Tilbury News

City Council to Vote on Creating a Massive Database for Portland Rentals

Portland currently has no way of tracking the number of rental units on the market. The city also lacks a comprehensive database of structural updates to rental properties, housing code compliance reports, or tenant complaints. Perhaps most importantly, the city has no organized system to track information on negligent landlords. https://www.portlandmercury.com/blogtown/2018/07/25/21553064/city-council-to-vote-on-creating-a-massive-database-for-portland-rentals

They Told Me No, But … Complex 1031’s

Micro Apartments on the Rise!

A Seattle developer is planning two big micro-apartment developments along the North Williams Avenue corridor.   https://www.oregonlive.com/expo/news/erry-2018/07/d11890ed7d5009/microapartments-with-microrest.html

Building Affordable Housing In Portland Not So Affordable

This is an interesting article that explains the high costs that are attached with the creation of affordable housing projects within the Portland area.With several buildings in the city being considered for low income housing, this article helps break down the numbers behind the potential deals. Click the link below for more information. https://www.opb.org/news/article/portland-oregon-affordable-housing-costs/   […]

Buildings that Clear the Air

The Wall Street Journal recently posted an article we thought you may find interesting. An apartment building in Manhattan is the first of its kind to utilize titanium dioxide, a common ingredient in sunscreen, on its exterior. When applied the titanium dioxide reacts with sunlight to not only clean the structure itself, but also to […]

We’ve sued Seattle again!

This interesting article that states that Seattle is being sued over a new ordinance that bans landlords from running criminal background checks. Although this would benefit convicts by allowing them to reintegrate, the ordinance disregards landlords’ constitutional rights. Click the link below for more information.   https://pacificlegal.org/weve-sued-seattle-again/    

Portland’s Affordable Housing Includes 2,090 Units in Buildings That Would Crumble in a Big Earthquake

Four years ago, scientists reported that at any unforeseen time an earthquake could cause over 1,600 unreinforced buildings in Portland to crumble.  This article addresses Portland’s response, and how new safety requirements could cost the city a great deal of money.     http://www.wweek.com/news/city/2018/05/09/portlands-affordable-housing-includes-2090-units-in-buildings-that-would-crumble-in-a-big-earthquake/  

California Apartment Landlords Dump Properties Ahead of Rent Control Vote

New policies attempting to enforce rent control have caused California investors to sell or hold off on buying properties in their home state. Although brokers and owners say that this damages the real estate market, advocates are skeptical. Read below for more information.     https://www.wsj.com/articles/california-apartment-landlords-dump-properties-ahead-of-rent-control-vote-1526404269  

Tax Cuts & Jobs Act – Summary & Analysis (Nov. 2017)

We thought you might be interested in the attached, which is a good summary of the tax reform bill affecting our industry as it moves through Congress.  Although some of these things have been widely discussed, we were not aware of the limitation on net interest expense.  It will be interesting to see what provisions […]

Portland Market Update (Jan. 2017)

The Portland area apartment market remains strong, but some of the things, which have been predicted, are finally coming about.  After years of record rent growth and very low vacancy, the  impact of the new construction is having an impact, particularly for upper end close-in units. Also, in February the Portland City Council is expected […]

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