Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. 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. Today we are delving into the 2016 Top Retail Markets to Watch. Loan repayment terms vary by applicant, up to a maximum of 30. Read more news at SVN Bluestone! Stay Connected. 2%, gas up 40 basis points to 4. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. It was a Saturday night, like any Saturday night in Portland, Oregon. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. Portland, Oregon. This may be lower than the real number due to the challenges many newly unemployed. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. 5% year-over-year and just 0. When it’s time to return to the office and reopen business there are multiple things to consider. 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. 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. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. 13% as of January 8th, 2021— the highest level since March 18th, 2020. The Waldport, Oregon hospitality property was a non-operational REO property. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. What we have learned is that real estate is mostly a. 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. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. 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. Real GDP increased at a 2. Jan 2016 - Present7 years 8 months. Through a culture of compensated cooperation and national reach that assures maximum exposure for each listing, SVN advisors create unprecedented value for real estate investors year after year. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. I have been licensed to sell real estate. That is a piece of conventional wisdom that appears to transcend cultures. 4% Units paid so far; We are making good progress regarding our residential tenancies. 1. 1% 12 Mo. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. 2% May Rent Collected so far; 91. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. 5 03. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. A real estate market that is now officially on the map in the eyes of institutional and private 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. Kristin Schaff, Executive Vice President, SVN Bluestone. 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. hockley@svn. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. 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. 00/SF/YR. . At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. This event will be held on. 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. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. For Lease $23. The number of unemployed persons was also little changed at 5. Median home-price expectations for one year ahead climbed 30 basis points to 3. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. Not the largest or the most actively contested markets, the 2016 Retail Markets to. Executive Director, SVN | Bluestone and Hockley. Families Key in Future Rental Housing Market. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. 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. SVN | Bluestone Apr 2022 - Present 1 year 4 months. Executive Director, SVN | Bluestone and Hockley. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 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. 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. The transaction closed in March. 9%Executive Director, SVN | Bluestone and Hockley. That is a piece of conventional wisdom that appears to transcend cultures. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 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. Landlord and Tenant Law. 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. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. Multifamily Developers Struggle to Build Garden Apartments. 7% 6. The demand for office space nationally will be robust post-Covid and this will be to a growing and booming economy, which creates additional demand for office space, low unemployment, favorable fiscal and monetary policy, and new office space layouts The Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. View Article. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. 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. SVN Economic Update: September 2023. 2%. When it’s time to return to the office and reopen business there are multiple things to consider. Delivered Units 12 Mo. Finding a property that made sense was extraordinarily difficult. The yield on a 10-year US Treasury Bill rose to 1. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. 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. 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. 462 likes. More time for you. 4 Acre. 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. The property was a mixture of multi-plexes, and the Seller’s motivation was to sell the portfolio as one to simplify their exit strategy. With most buildings empty or near-empty from coast to coast, office investors put a brave face on the future of the sector—“it’s still alive,” “not going anywhere,” “as soon as there is a vaccine we will be back to normal. Get more news at SVN Bluestone and Hockley. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. 93. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. ”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. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. To what degree will depend heavily on the property and the location. Changes in Portland FAIR Access in Renting Ordinance. The Owner of the property had been long-term owners and built property. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Recessions generally occur when there is a widespread drop in spending. 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. . One year ahead inflation expectations for rent ticked up 20 basis points to 9. 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. Economic output has slowed from Q3 2022, when real GDP grew at. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. 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. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. 2021 Portland Tax Changes. 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. An accomplished real estate broker since. CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. Visit and follow us on LinkedIn and Facebook!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. His focus is on the Clark County, Washington multifamily marketplace. 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. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. The hotel sold for $2,350,000 and will be converted to affordable housing. Our new brand more accurately represents the company’s. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Bluestone is a company that operates in the Real Estate industry. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Property Size 60,115 SF. That has attracted a lot of investors. That scenario could leave many companies weakened and some unable to survive the transition. com Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution While no one knows the severity of economic disruption the coronavirus pandemic will cause, it is likely to hit retail tenants significantly. We are all wondering if brokers and investors can find deals during the pandemic. The unemployment rate has declined rapidly over the past two months after slower declines in the first five months of 2021. SVN | Bluestone Advisors provide local commercial real estate knowledge and expertise that transcends typical brokerage services. 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. . Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. 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. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. Property Type Office - General Office. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. SVN Bluestone. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. View Article. Despite the broader rise in inflation expectations, they remain well. 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. Rent collections have ranged from 70-90%, depending on the ability of people to work. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. 8: 5. Our new brand more accurately represents the company’s. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. Overview Vancouver Multi-Family 1,682 1,820 3. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. 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. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. By: Clifford A. 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. Overview Vancouver Multi-Family 1,707 1,878 3. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. Thanks to the Tax Cuts and Jobs Act of. , Suite 300 Portland, OR 97219 503. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. 7% year-over-year, the lowest annual increase since October 2021. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. It is your responsibility to independently confirm accuracy and completeness. . 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. Executive Director, SVN | Bluestone and Hockley. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. . Portland rents have increased 0. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. The California State Capitol building. as well as real estate brokers that are part of our sister company SVN |. 5% . 3M 229K 4. We offer in-house support services, including financial analysis, research, and marketing. Executive Director, SVN | Bluestone and Hockley As an owner of a company with between 80 and 100 employees, we have been pondering if we should be going back to work at the office. SVN Bluestone & Hockley 2019 Recap and Successes. Disappearing Bank Branches. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. Long term interest rates, like the yield on 10-year Treasury bonds, fell below 1 percent at the start of. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. 4%. A majority. . 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. Absorption Units Vacancy Rate 12 Mo. Beaverton, Oregon, United States. 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. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. 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. 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 & Hockley is a Portland commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. SVN | Bluestone Nov 2019 - Present 4 years. 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. i nfo@bluestonemgt. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 37. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. The roads were clear, and it was 50 degrees out. SVN Bluestone, Principal Broker. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. Overview Vancouver Multi-Family 1,707 1,878 3. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. Here’s Why. The Buyer had to find a financial institution (a credit union) that was willing to place four separate loans on the portfolio so that in the future, they could trade pieces of the portfolio without the limitation of one loan lumping. 9% 4. cook@svn. 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. Leasing Portland Industrial While leasing activity has slowed as firms adjust expectations and needs in response to COVID-19, the industrial sector is holding up better than other For your property management needs, visit the Bluestone Real Estate Services website. 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. Cost segregation studies are a very effective way to shelter investment property. Untrained and Confused. 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. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 2021 Portland Tax Changes. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. The event was a tremendous success. Sources: Marketplace. Email. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. SVN Bluestone. . Values go up and down. Ordinance VMC 8. 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. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. The national election is over, and we have a new president and new legislators filling both national and statewide positions. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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®. Portland, OR. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. 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. Eric Castle, Managing Director SVN Bluestone. SVN Economic Update: January 13, 2023. Open by appointment only. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. We. By: Clifford A. 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. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. Industrial Property Lease Terms Get Shorter and Shorter. 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. 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. 49 likes. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. During. 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. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Core. 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. 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. Q&A with Ryan Imbrie, CCIM, Managing Director and SVN Retail Product Council Chair What’s going on, in general, in the retail asset class as a result of Covid-19? Retail tenants are experiencing a devastating impact as a result of the COVID-19. 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. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. 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. 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. If you calmly, wisely make the best of this difficult time, you. Core prices, which exclude food and energy rose 4. . SVN Economic Outlook: April 14, 2023 CPI Inflation. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. Portland's biggest construction projects right now. 75% for small businesses and 2. Delivered Units 12 Mo. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. ProSchools 15 years 9 months Enterprise Catalog Manager ProSchools Dec 2002 - Aug 2018 15 years 9 months. CONTACT US. Expect Fewer Distressed Asset Opportunities Than in 2008. 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. Banks and other financial institutions. Economic Update for March 2023. After getting off the phone and arranging for her flight to Florida, Jaime wondered. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. This recession is fundamentally different than the Great Financial Crisis in 2008, and as a result, the opportunities to benefit from the market dislocation will also be much different. There were also limited records kept for the property. resendez@svn. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. 2% 12 Mo. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. The seller wanted a quick sale at the highest possible price. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. 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. 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. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. 2% month-over-month. 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. 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. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. SVN Bluestone is a company that operates in the Real Estate industry. 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. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. SVN Economic Update: August 11, 2023. 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. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 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. com 503. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. 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. . We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. 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. They can be found throughout the city, but most are clustered in the downtown core. This past year for residential landlords has been a whirlwind of changes and new laws. 25% while. Industrial Experts Address Challenges Amid Historic Demand. 51-100. Her grandmother had passed away and had appointed Jaime the executor of her estate. 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. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. 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. . Investing in real estate is a funny thing. 1409 Franklin Street, Suite 203. SVN | Bluestone 153 followers 1w Report this post Report Report. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. Henry Ford, the father of Ford Motors, had a relentless focus on planning. BEAVERTON, OR 97005 Patrice Cook Advisor 503. The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. . If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. Lest anyone be confused, COVID 19 is driving our current regional and national economy. VANCOUVER AVAILABILITY. Welcome to Bluestone Real Estate Services. Senior Advisor. The property is located in NE Portland location with great WalkScore. It employs 6-10 people and has $0M-$1M of revenue. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. We are a leader in the Portland/SW. Resident Relationship Manager at Bluestone & Hockley Real Estate Services Elsa Sandoval is a Resident Relationship Manager at Bluestone & Hockley Real Estate Services based in Portland, Oregon. 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. 3800 cliff. His focus is on the Clark County, Washington multifamily marketplace. SVN Bluestone and Bluestone Real Estate Services. Email. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. Stay Connected. We are all wondering if brokers and investors can find deals during the pandemic. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience.