Here's what's on our mind.
Update on Portland’s Housing Market – Condominiums and Single-Family Homes
According to recently released market trend reports, the number of condominiums listed for sale in Northeast and Southeast Portland dropped by 20% from September 2020 to December 2020 and the number of units sold increased from 52 in September 2020…
2021 Oregon Legislative Forecast Is Hazy with a High Chance of Storms
The 2021 legislative session is underway, and it’s already shaping up to be one of the most dynamic in a string of dynamic sessions. Before I give you a rundown of the key bills I’m watching for the commercial real estate industry,
Corporate Transparency Act’s Efforts to Combat Crime May Impact Small Businesses
The National Defense Authorization Act, passed by the U.S. House and Senate at the end of 2020, contained a piece of legislation intended to increase transparency into shell companies to combat money laundering and criminal behavior: the Corporate…
Don't Get in a Pickle – Food and Beverage Companies Need to Stay Mindful of Environmental Regulation
They may not realize it, but the manufacturers of many of America's favorite foods (beer, bread, coffee, jerky, salsa, salad dressing, etc.) are subject to a multitude of environmental regulations for food and beverage companies.
Section 1031: What is Real Property? Four Things You Should Know From the New Final Regulations
Effective December 2, 2020, the IRS issued its Final Regulations (the “Final Regs”) clarifying what is real property under Section 1031 of the Internal Revenue Code.
Property Owners, Don’t Get Stuck Double-Paying for Janitorial Services
Imagine you are a property owner or manager over any number of properties. You hire various service providers to perform services such as landscaping, security, cleaning, etc.
Oregon Legislature Extends Residential Eviction Moratorium, Creates Landlord Compensation Fund
On December 21, 2020, the Oregon Legislature passed HB 4401, further extending the moratorium on residential evictions without cause and for nonpayment of rent from December 31, 2020 to June 30, 2021. The law also extends the deadline for repayment…
Multnomah County “Freezes” Eviction Proceedings Through 2020
Multnomah County may be exiting Governor Kate Brown’s COVID-19 “freeze,” but eviction proceedings in Oregon’s largest county remain largely on hold until after the New Year.
Oregon Establishes Fund to Help Homeowners Pay Their Mortgages
On November 19, 2020, the Oregon Housing and Community Services Department (OHCS) announced a $20 million fund called the Oregon Homeowner Stabilization Initiative (OHSI) to help homeowners who are behind on their mortgage payments.
Residential Eviction Extension Proposal Includes Landlord Relief
Oregon House Bill 4213, as extended by Governor Kate Brown’s Executive Order 20-56, currently prohibits eviction of residential tenants for non-payment of rent through December 31, 2020, as previously discussed. However, with COVID-19 raging on and…
Oregon Rethinks the Future of Recycling
Even though Oregon is considered the third greenest state in the United States, and a national leader when it comes to recycling, Oregon’s waste-management programs are not actually recovering all of the state’s recyclable wastes. The cause of this…
Last Coal-Fired Power Plant in Oregon Shuts Its Doors Forever
On October 15, 2020 at 11:56 a.m., Portland General Electric Company shut down the coal-fired Boardman electricity generating station for the last time. Boise-based Idaho Power, which serves customers in eastern Oregon, is a minority owner in the…
Banks Sue Over Oregon’s Foreclosure Moratorium
Two recent lawsuits filed in the U.S. District Court for the District of Oregon illustrate that Oregon banks are none too pleased about HB 4204. This legislation, passed by the Oregon legislature in June 2020, prohibits residential and commercial…
Oregon Eviction Ban Extended for Residential But Not Commercial Tenants
On September 28, Governor Kate Brown issued Executive Order 20-56. Citing the ongoing COVID-19 pandemic and the recent state wildfires, the Order extends the existing ban on eviction of residential tenants for non-payment of rent until December 31…
Fannie Mae Extends Temporary Moratorium on Residential Foreclosures and Evictions
At the end of August, Fannie Mae announced an extension of a temporary moratorium on residential foreclosures and evictions that was originally set to expire on August 31, 2020. The moratorium applies to single-family mortgages backed by Fannie Mae…
Oregon Foreclosure Moratorium Extended Until December 31, 2020
On August 31, Oregon Governor Kate Brown issued Executive Order 20-37, extending prohibitions on residential and commercial foreclosures in Oregon through December 31, 2020. This Order was issued under the Governor’s authority given by Oregon…
Efforts Continue to Address Toxic PFAS in the Pacific Northwest
In February 2019, the U.S. Environmental Protection Agency (“EPA”) released a comprehensive action plan to address toxic per- and polyfluoroalkyl substances (“PFAS”). In February 2020, EPA released a program update discussing its progress.