.