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. Fuel Svn Belmont, Victoria, British Columbia. Year Built 1980. Wealth may pay, but it may not stay. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. i nfo@bluestonemgt. 2%. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. SVN Economic Update: March 2022 The Fed Raises Interest Rates. 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. 3800 cliff. com 503. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. By: Clifford A. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. If you calmly, wisely make the best of this difficult time, you. 1 These clauses remained relevant as interest rates were high - but interest rates have. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. Visit and follow us on LinkedIn and Facebook! Local Commercial Real Estate Advisors. For Lease $23. Get more news at SVN Bluestone and Hockley. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. Suite 300, Portland, Oregon will conduct a. 93. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. The hotel sold for $2,350,000 and will be converted to affordable housing. It employs 6-10 people and has $0M-$1M of revenue. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. Often, it’s a small group of people who. 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. 137 likes · 1 talking about this · 32 were here. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. When our city and state were met with shutdowns and stay-at-home orders, there was a lot of uncertainty about how the real estate market would fare, and while there was a slight pause for about a week, the local Portland market has been full speed. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. We offer in-house support services, including financial analysis, research, and marketing. 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. You are responsible. 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. Manager, Community Property at Bluestone & Hockley Real Estate Services. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. 2021 Portland Tax Changes. 17933 NW Evergreen Place, Beaverton, OR 97006. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Visit and follow us on LinkedIn and Facebook!Stacy Looney, Senior Advisor at SVN | Bluestone in Beaverton, OR has commercial real estate listings for sale or rent on showcase. SVN Economic Update: March 2022. 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. 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. 1% month-over-month, according to the latest numbers from. Overview Portland Industrial 2. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. We strive. His focus is on the Clark County, Washington multifamily marketplace. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. 2%, gas up 40 basis points to 4. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. 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. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. 2% 12 Mo. 6The program will open for applications on March 8, 2021. Stay Connected. SVN | Bluestone Advisors work with properties ranging in scope and scale from a small apartment property in a tertiary market to large institutional caliber multi-state portfolios. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Shortly after the November 3, 2020 elections, SVN | Bluestone and Hockley, Bluestone and Hockley Real Estate Services, Moss Adams (certified public accountants) and CKR Law Group (specializing in tax appeals) co-sponsored a seminar on new taxes that businesses, high net worth individuals and real estate investors will incur in 2021. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. com. 75% for nonprofits. One year ahead inflation expectations for rent ticked up 20 basis points to 9. 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. SVN | Bluestone 153 followers 1w Report this post Report Report. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 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. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. The SVN Brand is comprised of over 1,600 Advisors and staff in more. 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. It employs 6-10 people and has $0M-$1M of revenue. . 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. 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. 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. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. Visit and follow us on LinkedIn and Facebook! Sign Up. This is the main concept I want to deliver in this article. When KKR & Co. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. 8% 7. 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. Bluestone and Hockley Real Estate Services. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. 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. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. 4% month-over-month and 6. Cost segregation studies are a very effective way to generate savings when buying investment property. 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. 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. After getting off the phone and arranging for her flight to Florida, Jaime wondered. The Consumer Price Index (CPI) rose 0. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Vancouver WA 98660. 1. 75% for small businesses and 2. . 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. Ordinance VMC 8. Finding a property that made sense was extraordinarily difficult. Guide to Reopening Business Amid Covid-19: Landlords. Email. 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. We are your source for residential and commercial property management, commercial brokerage, and HOA management. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. 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. Bluestone & Hockley Collections Report. 4 Acre. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. Overview Portland Multi-Family 7,390 10,627 5. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. Three. Image via pxhere A bill that caps annual rent increases to 5 percent passed the state legislature and is expected to be signed into law by Governor Newsom. 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. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. 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. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. 5% year-over-year and just 0. 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. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. 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. 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. 54836. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. We are all wondering if brokers and investors can find deals during the pandemic. We are all wondering if brokers and investors can find deals during the pandemic. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. For decades, universities were known for their dearth of retail beyond a college bookstore. The complex is well maintained with a stable tenant base. , 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. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. 9% 12 Mo. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. hockley@svn. 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. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 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. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. There are 60 or so developments under construction valued at $10 million or more. SVN Bluestone is a company that operates in the Real Estate industry. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. SBA Economic Injury Disaster Loan. CPI Inflation The Consumer Price Index (CPI) rose 6. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 2% 7. RECEIVERSHIP. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 462 likes. 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. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. 8% 7. Many commercial real estate investors are experiencing significantly reduced income from their properties. Many years ago, our attorney advised us to implement a succession plan. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 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. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. A real estate market that is now officially on the map in the eyes of institutional and private capital. 2% from one year ago, roughly in line with last month’s increase and climbing just 0. At 70%, Renewals Dominate Office Leasing. More time for you. Lot Size 8. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. 5% 12 Mo. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. 0%. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. They should be considered by every real estate investor on every transaction. 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. View ArticleThe SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. SVN | Bluestone Nov 2019 - Present 4 years. For your property management needs, visit the Bluestone Real Estate Services website. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. Our new brand more accurately represents the company’s. Property Size 60,115 SF. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. Contact Brian directly. Executive Director, SVN | Bluestone and Hockley. . We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. In fact, in some areas, it has flourished. 222. 1% month-over-month and 5. The program will require both business tenant and property owner participation. Connect Samantha Jordan Portland, OR. 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. 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. 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. 222. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. 5% year-over-year and just 0. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. I am a Hotel Broker with combined experience in hotel operations, commercial real estate investment, and mortgage lending services. Most Investors just look at one thing, how big the check is at the end of the month. 4% Units paid so far; We are making good progress regarding our residential tenancies. One of the most visible and devastating impacts of the state’s stay-at-home order to protect us from the human health crisis presented by COVID-19 has been mass layoffs. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. 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. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. 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. SVN Economic Update: September 2023. Median home-price expectations for one year ahead climbed 30 basis points to 3. 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. View Article. Overview Vancouver Multi-Family 1,682 1,820 3. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. 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. . ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Jan 2016 - Present7 years 8 months. The health care establishment has yet to consider its patients as customers. 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. . 3M 229K 4. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. 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. During. Net operating income (NOI) is the driver of value in real estate investing. View Article. Back Submit. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. 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. The number of unemployed persons was also little changed at 5. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. 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. Delivered Units 12 Mo. 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. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. The Four Phases of Recovery We Can Expect Next Year. While the June pause was intended to start a “wait and see” approach by officials, their meeting minutes and commentary in recent weeks suggested to the market that they were prepared to. Leased! 7,965 SF at the Ross Center in Happy Valley. All amenities are within walking distance. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. To ensure each of our owners, tenants and entrepreneurs have access to the most updated resources, we are providing this newsletter to give you information that may be valuable to you. SVN Bluestone & Hockley Senior Advisors represented the buyers. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. Overview Portland Industrial 2. The roads were clear, and it was 50 degrees out. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. We never stopped working even when we made the decision to leave the office to protect our employees from COVID -19. 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. SVN Bluestone. . 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. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. View Article. 2% month-over-month. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Executive Director, SVN | Bluestone and Hockley. SVN Bluestone is a company that operates in the Real Estate industry. The company is headquartered in Beaverton, Oregon. 222. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. According. For tax payments of up to $10 million, the IRS has also. Source: Kelsi Maree Borland with GlobeSt. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. While it is certainly important for clients to make a plan for their eventual death, if that is all they plan for, their planning will be woefully inadequate. 7 million. Overview Vancouver Multi-Family 1,707 1,878 3. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. com. 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. 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. James Schaff, President of SVN Bluestone. Portland, OR. We are a leader in the. 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. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, President, Bluestone and Hockley Real Estate Services Executive Director, SVN Bluestone and Hockley Ever wonder why some people are wealthy and others are not? Do theyThe SVN Bluestone investment team of Cliff Hockley, Jim Wierson II, and Olesya Prokhorova sourced a transaction for a client that involved a complicated 1033 Exchange. 7% year-over-year and 0. The annual inflation rate has now fallen for six consecutive months. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. Overview Vancouver Multi-Family 1,436 1,592 4. The property is located in NE Portland location with great WalkScore. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. 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. The transaction closed in March of 2021. Portland rents have increased 0. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Economic Update for March 2023. Landlord and Tenant Law. How Gen Z Renters Might Reshape Multifamily. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. 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. Cost segregation studies are a very effective way to shelter investment property. I have been licensed to sell real estate. Rent collections have ranged from 70-90%, depending on the ability of people to work. Her grandmother had passed away and had appointed Jaime the executor of her estate. Park Regency is a well-kept property being sold to resolve a trust. Office Leasing, as Companies Expand into New Markets. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. 4%. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. ”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. View Article. Wealth may pay, but it may not stay. . SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. An accomplished real estate broker since. The Ordinance created sweeping changes to Portland in. 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. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. Brokerage. 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. Thanks to the Tax Cuts and Jobs Act of. 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. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. 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. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Industrial Experts Address Challenges Amid Historic Demand. The fall of the Toys “R” Us chain, with more than 700 U. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. 1%, its highest mark since July of last year. They should be considered by every real estate investor on every transaction. Portland Metro. A Tenant’s “Survival Guide” to COVID-19. We begin by listening to them. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. VANCOUVER AVAILABILITY. 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. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. Bluestone & Hockley and Criteria Properties are merging! SVN Bluestone and Hockley will continue to be a sister company to Bluestone and Hockley, providing commercial real estate brokerage services!Concerns about rising interest rates and weakening economic growth have led to a slowdown in commercial mortgage originations, particularly in out-of-favor asset types, despite the wide availability of debt capital. View Article Equity Residential Takes Chips Off the Table by Selling 23,000 Units of Their Perceived Risky Apartments Assets. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Good news for US Housing Economy. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. The national election is over, and we have a new president and new legislators filling both national and statewide positions. These include banking and lending risks, insurance costs, and. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. 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. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Visit and follow us on LinkedIn and Facebook! Sign Up. Today we are delving into the 2016 Top Retail Markets to Watch. 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. Some Retailers are Opening New Stores. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. 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. 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. Beaverton, Oregon, United States.