Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley Most residential. Property Size 60,115 SF. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. 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. As Covid-19 continues to spread and impact every aspect of American’s lives, nothing is more important than our health and safety of that of our loved ones. SVN | Bluestone Nov 2019 - Present 4 years. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. Understanding the terms of your tenants’ leases and. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. Overview Vancouver Multi-Family 1,682 1,820 3. Delivered Units 12 Mo. 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. Lot Size 8. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. 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. 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. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. The growing open floor plan trend has taken root in offices everywhere, but what was once thought as the solution to increased collaboration, many believe is slowly destroying the workplace. Executive Director, SVN | Bluestone and Hockley. SVN Bluestone, Principal Broker. 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 SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. 4% 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth Portland's industrial sector was displaying strength evenBluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Banks and other financial institutions. The Waldport, Oregon hospitality property was a non-operational REO property. In fact, in some areas, it has flourished. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. 5% . Delivered Units 12 Mo. A drop in lumber prices has invigorated demand for commercial building projects, especially for the multifamily product, Sherwood Lumber chief operating officer Kyle Little told CNBC last week. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. Portland's biggest construction projects right now. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. 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. In this presentation, Blake will present the latest updates on the City of Portland’s ordinance changes for Unreinforced Masonry (URM) buildings, including placarding and. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 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. Connect Samantha Jordan Portland, OR. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. 17933 NW Evergreen Place, Beaverton, OR 97006. Investing in real estate is a funny thing. The federal tax return filing deadline is now July 15, 2020. 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. 2021 Portland Tax Changes. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. If you calmly, wisely make the best of this difficult time, you. 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. Building Class B. 48 gallons One day= 1440 minutes One month= 30. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. 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. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. 2% 12 Mo. View Article. . 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. 9%Executive Director, SVN | Bluestone and Hockley. 76976. Portland rents have increased 0. Karlin is a managing Principal Broker in Oregon and Washington. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. resendez@svn. A Chinese saying that goes “Wealth. For Lease $23. We make no guarantee, warranty or representation. Welcome to Bluestone Real Estate Services. 37. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. . – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. 9% 12 Mo. Park Regency is a well-kept property being sold to resolve a trust. The Four Phases of Recovery We Can Expect Next Year. At Sperry Van Ness she is one of the top-producing brokers, ranked in the top 10% of over 1,000 brokers nationally in 2013. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. Housing is popular because it has generally held up during the pandemic. Economic indicator reports arrive regularly in a newsroom. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. Today we are delving into the 2016 Top Retail Markets to Watch. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. That is a piece of conventional wisdom that appears to transcend cultures. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. We are all wondering if brokers and investors can find deals during the pandemic. Untrained and Confused. 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. Recessions generally occur when there is a widespread drop in spending. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. The hotel sold for $2,350,000 and will be converted to affordable housing. Thanks to the Tax Cuts and Jobs Act of. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. . Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. com. 3800 Cliff Hockley Executive Director 503. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. 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. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. 25% while. 1409 Franklin Street, Suite 203. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. 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. Industrial Experts Address Challenges Amid Historic Demand. The health care establishment has yet to consider its patients as customers. 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. With over a. 49 likes. Connect Patti Moller Vice President, Business Development Officer, Wells Fargo Commercial Banking Group. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Now that we’ve. 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. We don’t discriminate based upon size. 48 * 1440 = 10771. Loan repayment terms vary by applicant, up to a maximum of 30. Larger REIT’s. Core prices, which exclude food and energy rose 4. Long term interest rates, like the yield on 10-year Treasury bonds, fell below 1 percent at the start of. It’s clear from almost every metric that the Portland multifamily sector’s performance in 2018 outstripped that of the prior year in virtually every respect: rent growth increased, sales volume was up more than 30 percent and the number of new units added to the market during the year is way, way up. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. 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. SVN Economic Update: February 10, 2023 January Jobs Report. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. The California State Capitol building. 1. Without overwhelming majorities in the House or Senate, President Biden will be. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. . If you are considering selling, you may be cashing your chips in a little too soon. 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. -The average worker spends 40% of the day at their desk. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. SVN Bluestone, Beaverton, Oregon. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. SVN Economic Update: August 11, 2023. We were invited to a special meeting of friends. 75% for small businesses and 2. Overview Vancouver Multi-Family 1,707 1,878 3. Visit and follow us on LinkedIn and Facebook!The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Lest anyone be confused, COVID 19 is driving our current regional and national economy. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. RECEIVERSHIP. 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. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 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. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. . “You have to understand this is a very unusual situation, with. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Remember when you learned how to ride a bike. The annual inflation rate has now fallen for six consecutive months. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. 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. Stay Connected. SVN | Bluestone 153 followers 1w Report this post Report Report. 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. But Brian Stoffers, global president of debt and structured finance for Capital Markets at CBRE, doesn’t see lenders making irresponsible loans. We recently had an environmental engineer call out the registration issue. SVN Bluestone & Hockley Senior Advisors represented the buyers. America Inn & Suites – Waldport, Oregon. 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. 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. SVN Bluestone & Hockley chockley@bluestonehockley. SVN Economic Update: January 13, 2023. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. It’s been seven months since COVID-19 invaded our lives and consciousness. 2%. In this presentation, Leah Sykes will update us regarding changes to the city of Portland’s Landlord – Tenant ordinances with a focus on the major changes to tenant screening and security deposits. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. We strive. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. 8: 5. 1 These clauses remained relevant as interest rates were high - but interest rates have. Values go up and down. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. 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. Now available in thin veneer to provide a more believable alternative to "fake" cultured. For decades, universities were known for their dearth of retail beyond a college bookstore. Gen Z is surpassing millennials as the largest renter cohort dominating the multifamily market, which has comprised 42% of all CRE sales since the start of the pandemic, according to new Cushman & Wakefield data. 6% and registering well below the Dow Jones consensus forecast of 2. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. Penalties The following chart show the potential of a penalty for each type of infrac-tion based on the ordinance. Foxstar Apartments is a 20 units complex situated in East Portland. Here in Oregon nearly 270,000 initial claims were received in those first three weeks. 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. 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. 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. Stay Connected. This 18 guestroom motel is located on . The event was a tremendous success. Beaverton, Oregon, United States. Absorption Units Vacancy Rate 12 Mo. Real GDP increased at a 2. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our. 6% month-over-month in August, its largest monthly increase. To what degree will depend heavily on the property and the location. 459. Finding a. Stay Connected. The hotel sold for $1,00,000 and will be converted to affordable housing. 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. Our new brand more accurately represents the company’s. Overview Portland Multi-Family 7,390 10,627 5. It was a Saturday night, like any Saturday night in Portland, Oregon. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Expect Fewer Distressed Asset Opportunities Than in 2008. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. Suite 300, Portland, Oregon will conduct a. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. 3M 229K 4. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. 5% year-over-year and just 0. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. 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. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. 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. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. 503-577-7710 brian. View Article. Fed Interest Rate Decision (1) On July 26th, The Federal Reserve raised its benchmark interest rate by 25 bps, reversing a pause in rate-hikes that occurred in June. 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. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. A Tenant’s “Survival Guide” to COVID-19. . Q&A with Albert M Lindeman, SVP, National Council Chair Office Properties & Jeffrey C. 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 commercial spaces. 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. com. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The program will require both business tenant and property owner participation. 00/SF/YR. Delivered Units 12 Mo. Year Built 1980. The Buyer was in. New Logo to Ring in the New Year. Most Investors just look at one thing, how big the check is at the end of the month. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. Appraisals and Covid-19 Presentation- June 2020. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. Eighty percent of work is defined as “collaborative. They should be considered by every real estate investor on every transaction. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. 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. Industrial Property Lease Terms Get Shorter and Shorter. 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. Back Submit. . As we showed up just on time, we found out many more people showed up than they. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. I have been licensed to sell real estate. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. com 503. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. Kristin Schaff, Executive Vice President, SVN Bluestone. Source: Kelsi Maree Borland with GlobeSt. 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. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. 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. There was a title. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. We strive to build long-term relationships with our property owners and tenants. SVN Economic Outlook: April 14, 2023 CPI Inflation. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. 4359. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. Cascade Cove Mobile Home Park is an 18 unit mobile home park. 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. 1% month-over-month, according to the latest numbers from. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. SVN Bluestone, Beaverton, Oregon. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. Executive Director, SVN | Bluestone and Hockley. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. 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. . There are 60 or so developments under construction valued at $10 million or more. 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. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. By: Clifford A. Visit and follow us on LinkedIn and Facebook!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. Jan 2016 - Present7 years 8 months. Henry Ford, the father of Ford Motors, had a relentless focus on planning. North Bonneville, WA. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. com. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. . 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. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. as well as real estate brokers that are part of our sister company SVN |. 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. Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 459. Many years ago, our attorney advised us to implement a succession plan. Multifamily Developers Struggle to Build Garden Apartments. 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. Executive Director, SVN | Bluestone and Hockley. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. Net operating income (NOI) is the driver of value in real estate investing. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. 3%. A real estate market that is now officially on the map in the eyes of institutional and private capital. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. Email. 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. When KKR & Co. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Get more news at SVN Bluestone and Hockley. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. Absorption Units Vacancy Rate 12 Mo. 3800. 9% 4. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their. We are a leader in the Portland/SW. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. . While the specifics may be different, the industrial sector is lighting up across the western region. 5 days Convert cf to gallons times minutes (1 cf= 7. ” But underneath, they are nervous. The Ester Lee Motel is an historic motel located along the Oregon Coast Highway overlooking the Pacific Ocean. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. 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. James Schaff, President of SVN Bluestone. They should be considered by every real estate investor on every transaction. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook! Sign Up. 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. Portland, OR. CPI Inflation The Consumer Price Index (CPI) rose 6. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. View Article. 47 extended the length of prior notice a landlord must give for no-cause evictions. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. BEAVERTON, OR 97005 Patrice Cook Advisor 503. 3M 229K 4. SVN Economic Update: January 13, 2023 CPI Inflation. You are responsible. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. 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. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. Wealth may pay, but it may not stay. Eric Castle, Managing Director SVN Bluestone. com SVN | BLUESTONE & HOCKLEY |9320 SW BARBUR BLVD. That has attracted a lot of investors. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Sources: Marketplace. 5% 12 Mo. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. 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. 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. Advisor Kevin Wingate-Pearse brought this deal to an investor. 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. 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. 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. The relief generally applies to all. 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. Major. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. 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. Wealth may pay, but it may not stay. Ordinance VMC 8. The SVN Brand is comprised of over 1,600 Advisors and staff in more. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. More time for you. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. cook@svn. Portland Metro. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023.