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. The Consumer Price Index (CPI) rose 0. Our new brand more accurately represents the company’s. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Executive Director, SVN | Bluestone and Hockley. SVN | Bluestone & Hockley 4915 SW Griffith Dr. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. Absorption Units Vacancy Rate 12 Mo. It’s been seven months since COVID-19 invaded our lives and consciousness. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. 2021 Portland Tax Changes. Get more news at SVN Bluestone and Hockley. View Article. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. We are a leader in the. The Challenge of the sale was that the owner wanted a quick sale and but at the same time. The Consumer Price Index (CPI) rose 6. within the last decade, spreading from tech startups to. 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. Visit and follow us on LinkedIn and Facebook! Local Commercial Real Estate Advisors. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. That is a piece of conventional wisdom that appears to transcend cultures. Here in Oregon nearly 270,000 initial claims were received in those. . For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. Multifamily Developers Struggle to Build Garden Apartments. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. 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. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. Cost segregation studies are a very effective way to generate savings when buying investment property. 1% 12 Mo. It is the final article detailing many of the Oregon laws that were. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. 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. 9% 4. 75% for small businesses and 2. Absorption Units Vacancy Rate 12 Mo. View Article. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. Investing in real estate is a funny thing. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. The roads were clear, and it was 50 degrees 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. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. 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. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. Overview Vancouver Multi-Family 1,707 1,878 3. 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. A real estate market that is now officially on the map in the eyes of institutional and private capital. Sources: Brannon Broswell, ICSC Branch Banking 2020, JLL Research Report Big banks are closing antiquated branches at a record pace, but they are also opening smaller and more digitally focused ones to better serve their customers, according to research from JLL’s Branch Banking 2020. Remember when you learned how to ride a bike. Real Estate investors forget how important accounting is to their investment success. Then, we develop a management plan. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. 5 days Convert cf to gallons times minutes (1 cf= 7. 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. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. A Tenant’s “Survival Guide” to COVID-19. Click HERE for 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. com. Introduction 2019 was an eventful year for the Oregon legislature. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott | Edwards Architecture for a review of the proposed property zoning changes coming in 2018. Property Type Office - General Office. The complex is well maintained with a stable tenant base. The seller wanted a quick sale at the highest possible price. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Henry Ford, the father of Ford Motors, had a relentless focus on planning. Brokerage. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 6% month-over-month in August, its largest monthly increase. Overview Portland Multi-Family 7,390 10,627 5. 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. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 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. More time for you. Long term interest rates, like the yield on 10-year Treasury bonds, fell below 1 percent at the start of. Industrial Property Lease Terms Get Shorter and Shorter. Many commercial real estate investors are experiencing significantly reduced income from their properties. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Core. It was a great building and we owned it for. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. SVN Economic Update: August 11, 2023. Recessions generally occur when there is a widespread drop in spending. 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. RECEIVERSHIP. 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 & Hockley Collections Report. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. 49 likes. 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. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 462 likes. . SVN Economic Update: March 2022. 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. What we have learned is that real estate is mostly a. Welcome to Bluestone Real Estate Services. Without overwhelming majorities in the House or Senate, President Biden will be. With over a. CPI Inflation The Consumer Price Index (CPI) rose 6. Loan repayment terms vary by applicant, up to a maximum of 30. 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. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. That scenario could leave many companies weakened and some unable to survive the transition. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. There are 60 or so developments under construction valued at $10 million or more. hockley@svn. 75% for nonprofits. 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!Tech Industry Driving U. Eighty percent of work is defined as “collaborative. Here’s Why. 7% year-over-year and 0. 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. 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. 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. They should be considered by every real estate investor on every transaction. 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. 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. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. 1409 Franklin Street, Suite 203. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Portland Metro. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. . Leased! 7,965 SF at the Ross Center in Happy Valley. News & Information. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. 459. Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. 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. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. . Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. 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. . 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. 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. At 70%, Renewals Dominate Office Leasing. We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. 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. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. 7 million. Senior Advisor. Cost segregation studies are a very effective way to shelter investment property. We are your source for residential and commercial property management, commercial brokerage, and HOA management. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. 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. Suite 300, Portland, Oregon will conduct a class taught by Managing Principal of KPFF, Blake Patsy. We are a leader in the Portland/SW. The property also has easy access to MAX transit line and to downtown Portland jobs. . 00/SF/YR. SVN Bluestone & Hockley Senior Advisors represented the buyers. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. Visit and follow us on LinkedIn and Facebook!By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Inflation is up and is more persistent than expected. 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. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. Executive Director, SVN | Bluestone and Hockley. SVN Economic Update: April 2021 Covid Cases and Vaccinations. SVN | Bluestone Nov 2019 - Present 4 years. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. 4 Acre. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. View Article. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. 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. 222. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. The company is headquartered in Beaverton, Oregon. Overview Vancouver Multi-Family 1,707 1,878 3. . Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. 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. Executive Director, SVN | Bluestone and Hockley. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. com. Overview Vancouver Multi-Family 1,682 1,820 3. These include banking and lending risks, insurance costs, and. 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. 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. 9% 12 Mo. It was the slowest monthly climb for prices since December. For tax payments of up to $10 million, the IRS has also. 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. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. View ArticleBy: Clifford A. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. The company is headquartered in Beaverton, Oregon. The Consumer Price Index (CPI) rose 0. 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. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. 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. Delivered Units 12 Mo. 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. 2% 12 Mo. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Foxstar Apartments is a 20 units complex situated in East Portland. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. View Article. You are responsible. 5% . Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. 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. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. The property is located in NE Portland location with great WalkScore. By: Clifford A. Managing Director - SVN | Bluestone Portland, OR. Net operating income (NOI) is the driver of value in real estate investing. The SVN Brand is comprised of over 1,600 Advisors and staff in more. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. View Article. Some Retailers are Opening New Stores. 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. For decades, universities were known for their dearth of retail beyond a college bookstore. North Bonneville, WA. 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. . CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. 5% year-over-year and just 0. 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. Many years ago, our attorney advised us to implement a succession plan. 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. 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 offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Experienced Commercial Real Estate Brokers in Portland Oregon. stores, shows how much retail real estate has changed in just the last decade. To what degree will depend heavily on the property and the location. Foxstar Apartments is a 20 units complex situated in East Portland. To date, millennials and baby. 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. A drop in lumber prices has invigorated demand for commercial building projects, especially for the multifamily product, Sherwood Lumber chief operating officer Kyle Little told CNBC last week. The relief generally applies to all. With unemployment still at levels not seen since the Great Depression era, the Treasury has been disbursing the benefits at a record pace of. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. 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. 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. 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. Guide to Reopening Business Amid Covid-19: Landlords. His focus is on the Clark County, Washington multifamily marketplace. 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. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. Stay Connected. 4341 patrice. Email. Contact SVN Bluestone and Hockley Advisors for. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Families Key in Future Rental Housing Market. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 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. Overview Vancouver Multi-Family 1,682 1,820 3. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. While the property is in a good location with great amenities and. I have been licensed to sell real estate. Often, it’s a small group of people who. . 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. com. 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. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. . However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. The future of office demand is a hot topic around the country as COVID-19 required companies to engage in the largest work-from-home experiment in history. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. 2%, gas up 40 basis points to 4. Below are additional resources for businesses as the country reopens. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. 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. 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. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. Net operating income (NOI) is the driver of value in real estate investing. 2% 7. i nfo@bluestonemgt. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. 17933 NW Evergreen Place, Beaverton, OR 97006. There has been a shift in demand for rental housing due to demographic and other changes in our society. It employs 6-10 people and has $0M-$1M of revenue. Now that we’ve. This is the main concept I want to deliver in this article. Economic Update for March 2023. This property is a 53-room exterior corridor hotel consisting of a two-story, 25 room motel building built in 1979 alongside 28 rooms of cottages built in 1940’s, with additions added over the years. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 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. Now available in thin veneer to provide a more believable alternative to "fake" cultured. As the nation begins to climb out of the depths of the COVID-19 crisis, landlords will “battle” over office tenants, according to a new report from Vestian, creating a tenant’s market unlike any other over the past few decades. 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. 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. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. SVN Bluestone is a company that operates in the Real Estate industry. 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. 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. Banks and other financial institutions. SVN Bluestone Profile and History. A majority. 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. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. Property Size 60,115 SF. The complex is well maintained with a stable tenant base. The prime location was ideal for the buyer. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. 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. 4%. 2021 Portland Tax Changes. Three. The transaction closed in March of 2021. By: Clifford A. 5% year-over-year and just 0. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. Stay Connected. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. 4% over the past month, but are down slightly by 0. , Suite 300 Portland, OR 97219 503. In fact, in some areas, it has flourished. SVN Bluestone & Hockley chockley@bluestonehockley. Economic output has slowed from Q3 2022, when real GDP grew at. More time for you. 0-5. SVN | Bluestone and Hockley. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. 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. They should be considered by every real estate investor on every transaction. 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. View ArticleSince commercial real estate is a leverage business, many owners may need to restructure the loans secured by their properties to achieve more attainable economic terms and to avoid loan defaults, foreclosures and the loss of their properties. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. By: Clifford A. 222. . 459. – but is the world ready to hand over the safety of travel to computers? According to a. 51-100. 7% 9. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. The hotel sold for $1,00,000 and will be converted to affordable housing. The yield on a 10-year US Treasury Bill rose to 1. Untrained and Confused. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. ” But underneath, they are nervous. 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. If you are considering selling, you may be cashing your chips in a little too soon.