Downtown Portland’s vacancy rate stood at approximately 26% in the second quarter of 2022, up from 13% during the same period in pre-pandemic 2019. Additionally, another two million square feet of downtown office space may...more
NOTE: On May 19, Governor Brown signed SB 282 into law.
As the COVID-19 vaccine roll-out continues and summer approaches, there is optimism that life may slowly be returning to normal—or at least a new type of normal....more
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...more
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...more
10/21/2020
/ Banks ,
CARES Act ,
Commercial Real Estate Contracts ,
Coronavirus/COVID-19 ,
Eviction ,
Foreclosure ,
Model Contract Clauses ,
Moratorium ,
Oregon ,
Residential Real Estate Contracts ,
Sovereign Immunity
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...more
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...more
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...more
The Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES Act”) was enacted on March 27, providing a suite of protections and relief for everyday Americans and the economy at large. While most coverage has focused...more
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...more