Real Estate News for New Construction in the Portland Area: This week United Van Lines released its 37th annual migration study, which found Oregon was the top moving destination of 2013. 63% of moving traffic to Oregon was inbound, according to the Associated Press.
2013 found several Portland construction projects coming out of hibernation.
Evidence of a Hot New Construction Market: Construction enthusiastically resumed in October on the Park Avenue West building, 728 SW Ninth Ave. The building has secured Stoel Rives as its anchor tenant, and includes 211 apartments and two floors of retail space.
Another project seeing some traction in 2013 is the construction of a 600-room Hyatt Regency Hotel on property just north of the Oregon Convention Center. In 2013, an agreement was entered into with Mortenson Construction for the construction project.
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December 27, 2013