Portland developer who built Pearl District alleges confidant siphoned $1 million

A Portland real estate stalwart is suing his longtime assistant and caregiver, alleging the younger man misappropriated more than $1 million with plans to transfer the money offshore.

Homer Williams, credited with redeveloping the Pearl District and South Waterfront before turning his attention to homeless shelters via his Oregon Harbor of Hope nonprofit, filed a lawsuit against Mohamed “Mo” Badreddine this week in Multnomah County Circuit Court.

Badreddine, 35, is an up-and-comer in real estate circles who made a push in the past decade to move the Union Pacific Railroad from its Albina Yard facility, opening the 200 acres up to redevelopment. The Portland Albina Rail Yard Relocation Project didn’t gain much traction beyond a letter of support from then-Mayor Ted Wheeler…

Story continues

TRENDING NOW

LATEST LOCAL NEWS