Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. However, due to personal issues, a decision was made to sell the property. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 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. 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. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. The hotel sold for $2,350,000 and will be converted to affordable housing. 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 latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 48 * 1440 = 10771. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. To what degree will depend heavily on the property and the location. The Waldport, Oregon hospitality property was a non-operational REO property. They should be considered by every real estate investor on every transaction. 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. Portland rents have increased 0. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. Q&A with Reid Bennett, CCIM, National Council Chair of Multifamily What’s going on, in general, in the multifamily asset class as a result of Covid-19? Besides the obvious health and safety concerns associated with larger groups of people within close proximity, the multifamily industry is facing the immediate short term concern of tenants ability to pay. Good news for US Housing Economy. Year Built 1980. 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. 2% 12 Mo. SVN Economic Update: March 2022. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. This 18 guestroom motel is located on . 5% year-over-year and just 0. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. Cost segregation studies are a very effective way to generate savings when buying investment property. Portland, OR. 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. 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. When it’s time to return to the office and reopen business there are multiple things to consider. S. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. com. We are more than just brokers, we are. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. The seller wanted a quick sale at the highest possible price. 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. 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. The Owner of the property had been long-term owners and built property. Prior to passing the $2-trillion dollar stimulus package, the federal government had extended the tax filing requirements. Delivered Units 12 Mo. SVN Economic Update: March 17, 2023 Inflation. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. How Gen Z Renters Might Reshape Multifamily. Overview Vancouver Multi-Family 1,707 1,878 3. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. The best in sports nutrition and supplements! We offer the widest variety and best pricing for all yThe Bluestone Real Estate Services team has managed residential and commercial property and community associations throughout the Willamette Valley, Oregon Coast and SW Washington areas since 1972. Many years ago, our attorney advised us to implement a succession plan. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. 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. We recently had an environmental engineer call out the registration issue. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. resendez@svn. Contact Brian directly. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. Absorption Units Vacancy Rate 12 Mo. The Portland City Council voted on June 29, 2022, to roll back several more burdensome regulations that were passed as part of the Fair Access in Renting Ordinance (FAIR) in 2020. SVN | Bluestone Apr 2022 - Present 1 year 4 months. 9% 12 Mo. View Article. 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. Absorption Units Vacancy Rate 12 Mo. Cost segregation studies are a very effective way to shelter investment property. View Article. Disappearing Bank Branches. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. Jan 2016 - Present7 years 8 months. hockley@svn. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. 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. If you calmly, wisely make the best of this difficult time, you. Connect Samantha Jordan Portland, OR. 3M 229K 4. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in 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. 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. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley On the 15th of March 2020, in response to expected economic implosion due to the corona virus, in an unusual move for a Sunday, the Federal Reserve reduced interest rates to almost zero. 93. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. 1% 12 Mo. Successfully operating your buildings is the goal for all. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 2021 Portland Tax Changes. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. – but is the world ready to hand over the safety of travel to computers? According to a. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. That scenario could leave many companies weakened and some unable to survive the transition. 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. According. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. SVN Bluestone & Hockley Senior Advisors represented the buyers. For decades, universities were known for their dearth of retail beyond a college bookstore. For your property management needs, visit the Bluestone Real Estate Services website. You are responsible. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. 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. Penalties The following chart show the potential of a penalty for each type of infrac-tion based on the ordinance. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. 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 offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. 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. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Property Tenancy Multi-Tenant. Visit and follow us on LinkedIn and Facebook!SVN Bluestone, Principal Broker As we near the mid-point of 2023, the Portland apartment market has shifted dramatically from 2022 which was a record-breaking year. Overview Vancouver Multi-Family 1,682 1,820 3. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. S. Guide to Reopening Business Amid Covid-19: Landlords. . We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. 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. View Article. 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. All amenities are within walking distance. The yield curve, a measure of interest rate differences between short-dated and long-dated securities, has similarly continued along a path of recent recovery. At 70%, Renewals Dominate Office Leasing. Executive Director, SVN | Bluestone and Hockley. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. Stay Connected. 2% from one. It is the final article detailing many of the Oregon laws that were. The client had initially purchased the property in anticipation that a casino would be built. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. More than 80% of workers spend their time engaged in collaborative work. Wealth may pay, but it may not stay. . Senior Advisor. His focus is on the Clark County, Washington multifamily marketplace. Our new brand more accurately represents the company’s. 00/SF/YR. 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. We were invited to a special meeting of friends. 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. 2% month-over-month. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. 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. Basis for Calculations 1 cubic feet= 7. 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. It was a Saturday night, like any Saturday night in Portland, Oregon. We offer in-house support services, including financial analysis, research, and marketing. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. SVN Economic Update: April 2021 Covid Cases and Vaccinations. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. 3800. 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. 5 03. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. Thanks to the Tax Cuts and Jobs Act of. Often, it’s a small group of people who. While the property is in a good location with great amenities and. 222. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. 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. 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. SVN Bluestone, Principal Broker If your desk is like mine, it might be a little cluttered. 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. . Managing Director - SVN | Bluestone Portland, OR. The prime location was ideal for the buyer. Contact SVN Bluestone and Hockley Advisors for. . 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. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. SVN | Bluestone & Hockley is a Portland commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. 51-100. Read more news at SVN Bluestone! Stay Connected. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. 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. James Schaff, President of SVN Bluestone. Without overwhelming majorities in the House or Senate, President Biden will be. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Read more news at SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. Here’s Why. We don’t discriminate based upon size. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. 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!SVN Economic Update: January 27, 2023 GDP. We are a leader in the. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. 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 average worker spends 40% of the day at their desk. Foxstar Apartments is a 20 units complex situated in East Portland. The SVN Economic Update for June covers several areas but the Fed Interest Rate Decision is the highlight! Fed Interest Rate Decision (1) On June 14th, The Federal Reserve announced a pause in interest-rate increases as it assesses the effects of its tightening efforts on the economy, holding the target federal funds rate at 5. 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. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. The relief generally applies to all. This is What the Upcoming Tenant’s Market Will Look Like. stores, shows how much retail real estate has changed in just the last decade. But in fact, in addition to inspecting your property on a regular basis, keeping it well maintained and having great communication with your property manager, accounting for your income and. View Article. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. Rent collections have ranged from 70-90%, depending on the ability of people to work. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. Here in Oregon nearly 270,000 initial claims were received in those. 9% 12 Mo. 49 likes. It was the slowest monthly climb for prices since December. 4% month-over-month and 6. . New Logo to Ring in the New Year. The health care establishment has yet to consider its patients as customers. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Tenants are struggling to pay their rent, and the government. . Our very low-income tenants are the most. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. Contact SVN Bluestone Advisors Jim Wierson II or Olesya… Liked by Joseph Aiston Heard a retail investor complain about 10% rent cap for residential, and explained that is the reason they don't. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. SVN Bluestone. Connect Patti Moller Vice President, Business Development Officer, Wells Fargo Commercial Banking Group. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Finding a property that made sense was extraordinarily difficult. Overview Vancouver Multi-Family 1,707 1,878 3. View Article. Absorption Units Vacancy Rate 12 Mo. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. within the last decade, spreading from tech startups to. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This may be lower than the real number due to the challenges many newly unemployed. 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. Banks and other financial institutions. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. Beaverton, Oregon, United States. The client of SVN Bluestone & Hockley advisor Cliff Hockley only had a limited amount of time to identify the up-leg of a 1031 exchange and close on both deals. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Her grandmother had passed away and had appointed Jaime the executor of her estate. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. 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. More time for you. 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. Changes in Portland FAIR Access in Renting Ordinance. 6% and registering well below the Dow Jones consensus forecast of 2. The face of campus retail is changing. 4 Acre. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Appraisal Adjustments – Covid-19 – Full presentation. According to the Bureau of Labor Statistics, the US economy added 517,000 jobs in January while the unemployment rate was little changed at 3. The Consumer Price Index (CPI) rose 6. Manager, Community Property at Bluestone & Hockley Real Estate Services. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. 8% 7. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. To ensure each of our owners, tenants and entrepreneurs have access to the most updated resources, we are providing this newsletter to give you information that may be valuable to you. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. 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. Economic output has slowed from Q3 2022, when real GDP grew at. 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!Overview Portland Multi-Family 7,390 10,627 5. . 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. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. Finding a. It’s been seven months since COVID-19 invaded our lives and consciousness. 4% over the past month, but are down slightly by 0. The demand for office space nationally will be robust post-Covid and this will be to a growing and booming economy, which creates additional demand for office space, low unemployment, favorable fiscal and monetary policy, and new office space layouts The Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. A majority. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. 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. 3800 Cliff Hockley Executive Director 503. VANCOUVER AVAILABILITY. 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 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 Consumer Price Index (CPI) rose 0. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 7% 9. We are all wondering if brokers and investors can find deals during the pandemic. . It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. 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. But now, retailers both large and small are seizing the opportunity to expand their operations beyond traditional shopping centers and onto university campuses where they can capture the attention of a niche audience: students. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. When our city and state were met with shutdowns and stay-at-home orders, there was a lot of uncertainty about how the real estate market would fare, and while there was a slight pause for about a week, the local Portland market has been full speed. The shuttering of retailers for an undisclosed period. It was a great building and we owned it for. Overview Portland Industrial 2. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. Core. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Stay Connected. After peaking at 100,000 branches in 2009, the number of bank. 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. 6The program will open for applications on March 8, 2021. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. Kristin Schaff, Executive Vice President, SVN Bluestone. After 2020, many believed the distress and dislocation of traditional shopping patterns caused by the pandemic would result in another year of an elevated number of stores shutting their doors. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. 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. If you are considering selling, you may be cashing your chips in a little too soon. 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. Jan 2016 - Present7 years 8 months. Welcome to Bluestone Real Estate Services. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. 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. . 222. CONTACT US. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. 1% month-over-month and 5. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. The program will require both business tenant and property owner participation. 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®. 47 extended the length of prior notice a landlord must give for no-cause evictions. 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. Executive Director, SVN | Bluestone and Hockley. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Visit and follow us on LinkedIn and Facebook!Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. As millennials age towards having children, while the generation continues to delay home buying, family-friendly rental units will become more important in the future, according to a new study on family renter housing by the Urban Land Institute, Terwilliger Center for Housing and RCLCO. That is a piece of conventional wisdom that appears to transcend cultures. Back Submit. View Article. 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. Three. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. Visit and follow us on LinkedIn and Facebook! Sign Up. 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. Industrial Property Lease Terms Get Shorter and Shorter. Understanding the terms of your tenants’ leases and. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. S. The company is headquartered in Beaverton, Oregon. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. 459. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Experienced Commercial Real Estate Brokers in Portland Oregon. 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. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. 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. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker & Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Many real estate investors are transitioning from Multifamily investments to commercial and NNN. The federal tax return filing deadline is now July 15, 2020. View Article. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. A real estate market that is now officially on the map in the eyes of institutional and private capital. 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. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. 0%. North Bonneville, WA. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. com. Stay Connected. An accomplished real estate broker since. 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. 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. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. 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. Wealth may pay, but it may not stay. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein.