With other investors, O'Connell's biggest project was a $30 million purchase and redevelopment of the formerly University of Oregon-owned Westmoreland Village duplex and fourplex property in 2011.
Because the properties are a fourplex and two family respectively, they are smaller than what we would like to keep in our management portfolio for the area, and so the decision was made to list the properties for sale." Blumenkehl said the Boyd Ave.
Property values are rising and the fourplex co-op is likely to be turned into a condominium development--too rich for most of the original inhabitants, who in society's eyes are losers existing on handouts and drowning as social services and subsidies shrink.
Fourplex owners were devastated to find that, in some cases, their property values had plummeted in less than a decade from more than $160,000 to less than $60,000.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.