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Tessera at Orenco Station, Tessera at Orenco Station, a 304-unit multifamily property, was purchased for $85 million.

HILLSBORO, OR—Since 2013, improving economic conditions in the housing market area have led to increased net in-migration, averaging 24,800 people annually, with the Portland, Beaverton-Hillsboro and Vancouver submarkets comprising 47, 28 and 25% of the housing market area total, respectively. Population growth in the Beaverton-Hillsboro submarket is anticipated to continue at the same rate, gaining 9,975 people or 1.4%, a year, reaching 713,300 people by the end of the three-year forecast period or approximately next year, according to the US Department of Housing and Urban Development.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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