The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andSignup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Introduction 2019 was an eventful year for the Oregon legislature. View Article. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. Email. We never stopped working even when we made the decision to leave the office to protect our employees from COVID -19. They should be considered by every real estate investor on every transaction. Visit and follow us on LinkedIn and Facebook!SVN | Bluestone & Hockley 4915 SW Griffith Dr. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. stores, shows how much retail real estate has changed in just the last decade. Finding a property that made sense was extraordinarily difficult. Now available in thin veneer to provide a more believable alternative to "fake" cultured. As has been the case for much of the recent crisis, borrowers are continuing to try to capitalize on favorable rates to refinance apartment properties—that is, when they can find lenders willing to close deals. Executive Director, SVN | Bluestone and Hockley. , SUITE 300, PORTLAND, OR 97219 OFFERING MEMORANDUMSVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW Beaverton Hillsdale Highway in Beaverton, Oregon. . It was the slowest monthly climb for prices since December. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. 462 likes. 2460 Turner Rd SE Marion County 9,000 Q4 20 - - SVN Commercial Advis… 2661 Cascadia Industrial St SE Marion County 7,764 Q1 21 - - Pacific NW Properties 395 Market St NE Marion County 7,600 Q2 21 - - Mosar Commercial Pro…1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… Laine Square Marion County 3,180 Q3 20 - - Doug Bean & Associat… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real EstateRead More News on SVN Bluestone & Hockley. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. After peaking at 100,000 branches in 2009, the number of bank. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. 1. High interest rates likely to make 2023 the slowest housing-market year since 2011 but no wave of foreclosuresSVN Economic Update: National Trends Interest Rates. 1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real Estate 1890 State St Marion County 2,514 Q2 21 - - Coldwell Banker Comm…Commercial real estate success story during pandemic! 1820 SE Burnside sold for $3,150,000. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Jan 2016 - Present7 years 8 months. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. One year ahead inflation expectations for rent ticked up 20 basis points to 9. Major. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. The Portland Diamond Project noted in an announcement this past week that it reached an agreement in principle with the Port of Portland to develop a ballpark on a 45-acre site, dubbed Terminal 2. Sources: Marketplace. SVN Economic Update: September 2023. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. The California State Capitol building. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Overview Vancouver Multi-Family 1,707 1,878 3. Brokerage. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. 2% 12 Mo. View Article Leased! 7,965 SF at the Ross Center in Happy Valley ong before the pandemic, multifamily developers throughout US cities were faced with a challenging environment; characterized by a scarcity of vacant land and compounded by restrictions on density and high construction costs. Manager, Community Property at Bluestone & Hockley Real Estate Services. 75% for nonprofits. The Buyer was in. Delivered Units 12 Mo. Basis for Calculations 1 cubic feet= 7. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. While your exact strategy will depend on your home state and business type, you can use this guide as a starting point to help you plan and prepare for the “new. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. . Eighty percent of work is defined as “collaborative. Cost segregation studies are a very effective way to shelter investment property. Office Leasing, as Companies Expand into New Markets. They should be considered by every real estate investor on every transaction. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. That is a piece of conventional wisdom that appears to transcend cultures. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Good news for US Housing Economy. We make no guarantee, warranty or representation. SVN | Bluestone Apr 2022 - Present 1 year 4 months. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. According to the Bureau of Labor Statistics, the US economy added 517,000 jobs in January while the unemployment rate was little changed at 3. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their. View Article. SVN Economic Update: January 13, 2023 CPI Inflation. As a result, companies are dusting off playbooks to reconsider the hub-and-spoke site selection model not just for their own corporate purposes but also. Banks and other financial institutions. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. View ArticleSince commercial real estate is a leverage business, many owners may need to restructure the loans secured by their properties to achieve more attainable economic terms and to avoid loan defaults, foreclosures and the loss of their properties. Leasing Portland Industrial While leasing activity has slowed as firms adjust expectations and needs in response to COVID-19, the industrial sector is holding up better than otherRead more news at SVN Bluestone. SVN Bluestone and Bluestone Real Estate Services. CPI Inflation The Consumer Price Index (CPI) rose 6. The Ester Lee Motel is an historic motel located along the Oregon Coast Highway overlooking the Pacific Ocean. These include banking and lending risks, insurance costs, and. SVN | Bluestone & Hockley is a Portland commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. SVN Research has published another economic update as we head into October and the final quarter of 2023! Interest Rate Decision/Economic Projections (1) At its September 20th meeting, FOMC officials left their benchmark interest rate unchanged, just their second pause since they began tightening rates in March 2022. As we showed up just on time, we found out many more people showed up than they. SVN Bluestone, Principal Broker If your desk is like mine, it might be a little cluttered. National Real Estate Investor ranked the hottest and the worst multi-family markets in the US for investors: The best markets for multi-family investors: Boston Denver Des Moines Raleigh/Durham Salt Lake City San Jose Seattle Charlotte Washington, DC The worst markets for multi-family investors: Cleveland Houston Kansas City Los Angeles New. SVN Research has published the latest Economic Update! AI and Commercial Real Estate (1) A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s potential impact on commercial real estate, a balanced view should be taken that considers both the economic risks of AI and its potential positive impact. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. Visit and follow us on LinkedIn and Facebook!SVN Economic Outlook: April 28, 2023 Q1 2023 GDP (1) The US economy grew at an annualized rate of 1. 9% 4. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. For the first time since 2018, The Federal Reserve’s policy-setting committee raised interest rates as they pivot away from recovery-focused accommodations towards a more aggressive fight against persistent domestic inflation. The Buyer was in. S. Then, we develop a management plan. Changes in Portland FAIR Access in Renting Ordinance. View ArticleThe SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Gen Z is surpassing millennials as the largest renter cohort dominating the multifamily market, which has comprised 42% of all CRE sales since the start of the pandemic, according to new Cushman & Wakefield data. Visit and follow us on LinkedIn and Facebook! Sign Up. i nfo@bluestonemgt. SVN Economic Update: April 2021 Covid Cases and Vaccinations. Visit and follow us on LinkedIn and Facebook!Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. S. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. com. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. Landlord and Tenant Law. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. Oregon opened with a bang in February passing statewide rent control, continuing with new mobile home park rules and finishing with some more state taxes. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. A Chinese saying that goes “Wealth does not last beyond three generations”, for example, is essentially stating the same belief as to the American expression, “Shirtsleeves to. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. . The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. All of us have been affected in one way or another. As a business owner and an owner of investment real estate I was not prioritizing the significance and urgency to set up the succession plan, so I ignored his advice. SVN | Bluestone and Hockley. 2% May Rent Collected so far; 91. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. SVN Bluestone and Hockley Brokers (represented seller) Cliff Hockley: 503-459-4359The Multnomah County Board of Commissioners unanimously voted Thursday to give renters 90 days of protection from eviction for non-payment of rent, now that the statewide eviction moratorium has come to an end. SVN Economic Update: February 10, 2023 January Jobs Report. View Article. Q&A with Jeff Roike, SVN Senior Vice President, Director Hospitality Council What’s going on, in general, in the hospitality asset class as a result of Covid-19? The current average market occupancy rates range between 3% – 20% nationally. Fuel Svn Belmont, Victoria, British Columbia. The Bluestone Real Estate Services team has managed residential and commercial property and community associations throughout the Willamette Valley, Oregon Coast and SW Washington areas since 1972. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Stay Connected. If you are considering selling, you may be cashing your chips in a little too soon. The roads were clear, and it was 50 degrees out. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. 4% Units paid so far; We are making good progress regarding our residential tenancies. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Remember when you learned how to ride a bike. North Bonneville, WA. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. Q&A with Reid Bennett, CCIM, National Council Chair of Multifamily What’s going on, in general, in the multifamily asset class as a result of Covid-19? Besides the obvious health and safety concerns associated with larger groups of people within close proximity, the multifamily industry is facing the immediate short term concern of tenants ability to pay. 4% 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth Portland's industrial sector was displaying strength evenBluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Suite 300, Portland, Oregon will host Eileen Day, CPA from Holmes and Company, LLP for a discussion on the new federal tax codes signed into law this past December and what these changes mean for real estate overall, and your investments. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. Bank branches across the US continue to bleed out as the COVID-19 pandemic rolls on, and experts caution that the impact on the CRE industry could be profound this year. Overview Vancouver Multi-Family 1,436 1,592 4. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. The SVN Bluestone team had the opportunity to tour the newest Co-Working space, VIDA Coworking: Make Life/Work, at 9400 SW Beaverton-Hillsdale Hwy with owner Melanie Marconi! The space features a. Absorption Units Vacancy Rate 12 Mo. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. . 9% 12 Mo. The complex is well maintained with a stable tenant base. . 5% year-over-year and just 0. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker and Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Cascade Cove Mobile Home Park is an 18 unit mobile home park. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. The property is located in NE Portland location with great WalkScore. Who expected a COVID -19 virus and planned for it? Who expected the government to tell residential and commercial tenants that they did not have to pay their rents? Who saved enough money in their property reserves to cover mortgage payments for three to six months or longer? No one. As the pandemic rages on both companies and their employees are looking to the suburbs for salvation, the theory being that the wider spaces in these city outskirts will make social distancing that much easier. 7% year-over-year, the lowest annual increase since October 2021. Expect Fewer Distressed Asset Opportunities Than in 2008. Multifamily Developers Struggle to Build Garden Apartments. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. SVN Bluestone Profile and History. 9%Executive Director, SVN | Bluestone and Hockley. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Delivered Units 12 Mo. . Senior Advisor. 2% 12 Mo. News & Information. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Delivered Units 12 Mo. Eviction Doomsday Isn’t Coming. hockley@svn. Overview Vancouver Multi-Family 1,682 1,820 3. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. We offer in-house support services, including financial analysis, research, and marketing. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. His thoughts focused on managing the company in case I was unable to. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. For tax payments of up to $10 million, the IRS has also. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . 9% 12 Mo. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. The yield on a 10-year US Treasury Bill rose to 1. To what degree will depend heavily on the property and the location. Economic Update for March 2023. – but is the world ready to hand over the safety of travel to computers? According to a. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. What is exciting is we were able to close the sale during the pandemic! This transaction was made possible due to the close collaboration between the buyer, seller, SVN Brokers Jim Wierson and Olesya Prokhorova, Gabe Johansen with SMI Commercial and Pioneer Bank. Economic indicator reports arrive regularly in a newsroom. 9%, and food up 10 basis points to 5. While the property is in a good location with great amenities and. The demand for office space nationally will be robust post-Covid and this will be to a growing and booming economy, which creates additional demand for office space, low unemployment, favorable fiscal and monetary policy, and new office space layouts The Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. 5 03. This is What the Upcoming Tenant’s Market Will Look Like. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. Stay Connected. Without overwhelming majorities in the House or Senate, President Biden will be. Property Tenancy Multi-Tenant. . On April 9, 2020, the IRS and Treasury Department issued Notice 2020-23, granting an automatic extension of returns and quarterly tax payments, until July 15, 2020, to comply with several federal filing and payment obligations in addition to those already extended, as well as time to perform certain time-sensitive actions. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. The prime location was ideal for the buyer. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. BEAVERTON, OR 97005 Patrice Cook Advisor 503. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 8: 5. 93. What is exciting is we were able to close the sale during the pandemic! This transaction was made possible due to the close collaboration between the buyer, seller, SVN Brokers Jim Wierson and Olesya Prokhorova, Gabe Johansen with SMI Commercial and Pioneer Bank. as well as real estate brokers that are part of our sister company SVN |. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Cost segregation studies are a very effective way to shelter investment property. 8% 7. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. The Waldport, Oregon hospitality property was a non-operational REO property. Executive Director, SVN | Bluestone and Hockley. A drop in lumber prices has invigorated demand for commercial building projects, especially for the multifamily product, Sherwood Lumber chief operating officer Kyle Little told CNBC last week. CONTACT US. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. By: Clifford A. 459. Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. At SVN Bluestone & Hockley, our Senior Advisors assist clients in the purchase or lease of commercial real estate, including hospitality, retail, apartment, office and industrial properties. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. 4359. Sources: Brannon Broswell, ICSC Branch Banking 2020, JLL Research Report Big banks are closing antiquated branches at a record pace, but they are also opening smaller and more digitally focused ones to better serve their customers, according to research from JLL’s Branch Banking 2020. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. We conclude with an in-depth look at the changes coming to the Paid Family and Medical Leave laws that will impact a large percentage of businesses and individuals in Oregon. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. Net operating income (NOI) is the driver of value in real estate investing. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. New Logo to Ring in the New Year. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. SVN | Bluestone & Hockley is a Portland commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial. 3%. View Article. 1% 12 Mo. Three. 137 likes · 1 talking about this · 32 were here. The face of campus retail is changing. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. His focus is on the Clark County, Washington multifamily marketplace. A majority. But in fact, in addition to inspecting your property on a regular basis, keeping it well maintained and having great communication with your property manager, accounting for your income and. Three Charitable Giving Solutions to Consider for Year End Strategies Your Clients Can Use Right Now It may seem too early to talk about year-end planning. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Image via pxhere A bill that caps annual rent increases to 5 percent passed the state legislature and is expected to be signed into law by Governor Newsom. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. Building Class B. The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. Property Size 60,115 SF. In the end, the Buyer assumed the existing CMBS financing with the Seller paying all assumption costs and agreeing to a price reduction, but it added tension to the deal, and it involved attorneys to sort it out. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. Industrial Property Lease Terms Get Shorter and Shorter. Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. When our city and state were met with shutdowns and stay-at-home orders, there was a lot of uncertainty about how the real estate market would fare, and while there was a slight pause for about a week, the local Portland market has been full speed. Experienced Commercial Real Estate Brokers in Portland Oregon. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. You are responsible. The Buyer had to find a financial institution (a credit union) that was willing to place four separate loans on the portfolio so that in the future, they could trade pieces of the portfolio without the limitation of one loan lumping. Delivered Units 12 Mo. . A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. Wealth may pay, but it may not stay. Visit and follow us on LinkedIn and Facebook!The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 0-5. The yield curve, a measure of interest rate differences between short-dated and long-dated securities, has similarly continued along a path of recent recovery. The report shows that for the first time, nonstore retail sales, which include e-commerce sales, totaled more than those for the department stores that anchor most traditional Class B and Class C malls. In fact, in some areas, it has flourished. It was a Saturday night, like any Saturday night in Portland, Oregon. While the specifics may be different, the industrial sector is lighting up across the western region. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. SVN Economic Update: August 11, 2023. Overview Portland Multi-Family 7,390 10,627 5. Open by appointment only. The Portland City Council voted on June 29, 2022, to roll back several more burdensome regulations that were passed as part of the Fair Access in Renting Ordinance (FAIR) in 2020. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. The property was a mixture of multi-plexes, and the Seller’s motivation was to sell the portfolio as one to simplify their exit strategy. Leasing Portland Industrial While leasing activity has slowed as firms adjust expectations and needs in response to COVID-19, the industrial sector is holding up better than other For your property management needs, visit the Bluestone Real Estate Services website. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Lot Size 8. Understanding the terms of your tenants’ leases and. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Sources: Marketplace. 3800. Thanks to the Tax Cuts and Jobs Act of. As one of. Foxstar Apartments is a 20 units complex situated in East Portland. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. SVN Bluestone & Hockley 2019 Recap and Successes. . ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. Leased! 7,965 SF at the Ross Center in Happy Valley. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. 222. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. 3800 Cliff Hockley Executive Director 503. 1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real Estate 1890 State St Marion County 2,514 Q2 21 - - Coldwell Banker Comm… Commercial real estate success story during pandemic! 1820 SE Burnside sold for $3,150,000. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. within the last decade, spreading from tech startups to. Visit and follow us on LinkedIn and Facebook! Sign Up. Brian Resendez, CCIM serves as Senior Vice President Hotels & Land for SVN | Bluestone in Portland, OR, and is Founder and Owner of Northwest Hotel Investor. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. But some aspects of our lives don’t take time off, and if you operate a business in leased real estate, your lease obligations won’t take hiatus. More time for you. The annual inflation rate has now fallen for six consecutive months. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. 5% year-over-year and just 0. 1409 Franklin Street, Suite 203. Overview Portland Industrial 2. Eric Castle, Managing Director SVN Bluestone. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. View Article. Henry Ford, the father of Ford Motors, had a relentless focus on planning. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. 1% month-over-month, according to the latest numbers from. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. Delivered Units 12 Mo. Our new brand more accurately represents the company’s. Landlords of warehouse and distribution properties may look to shorter leases to capitalize on burgeoning e-commerce-driven demand, with the pace at which average lease terms are. At Sperry Van Ness she is one of the top-producing brokers, ranked in the top 10% of over 1,000 brokers nationally in 2013. 5% 12 Mo. 17933 NW Evergreen Place, Beaverton, OR 97006. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. Real estate appraisers in Oregon, are carefully threading the needle of real estate valuation, as they assess the COVID-19 coronavirus and its impact on real estate supply and demand. When KKR & Co. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. ” But underneath, they are nervous. , Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7. 3M 229K 4. View ArticleBy: Clifford A. The company is headquartered in Beaverton, Oregon. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The relief generally applies to all obligations that otherwise would.