Property Management Systems

The Zidell family, the owner of 33 acres of South Waterfront land slated for development, has proposed a $20 million 118-unit apartment building aimed at young professionals and Oregon Health & Science University employees and students. The seven-story building would be located at the corner of Southwest Moody Avenue and Southwest Grover Street near the …

Apartments are a little easier to come by in the Portland area, but that’s not slowing down rent increases across much of the market. According to the Metro Multifamily Housing Association, which released its latest survey of apartment managers and owners Wednesday, vacancy across the metro area grew to 3.72 percent from 3.34 percent late …

TUALATIN — Brace yourself, city slickers — a southwest suburb may be the next big thing in the Portland area’s rental housing market. Tualatin is in talks for three major developments, city officials say. Two are expected to start building as soon as this summer. The housing ranges from luxury to senior and assisted living …

The Powell family behind Portland’s independent bookstore chain of the same name has proposed an apartment building on the former site of its technical bookstore. The existing two-story building at 33 NW Park Ave. would be demolished replaced with a seven-story, 60-unit apartment building with ground-floor retail storefronts. The $7 million project will be presented …

Lisa Conway and her husband twice tried to sell his old house when they  moved in together, but they couldn’t get enough to pay off the mortgage. So they switched their for-sale sign with a for-rent sign. The couple never wanted to be landlords. Like many of the Portland  area’s newest landlords, they’re more used …

A developer’s plan to construct an 82-unit apartment building at Southeast Division Street and 37th Avenue has drawn the ire of nearby residents who say the project will clog streets and leave less parking. The four-story building will include a small portion of retail space and three stories of apartments, with studios, one-bedroom and two-bedroom …

Portland-based Langley Investment Propertiesis planning to build about 750  apartments in the heart of the Lloyd District. The project, on behalf of a San Diego-based real estate investment trust, is one of the largest single  apartment projects in the city’s history. A mixed-use project on the Lloyd District “superblock” site has been in the works …

Rental vacancy and homeowner vacancy fell in the Portland area in 2011, according to the U.S. Census Bureau, while the homeownership rate stayed the same. Rental vacancy fell to 3.4 percent, the city’s lowest rate since 1995 and the second-lowest in the nation. The National Association of Realtors also reported last week that the Portland …

Renter’s Hell Portlanders pay a steep price in the nation’s toughest rental market. Out of Pocket Related to:rentrental marketreal estate The first place Lindsay Bozanich finally found to rent this year came with fingernail clippings in the bed.They probably belonged to the former resident of her $800 Murphy  bed-equipped studio apartment on Northwest 22nd Avenue …

Economic indicators seem to be flashing signs of continued improvement for the apartment industry in 2012. Cautiously optimistic may be the best phrase to describe the general mood across the apartment industry going into 2012. On the operations side of the business, substantial progress over the past two years has restored revenues to the levels …