As I have mentioned before, Portland's South Waterfront has not developed quite in the way that city leaders and investors had hoped. Two of the main towers have fallen into a bit of trouble, due to a lack of sales and empty units the lenders for the John Ross and Atwood buildings have taken over control. While owners residents won't see any difference, buyers now have to have the lenders signatures on sales, which will probably slow down closing dates. Many people don't think this will be an issue, as a buyer's agent I can tell you that buyers don't want to wait too long to move into a new place, or to hear back on whether an offer is going to be accepted. This may turn off more buyers than the empty units and lack of development in the South Waterfront.http://blog.oregonlive.com/frontporch/2009/08/story_archive_south_waterfront.html#more
Many investors have strong feelings about real estate either for or against. It's better to stay only in those markets that are liquid that are easy to understand and deal with, and that offer an attractive compromise between risk and reward.
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