State Highway Commission v. Feves

The State of Oregon through its Highway Commission commenced this action on October 22, 1959, by filing a complaint for the condemnation of a parcel of land in the city of Portland on which was located a multiple storied furnished apartment house owned by the defendants.

The defendants filed an answer to the complaint in which they alleged that the fair cash market value of the real property sought to be acquired, together with improvements, furniture, and furnishings and fixtures was $185,000.

Thereafter the parties entered into two stipulations in writing by which they agreed “as a matter of…