CBRE Facilitates Sale of StoneRidge at Cornell Multifamily Property in Portland

CBRE has successfully facilitated the sale of StoneRidge at Cornell, a garden-style multifamily community located in Portland, Oregon. The 233-unit property was sold to an undisclosed buyer with CBRE’s Josh McDonald and Joe Nydahl representing the seller.

Situated on 16 acres at 14800 NW Cornell Road, StoneRidge at Cornell offers one- and two-bedroom units averaging 820 square feet. Its prime location is within close proximity to the Sunset Transit MAX Light Rail station, providing easy access to downtown Portland, Hillsboro, Portland International Airport as well as various employment and recreation centers.

According to Josh McDonald from CBRE: “StoneRidge at Cornell’s strategic location near major employers and transportation hubs makes it a highly desirable property for renters. With limited new supply in the Beaverton/Hillsboro area expected through Q2 of 2026 (less than 600 units), we anticipate strong rental growth and sustained demand.” This projection is supported by CBRE research which indicates that this limited delivery of new supply will likely lead to upward pressure on rents in the area.

Overall,CBRE’s successful facilitation of this transaction highlights their expertise in navigating complex real estate deals while also showcasing their abilityto identify valuable investment opportunities for both buyersand sellers alike.

Steve Griffin

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