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Interstate Bridge Replacement, Federal Highway Administration, Bridge Investment Program, Columbia River, U.S. Department of Transportation
AECFeaturedIndustry NewsPortland

ODOT Draft Estimate Pushes Rose Quarter Freeway Project to $3.6B, Leaving Nearly $3B Unfunded

A draft internal cost memo prepared by the Oregon Department of Transportation and posted publicly this week values the remaining unfunded work on...

facade of apartment building
AECIndustry NewsPortlandResidential

Related Northwest, Clackamas Housing Authority Open 275 Affordable Homes at Hillside Park in Milwaukie

First phase of 14-acre redevelopment delivers two complexes backed by $41.6MM in Metro Bond funding, with more than 225 additional units to follow...

View of Portland
AECFeaturedIndustry NewsPortlandResidential

CPAH Breaks Ground on 96-Unit Jamii Court Family Housing Project in Southwest Portland

Nonprofit developer converts former motel-turned-shelter into a five-story, family-focused affordable community backed by $15.1 million in Metro Bond funding Community Partners for Affordable...

Evening Portland airport with lights reflecting in the water of the Columbia River, spring flowering tree in the foreground and hills covered with trees against the dark blue sky
AECIndustry NewsPortland

PDX Activates South Baggage Claim Escalators, Closing in on End of $2.15B Terminal Overhaul

The Port of Portland switched on the south-side escalators May 8, leaving a north-side counterpart and final punch-list items between the airport and...

Sares Regis, Sares Regis Multifamily Value-Add Fund IV, Teachers’ Retirement System of Louisiana, Hamilton Lane
FinanceIndustry NewsPortlandResidential

72-Unit New Construction Q1 Apartments Hits Market in Hillsboro’s Silicon Forest Corridor

The 2024-built multifamily asset along Quatama Road offers all two-bedroom units near Intel’s Ronler Acres campus and the MAX Blue Line A 72-unit...

A drawbridge spanning the Columbia River. Portland, Oregon and Hayden Island is to the south as viewed from the Washington State side of the river in Vancouver, WA
AECFeaturedIndustry NewsPortland

Interstate Bridge Replacement Cost Estimate Soars to $14.4 Billion as Governors Commit to Phased Construction Strategy

Washington and Oregon leaders narrow initial focus to $7.65 billion core bridge and light rail project, leveraging $5.5 billion in existing funding to...

CommercialFinanceIndustry NewsPortland

TriMet to Acquire Former Greyhound Terminal in Portland for $7MM with Plans for Bus Layover Facility

Portland transit agency scores deal on property that was once under contract for $35 million TriMet is moving forward with plans to purchase...

A photo of Beaverton, Oregon, USA, at sunset, a suburb. A photo from a height
AECCommercialIndustry NewsPortlandResidential

Beaverton Urban Redevelopment Agency Plans 231-Unit Mixed-Income Lombard West Project

City-owned 2.03-acre site near Beaverton Transit Center heads toward a $100 million redevelopment with mass timber buildings, commercial space, and a new public...

A photo of Beaverton, Oregon, USA, at sunset, a suburb. A photo from a height
AECIndustry NewsPortlandResidential

Security Properties to Build 160-Unit Apartment Complex in Beaverton

Seattle Developer signs exclusive agreement for $60 million mixed-use project near transit hub Mixed-use developments near transit stations continue to reshape suburban Portland...

Skyline of Portland, Oregon
AECIndustry NewsPortlandResidential

Portland’s 94-Unit Albina One Opens Doors to Displaced Residents in Historic Neighborhood

Seven-story affordable housing complex represents $14.4 million investment in addressing decades of displacement in North Portland’s Black community When the ribbon is cut...

Skyline of Portland
AECIndustry NewsPortlandResidential

Developer Revives Stalled Apartment Project on Portland’s Central Eastside with 154-Unit Proposal

154-unit building would provide affordable housing on long-vacant Burnside Street site A Portland developer is moving forward with plans to construct a 154-unit...

pramod-tiwari-qDMcwtzNdt0-unsplash-bus
CommercialFeaturedIndustry NewsPortland

TriMet Ridership Down 33%: Portland Transit Agency Faces Potential Service Cuts by 2027

Portland’s regional transit agency TriMet continues to struggle with significantly reduced ridership more than five years after the pandemic began, signaling potentially dramatic...

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PNW CRE Rising Stars

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