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Multifamily rents, vacancies hold steady in Portland area
New data show a stable multifamily market in the Portland-metro area, with little change in rents or vacancy rates, while construction deliveries and investment sales fell.
Lake Oswego multifamily building fetches $66 million
Sentinel Real Estate has acquired the 158-unit Willow Apartments. It was designed by GBD Architects and built by Deacon Construction before opening in 2024.
Fight over Portland design review process looms
Portland design commissioners are preparing to state their opposition to a proposal for a two-year suspension of mandatory design reviews to help facilitate housing production.
Key commercial projects advancing in Salem
The six-story Citizen Apartments project in downtown and the Kuebler Village mixed-use development are among those now under construction.
Washington County multifamily property sells for $18.85 million
An 85-unit apartment complex in Washington County has been purchased by Oakland, California-based Crown Point Real Estate Partners. Approximately 40 percent of the units in the 48-year-old complex were renovated by the seller.
Vancouver multifamily property trades for $35.45 million
A Portland-based business has purchased a 160-unit apartment complex in Vancouver, Washington, in a transaction that values the asset at $221,563 per unit.
Portland-based Guardian joins PCCP to purchase Ladd Tower
A 23-story, 332-unit residential high-rise in downtown Portland has sold for $63 million.
Portland’s suspension of fees spurs mixed-use development
The city's moratorium on system development charges is motivating developers such as Joe Westerman, who is proposing to construct a multistory mixed-use building with 158 apartments on Northeast Sandy Boulevard.
Northeast Portland multifamily building fetches $30.7 million
Grant Park Village Quimby, a 167-unit apartment building in the Sullivan's Gulch neighborhood, recently was purchased by a California investment firm.
Tigard multifamily property sells for $10.85 million
HFO Investment Real Estate handled the transaction. Rob Marton, partner, represented Trion in the sale, and Greg Frick, co-founder and partner, managed the process for the purchaser of the property.
More affordable housing, one way or another
While one developer is shifting affordable units from two projects into a third, another is filling two projects with such units.
Portland-area apartment market softens
Vacancy rates for apartments in the Portland-metro area surged past 4 percent in February, and rents flattened as multifamily property owners and managers adjusted to a flood of units coming online.
News
- Multnomah County commits up to $101.6M for Moda Center
- Portland code changes to take effect in November
- Los Colibris project approved for Portland’s OMSI District
- Pacific Northwest projects totaling $9.9 million in top bidders | Aug. 7, 2026
- Oregon opens infrastructure grant program
- Ex-TV host claps back at Detroit officials in blight case
- 31-unit multifamily project in Portland land use review intakes | Aug. 3, 2026
- $2.4 million office renovation in Portland building permits | Aug. 3, 2026
- Transportation commission weighs ODOT budget cuts
- Lam Research planning $1.7 billion investment in Tualatin
- Pacific Northwest projects totaling $10.6 million in top bidders | July 31, 2026
- Many Oregon counties struggling to maintain their fairgrounds
Commentary
- Beware of when the debt collector comes calling | Opinion
- Assembly of a future workforce begins with an invitation | Opinion
- Beware of overlooking legal requirements for remote workers | Opinion
- Become a critical thinker and transform a workplace | Opinion
- Managing construction risks with international suppliers | Opinion
- A rally with many engines: the lesson of 2026’s first half | Opinion
- Oregon housing challenges persist despite sound and fury | Opinion
- When does an employee’s bullying become harassment? | Opinion
- Ditch disorganization 鈥� the cost of deferred decisions | Opinion
- Consider 10 common risks for healthcare construction projects | Opinion
- Clarifying the reach of a law regarding prevailing wage | Opinion
- Adjust to legal changes now to ensure compliance later | Opinion
