BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
California-based Majestic Realty Co. may build an industrial business park on the undeveloped 75-acre plot of land purchased from the Nike Foundation.
Under the proposed ordinance, renting out condos and apartments for less than 30-day periods, or renting out entire homes for short-term vacations, would remain illegal.
Kevin Rose will sell his $1.3 million home to Tom and Jennifer Saunders, long-time residents of the neighborhood.
The class-action lawsuit claims the Oregon nonprofit health insurer is acting like a for-profit company by stockpiling excess funds that support large salaries.
Polygon Northwest Company LLC, the largest homebuilder in the Pacific Northwest, was acquired by William Lyons Homes for $520 million.