Posts tagged SW Portland
Koin Tower #2103 | $625,000

Simplify your life without compromising your lifestyle in this unique condo. With views of the city and West Hills, this unit is the perfect blend of classic design and contemporary style. The expansive light-filled interiors feature a flexible floor plan with the potential to add a second bedroom or simply enjoy it in its current state. Located in the heart of the Cultural District, in one of Portland's most quintessential buildings, just steps from shopping, restaurants, museums & the Keller. Click here for more information!

Mark Your Calendar for the Oregon Symphony
New Price! 2608 SW Buena Vista Place $2,100,000

Stunning Portland Heights estate overlooking the city. Enjoy classic details and modern amenities.

Click here for more information.

Coming Soon to NW 23rd!

By Katherine Chew Hamilton, POMO

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Say goodbye to cucumber cream cheese sandwiches and hello to sencha quinoa, masala chai morning buns, and rose-pistachio rubble. Chef and forager Karl Holl, PoMo’s 2018 Chef of the Year and culinary consultant for Smith Teamaker, is helming the menu at the company’s new Andee Hess-designed cafe, slated to open May 29 at 500 NW 23rd Ave on the late namesake teamaker’s birthday. The vegetarian, plant-focused menu will incorporate Smith’s teas into dishes in creative ways, ranging from jasmine-roasted beets to sheep’s cheese infused with tea powder. “My goals were, how can we highlight our tea—[creating] a new tea time, in a sense?” Holl says.

Holl’s approach to working with tea as an ingredient? Use it like a spice—sparingly, not overpoweringly. Jasmine tips replace the thyme sprigs he’d typically use to roast a rainbow of beets; the beets are then thinly sliced like sandwich meat, layered with avocado, veggies, and powdered White Petal tea blended into sheep’s cheese, all sandwiched between Grano Bakery’s spelt bread to make the Garden Sandwich. For one of his breakfast cups, Holl will combine coconut yogurt with Red Nectar tea-infused strawberry jam, toasted coconut, orange zest, fennel pollen, and a concoction he calls raspberry-rose rubble: rose petals, toasted genmaicha, pistachios, and white chocolate. The Smith Bowl will combine sencha-infused quinoa with tea-plumped raisins, kale, apples, spiced sweet potato, and chai walnuts. For dessert, Holl will offer thumbprint cookies filled with tea-infused jam, among others (he’s been playing around with tea cookies for a while).

Because the tea flavors are mild, Holl says, you can pair these dishes with any of Smith’s numerous tea options, whether served hot by the cup or the pot, in a curated tea flight, gaiwan-style, iced, in a nonalcoholic tea cocktail, or pulled from the espresso machine to make a latte. And not every dish involves tea—take, for example, the turmeric noodles with Napa cabbage, pickled carrots, and herbs that were a hit during Holl’s pop-ups at Smith Teamaker over the summer, or the buckwheat peanut butter miso cookies on the dessert menu. But Holl is confident he can turn visitors into tea-loving converts if they aren’t already.

“Kind of funny—pre-working with Smith, I was an avid coffee drinker, not so much a tea drinker,” Holl says. “But if you know me, you affiliate me with a couple of things, and it’s pigs, mushrooms, and plants.... Our ethos aligned [with] my style of cooking—being connected deeply to where my food comes from... What we do at Smith is very much in the same form of how we source our ingredients—very connected and thoughtful,” he says. After a tea tasting with Smith’s head tea maker, and a discussion of their similar approaches toward building flavor, Holl says, “I instantly fell in love with tea.” 

Smith Teamaker, opening May 29; 500 NW 23rd Ave, indoor and covered outdoor seating available, plus takeout and delivery, 9 am to 5 pm.

Home Prices Have Hit a New High - Is the Housing Market About to Crash?

By Clare Trepasso

With home prices at a new record high and homes flying off the market in hours in some cases, it’s no wonder that Google searches for “when is the housing market going to crash” have spiked dramatically in recent weeks. After all, the mania seems reminiscent of the run-up to the housing bubble in the mid-2000s—and we’ve all been told that what goes up must eventually come down.

However, housing is likely to keep defying common sense. Experts say there’s no reason to prepare for a crash landing like we experienced in 2008 and 2009. This time around, the reason for the out-of-control prices is simply that there are many more buyers than there are properties for sale. Another simple rule: Prices rise when there is more demand than supply. Crazy, it seems, is the new normal.

Portland Heights Remodel Overlooking the City

Tucked away on a private lane overlooking the city and mountains, this 1923 Colonial was built with timeless character and exquisite details. Impeccably maintained, this Sutton & Whitney-designed residence has been remodeled and updated. A gracious entry introduces the public rooms and leads to the kitchen/family room. This estate would be a privilege to call home as it provides the perfect balance of accessibility, privacy, and a sense of sophistication. Close to trails, high tech & downtown.

1031 Extensions Granted: COVID-19 Important Information Regarding IRS Extended Deadlines

On April 7, the IRS issued Notice 2020-23, extending a variety of deadlines, including 1031 deadlines. Although the Notice is confusing, because it is not written like the typical Disaster Relief Notices, this Notice extends any 45-day or 180-day deadline that occurs between April 1 and July 14, to July 15, 2020.

1031 Fund Security

A major role of a Qualified Intermediary is to safeguard taxpayer funds during a 1031 Exchange. Since Qualified Intermediaries are not regulated by the federal government or by most states, financial assurances, expertise, company strength and reputation are critical factors.

Real estate professionals are working to convince the IRS to change the start date from April 1st to January 20th so that the extensions apply to more taxpayers. Please note that this is different from the usual disaster extension that provides for an extra 120 days.

Here are two examples to illustrate the current extension.

Example 1: Exchange began April 1, 2020. 45th day is May 16, which would be extended to July 15, 2020. Taxpayer must still close on replacement property by Sept 28, which is the 180th day; because Sept 28 is after the last day of the disaster period (July 15).

Example 2: Exchange began Dec 31, 2019, 45th day is Feb 14, 2020. ID period is not extended because it is before April 1. The 180th day is June 28, which would be extended to July 15, 2020. As always, exchangers should speak with their tax advisors to determine if they are eligible for an extension.

This remains a fluid situation and should be confirmed with the IRS.