Local Business

Foreclosure rates in Medford increased in August over the same period last year, according to research firm CoreLogic.

The foreclosure rate among outstanding mortgage loans in Medford was 4.28 percent in August, an increase of 0.85 percentage points compared with August of 2010, when the rate was 3.43 percent.

Santa Ana, Calif.-based CoreLogic reported Medford's mortgage delinquency rate increased from a year earlier. In August, 8.13 percent of mortgage loans were 90 days or more behind compared with 7.77 percent for the same period last year.

Carl Coffman, president of Norway Development of Oregon City, has turned over leasing and management of the renovated Historic Sparta Building on the corner of East Main Street and Riverside Avenue in downtown Medford to Henselman Realty & Management.

Coffman purchased the century-old Sparta Building in 2010. The ground-floor space of 6,000 square feet may be divided, while the upstairs will house Class A historically correct executive offices, with full disabled access and facilities. The building is slated for completion in January.

Henselman Realty & Management can be reached at 541-772-4388.

The Heart of Medford Association's first "Day Banner" is on display in front of the Downtown Market Co., 231 E. Main St.

The organization's design committee has worked with the city to gain permits and right-of-way variances for several years.

John David Duffie, a local architect and chair of the HMA Design Committee, said the sample will encourage other merchants to participate.

The program calls for merchants to display their banner during open hours. They will be of similar design, with the center open for each merchant's information. The brackets and attaching clips are manufactured by a local fabricator, and the banners are printed by a local printing company.

The program is open to merchants in the downtown corridor. Interested businesses can contact the HMA office, 33 N. Central Ave., Suite 408. For an application, email heartofmedford@gmail.com or download one from the HMA website, www.heartofmedford.com.

Medford-based drive-through coffee retailer Human Bean reported it raised more than $81,000 for breast-cancer causes during its sixth annual "Coffee for a Cure" event.

Human Bean shops in Jackson, Josephine and Klamath counties accounted for more than $39,400. Local proceeds went to Providence Medford Medical Center, Rogue Valley Women's Imaging, Three Rivers Women's Imaging and Sky Lakes Medical Center.

Snowberry Brook, a 60-unit housing complex built along Clay Street in Ashland by the Jackson County Housing Authority, was one of several publicly funded projects honored by Oregon Housing and Community Services at its recent conference in Salem.

Snowberry Brook was named Best New Affordable Housing, based on its design, proximity to schools and services, and its green-building features.

Compiled from staff reports

Share This Story