downtown news...
Nov 14,2008
Neighborhood Association and Community Alert!
by pearlgirl
Portland Public Schools is planning to change their policy concerning the disposition of real property. They are planning to discontinue the notification of the City of Portland, Multnomah County, Portland neighborhoods, and the public when they are planning to declare a property surplus /(see pages 8 - 15 of PPS Final Board Book ). The 1979 Portland City School Policy was developed during the comprehensive plan process and is still ORDINANCE (Ordinance 150580). It states very clearly the intent and importance of a public partnership among School District #1, local government, neighborhoods, and the public. The above policy changes by PPS #1 seem to be in conflict with the City School Policy, Comp Plan and State Law. If you are able, please check into this policy change and let Portland Public Schools know of your opinion about the need for the public to remain part of this process and tell others about it. Thank you very much for any help you can offer, Don MacGillivray<
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posted at 09:43 AM
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Oct 30,2008
New Construction Condos Adjust Pricing
by Agent503
Low occupancy rates among Portland’s new condo developments are increasing the pressure for many developers. As a result prices have started to drop in recent months. Most new construction condos are now discounted by 10-15% and developers are more likely to entertain aggressive offers. Click here to find out more about occupancy levels and price drops at places like The Encore, John Ross, Pacifica and more.
posted at 10:36 AM
1 comments
Oct 22,2008
Gap Widens Between Ask and Sold Price For Portland Condos
by Agent503
In a troubled condo market the gap between ask and sold prices is widening. On average over the last six months sellers have typically ended up settling for 10k less than their final asking price. Some of the deepest discounts have been for properties that have lingered on the market for more than 200 days. Click here to find out more about median discounts at selected condos in Pearl, Downtown and South Waterfront.
posted at 09:43 AM
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Oct 16,2008
City Condos Inventory Update
by Agent503
According to a recent article by the Oregonian , there are 884 new construction units available in central city towers. Based on an average of 14 sales a month over the third quarter, it would take about 5 years to sell Portland’s central city new construction inventory. While the re-sale condo market isn’t exactly experiencing a banner year either, the overall situation is considerably different and altogether healthier than new construction. Find out more about how the re-sale market is faring here .
posted at 09:18 AM
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Oct 9,2008
Former Mortgage Broker’s Home Takes The Prize For “Most Desperate Seller”
by Agent503
Not too long ago this prestigious 7000 sq. ft, 6-bedroom Mt. Tabor home was included in the National Register of Historical Places. It is now bank-owned and has become the mockery of several Portland real estate blogs. The property went on the market in May 2007 for 1.8M. Fifteen months later it is now priced at 899k, a whopping 53% less - the biggest drop among the 160 properties tracked in Portland's Desperate Sellers Database. The bank took over this property when the owner, a local mortgage broker, was unable to...uhmm...meet his obligations. If that ain’t a sign of the times… Find out more about this month's real estate activity and other Desperate Sellers here .
posted at 09:45 AM
2 comments
Oct 6,2008
Downtown Sewer Project Update
by shooter
TriMet had a good idea, coordinate sewer line repairs with the installation of light rail downtown. Many of the lines are over 110 years old and need to be replaced. The project began this past July and is expected to be completed Spring 2009. Here's the schedule for Oct 5 to Oct 11:Sewer Repair/Preparation activities on SW Washington between SW 2nd and SW Broadway avenues) On-street parking and travel lane closures on SW Washington between SW 2nd and SW Broadway the week of October 5 between 9:00 a.m. and 6:00 p.m. Right travel lane open SW 5th Avenue will be closed between SW Washington and SW Stark, tentatively on October 6 for pipe bursting starting about 9:00 a.m.
Sewer Rehabilitation on SW Market between SW 4th and 6th avenues Far right lane closed on SW Market between SW 5th and SW 6th avenues for sewer repair Intermittent lane closures on SW Market between SW 5th Avenue and SW Broadway between 9:00 a.m. and 3:00 p.m. the week of Octobe
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posted at 09:44 AM
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Oct 3,2008
Gerding Edlen CYAN Converts to Apartments
by pearlgirl
Yesterday, Gerding Edlen announced that it will convert its CYAN/PDX project from condos to apartments. This is the 6th condo conversion in Portland: 2121 Belmont , Buckman 3720 Condominiums , South Portland The Harrison , Downtown (one tower of three) The Wyatt , Pearl District Ladd Tower , Downtown Read more at The Oregonian and Portland Business Journal .
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posted at 09:12 AM
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Sep 30,2008
Concerned your neighborhood is losing its character?
by pearlgirl
LOST ANY GOOD BUILDINGS LATELY? Beginning in October, 2008, the Bosco-Milligan Foundation with support from the National Trust for Historic Preservation , will hold a series of meetings across the city of Portland, to gather information from residents who are interested or concerned about historic preservation. Results will be compiled in a Portland Historic Preservation Needs Assessment report. Workshops will be developed to address common concerns and to provide technical assistance and training for residents interested in becoming pro-active preservationists! HISTORIC PRESERVATION NEEDS ASSESSMENT MEETINGS All meetings run from 7:00 - 8:30pm. You are welcome to attend any of these meetings regardless of your geographic location in Portland. For more information, to RSVP, or if you cannot attend but want to submit comments, email Val Ballestrem or call (503) 231-7264. Wednesday October 29, 2008 - Southeast Uplift Neighborhoods Mt. Tabor Presbyterian Ch
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posted at 02:56 PM
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Sep 29,2008
Stay in the Lap of (Eco) Luxury
by pearlgirl
Visitors to Portland may have a new attraction on their list: a luxury hotel with LEED Silver certification. Currently, there are only 10 hotels in the world with this designation—The Nines hopes to be added to this exclusive list. Read about its sustainable features in an article at the Daily Journal of Commerce. Related Posts Preview of The Nines Hotel in Downtown Portland PNCA and The Nines Collaborate The Nines Website
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posted at 08:38 AM
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Sep 24,2008
Portland Voted Greenest City In The U.S.
by Agent503
According to a ranking by SustainLane, Portland is the greenest city in the nation. The rankings track the unfolding story of cities working to improve their residents’ quality of life. Cities with decentralized energy supplies, renewable water sources, abundant mass transit etc score high. Green building and land use policies also play an important role in determining who's green and who's not. Portland's placing at the top may not come as a surprise to many, but the city may not be as green as it's made out to be. Find out more here . Related Info: Portland is the Greenest U.S. City-Well, Mostly!
posted at 01:20 PM
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