PORTLAND
Abandoned 148-Unit Burnside Project Underscores Portland’s Worst Construction Drought in 15 Years
A developer’s decision to walk away from a five-story apartment complex on East Burnside Street reflects the financial headwinds stalling residential development citywide,...
TJX Companies’ 74,000 SQFT Grocery-Anchored Clackamas Square in Happy Valley Brought to Market
The WinCo Foods shadow-anchored neighborhood center draws more than 3.4 million annual visits and projects a 6.3 percent five-year NOI compound annual growth...
Existing Home Sales Post Modest February Rebound but Affordability Headwinds Persist
A pickup in single-family resales drove the monthly gain, though condo sales contracted for a second straight month and mortgage application data signals...
U.S. Consumer Spending Held Firm in January Despite Headline Retail Dip
Underlying U.S. consumer spending started 2026 on steadier ground than a top-line retail sales decline suggests, though early February data point to a...
Seattle Ranks Fourth Nationally for Homebuyer Outflows as Pacific Northwest Migration Patterns Shift
Redfin’s Q4 2025 migration report reveals Seattle posted a net outflow of more than 19,000 home searchers, while Spokane emerged as a top-10...
U.S. Payrolls Contract by 92,000 in February as Labor Market Stumbles, Fed Outlook Dims
Wells Fargo Economics says one-off factors only partially explain the unexpected decline, with the Iran conflict adding new complexity to an already uncertain...
Portland City Council Unanimously Approves Zoning Map Changes on 19 Nonprofit-Owned Sites to Accelerate Affordable Housing
The Affordable Housing Opportunities Project removes zoning barriers on properties owned by public agencies and nonprofit housing providers, arriving amid a sharp decline...
Portland Design Commission Unanimously Approves Master Plan for 29-Acre Lloyd Center Demolition and Mixed-Use Redevelopment
Owners envision more than 5,100 housing units, 457,000 square feet of retail, and a 2.3-acre urban park on the site of the Pacific...
Wells Fargo Forecasts Modest Housing Recovery in 2026, but Affordability Remains at Historic Lows
A new Wells Fargo Economics report projects incremental gains in home sales and price appreciation, even as the national home price-to-income ratio remains...
Portland’s Temporary Fee Waiver Attracts 1,720 Housing Units as City Targets 5,000 Unit Production Goal
Portland Permitting & Development released its first report on Feb. 27 describing the early results of a new financial incentive, enacted last summer,...
U.S. Manufacturing Holds Expansion Streak as Prices Paid Surge on Steel, Aluminum, and Tariff Pressures
The ISM manufacturing index posted back-to-back expansionary readings for only the second time since 2022 U.S. manufacturing activity remained in expansion territory for...
Sculptor Capital Acquires 506-Room Portland Marriott Downtown Waterfront for $30MM in Distressed Sale
The landmark waterfront hotel at 1401 S.W. Naito Parkway traded at approximately $59,300 per room — a 64 percent discount from its $82.7...
