Here's what's on our mind.
The Building Blocks of Real Estate Development – Planning and Zoning
Our Real Estate Review miniseries continues with a look at the challenges developers often encounter due to local zoning and other land use regulations. In Oregon, zoning and permitting regulations are mostly set by local city or county governments…
Due Diligence for Messy Commercial Property Purchases
As we continue our look at the legal environment for Oregon Real Estate we’re going to get a little messy and explore the due diligence recommended for buying property that may have environmental contamination. In the Sale and Purchase section of the…
What’s Driving Real Estate in the Portland Metropolitan Area?
When it comes to big buildings, the suburbs have been where the action is. The largest projects and transactions in the past twelve months have been in the Portland area's western suburbs.
Checking in on Oregon’s Real Estate Environment
Oregon continues to benefit from one of the nation’s most attractive residential and commercial real estate environments. We have had, and will continue to have, ebbs and flows just like any market, as we discussed here. But the region's general…
There Really Is Enough Sunshine to Go Around, People
Crops need sun. Solar panels need sun. One would think there is enough sunshine, even in rainy Oregon, for everyone. But at the urging of some strict farmland preservationists, the Oregon Land Conservation and Development Commission recently adopted…
Can Oregon Processors Keep Up with Oregon Hemp?
Oregon's next bumper crop may end up being industrial hemp, the nearly THC-free cousin of marijuana, grown for recreational andr medical use. With planting season 2019 in full swing, Oregon farmers have registered to grow around 50,000 acres of hemp…
Federal Tax Law Drafting Error Punishes Commercial Developers
The Tax Cuts and Jobs Act, signed into law in December 2017, promised radical changes to the federal tax code. Many of its goodies were aimed and the real estate industry, but because of a critical drafting error, many commercial landlords and…
Green Infrastructure: Is There an App for That?
Portland is a leader in managing stormwater runoff with green infrastructure. Nearly 20 years ago, the City began a serious effort to adopt green infrastructure – such as pervious surfaces, bioswales, vegetated infiltration galleries, and other…
Portland's Manufacturing Growth Is Impressive, but Not for Everyone
According to the March 2019 Multnomah County Economic Indicators report, the Portland manufacturing sector has grown impressively since the great recession, having created close to 250,000 jobs since 2010.
Despite Rumors that it often Rains, Oregon Really Is a Solar Paradise
The Oregon Department of Energy has created a web tool showing the phenomenal growth of solar energy in Oregon in the last 20 years. In 1999, 15 tiny solar facilities were all that existed in the state. By 2018 the state appears to be carpeted in a…
On the Horizon – Reauthorizing the Federal Terrorism Risk Insurance Program
Accurately forecasting and predicting terrorism exposure within the United States is difficult, to say the least. To make matters more challenging for the commercial real estate industry, reinsurers largely stopped reinsuring terrorism insurance…
Oregon Adopts First in the Nation Rent Control Law
With the Governor's signature on Senate Bill 608 on February 28, Oregon became the first state with a statewide rent control law. The new law took effect March 1 and is applicable only to residential tenancies.
Nation's Largest Living Building Is Coming to Portland
A team of Portland's heavy hitters has proposed a new five-story structure in Skidmore/Old Town that could be certified as Portland's first living building. The project team for the PAE Living Building include Gerding Edlen, Walsh Construction…
Daimler Portland Takes Lead in Automated Trucking
Daimler Trucks North America, headquartered in Portland, recently added 200 jobs to its Automated Truck Research and Development Center here in Rip City. Daimler announced the job growth while unveiling its new Freightliner Cascadia automated truck…
Portland to Significantly Revamp Historic Preservation Code
The City of Portland has about 10,000 buildings, bridges, cemeteries, landscapes, and other resources that have been designated as historic. Of those, about 5,000 are "documented" on the City's Historic Resource Inventory, which was created in 1984…
Where Will Right Brainers Thrive?
You have likely been reading many articles and editorials recently about how the gentrification of Portland's downtown and neighborhoods has forced artists out of once inexpensive creative spaces. City Hall is poking around at some remedies. But now…
LIBOR’s Days Are Numbered - What Should a Commercial Borrower Do?
LIBOR, a key interest-rate benchmark for commercial loans, is published daily by the UK’s Financial Conduct Authority (FCA). After December 31, 2021, the FCA will no longer require banks to submit their daily rates, which FCA uses to calculate LIBOR…