Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley About twenty years ago, we had a dream of owning our own building to move our company into. 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. Here’s Why. 9% 4. I am a Hotel Broker with combined experience in hotel operations, commercial real estate investment, and mortgage lending services. 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. 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. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. 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. 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. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. By: Clifford A. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. Bluestone & Hockley and Criteria Properties are merging! SVN Bluestone and Hockley will continue to be a sister company to Bluestone and Hockley, providing commercial real estate brokerage services!Concerns about rising interest rates and weakening economic growth have led to a slowdown in commercial mortgage originations, particularly in out-of-favor asset types, despite the wide availability of debt capital. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. Real GDP increased at a 2. View Article. 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. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott | Edwards Architecture for a review of the SE Quadrant Plan adopted by Portland city planners in July of 2015. SVN | Bluestone & Hockley 4915 SW Griffith Dr. 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. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 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. 2% 7. The prime location was ideal for the buyer. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of the final sale price of a new home. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 4% Units paid so far; We are making good progress regarding our residential tenancies. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Connect Samantha Jordan Portland, OR. As Covid-19 continues to spread and impact every aspect of American’s lives, nothing is more important than our health and safety of that of our loved ones. SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. 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. 5% . Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. They can be found throughout the city, but most are clustered in the downtown core. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. 76976. Stay Connected. SVN Bluestone and Bluestone Real Estate Services. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. That has attracted a lot of investors. Leased! 7,965 SF at the Ross Center in Happy Valley. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. . Delivered Units 12 Mo. 47 extended the length of prior notice a landlord must give for no-cause evictions. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. Henry Ford, the father of Ford Motors, had a relentless focus on planning. RECEIVERSHIP. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. 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. SVN | Bluestone and Hockley. Eric Castle, Managing Director SVN Bluestone. This past year for residential landlords has been a whirlwind of changes and new laws. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. View Article. 7% year-over-year, the lowest annual increase since October 2021. If you calmly, wisely make the best of this difficult time, you. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. 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. 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. 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. 7 million. 00/SF/YR; Total Space Available 2,181 SF; Floor 3; Divisible Space 2,181 - 2,181 SF; Available Date Immediate; Lease Type Full Service; Renewal Option Yes; Sublease No;To better reflect the company we are today, we are undergoing a meaningful and powerful change to our brand: Sperry Van Ness® has proudly become SVN®. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. Many commercial real estate investors are experiencing significantly reduced income from their properties. 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. This event will be held on. 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. When KKR & Co. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 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. Recessions generally occur when there is a widespread drop in spending. 6% month-over-month in August, its largest monthly increase. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. 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. A real estate market that is now officially on the map in the eyes of institutional and private capital. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. SVN Economic Update: February 10, 2023 January Jobs Report. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Cascade Cove Mobile Home Park is an 18 unit mobile home park. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. SVN Economic Update: April 2021 Covid Cases and Vaccinations. However, due to personal issues, a decision was made to sell the property. To date, millennials and baby. Portland Metro. Executive Director, SVN | Bluestone and Hockley. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. The fall of the Toys “R” Us chain, with more than 700 U. 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. SVN Bluestone & Hockley 2019 Recap and Successes. They should be considered by every real estate investor on every transaction. 1% month-over-month, according to the latest numbers from. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. New Logo to Ring in the New Year. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. Visit and follow us on LinkedIn and Facebook! Local Commercial Real Estate Advisors. 1% month-over-month, according to the latest numbers from. We are more than just brokers, we are experienced advisors. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. 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. The Buyer was in. 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. Families Key in Future Rental Housing Market. You are responsible. The annual inflation rate has now fallen for six consecutive months. 2% month-over-month and 3. After peaking at 100,000 branches in 2009, the number of bank. . SVN Economic Update: August 11, 2023. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. S. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. 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. Visit and follow us on LinkedIn and Facebook! Sign Up. We begin by listening to them. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. . Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. 48 gallons One day= 1440 minutes One month= 30. By: Clifford A. The federal tax return filing deadline is now July 15, 2020. . within the last decade, spreading from tech startups to. SVN Economic Update: January 13, 2023. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Here in Oregon nearly 270,000 initial claims were received in those. The complex is well maintained with a stable tenant base. The Buyer was in. We. If you are considering selling, you may be cashing your chips in a little too soon. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. Lest anyone be confused, COVID 19 is driving our current regional and national economy. 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. 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. Remember when you learned how to ride a bike. 1%, its highest mark since July of last year. There’s land, there’s labor and then there are governmental regulations. To better reflect the company we are today, we are undergoing a meaningful and powerful change to our brand: Sperry Van Ness® has proudly become SVN®. 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. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. 618 BUILDING | 618 NW GLISAN ST. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 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 commercial spaces. 2% from one year ago, roughly in line with last month’s increase and climbing just 0. 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. 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. 3%. Almost 15 years ago, as a newbie property manager, I received a scary letter from the fire marshal about one of the commercial properties in my portfolio. It was a great building and we owned it for. 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. SVN | Bluestone & Hockley 4915 SW Griffith Dr. We were invited to a special meeting of friends. Now that we’ve. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. 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. Below are additional resources for businesses as the country reopens. Welcome to Bluestone Real Estate Services. 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. 2% 12 Mo. 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. The team of Steve, Rick and Andrew came up with a sales strategy that included limiting the call for offers to just 3 weeks to. S. 222. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. We strive. Guide to Reopening Business Amid Covid-19: Landlords. 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. Jan 2016 - Present7 years 8 months. Wealth may pay, but it may not stay. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 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. 7% 9. , Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our cities for what the next half century. 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. Overview Vancouver Multi-Family 1,436 1,592 4. Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. com 503. At 70%, Renewals Dominate Office Leasing. 48 * 1440 = 10771. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. 2%, gas up 40 basis points to 4. 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. View Article. 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. The relief generally applies to all. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. For decades, universities were known for their dearth of retail beyond a college bookstore. An accomplished real estate broker since. The roads were clear, and it was 50 degrees out. 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. 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. Building Class B. That scenario could leave many companies weakened and some unable to survive the transition. 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. Thanks to the Tax Cuts and Jobs Act of. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. ” But underneath, they are nervous. The number of unemployed persons was also little changed at 5. SVN Bluestone, Principal Broker If your desk is like mine, it might be a little cluttered. The client had initially purchased the property in anticipation that a casino would be built. -The average worker spends 40% of the day at their desk. There has been a shift in demand for rental housing due to demographic and other changes in our society. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. 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. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. Sources: Marketplace. SVN Bluestone. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. 6% and registering well below the Dow Jones consensus forecast of 2. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. ”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. Values go up and down. View Article. 3800. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. 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. 222. 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. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. 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. 5% year-over-year and just 0. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Beaverton, Oregon, United States. Loan repayment terms vary by applicant, up to a maximum of 30. Foxstar Apartments is a 20 units complex situated in East Portland. Portland's biggest construction projects right now. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. . Year Built 1980. BEAVERTON, OR 97005 Patrice Cook Advisor 503. 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 hotel sold for $1,00,000 and will be converted to affordable housing. Untrained and Confused. 13% as of January 8th, 2021— the highest level since March 18th, 2020. 54836. Services, Executive Director, SVN |Bluestone and Hockley CPI lease clauses have long been a practice of Landlords, and were originally added in the 1980s to keep up with inflation when interest rates skyrocketed to 18. Bluestone & Hockley Collections Report. There are real estate bubbles as demand and population increase and decrease. As we showed up just on time, we found out many more people showed up than they. The Four Phases of Recovery We Can Expect Next Year. The Ordinance created sweeping changes to Portland in. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. The transaction closed in March. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. The Consumer Price Index (CPI) rose 0. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. While the property is in a good location with great amenities and. That is a piece of conventional wisdom that appears to transcend cultures. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. All amenities are within walking distance. 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. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. . Ordinance VMC 8. Absorption Units Vacancy Rate 12 Mo. 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. Read more news at SVN Bluestone! Stay Connected. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. SVN Bluestone. 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. A real estate market that is now officially on the map in the eyes of institutional and private capital. 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. 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. Absorption Units Vacancy Rate 12 Mo. . July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Source: Kelsi Maree Borland with GlobeSt. 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. Property Type Office - General Office. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. His thoughts focused on managing the company in case I was unable to. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. Multifamily Developers Struggle to Build Garden Apartments. Delivered Units 12 Mo. SVN | Bluestone Apr 2022 - Present 1 year 4 months. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. SVN Bluestone is a company that operates in the Real Estate industry. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Then, we develop a management plan. Experienced Commercial Real Estate Brokers in Portland Oregon. The company is headquartered in Beaverton, Oregon. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Housing is popular because it has generally held up during the pandemic. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Investing in real estate is a funny thing. The property is located in NE Portland location with great WalkScore. 5 days Convert cf to gallons times minutes (1 cf= 7. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. The face of campus retail is changing. The complex is well maintained with a stable tenant base. SVN Economic Outlook: April 14, 2023 CPI Inflation. View Article. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 3800 cliff. Suite 300, Portland, Oregon will conduct a class taught by Managing Principal of KPFF, Blake Patsy. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Wealth may pay, but it may not stay. 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. 2% May Rent Collected so far; 91. 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. 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. , Suite 300 Portland, OR 97219 503. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. There’s land, there’s labor and then there are governmental regulations. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. In fact, in some areas, it has flourished. 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. SVN Bluestone is a company that operates in the Real Estate industry.