After peaking at 100,000 branches in 2009, the number of bank. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. If you are considering selling, you may be cashing your chips in a little too soon. 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. SVN Economic Update: August 11, 2023. resendez@svn. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. They should be considered by every real estate investor on every transaction. As one of. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Median home-price expectations for one year ahead climbed 30 basis points to 3. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. 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. The tenant, Make Life Work DBA Vida Coworking, will occupy over 12,000 SF in this highly visible and well-trafficked location!SVN Economic Update: March 2022. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. 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. Stay Connected. By: Clifford A. That is a piece of conventional wisdom that appears to transcend cultures. 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. New Logo to Ring in the New Year. There has been a shift in demand for rental housing due to demographic and other changes in our society. The relief generally applies to all obligations that otherwise would. . SVN Economic Update: March 2022 The Fed Raises Interest Rates. Lot Size 8. . 47 extended the length of prior notice a landlord must give for no-cause evictions. Despite the broader rise in inflation expectations, they remain well. SVN | Bluestone & Hockley 4915 SW Griffith Dr. The roads were clear, and it was 50 degrees out. 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. 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. Wealth may pay, but it may not stay. We are all wondering if brokers and investors can find deals during the pandemic. Today we are delving into the 2016 Top Retail Markets to Watch. The hotel sold for $2,350,000 and will be converted to affordable housing. 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. Now that we’ve. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. 2021 Portland Tax Changes. After getting off the phone and arranging for her flight to Florida, Jaime wondered. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. But some aspects of our lives don’t take time off, and if you operate a business in leased real estate, your lease obligations won’t take hiatus. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. Eighty percent of work is defined as “collaborative. 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. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Almost 15 years ago, as a newbie property manager, I received a scary letter from the fire marshal about one of the commercial properties in my portfolio. Delivered Units 12 Mo. They should be considered by every real estate investor on every transaction. . Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. Absorption Units Vacancy Rate 12 Mo. SVN Economic Update: January 13, 2023. 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. 1% month-over-month and 5. In fact, in some areas, it has flourished. 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. SVNIC’s 2016 Market Outlook Reports assess the current state of the national commercial real estate market, and identify micro-trends within specific geographic regions and industries for 2016. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. Absorption Units Vacancy Rate 12 Mo. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. 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. SVN | Bluestone Advisors work with properties ranging in scope and scale from a small apartment property in a tertiary market to large institutional caliber multi-state portfolios. The apartment complex which was originally listed as a. Here in Oregon nearly 270,000 initial claims were received in those. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. 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. 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. Overview Vancouver Multi-Family 1,707 1,878 3. . Good news for US Housing Economy. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. Delivered Units 12 Mo. Welcome to Bluestone Real Estate Services. 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. Portland's biggest construction projects right now. Portland Metro. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. One of the factors that has maintained rent collections is the $600/week federal unemployment aid that is set to expire on July 31 st. It is the final article detailing many of the Oregon laws that were. If you calmly, wisely make the best of this difficult time, you. . With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. Core. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. 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. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. 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. 8% 7. Executive Director, SVN | Bluestone and Hockley. The client had initially purchased the property in anticipation that a casino would be built. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 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. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. Executive Director, SVN | Bluestone and Hockley. 37. Housing is popular because it has generally held up during the pandemic. stores, shows how much retail real estate has changed in just the last decade. Ordinance VMC 8. Real estate appraisers in Oregon, are carefully threading the needle of real estate valuation, as they assess the COVID-19 coronavirus and its impact on real estate supply and demand. It’s been seven months since COVID-19 invaded our lives and consciousness. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. For your property management needs, visit the Bluestone Real Estate Services website. 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. . While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. Delivered Units 12 Mo. 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. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. . The program will require both business tenant and property owner participation. 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. Absorption Units Vacancy Rate 12 Mo. Tenants are struggling to pay their rent, and the government. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. 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. RECEIVERSHIP. The Buyer was in. Absorption Units Vacancy Rate 12 Mo. 00/SF/YR. 0%. View ArticleBy: Clifford A. 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. The seller wanted a quick sale at the highest possible price. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. 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. 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. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. S. 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. 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. Federal Resources SBA Economic Injury Disaster Loan Program SBA is providing low interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Work/ Life Balance that is absent the excessive. Delivered Units 12 Mo. 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. We strive to build long-term relationships with our property owners and tenants. 3800. SVN Bluestone is a company that operates in the Real Estate industry. Our very low-income tenants are the most. Rent collections have ranged from 70-90%, depending on the ability of people to work. Investing in real estate is a funny thing. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. com 503. SVN Bluestone Profile and History. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 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. It employs 6-10 people and has $0M-$1M of revenue. 8: 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. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. All of us have been affected in one way or another. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley Most residential. Finding a property that made sense was extraordinarily difficult. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. Without overwhelming majorities in the House or Senate, President Biden will be. 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. 2021 Portland Tax Changes. Not the largest or the most actively contested markets, the 2016 Retail Markets to. . Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. Many commercial real estate investors are experiencing significantly reduced income from their properties. 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. A real estate market that is now officially on the map in the eyes of institutional and private capital. 7% 9. 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. 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. 4341 patrice. SVN Economic Update: March 2022. 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. Overview Vancouver Multi-Family 1,682 1,820 3. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. BEAVERTON, OR 97005 Patrice Cook Advisor 503. The Consumer Price Index (CPI) rose 0. The Portland Diamond Project noted in an announcement this past week that it reached an agreement in principle with the Port of Portland to develop a ballpark on a 45-acre site, dubbed Terminal 2. Contact Brian directly. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. 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. The California State Capitol building. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. When it’s time to return to the office and reopen business there are multiple things to consider. Real GDP increased at a 2. as well as real estate brokers that are part of our sister company SVN |. Understanding the terms of your tenants’ leases and. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. Get more news at SVN Bluestone and Hockley. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. 503-577-7710 brian. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN | Bluestone is a Portland commercial real estate brokerage firm specializing in the sale of commercial, multifamily and hospitality properties, and the leasing of regionally located. 7% year-over-year and 0. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. 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. That is a piece of conventional wisdom that appears to transcend cultures. View Article. Below are additional resources for businesses as the country reopens. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Foxstar Apartments is a 20 units complex situated in East Portland. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. 2% month-over-month and 3. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. 222. Larger REIT’s. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. 4359. 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. It was the slowest monthly climb for prices since December. Families Key in Future Rental Housing Market. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. SVN | Bluestone Apr 2022 - Present 1 year 4 months. 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. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. 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. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. . Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. The annual inflation rate has now fallen for six consecutive months. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. SVN Economic Update: September 2023. 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. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. The yield on a 10-year US Treasury Bill rose to 1. What we have learned is that real estate is mostly a. View Article. Back Submit. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. , Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. Visit and follow us on LinkedIn and Facebook!SVN Economic Outlook: April 28, 2023 Q1 2023 GDP (1) The US economy grew at an annualized rate of 1. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. CPI Inflation The Consumer Price Index (CPI) rose 6. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. 3M 229K 4. Remember when you learned how to ride a bike. The transaction closed in March. The Consumer Price Index (CPI) rose 6. Often, it’s a small group of people who. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. Three. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The Ordinance created sweeping changes to Portland in. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Q&A with Albert M Lindeman, SVP, National Council Chair Office Properties & Jeffrey C. Stay Connected. Net operating income (NOI) is the driver of value in real estate investing. , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. 7% 6. 13% as of January 8th, 2021— the highest level since March 18th, 2020. View ArticleThe SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. Bank branches across the US continue to bleed out as the COVID-19 pandemic rolls on, and experts caution that the impact on the CRE industry could be profound this year. 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. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of. Stay Connected. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. View Article. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. 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 Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. 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. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. 3% in comparison to the same time last year, according to a new April report from Apartment List. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. 4 Acre. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. 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. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 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. 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. We are a leader in the Portland/SW. 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. CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. 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. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. 6% month-over-month in August, its largest monthly increase. 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. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Finding a. 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. Bluestone & Hockley Collections Report. View Article. 2% 7. 7 million. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. 1% 12 Mo. Overview Vancouver Multi-Family 1,707 1,878 3. 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. 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. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. SVN Bluestone, Principal Broker. SVN | Bluestone is a real estate brokerage firm that offers asset, property management, investment, and commercial leasing services. 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. Absorption Units Vacancy Rate 12 Mo. 4%. , SUITE 300, PORTLAND, OR 97219 OFFERING MEMORANDUMSVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW Beaverton Hillsdale Highway in Beaverton, Oregon. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 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. Eric Castle, Managing Director SVN Bluestone. As a business owner and an owner of investment real estate I was not prioritizing the significance and urgency to set up the succession plan, so I ignored his advice. 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 Beaverton, OR (503) 459-4387. Get more news from SVN Bluestone and Hockley! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. 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 SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Sources: Marketplace. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. . Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Economic indicator reports arrive regularly in a newsroom. SVN | Bluestone Nov 2019 - Present 4 years. 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. The company is headquartered in Beaverton, Oregon. Sources: Marketplace. . There was a title. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. ”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. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. 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. 3800 Cliff Hockley Executive Director 503. 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. 1. SVN Economic Update: February 10, 2023 January Jobs Report. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. 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®. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. 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. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Email. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. “You have to understand this is a very unusual situation, with. Eviction Doomsday Isn’t Coming. The complex is well maintained with a stable tenant base. Vancouver WA 98660. However, due to personal issues, a decision was made to sell the property. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. SVN | Bluestone Advisors provide local commercial real estate knowledge and expertise that transcends typical brokerage services. For decades, universities were known for their dearth of retail beyond a college bookstore. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. .