View Article. 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. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. 222. The Bluestone Real Estate Services team has managed residential and commercial property and community associations throughout the Willamette Valley, Oregon Coast and SW Washington areas since 1972. By: Clifford A. The complex is well maintained with a stable tenant base. 2%, gas up 40 basis points to 4. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott | Edwards Architecture for a review of the proposed property zoning changes coming in 2018. hockley@svn. Families Key in Future Rental Housing Market. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. SVN Bluestone and Bluestone Real Estate Services. The annual inflation rate has now fallen for six consecutive months. Understanding the terms of your tenants’ leases and. com. The seller wanted a quick sale at the highest possible price. A real estate market that is now officially on the map in the eyes of institutional and private capital. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. 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. 1409 Franklin Street, Suite 203. Vancouver WA 98660. Lest anyone be confused, COVID 19 is driving our current regional and national economy. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 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. By: Clifford A. Property Size 60,115 SF. 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. Our new brand more accurately represents the company’s. 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. . Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. The Buyer was in. Eviction Doomsday Isn’t Coming. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. We make no guarantee, warranty or representation. Through a culture of compensated cooperation and national reach that assures maximum exposure for each listing, SVN advisors create unprecedented value for real estate investors year after year. SVN Economic Update: March 17, 2023 Inflation. Often, it’s a small group of people who. Overview Vancouver Multi-Family 1,436 1,592 4. The company is headquartered in Beaverton, Oregon. . Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, President, Bluestone and Hockley Real Estate Services Executive Director, SVN Bluestone and Hockley Ever wonder why some people are wealthy and others are not? Do theyThe SVN Bluestone investment team of Cliff Hockley, Jim Wierson II, and Olesya Prokhorova sourced a transaction for a client that involved a complicated 1033 Exchange. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. We scrimped and saved and after three years we purchased a 6000 square foot building. 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. . Many commercial real estate investors are experiencing significantly reduced income from their properties. ” But underneath, they are nervous. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 00/SF/YR. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. We recently had an environmental engineer call out the registration issue. SVN Bluestone, Beaverton, Oregon. In fact, in some areas, it has flourished. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. 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. 9%Executive Director, SVN | Bluestone and Hockley. Jan 2016 - Present7 years 8 months. By: Clifford A. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. The hotel sold for $2,350,000 and will be converted to affordable housing. Posted on by SVN. View Article Leased! 7,965 SF at the Ross Center in Happy Valley ong before the pandemic, multifamily developers throughout US cities were faced with a challenging environment; characterized by a scarcity of vacant land and compounded by restrictions on density and high construction costs. It is your responsibility to independently confirm accuracy and completeness. SVN | Bluestone is a real estate brokerage firm that offers asset, property management, investment, and commercial leasing services. A real estate market that is now officially on the map in the eyes of institutional and private capital. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. That is a piece of conventional wisdom that appears to transcend cultures. Wealth may pay, but it may not stay. 1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real Estate 1890 State St Marion County 2,514 Q2 21 - - Coldwell Banker Comm… Commercial real estate success story during pandemic! 1820 SE Burnside sold for $3,150,000. The national election is over, and we have a new president and new legislators filling both national and statewide positions. Economic output has slowed from Q3 2022, when real GDP grew at. View Article. 17933 NW Evergreen Place, Beaverton, OR 97006. The client had initially purchased the property in anticipation that a casino would be built. 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. Portland Metro. SVN Bluestone is a company that operates in the Real Estate industry. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. 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. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. 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. 0%. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. 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. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. 5% . 75% for nonprofits. Her grandmother had passed away and had appointed Jaime the executor of her estate. stores, shows how much retail real estate has changed in just the last decade. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. The Owner of the property had been long-term owners and built property. Economic indicator reports arrive regularly in a newsroom. 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. -The average worker spends 40% of the day at their desk. These include banking and lending risks, insurance costs, and. We are all wondering if brokers and investors can find deals during the pandemic. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. . SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. Beaverton, Oregon, United States. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. com SVN | BLUESTONE & HOCKLEY |9320 SW BARBUR BLVD. The Four Phases of Recovery We Can Expect Next Year. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Our very low-income tenants are the most. . – but is the world ready to hand over the safety of travel to computers? According to a. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. Cost segregation studies are a very effective way to generate savings when buying investment property. 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. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. S. New Logo to Ring in the New Year. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 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. 459. Larger REIT’s. 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. 2% from one. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. 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. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. SVN Bluestone is a company that operates in the Real Estate industry. 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 layoutsThe Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. Connect Samantha Jordan Portland, OR. 5 days Convert cf to gallons times minutes (1 cf= 7. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. 3M 229K 4. 3800 Cliff Hockley Executive Director 503. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. What we have learned is that real estate is mostly a. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. Economic Update for March 2023. Finding a property that made sense was extraordinarily difficult. 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. Lot Size 8. Building Class B. The Buyer was in. Basis for Calculations 1 cubic feet= 7. 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. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. 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. Fuel Svn Belmont, Victoria, British Columbia. That scenario could leave many companies weakened and some unable to survive the transition. 2021 Portland Tax Changes. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. 2021 Portland Tax Changes. SVN Economic Outlook: April 14, 2023 CPI Inflation. They can be found throughout the city, but most are clustered in the downtown core. 462 likes. 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. 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. 2% month-over-month. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 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. , 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. Here in Oregon nearly 270,000 initial claims were received in those first three weeks. 2% 7. 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. 76976. As we showed up just on time, we found out many more people showed up than they. His focus is on the Clark County, Washington multifamily marketplace. We are a leader in the. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. , Suite 300 Portland, OR 97219 503. 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. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. . Portland's biggest construction projects right now. 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. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. 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. Here’s Why. 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. 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. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 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. This past year for residential landlords has been a whirlwind of changes and new laws. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. 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. The event was a tremendous success. SVN | Bluestone Nov 2019 - Present 4 years. 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. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. Suite 300, Portland, Oregon will conduct a. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. . We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. The roads were clear, and it was 50 degrees out. The transaction closed in March of 2021. 222. Absorption Units Vacancy Rate 12 Mo. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. . Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. View Article. SVN Economic Update: March 2022. 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. SVN | Bluestone Advisors provide local commercial real estate knowledge and expertise that transcends typical brokerage services. We begin by listening to them. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. Appraisals and Covid-19 Presentation- June 2020. That is a piece of conventional wisdom that appears to transcend cultures. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Managing Director - SVN | Bluestone Portland, OR. When our city and state were met with shutdowns and stay-at-home orders, there was a lot of uncertainty about how the real estate market would fare, and while there was a slight pause for about a week, the local Portland market has been full speed. The Consumer Price Index (CPI) rose 0. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Stay Connected. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Absorption Units Vacancy Rate 12 Mo. 3% in comparison to the same time last year, according to a new April report from Apartment List. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. View Article. 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. 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. The Consumer Price Index (CPI) rose 6. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. Delivered Units 12 Mo. 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. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. SVN | Bluestone Apr 2022 - Present 1 year 4 months. 48 * 1440 = 10771. 2% 12 Mo. 6% and registering well below the Dow Jones consensus forecast of 2. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 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. 0-5. 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. 1 These clauses remained relevant as interest rates were high - but interest rates have. CPI Inflation The Consumer Price Index (CPI) rose 6. Welcome to Bluestone Real Estate Services. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. Source: Kelsi Maree Borland with GlobeSt. 1% month-over-month, according to the latest numbers from. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Pennsylvania Bluestone Veneers The real deal from the prolific quarries of the Northeast. Contact Brian directly. It employs 6-10 people and has $0M-$1M of revenue. 4%. View Article. Stay Connected. . We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. While auto leadership teams prepare for technological disruption, few are focused on the possible double punch of a recession and shifting demographics that is likely to slash automotive sales before new technologies take off. It was the slowest monthly climb for prices since December. 618 BUILDING | 618 NW GLISAN ST. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The Waldport, Oregon hospitality property was a non-operational REO property. 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. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. Think there is a tenant’s market right now? Stay tuned. 222. It provided an opportunity for local commercial property owners/managers to connect with experts in commercial real estate. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. Successfully operating your buildings is the goal for all. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. 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. Portland, OR. The Consumer Price Index (CPI) rose 0. 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. com. Overview Portland Multi-Family 7,390 10,627 5. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. During. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. The federal tax return filing deadline is now July 15, 2020. RECEIVERSHIP. SVN Bluestone Profile and History. . The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. I am a Hotel Broker with combined experience in hotel operations, commercial real estate investment, and mortgage lending services. Portland, Oregon. Oregon opened with a bang in February passing statewide rent control, continuing with new mobile home park rules and finishing with some more state taxes. 13% as of January 8th, 2021— the highest level since March 18th, 2020. With unemployment still at levels not seen since the Great Depression era, the Treasury has been disbursing the benefits at a record pace of. SVN Economic Update: August 11, 2023. ”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. The complex is well maintained with a stable tenant base. The relief generally applies to all. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. 503-577-7710 brian. We are more than just brokers, we are experienced advisors. 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. 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. Remember when you learned how to ride a bike. We strive to build long-term relationships with our property owners and tenants. This is What the Upcoming Tenant’s Market Will Look Like. 2% 7. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. The number of unemployed persons was also little changed at 5. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. 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. An accomplished real estate broker since. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. When it’s time to return to the office and reopen business there are multiple things to consider. com. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. 93. 2460 Turner Rd SE Marion County 9,000 Q4 20 - - SVN Commercial Advis… 2661 Cascadia Industrial St SE Marion County 7,764 Q1 21 - - Pacific NW Properties 395 Market St NE Marion County 7,600 Q2 21 - - Mosar Commercial Pro…1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… Laine Square Marion County 3,180 Q3 20 - - Doug Bean & Associat… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real EstateRead More News on SVN Bluestone & Hockley. Eighty percent of work is defined as “collaborative. The health care establishment has yet to consider its patients as customers. News & Information. SVN Economic Update: January 13, 2023. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This may be lower than the real number due to the challenges many newly unemployed. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. 75% for small businesses and 2. They should be considered by every real estate investor on every transaction. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. North Bonneville, WA. 47 extended the length of prior notice a landlord must give for no-cause evictions. 3800 cliff. This is the main concept I want to deliver in this article. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 1% 12 Mo. 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. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. There’s land, there’s labor and then there are governmental regulations. Get more news at SVN Bluestone and Hockley. 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. Commercial real estate in the United States should remain a strong investment choice as the nation emerges from a pandemic-induced slump, and it can be a good hedge for investors worried that rising inflation could. 48 gallons One day= 1440 minutes One month= 30. After recent distress in the banking sector, there is a risk that many of the small and mid-sized banks that hold the bulk of US commercial real estate loans may see a credit crunch, dampening liquidity in the sector. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes.