Category Archives: Real Estate

PDX Real Estate Insider: Three things I’ve heard about a Hood expansion, a Fred Meyer redo and what Mark Wattles is up to – Portland Business Journal

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.

Hood happenings

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.

Enlarge

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.

Enlarge

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.

Enlarge

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.

Source Article

Portland Real Estate Market Still Adjusting to Inclusionary Housing

Stephanie Reyes analyzed 1,379 policies and programs last year, all dedicated to inclusionary housing, the mandatory or voluntary inclusion of affordable housing units as part of market-rate or luxury developments.

One of the insights she came to realize: it’s important for cities to provide certainty in the market about whatever policies they choose to adopt. If developers think they can wait out a policy that the city might change its mind about, they’ll try to. Inclusionary housing policies need to be seen as a permanent part of the regulatory environment before they can work, she says.  Continue reading →

TriMet General Manager Neil McFarlane to Retire After Seven Years

A Fight Over The Height of Portland’s Skyline is Raging. Who Wins May Determine Whether The City’s Housing Crisis Ever Ends.

A Fight Over The Height of Portland’s Skyline is Raging. Who Wins May Determine Whether The City’s Housing Crisis Ever Ends.The prospect of skyscrapers along the Southwest bank of the Willamette River has alarmed tower residents. (Abby Gordon)

Stanley Penkin, a transplanted New Yorker who lives on the fourth floor of Cosmopolitan on the Park, the tallest condo building in the Pearl District, is on the front lines.

He and his wife, Susanne, have a panoramic view: dogs cavorting in the Fields Park, sailboats rolling down the Willamette River, and the graceful arches of the Fremont Bridge.

Continue reading →