Condo Conversion

From the Portland Business Journal:
Today, Portland has about 2,500 unsold condominiums, a figure that includes developers’ inventories and another 1,000 “phantom units,” which refers to condominiums bought by investors who intended to turn a quick profit and who apparently are holding out for the market to return.Assuming Portland buyers have an appetite for 700 to […]

From the Oregonian:
Portland’s sputtering condo sales and surging apartment market have pushed the city’s most prolific developers to turn a 31-story condo tower into luxury apartments.It’s the fifth such switch since March 2007.Developer Mark Edlen said he and his investors will make the glassy tower — known as the 3720 — the first apartment building […]

A ONCE IN A LIFETIME OPPORTUNITY!
Take advantage of this unique investment opportunity on over eight acres within the city limits of Bend, Oegon. JJ Court, at the corner of Butler Market Road and Boyd Acres Road in the beautiful city of Bend, is the ideal opportunity just waiting for the right person. All of the […]

From the Oregonian:
Portland’s slowing real estate market pushed investors to turn a third downtown tower from for-sale condos to rental apartments, a California investor announced Wednesday.JB Matteson Inc. has purchased a 24-story, 185-unit tower from Portland Center Investors, a group that included Portland developer Homer Williams. The tower is part of a three-building complex that […]

From the Columbian:
An east Vancouver residential complex is being converted from apartments to condominiums, according to its owner, Portland-based Ironwood Partners LLC.The two- and three-bedroom condos in the 60-unit complex will sell for $148,000 to $165,900.The Evergeen East condos are on the west side of Northeast 157th Avenue, about one block north of Mill Plain […]