Thursday, April 19, 2018

Multifamily NW Apartment Report: Metro Vacancy Rate Increases to 4.85%

The Multifamily NW Spring 2018 Apartment Report was released on Wednesday, April 18th. Vacancy rates in area sub-markets, in the southern Willamette Valley and in Bend/Redmond was reported as follows:

Average rent per sq. ft. for all areas combined was reported at $1.56, reflecting a 3.31% increase from a year earlier. The 3.3% average rent increase is consistent with data reported by the national data collection firm REIS Inc. for the most recent 12-month period.

Tuesday, April 17, 2018

HFO Announces Annual Charitable Contributions

The HFO team volunteers at Oregon Food Bank (Feb. 2018)
At the close of each apartment transaction, HFO Investment Real Estate contributes to a charity selected by the firm’s client.

In addition to distributing thousands of dollars in this manner each year, HFO contributes large lump sums to charities suggested and voted on by its team members.

In 2017, the HFO charitable fund  focused making major donations to organizations serving homeless families. The HFO team continues that trend in 2018 and voted to continue supporting organizations serving homeless youth and families of the Portland metro area.

Recent major donations of cash and/or volunteer time have been made to:
  • Outside In
  • Morrison Child and Family Services
  • Providence Cancer Research Center
  • Big Brothers/Big Sisters Columbia Northwest
In the past 12 months, HFO and its partners and managers have supported local charities with cash donations exceeding $65,000.

Additional non-profits supported by HFO and its 2017 charity fund include:
  • American Red Cross
  • College Housing Northwest
  • Community of Hope
  • Doctors Without Borders
  • Friends of the Children
  • Junior Achievement of Oregon and SW Washington
  • Rose Community Development
  • New Avenues for Youth
  • Oregon Food Bank
  • Oregon Humane Society
  • Portland Rescue Mission
  • Randall Children’s Hospital Foundation
  • Royal Rosarian Foundation
  • Shriners Hospital for Children
  • Stand for Children
  • United Way
  • Wounded Warrior Project
HFO specializes in multi-family investment properties, and passionately pursues client success through strategic collaboration. The company is known for its ability to attract the largest possible pool of buyers. HFO is a thought-leader in its category and offers additional client benefits, including complimentary industry-specific events, market news, and original programming via HFO-TV and its Multifamily Marketwatch Podcast. From its inception, HFO has operated in sharp contrast to most of its industry competitors, using intra-office collaboration to provide service to a wider range of customers, through sales velocity and loyal client relationships.

Oregon Unemployment Rate at 4.1% for Fourth Straight Month

Oregon's state unemployment rate is 4.1% for the fourth straight month, and the rate remains the lowest on record. The state added 4,200 jobs in March, with retail, auto sales, and manufacturing seeing the highest gains. The U-6 rate, which tracks discouraged workers who have dropped out of the labor force, is also at a historically low rate of 8.3%. Read more.

Meet HFO's Jennifer Shuch, Senior Research Analyst

HFO Senior Research Analyst Jennifer Shuch is profiled in this HFO team member introduction video.

Monday, April 16, 2018

Multifamily Marketwatch Podcast - April 16, 2018

This week:Seattle has passed a law requiring landlords to separate rent and parking fees, allowing renters to opt-out of paying for parking; the Sherwood City Council wants Metro to expand its urban growth boundary by adding 373 acres south of Sherwood High School and a study by CityLab indicates housing scarcity and affordability are more global than local in nature.

Check out this episode!

Thursday, April 12, 2018

Nation's Largest Bedbug Judgment Against Landlord Occurs in California

A $1.6 million judgment against a landlord was handed down last week by a California jury. The $1.6 million judgment was the largest in U.S. history for a single infestation. Read more.

Wednesday, April 11, 2018

U.S. News and World Report Ranks Portland #6 "Best Places to Live" for 2018

Portland's weirdness--including Voodoo donuts, the adult soapbox derby, annual naked bike ride and even our average commute time--all figured into U.S. News and World Report's ranking of the city as a Best Place to Live in 2018. Read More.

Update from More Housing Now! [Video]

Creating the political climate that will increase, rather than restrict, housing construction may be even more difficult in 2019 than during the 2017 legislative session.

The key to creating more affordable housing remains construction of more housing. HFO Partner Greg Frick and John McIsaac of More Housing Now! discuss the issue.