Industrial Property Lease Terms Get Shorter and Shorter. Here in Oregon nearly 270,000 initial claims were received in those. . 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. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. Portland rents have increased 0. Despite the broader rise in inflation expectations, they remain well. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. Good news for US Housing Economy. 2% May Rent Collected so far; 91. 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. Landlords of warehouse and distribution properties may look to shorter leases to capitalize on burgeoning e-commerce-driven demand, with the pace at which average lease terms are. 222. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 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. Absorption Units Vacancy Rate 12 Mo. SVN Research has published the latest Economic Update! AI and Commercial Real Estate (1) A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s potential impact on commercial real estate, a balanced view should be taken that considers both the economic risks of AI and its potential positive impact. SVN Bluestone. Overview Portland Industrial 2. , 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. To date, millennials and baby. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. We begin by listening to them. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 3800. . 25% while. 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 Bluestone and Bluestone Real Estate Services. With most buildings empty or near-empty from coast to coast, office investors put a brave face on the future of the sector—“it’s still alive,” “not going anywhere,” “as soon as there is a vaccine we will be back to normal. We are more than just brokers, we are. This is What the Upcoming Tenant’s Market Will Look Like. For tax payments of up to $10 million, the IRS has also. 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. SVN | Bluestone is a real estate brokerage firm that offers asset, property management, investment, and commercial leasing services. 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. 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. 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. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker and Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. View Article. Think there is a tenant’s market right now? Stay tuned. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. 54836. There were also limited records kept for the property. Overview Vancouver Multi-Family 1,682 1,820 3. ” But underneath, they are nervous. 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 complex is well maintained with a stable tenant base. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Remember when you learned how to ride a bike. 7% 6. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. Leased! 7,965 SF at the Ross Center in Happy Valley. com. 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. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. 8% 7. 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. 48 * 1440 = 10771. 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. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. View Article. 2021 Portland Tax Changes. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. 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. Sources: Marketplace. , Suite 300 Portland, OR 97219 503. By: Clifford A. Basis for Calculations 1 cubic feet= 7. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. The annual inflation rate has now fallen for six consecutive months. 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. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. Overview Portland Industrial 2. 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. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. 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. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. Her grandmother had passed away and had appointed Jaime the executor of her estate. 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. 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. Get more news at SVN Bluestone and Hockley. The California State Capitol building. The Consumer Price Index (CPI) rose 0. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. Senior Advisor. Housing is popular because it has generally held up during the pandemic. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. Sources: Marketplace. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. A Chinese saying that goes “Wealth. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. SVN Economic Update: March 17, 2023 Inflation. Posted on by SVN. SVN Bluestone, Principal Broker If your desk is like mine, it might be a little cluttered. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. 5% year-over-year and just 0. View Article. Portland, Oregon. The event was a tremendous success. com SVN | BLUESTONE & HOCKLEY |9320 SW BARBUR BLVD. Many years ago, our attorney advised us to implement a succession plan. What is exciting is we were able to close the sale during the pandemic! This transaction was made possible due to the close collaboration between the buyer, seller, SVN Brokers Jim Wierson and Olesya Prokhorova, Gabe Johansen with SMI Commercial and Pioneer Bank. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. His focus is on the Clark County, Washington multifamily marketplace. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. It’s been seven months since COVID-19 invaded our lives and consciousness. We are all wondering if brokers and investors can find deals during the pandemic. Changes in Portland FAIR Access in Renting Ordinance. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. Vancouver WA 98660. You are responsible. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. Contact SVN Bluestone and Hockley Advisors for. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. View ArticleSince commercial real estate is a leverage business, many owners may need to restructure the loans secured by their properties to achieve more attainable economic terms and to avoid loan defaults, foreclosures and the loss of their properties. Eviction Doomsday Isn’t Coming. 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. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. 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. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. The Buyer was in. To what degree will depend heavily on the property and the location. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. We never stopped working even when we made the decision to leave the office to protect our employees from COVID -19. Prior to passing the $2-trillion dollar stimulus package, the federal government had extended the tax filing requirements. 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. Guide to Reopening Business Amid Covid-19: Landlords. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Absorption Units Vacancy Rate 12 Mo. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. View Article. Advisor Kevin Wingate-Pearse brought this deal to an investor. Economic output has slowed from Q3 2022, when real GDP grew at. If you are considering selling, you may be cashing your chips in a little too soon. SVN Economic Update: January 13, 2023. We make no guarantee, warranty or representation. 3800 Cliff Hockley Executive Director 503. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The Buyer was in. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. 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 | Edwards Architecture for a review of the proposed property zoning changes coming in 2018. Back Submit. The hotel sold for $1,00,000 and will be converted to affordable housing. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. Welcome to Bluestone Real Estate Services. 9%, and food up 10 basis points to 5. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. 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. 93. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. I have been licensed to sell real estate. 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. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. During. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Stay Connected. When it’s time to return to the office and reopen business there are multiple things to consider. 3% in comparison to the same time last year, according to a new April report from Apartment List. SVN | Bluestone 153 followers 1w Report this post Report Report. On February 18, 2020, SVN Bluestone & Hockley hosted a class on the new ordinances, and their impact, to over 70 clients and colleagues! The class was presented by Russell White, Director of Residential Property Management at Bluestone & Hockley who not only has two decades of residential property management experience but has also been on. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. 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. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. 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. Karlin is a managing Principal Broker in Oregon and Washington. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Suite 300, Portland, Oregon will conduct a. High interest rates likely to make 2023 the slowest housing-market year since 2011 but no wave of foreclosuresSVN Economic Update: National Trends Interest Rates. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. . 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 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. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. 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. Jan 2016 - Present7 years 8 months. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. Beaverton, Oregon, United States. For the first time since March 2020, the unemployment rate in Oregon dropped below 5% in August with an overall rate of 4. com Full Bio have yield maintenance clauses, these are very expensive and very hard to offset, though they can be assumed at a substantial cost and with huge. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. 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. Without overwhelming majorities in the House or Senate, President Biden will be. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. 3M 229K 4. 462 likes. Wealth may pay, but it may not stay. Finding a property that made sense was extraordinarily difficult. Most Investors just look at one thing, how big the check is at the end of the month. 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. Industrial Experts Address Challenges Amid Historic Demand. Median home-price expectations for one year ahead climbed 30 basis points to 3. That is a piece of conventional wisdom that appears to transcend cultures. . By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. View Article. They should be considered by every real estate investor on every transaction. 37. We strive. Executive Director, SVN | Bluestone and Hockley. View Article. Remember when you learned how to ride a bike. Park Regency is a well-kept property being sold to resolve a trust. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . The roads were clear, and it was 50 degrees out. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. They should be considered by every real estate investor on every transaction. For your property management needs, visit the Bluestone Real Estate Services website. Portland Metro. The Owner of the property had been long-term owners and built property. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust. By: Clifford A. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. . Three. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. Stay Connected. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. . Managing Director - SVN | Bluestone Portland, OR. Visit and follow us on LinkedIn and Facebook! Sign Up. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. . Asking Rent Growth Portland's multifamily sector is weathering the lingering By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 8: 5. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. Absorption Units Vacancy Rate 12 Mo. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. View Article. While the property is in a good location with great amenities and. . 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. The face of campus retail is changing. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. The company is headquartered in Beaverton, Oregon. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. as well as real estate brokers that are part of our sister company SVN |. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. 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. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. 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. There’s land, there’s labor and then there are governmental regulations. 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. That has attracted a lot of investors. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. It provided an opportunity for local commercial property owners/managers to connect with experts in commercial real estate. 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. The unemployment rate has declined rapidly over the past two months after slower declines in the first five months of 2021. 2% 12 Mo. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. 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. 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. The SVN Brand is comprised of over 1,600 Advisors and staff in more. Some Retailers are Opening New Stores. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Lot Size 8. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 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. The Four Phases of Recovery We Can Expect Next Year. 76976. The Ester Lee Motel is an historic motel located along the Oregon Coast Highway overlooking the Pacific Ocean. 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. Untrained and Confused. 9% 4. 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. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. 1% 12 Mo. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. As millennials age towards having children, while the generation continues to delay home buying, family-friendly rental units will become more important in the future, according to a new study on family renter housing by the Urban Land Institute, Terwilliger Center for Housing and RCLCO. 6The program will open for applications on March 8, 2021. The relief generally applies to all. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. 1% month-over-month and 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. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. 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. 1% month-over-month, according to the latest numbers from. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. Net operating income (NOI) is the driver of value in real estate investing. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Two years after the start of the COVID-19 pandemic and after multiple setbacks for planned returns to the office, tech companies remain the single largest driver of. 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. All amenities are within walking distance. 8% 7. 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. In fact, in some areas, it has flourished. Executive Director, SVN | Bluestone and Hockley. We recently had an environmental engineer call out the registration issue. 7% year-over-year and 0. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. We are a leader in the Portland/SW. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. The client had initially purchased the property in anticipation that a casino would be built. 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. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. CONTACT US. We. It was a Saturday night, like any Saturday night in Portland, Oregon. But in fact, in addition to inspecting your property on a regular basis, keeping it well maintained and having great communication with your property manager, accounting for your income and. Gen Z is surpassing millennials as the largest renter cohort dominating the multifamily market, which has comprised 42% of all CRE sales since the start of the pandemic, according to new Cushman & Wakefield data. SVN | Bluestone and Hockley. Services, Executive Director, SVN |Bluestone and Hockley CPI lease clauses have long been a practice of Landlords, and were originally added in the 1980s to keep up with inflation when interest rates skyrocketed to 18. There are real estate bubbles as demand and population increase and decrease. SVN Bluestone & Hockley chockley@bluestonehockley. The Consumer Price Index (CPI) rose 6. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. It is your responsibility to independently confirm accuracy and completeness. However, due to personal issues, a decision was made to sell the property. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. 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. 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. within the last decade, spreading from tech startups to. Thanks to the Tax Cuts and Jobs Act of. Year Built 1980. 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. What we have learned is that real estate is mostly a. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. 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. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. . 4% month-over-month and 6. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. This event will be held on. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. There has been a shift in demand for rental housing due to demographic and other changes in our society. 2%, gas up 40 basis points to 4. 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. 2021 Portland Tax Changes. 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. We are all wondering if brokers and investors can find deals during the pandemic. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. Portland, OR. America Inn & Suites – Waldport, Oregon. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office.