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Portland investor Menashe Properties eyeing fourth Chicago office tower as discounts persist
Menashe Properties is considering the acquisition of a fourth office tower in Chicago as the market experiences ongoing discounts. Recent data shows that nineteen buildings sold for $1.14 billion over the past two years, a significant decrease from $4.59 billion in previous transactions. However, higher-quality assets are beginning to attract institutional buyers once again.
Pearl District pizzeria and cocktail bar is closing after 15 years
Oven and Shaker, a pizzeria and cocktail bar in the Pearl District, is set to close after 15 years of operation. The closure marks the end of a long-standing establishment in the area.
New investors are turning to this housing trend
A rising trend in residential real estate is gaining attention as high single-family home prices push investors towards innovative strategies. This approach, known as house hacking, allows homeowners to offset their mortgage costs by renting out portions of their properties. The trend reflects a shift in how individuals are navigating the current housing market.
Amazon plans drone delivery as it expands its Portland presence
Amazon is set to expand its presence in Portland by constructing a drone delivery center at its fulfillment site in North Portland. This initiative aims to enhance its logistics capabilities and improve delivery efficiency in the region.
Real estate agents face a new hurdle for landing customers
Real estate agents are encountering additional challenges in attracting customers amid rising prices and affordability issues in the housing market. This situation adds to the existing pressures faced by the industry, complicating efforts to secure new clients.
Key deadline is fast approaching for new Opportunity Zone program
A key deadline is approaching for the new Opportunity Zone program, which is anticipated to attract significant competition for available funding. Tighter restrictions are expected to limit the number of deals that can be made under this program.