By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. There were also limited records kept for the property. The prime location was ideal for the buyer. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. SVN Bluestone, Beaverton, Oregon. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. In this Economic Update you'll find the latest data on affordable housing, REITs, Apartment Rentals and Apartment Investment Market Index (AIMI), Single-Family rentals, and trends within the Self-Storage, Office, Industrial, and Retail asset classes. The program will require both business tenant and property owner participation. When KKR & Co. 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. Banks and other financial institutions. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. To ensure each of our owners, tenants and entrepreneurs have access to the most updated resources, we are providing this newsletter to give you information that may be valuable to you. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. 75% for small businesses and 2. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. 459. Real GDP increased at a 2. 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. 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. 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. Then, we develop a management plan. 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. It was the slowest monthly climb for prices since December. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. 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. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. 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. Jan 2016 - Present7 years 8 months. Cascade Cove Mobile Home Park is an 18 unit mobile home park. View Article Guide to Reopening Business Amid Covid-19: TenantsThe 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. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. 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. 3M 229K 4. 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 even Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. We strive. 9% 12 Mo. Are cannabis grows, or cannabis retailers good investments? Potentially they are, but they carry risks that more traditional uses do not, and it is important to evaluate the full risk profile of the property. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. 13% as of January 8th, 2021— the highest level since March 18th, 2020. CONTACT US. 1% month-over-month, according to the latest numbers from. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. These loans carry an interest rate of 3. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Leased! 7,965 SF at the Ross Center in Happy Valley. 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. . View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. The annual inflation rate has now fallen for six consecutive months. Industrial Property Lease Terms Get Shorter and Shorter. 618 BUILDING | 618 NW GLISAN ST. Read more news at SVN Bluestone! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The roads were clear, and it was 50 degrees out. 25% while. cook@svn. Suite 300, Portland, Oregon will conduct a. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Visit and follow us on LinkedIn and Facebook!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. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. S. More time for you. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Property Type Office - General Office. 7% 9. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 4359 As long as interest rates are low, this is a good investment strategy but if interest rates increase as we expect them to, this becomes more problematic, especially for those that will only be holding real estate for the short term. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. SVN Bluestone & Hockley Senior Advisors represented the buyers. Most Investors just look at one thing, how big the check is at the end of the month. Fuel Svn Belmont, Victoria, British Columbia. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. ”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. 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. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. SVN | Bluestone Nov 2019 - Present 4 years. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. Portland's biggest construction projects right now. 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. View Article. While auto leadership teams prepare for technological disruption, few are focused on the possible double punch of a recession and shifting demographics that is likely to slash automotive sales before new technologies take off. That’s caused home prices and rents in further-out areas to skyrocket, while price and rents have dropped in the urban cores of major cities like New York and San Francisco. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. com Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution While no one knows the severity of economic disruption the coronavirus pandemic will cause, it is likely to hit retail tenants significantly. 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. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. SVN Economic Update: March 2022 The Fed Raises Interest Rates. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. For your property management needs, visit the Bluestone Real Estate Services website. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. SVN Economic Update: March 2022. There are real estate bubbles as demand and population increase and decrease. 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. 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. Sources: Marketplace. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. 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. Families Key in Future Rental Housing Market. Core. 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. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. . 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!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. 6% month-over-month in August, its largest monthly increase. We don’t discriminate based upon size. 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. 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. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. Visit and follow us on LinkedIn and Facebook! CAM stands for “Common Area Maintenance,” and is used both as a general term for tenant pass-through charges, and is one of the three “nets” that comprise the “triple nets” (or NNN) of property operating expenses. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. By: Clifford A. This may be lower than the real number due to the challenges many newly unemployed. Thanks to the Tax Cuts and Jobs Act of. The relief generally applies to all obligations that otherwise would. Wealth may pay, but it may not stay. The federal tax return filing deadline is now July 15, 2020. Executive Director, SVN | Bluestone and Hockley. CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. The national election is over, and we have a new president and new legislators filling both national and statewide positions. Below are additional resources for businesses as the country reopens. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. We. . ProSchools 15 years 9 months Enterprise Catalog Manager ProSchools Dec 2002 - Aug 2018 15 years 9 months. 1% month-over-month and 5. The seller wanted a quick sale at the highest possible price. Many years ago, our attorney advised us to implement a succession plan. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. We are a leader in the. With most buildings empty or near-empty from coast to coast, office investors put a brave face on the future of the sector—“it’s still alive,” “not going anywhere,” “as soon as there is a vaccine we will be back to normal. Introduction 2019 was an eventful year for the Oregon legislature. Overview Vancouver Multi-Family 1,682 1,820 3. Q&A with Albert M Lindeman, SVP, National Council Chair Office Properties & Jeffrey C. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. The shuttering of retailers for an undisclosed period. 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. 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. 93. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. Click HERE for more news on SVN Bluestone & Hockley! 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. Karlin is a managing Principal Broker in Oregon and Washington. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. – but is the world ready to hand over the safety of travel to computers? According to a. 2021 Portland Tax Changes. After a three-month mandatory hiatus, these firms and employees have largely successfully adjusted to working from home, but new surveys point toward workers looking to get back to normal. By: Clifford A. However, due to personal issues, a decision was made to sell the property. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Kristin Schaff, Executive Vice President, SVN Bluestone. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. After getting off the phone and arranging for her flight to Florida, Jaime wondered. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. 2% month-over-month and 3. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 51-100. 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. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of. The property is located in NE Portland location with great WalkScore. 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. 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. 2021 Portland Tax Changes. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. as well as real estate brokers that are part of our sister company SVN |. SVN | Bluestone & Hockley 4915 SW Griffith Dr. 5% year-over-year and just 0. Asking Rent Growth Portland's multifamily sector is weathering the lingering By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 5% year-over-year and just 0. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. 1% 12 Mo. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We are all wondering if brokers and investors can find deals during the pandemic. 2% 12 Mo. That has attracted a lot of investors. 9% 4. 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. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. 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. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. VANCOUVER AVAILABILITY. Advisor Kevin Wingate-Pearse brought this deal to an investor. , Suite 300 Portland, OR 97219 503. 8: 5. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 9%, and food up 10 basis points to 5. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. The transaction closed in March of 2021. 1% month-over-month, according to the latest numbers from. Read more news at SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Housing is popular because it has generally held up during the pandemic. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. Managing Director - SVN | Bluestone Portland, OR. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. 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. Portland, Oregon. SVN Economic Update: January 13, 2023 CPI Inflation. Foxstar Apartments is a 20 units complex situated in East Portland. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. View Article. Tenants are struggling to pay their rent, and the government. 5% 12 Mo. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. Loan repayment terms vary by applicant, up to a maximum of 30. 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 Estate 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. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. . Vancouver WA 98660. Industrial Experts Address Challenges Amid Historic Demand. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. Good news for US Housing Economy. For tax payments of up to $10 million, the IRS has also. SVN | Bluestone Advisors provide local commercial real estate knowledge and expertise that transcends typical brokerage services. But Brian Stoffers, global president of debt and structured finance for Capital Markets at CBRE, doesn’t see lenders making irresponsible loans. Henry Ford, the father of Ford Motors, had a relentless focus on planning. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 5 days Convert cf to gallons times minutes (1 cf= 7. 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. Executive Director, SVN | Bluestone and Hockley. Bluestone and Hockley Real Estate Services. 4%. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. 2%, gas up 40 basis points to 4. 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. 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. ” But underneath, they are nervous. 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. Stay Connected. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. View Article. Absorption Units Vacancy Rate 12 Mo. Visit and follow us on LinkedIn and Facebook!Stacy Looney, Senior Advisor at SVN | Bluestone in Beaverton, OR has commercial real estate listings for sale or rent on showcase. . 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. We were invited to a special meeting of friends. Work/ Life Balance that is absent the excessive. , 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. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. 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. 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. Economic indicator reports arrive regularly in a newsroom. His focus is on the Clark County, Washington multifamily marketplace. com 503. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The complex is well maintained with a stable tenant base. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. 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. Her grandmother had passed away and had appointed Jaime the executor of her estate. SVN Economic Update: September 2023. Economic Update for March 2023. Portland rents have increased 0. . 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. Real Estate investors forget how important accounting is to their investment success. . We strive to build long-term relationships with our property owners and tenants. 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. View Article. In this presentation, Leah Sykes will update us regarding changes to the city of Portland’s Landlord – Tenant ordinances with a focus on the major changes to tenant screening and security deposits. Commercial real estate in the United States should remain a strong investment choice as the nation emerges from a pandemic-induced slump, and it can be a good hedge for investors worried that rising inflation could. The relief generally applies to all. To date, millennials and baby. We are more than just brokers, we are experienced advisors. 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. SVN Economic Update: August 11, 2023. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. Three. As one of. 503-577-7710 brian. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. I have been licensed to sell real estate. A majority. 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. Get more news from SVN Bluestone and Hockley! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. 7 million. Portland Metro. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. Untrained and Confused. 5 03. SVN Bluestone, Principal Broker If your desk is like mine, it might be a little cluttered. Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. 222. 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. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. 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. With the re-election of Mayor Ted Wheeler and Mingus Maps and Dan Ryan as City Commissioners, the city of Portland has turned a corner towards moderation, and it is not a moment too. . 459. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. SVN | Bluestone Beaverton, OR (503) 459-4387. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. Real estate investors need to improve their due diligence when they purchase properties and be attuned to the local environmental and climate conditions as they make the decision to purchase a property. 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. 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. More time for you. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. 1% 12 Mo. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Cost segregation studies are a very effective way to generate savings when buying investment property. This is the main concept I want to deliver in this article. SVN Bluestone & Hockley 2019 Recap and Successes. We are all wondering if brokers and investors can find deals during the pandemic. Net operating income (NOI) is the driver of value in real estate investing. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker & Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Many real estate investors are transitioning from Multifamily investments to commercial and NNN. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 1%, its highest mark since July of last year. 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. Connect Patti Moller Vice President, Business Development Officer, Wells Fargo Commercial Banking Group. 8% 7. Delivered Units 12 Mo. Executive Director, SVN | Bluestone and Hockley. After recent distress in the banking sector, there is a risk that many of the small and mid-sized banks that hold the bulk of US commercial real estate loans may see a credit crunch, dampening liquidity in the sector. 137 likes · 1 talking about this · 32 were here. com Full Bio have yield maintenance clauses, these are very expensive and very hard to offset, though they can be assumed at a substantial cost and with huge. . 9% 4. Property Size 60,115 SF. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. Think there is a tenant’s market right now? Stay tuned. org & NAHB The high cost of building is one of the main reasons builders say they are not keeping up with demand for affordable new housing. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. 49 likes. Absorption Units Vacancy Rate 12 Mo. Cost segregation studies are a very effective way to shelter investment property. While it is certainly important for clients to make a plan for their eventual death, if that is all they plan for, their planning will be woefully inadequate. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. The client had initially purchased the property in anticipation that a casino would be built. 0-5. Executive Director, SVN | Bluestone and Hockley. 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. 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. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends.