If you are planning to go on a holiday and you are thinking of living in an apartment then you are supposed to have a good plan of how you will get a good apartment in advance instead of the last minute rash. There are times when you can embark on a journey to a holiday destination only to be frustrated in the last minute by lack of a good apartment to rent. One of the best ways to find a good apartment to rent is through the internet. There are many sites offering booking services for these apartments and upon arrival to your destination you will get your apartment reserved. For example, if you are looking for portland oregon apartments, go to the internet and make an advance booking.
Antifa protests, like those in Portland, were discussed by guest Alan Dershowitz during the July 2 episode of "Hannity," on the Fox News Channel. (Photo: Screenshot of "Hannity" episode excerpt/Fox News/YouTube)
As the fallout from bloody protests in Portland on Saturday, June 29 continues to grow, conservative media have made the actions of self-described antifa members a hot topic.
Though a Portland police spokesperson says the bureau is “actively investigating several assaults,” and details about the violence at the Saturday protests are still emerging, many in the conservative media are making the case that the attack on conservative writer Andy Ngo represents liberal cities’ failure to deal with antifa, and constitute examples of non-conservative media downplaying the story.
A July 2 piece credited to Donald Trump Jr. on the conservative website, the Daily Caller, for example, bears the headline, “The media was complicit in a brutal assault on an innocent journalist.”
Trump Jr. writes: “The Ngo affair is simply the latest incident in a game the liberal press have been playing for the last two-and-a-half years or more. They relentlessly attack my father for his attitude toward the media, suggesting that his accurate references to some biased reporters and media outlets as the enemy of the people puts reporters at risk. When a conservative journalist actually gets assaulted by a mob of vicious thugs, though, they desperately attempt to justify and downplay the violence against him.”
Monday and Tuesday’s Fox News Channel primetime shows, which feature coverage and opinions generally supportive of President Donald Trump and his policies, included frequent discussion of the violence that broke out during downtown Portland events involving supporters of the #HimToo movement, Proud Boy followers and anti-fascist protesters.
Ngo, who was attacked in Portland by black-clad demonstrators, appeared on “Tucker Carlson Tonight” Monday. The host introduced Ngo, who has made frequent prior appearances on the show, by saying that Ngo had been “beaten almost to death by antifa.”
Ngo told the host that he was covering the Portland protest, and then was suddenly struck on the back of his head from behind. “A mob of people, all dressed in black and wearing masks, started beating me with their fists,” Ngo said, “and some of them used objects to hit me.”
Conservative writer Andy Ngo details attack at Portland protest
After going to the hospital, Ngo said, he was diagnosed with a brain hemorrhage. Ngo wrote about the attack in a piece for the Wall Street Journal, and discussed it on Fox News Radio, as well as on CNN’s “New Day.”
Witness says bloody attacks in Portland broke out after one man came to his aid
Sam Resnick, who was wearing an American flag dress during Saturday’s competing protests in downtown Portland, said he believes the two men bloodied near Pioneer Square were assaulted after one came to his aid while he was under attack by a group of black-clad anti-fascists.
Ngo told CNN’s John Berman that when he was being attacked, he thought police “were going to swoop in and save me,” but that didn’t happen.
Berman then read a tweet from Portland Mayor Ted Wheeler, saying, in part, “We will do everything we can to make sure that those who have committed violence are held accountable.”
The events in Portland were also a subject on Monday’s Fox News show, “Hannity,” with guest host Jason Chaffetz moderating a discussion of, as the onscreen chyron, or caption, said, “Conservatives under attack by the far left.”
“The Ingraham Angle,” with guest host Jesse Watters, also featured a discussion of the attack on Ngo, with Shane Harris, a Democratic strategist, and Dinesh D’Souza, a controversial conservative author and filmmaker who pleaded guilty to violating federal campaign finance laws in 2014, and was pardoned by President Trump last year.
On Tuesday night, CNN and MSNBC primetime shows (MSNBC’s shows lean left, as Fox News primetime shows lean right) didn’t focus on the Portland protests or antifa.
But the story was again covered on “Hannity,” by guest host Dan Bongino, David Webb, host of the “Reality Check” show that streams on Fox Nation, and Alan Dershowitz, the prominent lawyer and professor.
As the onscreen chyron said, “Rise of the radical left,” Dershowitz said, “I really do think the government needs to do something to stop extreme left-wing threats of violence to centrist, moderate liberal speakers like me.”
Noting that he has also been threatened over speaking appearances at colleges, Dershowitz said, “I’m not radical enough for antifa.”
Bloody clashes in downtown Portland put police, mayor on defensive
“The acts of a select group of violent individuals do not define Portland but do have a negative impact on all of us,’’ Portland Police Chief Danielle Outlaw said Monday, following Saturday’s violent brawls that prompted police to declare civil disorder.
Tuesday night’s “The Ingraham Angle” featured guest host Raymond Arroyo continuing the discussion of the Portland protest. He introduced a clip of Ngo on CNN, as Ngo asked, “How many more people have to be beaten and attacked in the city of Portland before things change?”
Arroyo then interviewed Ngo’s lawyer, Harmeet Dhillon, who was also identified as a 2020 Trump Advisory Board member.
Arroyo asked the California-based Dhillon about her July 1 Twitter post, in which she wrote, “Goodnight everyone except Antifa criminals who I plan to sue into oblivion and then sow salt into their yoga studios and avocado toast stands until nothing grows there, not even the glimmer of a violent criminal conspiracy aided by the effect impotence of a cowed city government.”
“Are you talking about the antifa protesters or the city?” Arroyo asked.
“I’m going to reserve judgment on who in government deserves to be sued,” Dhillon says. “I think that’s an open question.”
Goodnight everyone except Antifa criminals who I plan to sue into oblivion and then sow salt into their yoga studios and avocado toast stands until nothing grows there, not even the glimmer of a violent criminal conspiracy aided by the effete impotence of a cowed city government.
— Harmeet K. Dhillon (@pnjaban) July 1, 2019
Referring to antifa activists, Dhillon said the same people are causing trouble at Portland events.
“Even if they’re broke, and living in their parents’ basements,” Dhillon said, “I intend to sue these people into oblivion, and make sure they’re never able to do anything like this again.”
— Kristi Turnquist
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Photos by Christina Morales and Eder Campuzano/Staff
The Portland school board will inaugurate three new members on Tuesday, inducting two longtime public servants and a pastor to its ranks.
Andrew Scott, Michelle DePass and Eilidh Lowery will replace Julie Esparza Brown, Paul Anthony and Mike Rosen, respectively.
Scott is the deputy chief operating officer at Metro and was previously budget director for the City of Portland. He told The Oregonian/OregonLive he wants to build trust with Portland students and parents and streamline board meetings and processes over the next four years.
“The most important lesson is about public trust,” Scott said. “If the government does 10 things right, we gain a little bit of public trust, and if we do one thing wrong, we lost it all. It’s the reality.”
Scott will represent Zone 1, which covers the Sellwood neighborhood and much of Southwest Portland, including schools that feed into Wilson High.
Andrew Scott, a Portland Public Schools graduate, wants to improve systemic inequities
Andrew Scott is one of three new Portland Public Schools board members slated to start on July 1.
DePass is the community outreach and policy coordinator for the Portland Housing Bureau. She was inspired to run after the Oregon Secretary of State’s office released an audit that found Portland Public Schools systemically shortchanges students of color.
Test score data released last year also showed that only 19 percent of black boys in third grade met state standards for full proficiency in reading.
“If the statistics were reversed and it was 19 percent of white boys who could read at grade level, it would be an emergency,” DePass said. “There is just no urgency to this statistic.”
DePass will represent Zone 2, which includes inner eastside schools feeding into Jefferson and Cleveland high schools. She replaces Esparza Brown as the lone person of color on the seven-member board.
Michelle DePass, a product of Portland Public Schools, wants the district to bolster black success
She’ll be the lone person of color serving on the seven-member board come July.
Lowery, a pastor for the United Methodist Church’s Southeast Portland parish, has a daughter entering her freshman year at Cleveland High School and has long volunteered in district schools. Lowery told The Oregonian/OregonLive that she wanted to further contribute to the district, recalling the mentorship she received during her own experience in public schools.
“I wouldn’t be where I am without those mentors and teachers," she said.
Lowery will represent Zone 7, which encompasses much of the Lents, Brentwood-Darlington and Woodstock neighborhoods in Southeast Portland.
Eilidh Lowery, a Portland pastor, wants to offer more diverse electives for students
Eilidh Lowery is one of three new Portland Public Schools board members who will soon be inducted.
The Oregonian/OregonLive asked all three new board members for their thoughts on two issues the district will contend with in the coming year: The proposal of a construction bond in 2020 to address cost overruns from projects approved by voters in 2017 and how Portland Public Schools should approach coming talks with the city police bureau over the school resource officer program.
Here are their answers:
The Portland school board’s three new members weigh in on construction overruns and a potential 2020 bond
School construction costs approved by Portland voters in 2017 will exceed $1 billion, or about 25% more than district officials pitched in election material.
The Portland school board’s three new members weigh in on whether police belong in district schools
The district will renegotiate its contract with the Portland Police Bureau in 2020.
–Eder Campuzano | 503-221-4344
Do you have a tip about Portland Public Schools? Email Eder at email@example.com or message either of the social accounts above.
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AP Photo/Marcio Jose Sanchez, File
In this March 6, 2018, photo a sign advertises the pending sale of a home in San Jose, Calif.
You can order dinner to your front door or summon a ride to the airport without so much as a phone call.
Why shouldn’t you sell your house with so little fuss?
That’s the pitch from a new crop of real estate companies vying for a share of the so-called “instant buyer” market. They allow a homeowner to enter their address on a website and, if their home checks certain boxes, get a cash offer on the spot.
If the homeowner accepts — and pays a percentage of the price as a fee — the deal can close within a couple of weeks. The company will turn around and sell the house itself.
House flipping has been around for decades. But this new model has its roots in the same big data and machine learning that’s allowed homeowners to get estimates of their homes’ value online (and snoop on that of their neighbors).
The business is getting crowded quickly. The players include purpose-built startups like Opendoor, which launched in Portland this year, as well as tech-focused real estate firms like Zillow, which will launch its Zillow Offers business in Portland this year, and Redfin, which is also eyeing the Portland metro.
Even the 36-year-old real estate megafranchise Keller Williams Realty has announced plans to jump on the instant buyer bandwagon with its Keller Offers program.
It remains to be seen how many homeowners will risk leaving money on the table for the sake of convenience.
Three months ago, Jennifer Howard got an offer for a job in Coos Bay, and a clock started ticking. She had a month and a half to sell her house in Aloha. That’s when she remembered hearing a radio ad for Opendoor.
Howard was skeptical.
“You can’t just sell your house to a company and not have to go through a Realtor and not have people traipsing through your house,” she recalled thinking. “No way.”
But she went to the company’s website and requested an offer. She had one finalized by the end of the following week: $324,700, minus a 5.5% fee — about $18,000 — to Opendoor.
"I kept expecting something to go wrong,” she said, “but it never did.”
Less than a month later, Opendoor put the house back on the market for $338,000 — about $13,000 more than it had paid her.
That doesn’t bother Howard.
“It would’ve taken me longer,” she said, adding that she might have had to make repairs, paint and keep the house tidy while it was on the market. “To me, it was worth it. We were surprised they didn’t do more before they turned it around.”
Joe Denother, the general manager for Opendoor in Portland, says Howard is pretty typical for the company’s clients, many of whom are looking for a quick close or dreading the tours and open houses of a more traditional sale.
“For most folks, their home is their biggest asset, but it’s a very illiquid asset,” he said. “We’re trying to reinvent the real estate process and remove a lot of the hassles.”
Denother says it offers a fair market price and doesn’t significantly mark it up when the home goes back on the market.
Zillow and Redfin, both companies built around showing an estimate of what a given home is worth, say their offers are usually pretty close to what they’ve said on their website, but they acknowledge in-person inspections can change things.
“We normally bracket that number with some percentage points in either direction,” said Jason Aleem, who leads the Redfin Now instant buyer business. “We try to stay true to that.”
Because the business is built on making money on a fee rather than resale, the companies say the model isn’t dependent on a market where houses are selling fast and prices are rising.
“In a hot market when homes are selling, we’re offering certainty and risk avoidance,” said Jeremy Wacksman, the Zillow executive who runs Zillow Offers. “In a market that’s more balanced, or even cooler, home sellers want that certainty even more than they want it today.”
In Portland, at least, instant buyers were responsible for only a few dozen transactions over the last few months, compared with thousands of sales brokered by traditional real estate agents.
The companies say that number will grow significantly in the coming years — and in fact, they’re depending on it. None of the players have reported profitability as they battle to expand and claim market share.
“Today we’re in growth mode, and we’re investing in that growth,” Wacksman said. “We’re targeting more break-even profitability on each house while we build up the teams and operations and get efficiencies of scale that will come.”
That could leave traditional brokers nervous about the looming battle over market share in a business that, when it turns down, turns down hard.
And homeowners should be wary too, said Nick Krautter, the owner of brokerage SellPDX. Direct buyers, he said, have every incentive to work against a seller’s best interests.
“I know there will be plenty of people who do it because they believe they’re getting the best dollar price value they can get, or they’re so focused on the convenience factor that they’re willing to take a haircut” on the sale price, Krautter said. “I just really struggle to believe that when it’s your biggest asset and 10s or 100s of thousands of dollars on the line, that people are going to be willing to do that.”
— Elliot Njus
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PORTLAND, Ore. (KOIN) — The Impossible Burger is becoming tougher to find at independent restaurants across Portland.
At least two Portland restaurants confirmed with KOIN 6 News this week that they’re researching alternatives to due to supply issues with the plant-based meatless burger.
Impossible Foods said the company has experienced 50 percent revenue growth since the launch of the Impossible Burger 2.0 in January. The product is now in large restaurant chains like Red Robin and Qdoba, as well as stadiums and college campuses nationwide, the company said. They’re also seeing high sales volume in Asia.
That means some small restaurants here in Portland are left to look elsewhere. The company told KOIN 6 News in a statement:
We recognize the inconvenience that scarcity causes and sincerely apologizes to all customers, particularly those who have come to depend on the additional foot traffic and revenue that the Impossible Burger has generated. In addition, we’ve apologized to consumers who can’t get as many Impossible Burgers as often as they’d like over the next couple weeks. We understand that the Impossible Burger is a unique product that’s impossible to replace. That’s why we’re working literally 24-7 to get stocks of Impossible Burgers to all customers as soon as possible — and we produced an all-time record amount of product in May 2019.
On its website, the company still has listed some of the Portland restaurants that are currently seeking alternatives to the popular burger.
"We are urging consumers to call restaurants in advance to ensure that they still have Impossible Burger in stock, and to inquire when new shipments are expected to arrive," the company said.
The company noted that they’re increasing manufacturing, adding staff, and getting increased funding.
"The company faces no insurmountable supply-chain constraints or fundamental bottlenecks; like other successful startups, we are facing short-term ramp-up challenges resulting from demand greatly outstripping supply."
Twitter reacted Friday to the news that the staff member who wrestled a gunman to the ground at Parkrose High School was former University of Oregon football player Keanon Lowe.
Police said a Parkrose High School staffer wrestled a suspected gunman to the ground Friday at the school. They said students are safe and that the suspect has been taken into custody.
Keanon Lowe, former Oregon Ducks star, wrestles suspect to ground amid report of armed gunman near Parkrose HS
Parents and students reported Coach Keanon Lowe, one of Oregon’s most prominent high school and college football players of the past decade, tackled the armed male suspect, who has since been taken into custody.
They could not confirm the identity of the staff member, but parents and students told The Oregonian/OregonLive that the staff member who diffused the situation was Lowe.
Lowe, a stand-out football player at Jesuit High School in Portland and then at University of Oregon in Eugene, is a football and track coach at Parkrose High School.
Lowe was named Defensive Player of the Year in Oregon as a high school student and went on to play four years as a wide receiver for the Oregon Ducks.
Lowe could not immediately be reached for comment Friday.
Twitter exploded with the news that the man who tackled the gunman was the well-known football star. Accolades came from students, as well as the general public, a former teammate and a Portland comedian.
“From sports hero to actual real life hero,” wrote comedian Ian Karmel. “Beers (protein shakes?) on me!”
“You’re a hero and it’s an honor to call you my friend,” said former teammate and current member of the Detroit Lions, Tyrell Crosby.
Scroll down to read more tweets about Lowe.
Still my favorite @KeanonLowe highlight at Oregon. Celebrating his teammate’s success. Great work today, sir. pic.twitter.com/La5mBrbke4
— Baby-Haver Mike Lee (R) 🍆 (@DerekBortles) May 17, 2019
The Northwest is one of the fastest-growing parts of the country, with home prices soaring as the supply of housing hasn’t kept up with demand.
Investing in such a rapidly changing environment is a challenge because we know from experience that such surges in growth never last. At some point demand will ebb, supply will increase, and prices (and rents) will level off—or even fall.
The area around Seattle has seen the most spectacular growth because of the expansion of the information technology sector—Amazon, Microsoft and many others. This sector now provides 6% of all local jobs, grew 7% in the past year, and provides 23% of local wages because of the high average annual pay, over $250,000.
Oregon and Idaho have had growth on a scale that’s only smaller in comparison, but that leads to similar problems for investors.
The best way to assess these markets is to first see where they are in the price cycle—that is, are they already over-priced? Is there a greater risk that prices will at some point actually come down? If so, your investment will need to be defensive as much as an opportunity for good returns. The table shows that in Seattle, Salem, Bend and Boise, prices are already more than 25% higher than the ‘income’ price. This means they’re over-priced. Another half dozen markets are in the 15% to 25% range, and at the rate prices increased in the past year they’ll soon be there as well.
Local Market Monitor, Inc. Local Market Monitor Inc.
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If you plan to buy and hold a rental property for the next 10 or 20 years, you don’t care too much what will happen with home prices in the next five years—even if they do go down. Eventually they recover, though the recession showed that it can take a long time. Your greater concern is to have renters in your property if the local economy does go downhill. This means you need to invest in a price range where there are lots of renters right now, what we can call the "sweet spot." This varies from market to market and from zip code to zip code, so you must do some homework with Census data.
You want to avoid high-end rentals in over-priced markets, because they’re most vulnerable in a down economy; don’t just buy a single-family home and rent it out at a high rate unless you also plan to flip it in the next few years. Instead, split a single-family into several rental units, which will take time and money but will give you better returns in the long run; or you can invest in apartments.
The table shows that the job situation in Seattle is very strong—jobs up 3.5% in the past year—so if you invest now it’s probably not yet the peak of the market. In Boise, on the other hand, job growth is now slower than six months ago and the very sharp increase in prices points toward a riskier situation.
Portland is a former high-growth market that may come to a soft landing. Three years ago home prices were rising 12% a year, last year just 5%. With jobs still increasing over 2% a year, which means demand continues to grow, it’s most likely that prices will stabilize but will not fall. In these conditions, investors must be very careful about the price they’re willing to pay for a property and shouldn’t count on appreciation to add to their return. Rents, on the other hand, can be expected to rise slowly, along with income.
Kennewick is a good bet for investors, even though it’s a smaller market and therefore more volatile. Job growth has been good, home prices are close to the "income" price, demand is strong, and home prices are low enough compared to rents that single-family homes can be rented out directly.
Spokane, Idaho Falls, Billings, Cheyenne—despite the occasional surge in home prices, demand in these markets is driven by job growth, which has been low. This means that the location of your rental property is even more important than usual. You’ll want to be near medical centers, colleges, government offices, revived downtown areas. And because there probably hasn’t been much recent construction of attractive properties, it makes sense to buy inexpensive homes to upgrade into a higher rental/sales bracket.
You can successfully invest in any market, but your strategy may be different in each one. The Northwest has a lot of markets that are tricky right now because of a surge in prices; that just means you need to prepare more for the downside. Dynamic markets are a challenge, but that’s often where the best opportunities can be found.
These 2 men were caught on camera using an ATM skimmer to withdraw money from customer accounts in Portland, PPB said, March 29, 2019. (Portland Police Bureau)
PORTLAND, Ore. (KOIN) — Two men were caught on camera stealing money from ATMs using skimmer devices in Portland, police said.
The Portland Police Bureau said Friday afternoon that the men inserted a skimmer device into at least 2 ATMs in the city and withdrew money from multiple customer accounts.
Officials didn’t say which ATM locations were targeted.
If you’ve seen either of the suspects, contact the police.
Hartford, Connecticut (Photo credit: Shutterstock)
In only one of the 20 markets we analyzed for this review—Boston—did percent population over the past three years increase faster than the national rate. Most grew very slowly or, in a good number of cases, the population was flat or shrank.
In addition, the number of jobs in these markets in the past year increased at the average rate in only four. These are not growth markets, not even close. Stagnation is a better description.
Population and jobs are the strongest drivers of demand for housing, so how do you invest in markets where those drivers are absent? It’s not as though there’s no demand for housing here: home prices in some of these markets increased smartly in the past year.
Clearly, we have to assess low-growth markets in a different way than we would markets where people are pouring in. Even in high-growth markets it’s possible to make bad investments, but the chances for success are just better. So, similarly, in low-growth markets it’s perfectly possible to make good investments, you just have to be more careful about it.
One way to be careful, of course, is to invest in the right location. These days that means closer to downtown, or near a college, hospital or retail complex, or by a major transportation access point—a metro rail station or major highway intersection.
In those markets where home prices have recently been flat or down—Hartford, Fairfield County, Atlantic City, with New Haven, Camden and Trenton close behind, where home prices are well below the income price, and where the Home-Price/Rent ratio is low—you may be best off rehabbing a property in a favorable area. You can then either enter the upper-middle rent market, which is less affected by a poor economic climate, or just resell at a higher price.
In down markets like these it’s also a good idea to simply invest in an apartment building. Even though home prices may be flat, rents increase with inflation and local income and could give you a superior return down the road if the local economy picks up again. Just keep in mind that the location is key, and avoid renting in the bottom half of the market, that’s where economic distress can affect both your occupancy rate and your management costs. Low-end renting is a highly specialized field.
In markets with a high Home-Price/Rent ratio—Portland, Boston, the New York area and Newark—the rental and single-family markets are disconnected. It’s very difficult to rent out an expensive single-family home because the number of potential renters with the necessary income is fairly small. Instead, investors can split a single-family home into several rental units, or just invest in apartment buildings. Rehabbing is also an option, but in these markets with low growth, the time and expense to rehab a property or to split one into rental units may not be worth the potential payoff.
The income price gives a final clue about what can be done in markets that remain under-priced almost 10 years after the big recession. Hartford, Fairfield County, Rochester, Syracuse and Camden are significantly under-priced and also have low home prices (Fairfield county splits into the expensive Greenwich-Stamford end and the inexpensive Bridgeport end). With the current economic situation poor and prices so low, you might take a flyer and risk short-term stagnation in exchange for a big payoff down the road. Again, find a property in a favorable location, do minimal rehab, rent into the upper half of the market—and just sit on this one without expectations for five years. Your downside is low, your eventual upside pretty good.
It’s easier to invest in markets that are growing, but people everywhere need a place to live. Within every market there are sub-markets with good potential. You have to work a little harder to find them, you need to think about different ways to invest, but even in the slow-growth Northeast there are plenty of possibilities.
A piece of journalistic advice I’ve heard over and over again is to get out of the office as much as possible. And every time we here at the Business Journal get out of the office, whether it’s for a day of skiing on Mt. Hood or a trip to the grocery store, that advice pays out. Read on to see just how.
The slopes were like glue when when we went up to Timberline to ski on Mother’s Day weekend, essentially marking the end of a pretty solid ski season this year. As we were driving down through Government Camp, I noticed a Bremik Construction sign on some fencing around an old gas station that sits right next to Mt. Hood Brewing Co. on Highway 26.
Curious, I did some poking around at PSU’s real estate conference last week and found out that Mt. Hood Brewing, which is owned by Jeff Kohnstamm — head of the company that runs Timberline Lodge — has a little expansion in mind. Word is that the property is being renovated into an extension of the brewery and will be home to a canning line as well as some kind of a charcuterie operation. Could be a nice little addition to a nice little mountain hamlet.
An expansion of Mt. Hood Brewing Co. in Government Camp will give skiers and other visitors to Mt. Hood another place to sip and snack on the mountain.
Fred Meyer Redo
The already bustling Fred Meyer at Southeast Cesar Chavez Boulevard and Hawthorne is supposedly about to get a little more bustling. My colleague, and frequent PDX REI contributor, Malia Spencer, was chatting with a checker the other day who told her that not only has the store been seeing more crowds since the closing of the Fred Meyer on Southeast Foster Road, but a big remodel is planned to kick off next month that could make the store a little more hectic, at least temporarily. A call to Fred Meyer’s media folks wasn’t returned by deadline, but we’ll follow up.
One of the last Fred Meyer’s to get a big makeover was the Stadium Fred Meyer in Northwest, which underwent a $30 million remake back in 2015.
The Stadium Fred Meyer got a $30 million facelift in 2015. The Hawthorne store may be next.
Wattles returns to the headlines
In case you missed it, Mark Wattles, founder of the formerly Oregon-based Hollywood Video, is back in local news this week. Not only has one of the state’s most successful businessmen decided to put his 32-acre riverfront estate — including the shell of a 50,000-square-foot mansion that’s never been completed — up for auction, but he’s also launched a new coffee company that has some very Oregon inspiration.
You can read about his latest goings-on here and here.
Wattles started Hollywood Video in Portland and grew it into a movie rental giant with some 2,000 stores at its peak. He sold his final stake in the company in 2005 for almost $53 million.
It’s a busy week this week, what with Melvin Mark Companies buying buildings, the unveiling of half of this year’s Fastest-Growing Private 100 Companies and a few other stories. So, let’s get right to it.
‘Poor taste’ Continue reading →