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. . Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation 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. Cost segregation studies are a very effective way to generate savings when buying investment property. The annual inflation rate has now fallen for six consecutive months. The Ordinance created sweeping changes to Portland in. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. 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. Kristin Schaff, Executive Vice President, SVN Bluestone. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. 54836. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The California State Capitol building. We offer in-house support services, including financial analysis, research, and marketing. 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. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. View ArticleThe SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. ”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. 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. 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. Understanding the terms of your tenants’ leases and. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. . hockley@svn. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. 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. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andThe Redwood Inn is a 47 room, 12,200 SF hotel in Medford, OR. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. 222. 17933 NW Evergreen Place, Beaverton, OR 97006. com. Banks and other financial institutions. With over a. S. 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. 4359. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. Delivered Units 12 Mo. 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. SVN Economic Update: April 2021 Covid Cases and Vaccinations. SVN Bluestone, Beaverton, Oregon. Ordinance VMC 8. 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. Wealth may pay, but it may not stay. 13% as of January 8th, 2021— the highest level since March 18th, 2020. 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. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. There are real estate bubbles as demand and population increase and decrease. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. Median home-price expectations for one year ahead climbed 30 basis points to 3. . SVN Bluestone is a company that operates in the Real Estate industry. . The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. Then, we develop a management plan. 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. Jan 2016 - Present7 years 8 months. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. View Article. 6% month-over-month in August, its largest monthly increase. You are responsible. Most Investors just look at one thing, how big the check is at the end of the month. 2% 7. The shuttering of retailers for an undisclosed period. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. Good news for US Housing Economy. The property also has easy access to MAX transit line and to downtown Portland jobs. An accomplished real estate broker since. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 1% 12 Mo. Get more news at SVN Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Often, it’s a small group of people who. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. Economic output has slowed from Q3 2022, when real GDP grew at. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. Guide to Reopening Business Amid Covid-19: Landlords. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. 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. Thanks to the Tax Cuts and Jobs Act of. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Overview Vancouver Multi-Family 1,682 1,820 3. 2021 Portland Tax Changes. 1% 12 Mo. Visit and follow us on LinkedIn and Facebook!Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 2% May Rent Collected so far; 91. 37. 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. i nfo@bluestonemgt. For your property management needs, visit the Bluestone Real Estate Services website. Executive Director, SVN | Bluestone and Hockley. James Schaff, President of SVN Bluestone. 7% year-over-year, the lowest annual increase since October 2021. 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. Absorption Units Vacancy Rate 12 Mo. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. 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. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. 7% year-over-year and 0. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. It employs 6-10 people and has $0M-$1M of revenue. We are a leader in the. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. By: Clifford A. This event will be held on. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. Stay Connected. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. Rent collections have ranged from 70-90%, depending on the ability of people to work. More than 80% of workers spend their time engaged in collaborative work. The Four Phases of Recovery We Can Expect Next Year. . SVN Bluestone Profile and History. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. SVN Bluestone, Principal Broker. It’s been seven months since COVID-19 invaded our lives and consciousness. View Article. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. 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. 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. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. com. 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. Overview Portland Industrial 2. The program will require both business tenant and property owner participation. Leased! 7,965 SF at the Ross Center in Happy Valley. 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. Here’s Why. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Executive Director, SVN | Bluestone and Hockley. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Portland, Oregon. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 5 03. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Brokerage. 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. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Investing in real estate is a funny thing. Portland, OR. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. The seller wanted a quick sale at the highest possible price. After getting off the phone and arranging for her flight to Florida, Jaime wondered. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 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. 3800 Cliff Hockley Executive Director 503. 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. They should be considered by every real estate investor on every transaction. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. 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. SVN Bluestone & Hockley Senior Advisors represented the buyers. within the last decade, spreading from tech startups to. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. Net operating income (NOI) is the driver of value in real estate investing. Economic indicator reports arrive regularly in a newsroom. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. 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. S. 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. 3M 229K 4. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. 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. Delivered Units 12 Mo. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. Federal Resources SBA Economic Injury Disaster Loan Program SBA is providing low interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Fuel Svn Belmont, Victoria, British Columbia. 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. Untrained and Confused. A Tenant’s “Survival Guide” to COVID-19. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. Two years after the start of the COVID-19 pandemic and after multiple setbacks for planned returns to the office, tech companies remain the single largest driver of. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. 2% month-over-month and 3. Without overwhelming majorities in the House or Senate, President Biden will be. 9% 4. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Some Retailers are Opening New Stores. The yield on a 10-year US Treasury Bill rose to 1. 2021 Portland Tax Changes. SVN Economic Update: March 17, 2023 Inflation. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 75% for small businesses and 2. SVN Economic Update: January 13, 2023 CPI Inflation. Bluestone & Hockley Collections Report. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. Absorption Units Vacancy Rate 12 Mo. We. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. We begin by listening to them. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. 2% 12 Mo. Eviction Doomsday Isn’t Coming. Portland Metro. 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. 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. 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. . However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 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. Work/ Life Balance that is absent the excessive. 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. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. 3800. 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. 2% 7. Tenants are struggling to pay their rent, and the government. View Article. Sources: Marketplace. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. . 9%, and food up 10 basis points to 5. 5 days Convert cf to gallons times minutes (1 cf= 7. The complex is well maintained with a stable tenant base. 222. 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. By: Clifford A. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker and Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. SVN Economic Update: February 10, 2023 January Jobs Report. SVN Economic Update: January 13, 2023. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Foxstar Apartments is a 20 units complex situated in East Portland. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. BEAVERTON, OR 97005 Patrice Cook Advisor 503. Brian Resendez, CCIM serves as Senior Vice President Hotels & Land for SVN | Bluestone in Portland, OR, and is Founder and Owner of Northwest Hotel Investor. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. That scenario could leave many companies weakened and some unable to survive the transition. . Everyone expects a rocky ride for the US economy for the first half of 2021 as the vaccine is distributed and policymakers weigh steps to boost the economy. In a record-shattering short summer special session that opened on Wednesday the 24 th of June and closed on Friday the 26 th of June 2020 the house and the senate voted to pass two bills that affect both commercial and residential real estate investors law. The Buyer was in. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. The number of unemployed persons was also little changed at 5. Posted on by SVN. Property Tenancy Multi-Tenant. 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. 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. 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 apartment complex which was originally listed as a. Portland's biggest construction projects right now. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. It was a great building and we owned it for. 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. 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. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. The Consumer Price Index (CPI) rose 0. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. Core prices, which exclude food and energy rose 4. . His thoughts focused on managing the company in case I was unable to. 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. 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 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. 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®. 5% year-over-year and just 0. A real estate market that is now officially on the map in the eyes of institutional and private capital. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. . There are 60 or so developments under construction valued at $10 million or more. SVN Economic Update: August 11, 2023. 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 Research has published another economic update as we head into October and the final quarter of 2023! Interest Rate Decision/Economic Projections (1) At its September 20th meeting, FOMC officials left their benchmark interest rate unchanged, just their second pause since they began tightening rates in March 2022. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley A review of the issues facing us in 2021. com. 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. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. 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. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. That is a piece of conventional wisdom that appears to transcend cultures. More time for you. 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. Delivered Units 12 Mo. North Bonneville, WA. Not the largest or the most actively contested markets, the 2016 Retail Markets to. 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. 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. . , 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. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Senior Advisor. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. SVN | Bluestone Beaverton, OR (503) 459-4387. Overview Portland Industrial 2. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. Economic Update for March 2023. That has attracted a lot of investors. com 503. 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. 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. His focus is on the Clark County, Washington multifamily marketplace. Overview Vancouver Multi-Family 1,707 1,878 3. View Article. Lot Size 8. 4341 patrice. 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. 5% year-over-year and just 0. 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. 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. SVN Bluestone and Bluestone Real Estate Services. The property is located in NE Portland location with great WalkScore. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. But Brian Stoffers, global president of debt and structured finance for Capital Markets at CBRE, doesn’t see lenders making irresponsible loans. resendez@svn. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. 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®. Q&A with Albert M Lindeman, SVP, National Council Chair Office Properties & Jeffrey C. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. 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. 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. Karlin is a managing Principal Broker in Oregon and Washington. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. We were invited to a special meeting of friends. 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. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. Absorption Units Vacancy Rate 12 Mo. A real estate market that is now officially on the map in the eyes of institutional and private capital. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our. 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. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 25% while. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. Real GDP increased at a 2. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. SVN | Bluestone Advisors work with properties ranging in scope and scale from a small apartment property in a tertiary market to large institutional caliber multi-state portfolios. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Get more news at SVN Bluestone and Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. I have been licensed to sell real estate. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. ProSchools 15 years 9 months Enterprise Catalog Manager ProSchools Dec 2002 - Aug 2018 15 years 9 months. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Despite the broader rise in inflation expectations, they remain well. The Challenge of the sale was that the owner wanted a quick sale and but at the same time.