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.
Providence Portland Medical Center is constructing a 30-unit guest housing facility, scheduled to open in 2015.