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…
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…
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…
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…
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.
Portland's Residential Real Estate Market Responds Surprisingly to COVID-19
The COVID-19 health crisis has indelibly affected society, impacting our behaviors, habits, and priorities. Unlike previous recessions, our relationship to spending and saving may be markedly different in our current circumstance. One clear example…
The Battle Continues Between Residential Landowners and Industrial Polluters
In April, the U.S. Supreme Court published their opinion in Atlantic Richfield v. Christian, further tangling the rules of engagement in the fight between residential property owners and industrial polluters.
More Proof that Environmental Site Assessments Are Critically Important in CERCLA Cases
In 1980, Congress enacted the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), frequently referred to as Superfund. This legislation was passed in response to mounting concerns regarding releases or threatened…
COVID-19 Creates Short-Term Liquidity Problems in Commercial Real Estate
It is the first day of May, and in normal times the rent would be due again. But these are far from normal times, and in many cases the likelihood that rent will actually be paid (or paid in full) is quite low. As tenants search their couches for…
Mortgage Rates Drop as the Coronavirus Epidemic Grows
As cases of COVID-19, also known as coronavirus, surpass 5,000 in the United States as of March 17 and global stock markets tumble amidst concerns over economic uncertainty, the Federal Reserve has taken measures to address economic turmoil. Most…
Updates on Portland’s Clean Energy Fund
In the fall of 2018, Portland voters approved the Clean Energy Initiative to establish the Portland Clean Energy Fund (“PCEF”). The initiative requires Portland retailers with total annual revenues over $1 billion and Portland annual revenues over…