75% for nonprofits. We don’t discriminate based upon size. . 5 billion price, in part, because of the supposedly valuable properties that came with the deal. Email. 459. We are more than just brokers, we are. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. 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. 2% from one year ago, roughly in line with last month’s increase and climbing just 0. 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. . By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Investing in real estate is a funny thing. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. SVN Economic Update: August 11, 2023. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. The best in sports nutrition and supplements! We offer the widest variety and best pricing for all yThe 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. ” But underneath, they are nervous. A real estate market that is now officially on the map in the eyes of institutional and private capital. Economic indicator reports arrive regularly in a newsroom. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. Email. 7% 9. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. All of us have been affected in one way or another. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. Connect Samantha Jordan Portland, OR. We are all wondering if brokers and investors can find deals during the pandemic. 2%, gas up 40 basis points to 4. Shortly after the November 3, 2020 elections, SVN | Bluestone and Hockley, Bluestone and Hockley Real Estate Services, Moss Adams (certified public accountants) and CKR Law Group (specializing in tax appeals) co-sponsored a seminar on new taxes that businesses, high net worth individuals and real estate investors will incur in 2021. There was a title. We never stopped working even when we made the decision to leave the office to protect our employees from COVID -19. 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. 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. With the recovery well underway and an unprecedented amount of fiscal stimulus still making its way through the economy, it is no longer just a fringe cohort of pundits thinking that the US may, once again, be heading toward a period of sustained higher inflation. cook@svn. A real estate market that is now officially on the map in the eyes of institutional and private capital. For your property management needs, visit the Bluestone Real Estate Services website. In fact, in some areas, it has flourished. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. 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. Jan 2016 - Present7 years 8 months. – but is the world ready to hand over the safety of travel to computers? According to a. Absorption Units Vacancy Rate 12 Mo. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. Property Size 60,115 SF. On February 18, 2020, SVN Bluestone & Hockley hosted a class on the new ordinances, and their impact, to over 70 clients and colleagues! The class was presented by Russell White, Director of Residential Property Management at Bluestone & Hockley who not only has two decades of residential property management experience but has also been on. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. 5% year-over-year and just 0. Real Estate investors forget how important accounting is to their investment success. Absorption Units Vacancy Rate 12 Mo. View Article. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. Leased! 7,965 SF at the Ross Center in Happy Valley. Advisor Kevin Wingate-Pearse brought this deal to an investor. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. We are a leader in the. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. Often, it’s a small group of people who. Resident Relationship Manager at Bluestone & Hockley Real Estate Services Elsa Sandoval is a Resident Relationship Manager at Bluestone & Hockley Real Estate Services based in Portland, Oregon. Core prices, which exclude food and energy rose 4. 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. It was the slowest monthly climb for prices since December. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Wealth may pay, but it may not stay. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 3M 229K 4. 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. 00/SF/YR. 0%. There has been a shift in demand for rental housing due to demographic and other changes in our society. Q&A with Ryan Imbrie, CCIM, Managing Director and SVN Retail Product Council Chair What’s going on, in general, in the retail asset class as a result of Covid-19? Retail tenants are experiencing a devastating impact as a result of the COVID-19. i nfo@bluestonemgt. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Lest anyone be confused, COVID 19 is driving our current regional and national economy. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. The Fed Raises Interest Rates 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. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. Stay Connected. Guide to Reopening Business Amid Covid-19: Landlords. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. The growing open floor plan trend has taken root in offices everywhere, but what was once thought as the solution to increased collaboration, many believe is slowly destroying the workplace. Posted on by SVN. The client of SVN Bluestone & Hockley advisor Cliff Hockley only had a limited amount of time to identify the up-leg of a 1031 exchange and close on both deals. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. Our Properties. 51-100. 5% year-over-year and just 0. com 503. Appraisals and Covid-19 Presentation- June 2020. Visit and follow us on LinkedIn and Facebook!SVN Bluestone, Principal Broker As we near the mid-point of 2023, the Portland apartment market has shifted dramatically from 2022 which was a record-breaking year. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. His thoughts focused on managing the company in case I was unable to. Three. By: Clifford A. This is the main concept I want to deliver in this article. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 2021 Portland Tax Changes. Basis for Calculations 1 cubic feet= 7. Untrained and Confused. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. Finding a property that made sense was extraordinarily difficult. After getting off the phone and arranging for her flight to Florida, Jaime wondered. Stay Connected. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. Bluestone and Hockley Real Estate Services. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. While the June pause was intended to start a “wait and see” approach by officials, their meeting minutes and commentary in recent weeks suggested to the market that they were prepared to. Building Class B. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. The company is headquartered in Beaverton, Oregon. as well as real estate brokers that are part of our sister company SVN |. The transaction closed in March of 2021. There are 60 or so developments under construction valued at $10 million or more. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. Experienced Commercial Real Estate Brokers in Portland Oregon. We scrimped and saved and after three years we purchased a 6000 square foot building. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. Today we are delving into the 2016 Top Retail Markets to Watch. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Understanding the terms of your tenants’ leases and. The property is located in NE Portland location with great WalkScore. The fall of the Toys “R” Us chain, with more than 700 U. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. 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. 7% year-over-year and 0. SVN | Bluestone Beaverton, OR (503) 459-4387. 76976. 462 likes. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. 48 * 1440 = 10771. 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. 1% month-over-month, according to the latest numbers from. However, due to personal issues, a decision was made to sell the property. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. 222. 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. The Consumer Price Index (CPI) rose 6. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. In Vancouver’s case they extended the time from 30 days’ notice to 45 days’ notice for an increase of 10% or more in a 12 month period. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, President, Bluestone and Hockley Real Estate Services Executive Director, SVN Bluestone and Hockley Ever wonder why some people are wealthy and others are not? Do theyThe SVN Bluestone investment team of Cliff Hockley, Jim Wierson II, and Olesya Prokhorova sourced a transaction for a client that involved a complicated 1033 Exchange. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 6% and registering well below the Dow Jones consensus forecast of 2. Portland's biggest construction projects right now. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Manager, Community Property at Bluestone & Hockley Real Estate Services. SVN Economic Update: January 13, 2023. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. Eighty percent of work is defined as “collaborative. It employs 6-10 people and has $0M-$1M of revenue. One year ahead inflation expectations for rent ticked up 20 basis points to 9. . 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. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. Overview Vancouver Multi-Family 1,682 1,820 3. Jan 2016 - Present7 years 8 months. The hotel sold for $1,00,000 and will be converted to affordable housing. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. Foxstar Apartments is a 20 units complex situated in East Portland. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. 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. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. . Stay Connected. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. SVN | Bluestone & Hockley 4915 SW Griffith Dr. The Four Phases of Recovery We Can Expect Next Year. 5% . Thanks to the Tax Cuts and Jobs Act of. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. We recently had an environmental engineer call out the registration issue. The annual inflation rate has now fallen for six consecutive months. Then, we develop a management plan. When it’s time to return to the office and reopen business there are multiple things to consider. The tenant, Make Life Work DBA Vida Coworking, will occupy over 12,000 SF in this highly visible and well-trafficked location!SVN Economic Update: March 2022. Federal Resources SBA Economic Injury Disaster Loan Program SBA is providing low interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. 3800. SVN|Bluestone advisor Kevin Wingate-Pearse used the interest the property produced to gradually lower the offering price to 2014 market rates, and successfully negotiated with both banks to reduce the amount for their notes. As one of. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . Overview Portland Industrial 2. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. We are all wondering if brokers and investors can find deals during the pandemic. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. Not the largest or the most actively contested markets, the 2016 Retail Markets to. Visit and follow us on LinkedIn and Facebook! Sign Up. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The event was a tremendous success. We begin by listening to them. 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. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. The Buyer was in. Back Submit. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. VANCOUVER AVAILABILITY. SVN | Bluestone is a Portland commercial real estate brokerage firm specializing in the sale of commercial, multifamily and hospitality properties, and the leasing of regionally located. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 5% year-over-year and just 0. Banks and other financial institutions. SVN | Bluestone Advisors work with properties ranging in scope and scale from a small apartment property in a tertiary market to large institutional caliber multi-state portfolios. When KKR & Co. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. , 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. The Owner of the property had been long-term owners and built property. . Suite 300, Portland, Oregon will conduct a. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. Absorption Units Vacancy Rate 12 Mo. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. 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. 54836. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. Landlord and Tenant Law. 13% as of January 8th, 2021— the highest level since March 18th, 2020. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. One of the most visible and devastating impacts of the state’s stay-at-home order to protect us from the human health crisis presented by COVID-19 has been mass layoffs. Our new brand more accurately represents the company’s. An accomplished real estate broker since. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. 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. It is your responsibility to independently confirm accuracy and completeness. Economic output has slowed from Q3 2022, when real GDP grew at. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. 1 These clauses remained relevant as interest rates were high - but interest rates have. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. 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. Two years after the start of the COVID-19 pandemic and after multiple setbacks for planned returns to the office, tech companies remain the single largest driver of. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 3800 Cliff Hockley Executive Director 503. . Many years ago, our attorney advised us to implement a succession plan. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. It provided an opportunity for local commercial property owners/managers to connect with experts in commercial real estate. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. com. SVN Economic Update: January 13, 2023. Senior Advisor. The health care establishment has yet to consider its patients as customers. . Portland, OR. Executive Director, SVN | Bluestone and Hockley As an owner of a company with between 80 and 100 employees, we have been pondering if we should be going back to work at the office. North Bonneville, WA. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. Now available in thin veneer to provide a more believable alternative to "fake" cultured. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. While the property is in a good location with great amenities and. Fed Interest Rate Decision (1) On July 26th, The Federal Reserve raised its benchmark interest rate by 25 bps, reversing a pause in rate-hikes that occurred in June. Despite the broader rise in inflation expectations, they remain well. ”On Thursday, September 29, 2016, SVN Bluestone & Hockley co-hosted a seminar on “Due Diligence in Commercial Real Estate Transactions” with Dunn Carney Allen Higgins & Tongue LLP. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. 7% 9. Industrial Experts Address Challenges Amid Historic Demand. 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. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. 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. It was a great building and we owned it for. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. com. More time for you. Our new brand more accurately represents the company’s. Successfully operating your buildings is the goal for all. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. 4% Units paid so far; We are making good progress regarding our residential tenancies. 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. 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. 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. Contact SVN Bluestone and Hockley Advisors for. But Who Are They and What Do They Ask For? It is survival of the fittest in the retail universe, as those retailers considered essential by government officials and well-capitalized will remain viable post-pandemic, while those who are not are falling behind. Executive Director, SVN | Bluestone and Hockley. Posted on November 30, 2018 by SVN To cap off November, Five for Friday features Brian Resendez, CCIM, a Senior Advisor at SVN | Bluestone & Hockley in Portland, Oregon. . Eric Castle, Managing Director SVN Bluestone. Penalties The following chart show the potential of a penalty for each type of infrac-tion based on the ordinance. com. Core. SVN Bluestone and Hockley Brokers (represented seller) Cliff Hockley: 503-459-4359 The 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. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. 4359. For Lease $23. 2% 12 Mo. SVN Bluestone, Principal Broker. We make no guarantee, warranty or representation. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. 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. Kristin Schaff, Executive Vice President, SVN Bluestone. Contact SVN Bluestone Advisors Jim Wierson II or Olesya… Liked by Joseph Aiston Heard a retail investor complain about 10% rent cap for residential, and explained that is the reason they don't. SVN Bluestone & Hockley chockley@bluestonehockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 9% 12 Mo. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. In this presentation, Blake will present the latest updates on the City of Portland’s ordinance changes for Unreinforced Masonry (URM) buildings, including placarding and. Her grandmother had passed away and had appointed Jaime the executor of her estate. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. It is the final article detailing many of the Oregon laws that were. . Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. The California State Capitol building. 459. By: Clifford A. SVN | Bluestone Apr 2022 - Present 1 year 4 months. For decades, universities were known for their dearth of retail beyond a college bookstore. 4341 patrice. 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. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Economic Update: January 13, 2023 CPI Inflation. View Article. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Loan repayment terms vary by applicant, up to a maximum of 30. There’s land, there’s labor and then there are governmental regulations. We strive to build long-term relationships with our property owners and tenants. The property also has easy access to MAX transit line and to downtown Portland jobs. Delivered Units 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. 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. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. You are responsible. . Recessions generally occur when there is a widespread drop in spending. Office Leasing, as Companies Expand into New Markets. 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 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. 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. Brian leads the Hotels Group at SVN | B&H, and specializes in the purchase and sale of hospitality properties in Oregon, Washington, California, and Idaho. Open by appointment only. Stay Connected. One of the factors that has maintained rent collections is the $600/week federal unemployment aid that is set to expire on July 31 st. Portland Metro. That scenario could leave many companies weakened and some unable to survive the transition. We. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Albeen, CCIM, EVP What’s going on, in general, in the area of office properties as a result of Covid-19? From an operational perspective, many office buildings are in states of partial or total shut-down due to a combination of government action forcing the issue and. resendez@svn. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. View Article.