APARTMENTS - MICRO UNITS - TOWNHOMES - DUPLEX - …€¦ · REAL ESTATE INVESTMENT GROUP is pleased...

P R I M E R E D E V E L O P M E N T O P P O R T U N I T Y I N S E P O R T L A N D 1 6 6 6 S E L A M B E R T S T , P O R T L A N D O R 9 7 2 0 2

H E A R T O F S E L L W O O D - M O R E L A N DR E S I D E N T I A L D E V E L O P M E N T O P P O R T U N I T Y - 0 . 7 7 A C F O R S A L E New to

Market !

S E L L W O O D R E S I D E N T I A L B L O C K

S E M I L W A U K I E A V E

S E 1 7 t h A V E

Licensed in Oregon

2839 SW 2nd Avenue, Portland OR, 972015 0 3 . 2 2 2 . 1 6 5 5 - w w w . R E I G . c o m

07.27.2018

GEORGE N. DIAMOND5 0 3 . 2 2 2 . 2 1 7 8

g d i a m o n d @ r e i g . c o m

MICHAEL N. DIAMOND5 0 3 . 2 2 2 . 1 9 8 8

m d i a m o n d @ r e i g . c o m

NICHOLAS G. DIAMOND5 0 3 . 2 2 2 . 2 6 5 5

n d i a m o n d @ r e i g . c o mBroker(s) Have Ownership Interest in this Property

A P A R T M E N T S - M I C R O U N I T S - T O W N H O M E S - D U P L E X - D E T A C H E D L O T S - A D U

P O T E N T I A L D E N S I T Y O F O V E R 1 3 0 U N I T S

The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

P R I M E B L O C K I N P O R T L A N D ’ S S E L L W O O D N E I G H B O R H O O D

REAL ESTATE INVESTMENT GROUP is pleased to exclusively offer for sale .77 acres for redevelopment, in the heart of the Sellwood neighborhood of SE

Portland – one of Portland’s hottest neighborhoods. The Sellwood Residential Block represents an unparalleled opportunity for development in SE Port-

land’s close-in market. Proposed zoning is RM2 for medium-density residential for development in one of Portland’s fastest growing neighborhoods.

The property’s ideal location in the established Sellwood District of Southeast Portland provides its residents great restaurants, shopping and services

within walking distance. Additionally, the site has convenient access to major roads and highways, historic Sellwood, and many local attractions. The site’s

unique location near Sellwood’s iconic pedestrian-friendly SE 13th Avenue offers a coveted location in a cultural epicenter of inner-SE Portland. Walking dis-

tance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side make the location ideal.

S A L E P R I C E : $ 4 , 0 4 6 , 4 0 0 ( $ 1 2 0 / S F )

ADDRESS: 1666 SE LAMBERT STREET, PORTLAND OR

PARCEL APN: R143143, R143144

ZONING: RM2 (RESIDENTIAL MULTI-DWELLING) PROPOSED

IMPROVEMENT: 16,520 SF MASONRY BUILDING

A P A R T M E N T S - M I C R O U N I T S - T O W N H O M E S - D U P L E X - D E TA C H E D L O T S - A D U

Property FeaturesL A N D A R E A : 0 . 7 7 A C ( 3 3 , 7 2 0 S F )

BUILDABLE AREA: 75,870 SF GROSS / 45,522 USABLE based on 60% MAXIMUM LOT COVERAGE

PERMITTED DENSITY: DETERMINED BY S IZE OF UNITSMICRO UNITS : OVER 130 UNITS DEPENDING ON AVERAGE SF OF UNITLARGER UNITS : LESS UNITS DEPENDING ON AVERAGE UNIT S IZE

FAR / HEIGHT: 2.25 FAR with bonuses - 45’ max height

C A L L G E O R G E D I A M O N D ( 5 0 3 . 2 2 2 . 2 1 7 8 ) - N I C H O L A S D I A M O N D ( 5 0 3 . 2 2 2 . 2 6 5 5 ) - M I C H A E L D I A M O N D ( 5 0 3 . 2 2 2 . 1 9 8 8 )

See Development Options for Details

A P A R T M E N T S

T O W N H O M E S

D U P L E X

D E T A C H E D L O T S

P O S S I B I L I T Y T O B U I L D

O V E R 1 3 0 M I C R O U N I T S


The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

The lot’s unique location nestled between Sellwood’s iconic SE Milwaukie and SE 17th Avenues offers a mix of secluded residential feel and high walkability. Walking distance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side by car, bicycle and transit make the location ideal for residential use.

SE TACOMA ST

S E M I LWA U K I E AV E S E 1 7 t h AV E

TO SELLWOOD BR IDGE

S I T E A E R I A L V I E W

S E L LW O O D I N NP U B

S E 1 3 t h AV E

1666 SE Lambert

N E I G H B O R H O O D R E TA I L C O R R I D O RR E TA I L / R E S TA U R A N T

M U LT I FA M I LY D E V E L O P M E N T

C O M M U N I T Y / E D U C A T I O N A L / E T C

O A K S B O T T O M W I L D L I F E R E F U G E

A R U G U L A R I U MC R E P E R I E

S E L LW O O D M I D D L E S C H O O L

M A S T E R M E C H A N I C S

S P R I N G WA T E R F L A T SM U LT I FA M I LY - 7 6 u n i t s

g a l a x i e at s e l lw o o dM U LT I FA M I LY - 7 6 u n i t S

s p o k a n e 1 3 a pa r t m e n t sM U LT I FA M I LY - 3 0 u n i t S

M O R E L A N D R O S EM U LT I FA M I LY - 1 3 u n i t S

l a m b e r t l o f t sM U LT I FA M I LY - 1 9 u n i t S

7 9 2 4 S E M I LWA U K I E F U T U R E M U LT I FA M I LY - 4 u n i t S

1 6 3 7 S E N E H A L E M F U T U R E M U LT I FA M I LY - 6 1 u n i t S

1 6 5 0 S E TA C O M A S TF U T U R E M U LT I FA M I LY - 4 4 u n i t S

1 6 0 2 S E TA C O M A S TF U T U R E M U LT I FA M I LY - 1 2 u n i t S

1 7 2 5 S E T E N I N O S T F U T U R E M U LT I FA M I LY - 9 1 u n i t S

8 1 8 8 S E 1 9 T H AV E F U T U R E S I X- P L E X

7 5 1 0 s e m i lwa u k i ef u t u r e M U LT I FA M I LY - 3 0 u n i t S

1 6 3 0 s e r u r a l s tf u t u r e M U LT I FA M I LY - 2 3 2 u n i t S

J A K E ’ S P L A C EB A R

C L A S S I C A L B A L L E TD A N C E A C A D E M Y

r o s e c i t yc o f f e e c o .

wa l l a c e b o o k sb o o k s t o r e

O P A ! P I Z Z E R I A , G I N O ’ S I TA L I A N , T E C H A I T E , J A D E T E A H O U S E ,

S E L L W O O D C Y C L E R E P A I R , S E L L W O O D A N T I Q U E M A L L , A C E N A R I S T O -

R A N T E , S O C K D R E A M S , B I S H O P S B A R B E R S H O P, R E / M A X M O R E L A N D ,

S E L L W O O D L I B R A R Y, C R E A T I V E M I N D S L E A R N I N G C E N T E R

C H U R C H O F J E S U S C H R .O F L A T T E R - D A Y S A I N T S

S T. A G A T H AC A T H O L I C C H U R C H

S T. A G A T H AC A T H O L I C S C H O O L

D A N C E W I T H J OYD A N C E S T U D I O

Z U M B A @ P O R T L A N DD A N C E S T U D I O

M O R E L A N DA L E H O U S E



F R O N T A G E A L O N G S E M I L W A U K I E A V ES E L A M B E R T S T

E X T E R I O R P H O T O G R A P H Y

S E L A M B E R T & S E 1 7 t h



B U I L D I N G & S I T E P L A N S


CHURCH MAIN FLOOR DUMAS HALL MAIN FLOOR

CHURCH BASEMENT DUMAS HALL MAIN FLOOR 100 - Archives 107 - Classroom 115 - Kitchenette 118 - “Far Side of 50” 101 - Classroom 108 - Classroom 116 - Temporary Library Class 102 - Classroom 109 - Resource Room 117 - Future Woman’s 119 - Future Library 103 - Classroom 110 - Classroom Ministry Office 120 - Future Children’s 104 - Classroom 111 - Flower Room Church Room 105 - Classroom 112 - Temporary Storage

CHAPEL SECOND FLOOR 300 - Prayer Room

X - Exit M - Men’s Restroom W - Women’s restroom R - Restroom C - Custodial Closet S - Storage


T A X L O T S

This map/plat is being furnished as an aid in locating the herein described land in relation to

adjoining streets, natural boundaries and other land, and is not a survey of the land depicted.

Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the

company does not insure dimensions, distances, location of easements, acreage or other matters

shown thereon.

Page 1 of 1geoAdvantage: Multnomah County of Oregon State (App3)

10/25/2016http://geo.sentrydynamics.net/OR_Multnomah/default.aspx

R1 - Residential 1,000 Zoning Allows for a Multitude of Approved Residential Uses at the Site

S E 1 7 t h A V E

S E M I L W A U K I E A V E

S E LA M B E R T S

T

This map/plat is being furnished as an aid in locating the herein described land in relation to

adjoining streets, natural boundaries and other land, and is not a survey of the land depicted.

Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the

company does not insure dimensions, distances, location of easements, acreage or other matters

shown thereon.

Page 1 of 1geoAdvantage: Multnomah County of Oregon State (App3)

10/25/2016http://geo.sentrydynamics.net/OR_Multnomah/default.aspx



N E I G H B O R H O O D L O T M A P

0 740

feet

This information is deemed reliablebut is not guaranteed.

Ü

Prepared By:Prepared By:

10/25/201610/25/2016

CommunityTaxlot

Subject



Z O N I N G I N F O R M A T I O N


Summary of the Multi-Dwelling ZonesThe new framework for the multi-dwelling zones include four zones that are based on existing zones - but are more responsive to different types of places. The summary standards and graphics reflect draft development standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or FAR transfers from sites where historic buildings, existing affordable housing or trees are being preserved.

The RX zone is not included here because its development standards are described and regulated in large part by the Central City and Gateway plan districts.

35’ 35’

1 to 1 1.5 to 1

New Zone: RM1Former Zones: R2 and R3This is a low-scale zone that provides a transition to lower density residential areas, often located at edges of centers or along neighborhood corridors or other areas to provide continuity with the scale of established residential areas.

Maximum Height: 35 feetMaximum Building Coverage: 50%


45’

45’45’

1.5 to 1 2.25 to 1 New Zone: RM3Former Zones: RH [2:1 FAR]This is a high-density zone applied in locations close to the Central City and in centers and major corridors. It allows for a mid-rise scale of buildings (up to six stories), and calls for landscaped front setbacks to integrate with established residential neighborhoods.Maximum Height: 65 feetMaximum Building Coverage: 85%

45’

65’65’ 65’

2 to 1 3 to 1 New Zone: RM4Former Zones: RH [4:1 FAR]This is a high-density, more intensely urban zone applied in locations close to the Central City and in centers and major corridors. It is intended to provide a more intensely urban mid-rise or high-rise scale of up to seven or more stories. Maximum Height: 75 - 100 feetMaximum Building Coverage: 85%

Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1

New Zone: RM2Former Zones: R1This zone is applied in and around a variety of centers and corridors to contribute to the intended urban scale of these locations, while providing transitions in scale and characteristics to lower scale residential neighborhoods.



35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1




35’ 35’

1 to 1 1.5 to 1




45’

45’45’


45’

65’65’ 65’


Base FAR Bonus FAR

65’75’75’ 75’

4 to 1 6 to 1



D E V E L O P M E N T O P T I O N S

E X A M P L E 4 9 - U N I T m u lt i f a m i ly p l a ns i t e m ay a c c o m m o d at e h i g h e r d e n s i t y





E X A M P L E 1 6 - U N I T D E T A C H E D L O T P L A NS I T E m ay A C C O M M O D A T E H I G H E R D E N S I T Y

E X A M P L E 2 0 - U N I T r o w / t o w n h o m e P L A Ns i t e m ay a c c o m m o d at e h i g h e r d e n s i t y



The Sellwood-Moreland neighbor-hood is located in the close in SE Portland area.

The neighborhood is bordered by the Brooklyn and Eastmoreland neigh-borhoods, the city of Milwaukie, as well as the Willamette River. Sellwood brings with it a vast amount of history from its vintage amusement park to the many shops and restaurants that are doting this southeast neighborhood.

Sellwood provides many gathering locations for the com-munity. Oaks Amusement Park, Sellwood Park, Sellwood Riverfront Park, and Westmoreland Park are all close-in lo-

cation attractions. Sellwood even has a 44-acre wildlife refuge in its backyard!

Sellwood provides to all Portland-ers an ideal location to move into. This SE Portland neighborhood

provides an abundance of food options from Reverend’s BBQ to the famous a Cena Ristorante.

This neighborhood offers local restaurants, coffee shops, bars, and retail for the neighborhood to enjoy.

There’s a reason many locals and new residents are choos-ing Sellwood as their ideal location to live.

Sellwood- Moreland

S E L L W O O D B R I D G E

N E I G H B O R H O O D P R O F I L E

P O R T L A N D N E I G H B O R H O O D P R O F I L E :



L O C A L A E R I A L

SUBJECT

Accessibility to Portland’s downtown and affluent South Waterfront and John’s Landing districts is accom-lished in minutes through both HWY 99 and the Sellwood Bridge. Sellwood is considered one of the best-located neighborhoods in the Portland metro area, in addition to being an attractive, diverse and culturally significant destination in itself.

HILLSDALE

PORTLAND HEIGHTS

DOWNTOWN

THE PEARL

OHSU

LLOYD DISTRICT

INNER EASTSIDE

LADD’S ADDITION

SELLWOOD

WOODSTOCK

BROOKLYN

S. WATERFRONT

JOHN’S LANDING


The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

Demographics

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 9©2018, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 45.4681/-122.6475RFULL9

1666 SE Lambert St1 mi radius 3 mi radius 5 mi radius 10 mi radius

Portland, OR 97202

PopulationEstimated Population (2017) 14,972 138,034 429,349 1,221,215Projected Population (2022) 16,144 148,099 461,409 1,315,395Census Population (2010) 13,739 125,155 385,390 1,102,703Census Population (2000) 12,970 119,336 356,078 995,570

Projected Annual Growth (2017-2022) 1,172 1.6% 10,065 1.5% 32,060 1.5% 94,181 1.5%Historical Annual Growth (2010-2017) 1,233 1.3% 12,879 1.5% 43,959 1.6% 118,512 1.5%Historical Annual Growth (2000-2010) 769 0.6% 5,819 0.5% 29,312 0.8% 107,133 1.1%

Estimated Population Density (2017) 4,766 psm 4,884 psm 5,469 psm 3,889 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi 314.0 sq mi

HouseholdsEstimated Households (2017) 6,788 59,689 193,609 496,912Projected Households (2022) 7,236 63,551 206,053 530,024Census Households (2010) 6,328 54,800 175,136 454,817Census Households (2000) 5,997 51,876 160,003 407,894

Projected Annual Growth (2017-2022) 449 1.3% 3,862 1.3% 12,444 1.3% 33,111 1.3%Historical Annual Change (2000-2017) 791 0.8% 7,814 0.9% 33,606 1.2% 89,018 1.3%

Average Household IncomeEstimated Average Household Income (2017) $113,298 $98,704 $98,463 $97,489Projected Average Household Income (2022) $131,130 $113,586 $114,137 $112,640Census Average Household Income (2010) $75,079 $68,614 $69,020 $70,143Census Average Household Income (2000) $57,444 $56,011 $57,646 $59,538

Projected Annual Change (2017-2022) $17,832 3.1% $14,882 3.0% $15,674 3.2% $15,151 3.1%Historical Annual Change (2000-2017) $55,854 5.7% $42,693 4.5% $40,817 4.2% $37,951 3.7%

Median Household IncomeEstimated Median Household Income (2017) $84,460 $77,131 $74,918 $76,314Projected Median Household Income (2022) $97,662 $89,102 $86,907 $88,858Census Median Household Income (2010) $56,905 $53,569 $51,976 $55,320Census Median Household Income (2000) $46,212 $45,406 $45,360 $48,503


Per Capita IncomeEstimated Per Capita Income (2017) $51,376 $42,947 $44,750 $39,947Projected Per Capita Income (2022) $58,789 $48,988 $51,295 $45,646Census Per Capita Income (2010) $34,583 $30,043 $31,365 $28,931Census Per Capita Income (2000) $26,482 $24,259 $25,849 $24,341

Projected Annual Change (2017-2022) $7,414 2.9% $6,041 2.8% $6,546 2.9% $5,699 2.9%Historical Annual Change (2000-2017) $24,894 5.5% $18,688 4.5% $18,901 4.3% $15,607 3.8%Estimated Average Household Net Worth (2017) $1,208,403 $1,006,490 $1,014,416 $1,017,245


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Lat/Lon: 45.4681/-122.6475RFULL9


Portland, OR 97202













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Lat/Lon: 45.4681/-122.6475RFULL9


Portland, OR 97202













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Lat/Lon: 45.4681/-122.6475RFULL9


Portland, OR 97202

Transportation To Work (2015)Worker Base Age 16 years or Over 8,234 76,301 236,508 656,420Drive to Work Alone 4,854 58.9% 46,440 60.9% 143,051 60.5% 430,129 65.5%Drive to Work in Carpool 667 8.1% 6,012 7.9% 18,920 8.0% 56,262 8.6%Travel to Work by Public Transportation 789 9.6% 9,100 11.9% 27,809 11.8% 65,384 10.0%Drive to Work on Motorcycle 51 0.6% 399 0.5% 1,034 0.4% 2,651 0.4%Bicycle to Work 715 8.7% 4,714 6.2% 13,311 5.6% 26,784 4.1%Walk to Work 321 3.9% 3,875 5.1% 13,980 5.9% 27,647 4.2%Other Means 23 0.3% 332 0.4% 1,296 0.5% 3,880 0.6%Work at Home 815 9.9% 5,428 7.1% 17,106 7.2% 43,684 6.7%

Daytime Demographics (2017)Total Businesses 793 7,391 31,327 66,602Total Employees 5,967 71,657 339,034 710,253Company Headquarter Businesses 3 0.4% 39 0.5% 223 0.7% 445 0.7%Company Headquarter Employees 321 5.4% 12,065 16.8% 48,320 14.3% 85,841 12.1%

Employee Population per Business 7.5 to 1 9.7 to 1 10.8 to 1 10.7 to 1Residential Population per Business 18.9 to 1 18.7 to 1 13.7 to 1 18.3 to 1Adj. Daytime Demographics Age 16 Years or Over 10,115 109,135 461,058 1,052,812

Labor ForceLabor Population Age 16 Years or Over (2017) 12,537 117,400 366,407 1,006,802

Labor Force Total Males (2017) 5,894 47.0% 57,426 48.9% 181,411 49.5% 492,935 49.0%Male Civilian Employed 4,243 72.0% 41,150 71.7% 128,249 70.7% 349,030 70.8%Male Civilian Unemployed 78 1.3% 1,239 2.2% 4,396 2.4% 11,632 2.4%Males in Armed Forces - - 50 0.1% 100 0.1% 321 0.1%Males Not in Labor Force 1,573 26.7% 14,987 26.1% 48,666 26.8% 131,952 26.8%

Labor Force Total Females (2017) 6,643 53.0% 59,974 51.1% 184,996 50.5% 513,868 51.0%Female Civilian Employed 4,145 62.4% 38,723 64.6% 116,035 62.7% 314,878 61.3%Female Civilian Unemployed 84 1.3% 1,060 1.8% 3,499 1.9% 9,584 1.9%Females in Armed Forces - - - - - - 14 - Females Not in Labor Force 2,413 36.3% 20,191 33.7% 65,463 35.4% 189,391 36.9%

Unemployment Rate 5,894 1.3% 57,426 2.0% 181,411 2.2% 492,935 2.1%

Labor Force Growth (2010-2017) 5 0.1% -43 -0.1% 25 - -118 - Male Labor Force Growth (2010-2017) 2 0.1% -27 -0.1% 26 - -77 - Female Labor Force Growth (2010-2017) 3 0.1% -16 - -1 - -41 -

Occupation (2015)Occupation Population Age 16 Years or Over 8,384 79,916 244,258 664,026

Occupation Total Males 4,241 50.6% 41,177 51.5% 128,223 52.5% 349,107 52.6%Occupation Total Females 4,143 49.4% 38,739 48.5% 116,035 47.5% 314,919 47.4%

Management, Business, Financial Operations 1,834 21.9% 14,552 18.2% 44,902 18.4% 120,809 18.2%Professional, Related 3,278 39.1% 25,397 31.8% 74,202 30.4% 178,282 26.8%Service 912 10.9% 13,209 16.5% 41,721 17.1% 117,145 17.6%Sales, Office 1,516 18.1% 16,327 20.4% 52,132 21.3% 149,020 22.4%Farming, Fishing, Forestry 22 0.3% 342 0.4% 1,294 0.5% 4,048 0.6%Construction, Extraction, Maintenance 219 2.6% 3,295 4.1% 9,695 4.0% 32,047 4.8%Production, Transport, Material Moving 602 7.2% 6,793 8.5% 20,313 8.3% 62,674 9.4%

White Collar Workers 6,628 79.1% 56,276 70.4% 171,235 70.1% 448,111 67.5%Blue Collar Workers 1,756 20.9% 23,640 29.6% 73,023 29.9% 215,915 32.5%

SNAPSHOT RADIUS: 1 MILE 3 MILE 5 MILE 10 MILE D A TA H I G H L I G H T S

T O P N E A R BY R E TA I L E R S :

> 1 0 9 , 0 0 0 D A Y T I M E E M P L O Y E E S W I T H I N 3 M I L E s

> 1 3 8 , 0 0 0 E S T I M A T E D P O P U L A T I O N W I T H I N 3 M I L E s

( E S T. ) G R O W T H o F > 1 0 , 0 0 0 B Y 2 0 2 2 W I T H I N 3 M I L E s

> 5 9 , 0 0 0 H O U S E H O L D S i n 3 - m i l e T R A D E A R E A

S I G N I F I C A N T R I S E I N H O U S E H O L D I N C O M E F O R E C A S T E D T H R O U G H 2 0 2 2 I N 5 m i l e r a d i u s

3 9 C O M P A N Y H E A D Q U A R T E R S W I T H I N 3 M I L E s

S TA R B U C K S , C O L U M B I A S P O R T S W E A R O U T L E T, T H E U P S S T O R E ,N E W S E A S O N ’ S M A R K E T, M I O S U S H I , O L D P O R T L A N D H A R D W A R E ,S E L L W O O D Y O G A , G R A N D C E N T R A L B A K E R Y, J A D E T E A H O U S E , R O S E C I T Y C O F F E E , S N A P F I T N E S S , O A K S B O T T O M P U B L I C H O U S E , F E D E X O F F I C E , B I K R A M Y O G A , S TA R S A N T I Q U E S M A L L

D E M O G R A P H I C & B U S I N E S S I N F O R M A T I O N



N i k e

Blue Ribbon Sports founded in 1964, in Eugene Oregon, took on the name Nike in 1971 when they prepared to launch their own line of footwear. As they expanded, they began manufac-turing apparel for a variety of sports, and moved their headquarters to an eight building campus in Beaverton, Oregon. The campus has expanded to 35 buildings and employs 8,500 peo-ple in the state of Oregon.

I n t e l

Intel was founded on a vision for semi-conductor memory products in 1968 by scientists Robert Noyce and Gordon Moore, and in 1971 they had introduced the world’s first microprocessor.

Intel has 82,500 employees worldwide, 18,600 of which are locally based at the company’s Ronler Acres Campus in Hillsboro, OR is undergoing a 3.6 million SF expansion that will bring in 1,000 additional employees.

I n t e l P r o v i d e n c e H e a lt h S y s t e m O r e g o n H e a lt h S c i e n c e s U n i v e r s i t y

F r e d M e y e r ( K r o g e r ) L e g a c y H e a lt h S y s t e m s N i k e

K a i s e r P e r m a n e n t e

1 8 , 6 0 0 1 6 , 1 3 9 1 4 , 9 6 3

1 0 , 8 1 3 8 , 7 0 0 8 , 5 0 0

1 1 , 8 9 8

L e a d i n g E m p l o y e r s

P o r t l a n d P u b l i c S c h o o l s 6 , 1 3 5 M u lt n o m a h C o u n t y C i t y o f P o r t l a n d B e av e r t o n S c h o o l D i s t r i c t

P o r t l a n d C o m m u n i t y C o l l e g e

W e l l s Fa r g o

U S B a n k

P e a c e H e a lt h S o u t h w e s t M e d i c a l C e n t e r

5 , 9 9 5 5 , 4 8 1 4 , 6 3 7

3 , 9 0 6

4 , 5 2 7

3 , 7 5 7

4 , 4 4 6

U n i t e d S tat e s P o s ta l S e r v i c e 3 , 5 3 3

U S D e pa r t m e n t o f V e t e r a n s A f fa i r s Va n c o u v e r S c h o o l D i s t r i c t

P o r t l a n d S tat e U n i v e r s i t y 3 , 3 7 8 3 , 3 0 0

3 , 4 1 8

E v e r g r e e n P u b l i c S c h o o l s 3 , 2 9 2

N e w S e a s o n s M a r k e t T r i M e t

D a i m i e r T r u c k s N o r t h A m e r i c a 3 , 0 0 0 2 , 6 4 5

3 , 0 0 0

H i l l s b o r o S c h o o l D i s t r i c t 2 , 5 3 9 P o r t l a n d G e n e r a l E l e c t r i c t 2 , 2 8 0 * Source: Portland Business Journal “2015-16 Book of Lists”

B U S I N E S S H I G H L I G H T S



PAGE 16

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OREGON REAL ESTATE INITIAL AGENCY

Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and

DISCLOSURE PAMPHLET

OAR 863-015-215 (4)

principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or

Real Estate Agency Relationships

principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the

An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"),

agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction.

Seller's Agent - Represents the seller only;

Buyer's Agent - Represents the buyer only;

Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same

property. This can be done only with the written permission of both clients.

The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at

the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real

estate agent.

Provided by Oregon Real Estate Forms, LLC 9/9/2013 OREF 042May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 1 of 3

pamphlet from another broker.

Oregon law provides for three types of agency relationships between real estate agents and their clients:

Definition of “Confidential Information”

Generally, licensees must maintain confidential information about their clients. “Confidential information” is information

communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the

real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell. “Confidential

information” does not mean information that:

a. The buyer instructs the licensee or the licensee’s agent to disclose about the buyer to the seller, or the seller instructs the

licensee or the licensee’s agent to disclose about the seller to the buyer; and

b. The licensee or the licensee’s agent knows or should know failure to disclose would constitute fraudulent representation.

Duties and Responsibilities of Seller’s Agent

Under a written listing agreement to sell property, an agent represents only the seller unless the seller agrees in writing to allow

the agent to also represent the buyer. An agent who represents only the seller owes the following affirmative duties to the

seller, the other parties and the other parties’ agents involved in a real estate transaction:

1. To deal honestly and in good faith;

2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard to

whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and

3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party;

www.orefonline.com

This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an

agency relationship between you and a broker or a principal broker.

This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.


A seller’s agent owes the seller the following affirmative duties;


1. To deal honestly and in good faith;

2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard

to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and

1. To exercise reasonable care and diligence;

2. To account in a timely manner for money and property received from or on behalf of the seller;

3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction;

4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated;

5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise;

6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination

of the agency relationship; and

7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a

seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract

for sale.

None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived

by written agreement between seller and agent.

Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing

properties for sale without breaching any affirmative duty to the seller.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise,

including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with

law.

Duties and Responsibilities of Buyer’s Agent

An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller,

even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the

seller’s agent.

An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’

agents involved in a real estate transaction:

3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party.

A buyer’s agent owes the buyer the following affirmative duties:

1. To exercise reasonable care and diligence;

2. To account in a timely manner for money and property received from or on behalf of the buyer;

3. To be loyal to the buyer by not taking action that is adverse or detrimental to the buyer’s interest in a transaction;

4. To disclose in a timely manner to the buyer any conflict of interest, existing or contemplated;

5. To advise the buyer to seek expert advice on matters related to the transaction that are beyond the agent’s expertise;

6. To maintain confidential information from or about the buyer except under subpoena or court order, even after

termination of the agency relationship; and

7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find property for the buyer, except that a

buyer’s agent is not required to seek additional properties for the buyer while the buyer is subject to a contract for

purchase.

None of these affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived by

written agreement between buyer and agent.

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O R E G O N R E A L E S T A T E D I S C L O S U R E


PAGE 17


Under Oregon law, a buyer’s agent may show properties in which the buyer is interested to other prospective buyers without


1. To the seller, the duties listed above for a seller’s agent; and

Disclosed Limited Agents have the following duties to their clients:

Duties and Responsibilities of an Agent

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise.

breaching an affirmative duty to the buyer.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise,

including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance

with law.

Who Represents More than One Client in a Transaction

One agent may represent both the seller and the buyer in the same transaction, or multiple buyers who want to purchase the

same property, only under a written "Disclosed Limited Agency Agreement” signed by the seller and buyer(s).

2. To the buyer, the duties listed above for a buyer’s agent;

3. To both buyer and seller, except with express written permission of the respective person, the duty not to disclose to

the other person:

a. That the seller will accept a price lower or terms less favorable than the listing price or terms;

b. That the buyer will pay a price greater or terms more favorable than the offering price or terms; or

c. Confidential information as defined above.

When different agents associated with the same principal broker (a real estate licensee who supervises other agents) establish

agency relationships with different parties to the same transaction, only the principal broker will act as a Disclosed Limited

Agent for both buyer and seller. The other agents continue to represent only the party with whom the agents have already

established an agency relationship unless all parties agree otherwise in writing. The principal real estate broker and the real

estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer:

1. To disclose a conflict of interest in writing to all parties;

2. To take no action that is adverse or detrimental to either party's interest in the transaction; and

3. To obey the lawful instruction of both parties.

No matter whom they represent, an agent must disclose information the agent knows or should know that failure to disclose

would constitute fraudulent misrepresentation.

You are encouraged to discuss the above information with the licensee delivering this pamphlet to you. If you intend

for that licensee, or any other Oregon real estate licensee, to represent you as a Seller's Agent, Buyer's Agent, or

Disclosed Limited Agent, you should have a specific discussion with the agent about the nature and scope of the

agency relationship. Whether you are a buyer or seller, you cannot make a licensee your agent without the licensee’s

knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

www.orefonline.com


Michael Manougian 2014-10-14 19:51 GMT

O R E G O N R E A L E S T A T E D I S C L O S U R E

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