They should be considered by every real estate investor on every transaction. 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. 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. . Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. 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. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. Advisor Kevin Wingate-Pearse brought this deal to an investor. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. 5 days Convert cf to gallons times minutes (1 cf= 7. Portland, OR. 459. We are your source for residential and commercial property management, commercial brokerage, and HOA management. 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. 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. 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. 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. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Foxstar Apartments is a 20 units complex situated in East Portland. A Chinese saying that goes “Wealth. SVN Bluestone & Hockley Senior Advisors represented the buyers. 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. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. SVN Bluestone, Beaverton, Oregon. 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. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. Basis for Calculations 1 cubic feet= 7. 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. 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. SVN Economic Update: March 2022. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. The apartment complex which was originally listed as a. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. Executive Director, SVN | Bluestone and Hockley. 4341 patrice. Visit and follow us on LinkedIn and Facebook!By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Inflation is up and is more persistent than expected. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. Bluestone & Hockley Collections Report. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. SVN Bluestone is a company that operates in the Real Estate industry. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. In fact, in some areas, it has flourished. 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 Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. Visit and follow us on LinkedIn and Facebook! Sign Up. SVN Bluestone and Bluestone Real Estate Services. 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. Good news for US Housing Economy. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. The hotel sold for $1,00,000 and will be converted to affordable housing. 462 likes. By: Clifford A. . 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. North Bonneville, WA. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. The Waldport, Oregon hospitality property was a non-operational REO property. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. 459. What we have learned is that real estate is mostly a. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. Suite 300, Portland, Oregon will conduct a. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. 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 make no guarantee, warranty or representation. 25% while. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. 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. ” But underneath, they are nervous. We don’t discriminate based upon size. 6The program will open for applications on March 8, 2021. Jan 2016 - Present7 years 8 months. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Park Regency is a well-kept property being sold to resolve a trust. Read more news at SVN Bluestone! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Disappearing Bank Branches. We strive to build long-term relationships with our property owners and tenants. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. Delivered Units 12 Mo. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. ”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. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Economic Update: September 2023. Untrained and Confused. 7% year-over-year and 0. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 9% 4. If you are considering selling, you may be cashing your chips in a little too soon. as well as real estate brokers that are part of our sister company SVN |. Economic indicator reports arrive regularly in a newsroom. We were invited to a special meeting of friends. Property Tenancy Multi-Tenant. stores, shows how much retail real estate has changed in just the last decade. Understanding the terms of your tenants’ leases and. -The average worker spends 40% of the day at their desk. . 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. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. Overview Vancouver Multi-Family 1,707 1,878 3. 2% from one. 4%. Expect Fewer Distressed Asset Opportunities Than in 2008. com. All of us have been affected in one way or another. On April 9, 2020, the IRS and Treasury Department issued Notice 2020-23, granting an automatic extension of returns and quarterly tax payments, until July 15, 2020, to comply with several federal filing and payment obligations in addition to those already extended, as well as time to perform certain time-sensitive actions. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. 9%Executive Director, SVN | Bluestone and Hockley. 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. There’s land, there’s labor and then there are governmental regulations. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 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. Absorption Units Vacancy Rate 12 Mo. The client had initially purchased the property in anticipation that a casino would be built. 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. The federal tax return filing deadline is now July 15, 2020. While the specifics may be different, the industrial sector is lighting up across the western region. Many commercial real estate investors are experiencing significantly reduced income from their properties. SVN | Bluestone & Hockley 4915 SW Griffith Dr. 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. 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. SVN Bluestone. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. 5% year-over-year and just 0. 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. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 1409 Franklin Street, Suite 203. Without overwhelming majorities in the House or Senate, President Biden will be. Almost 15 years ago, as a newbie property manager, I received a scary letter from the fire marshal about one of the commercial properties in my portfolio. That is a piece of conventional wisdom that appears to transcend cultures. Executive Director, SVN | Bluestone and Hockley As an owner of a company with between 80 and 100 employees, we have been pondering if we should be going back to work at the office. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. 459. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. 222. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. View Article. Executive Director, SVN | Bluestone and Hockley. Open by appointment only. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Net operating income (NOI) is the driver of value in real estate investing. 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. 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. Absorption Units Vacancy Rate 12 Mo. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. Vancouver WA 98660. To better reflect the company we are today, we are undergoing a meaningful and powerful change to our brand: Sperry Van Ness® has proudly become SVN®. The seller wanted a quick sale at the highest possible price. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. 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. Portland Metro. Manager, Community Property at Bluestone & Hockley Real Estate Services. Absorption Units Vacancy Rate 12 Mo. ProSchools 15 years 9 months Enterprise Catalog Manager ProSchools Dec 2002 - Aug 2018 15 years 9 months. Cost segregation studies are a very effective way to generate savings when buying investment property. An accomplished real estate broker since. 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. Appraisals and Covid-19 Presentation- June 2020. I have been licensed to sell real estate. Our new brand more accurately represents the company’s. 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. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. 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. . hockley@svn. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 2% 12 Mo. Suite 300, Portland, Oregon will conduct a class taught by Managing Principal of KPFF, Blake Patsy. 7 million. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. Brian leads the Hotels Group at SVN | B&H, and specializes in the purchase and sale of hospitality properties in Oregon, Washington, California, and Idaho. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. 3M 229K 4. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. 2%, gas up 40 basis points to 4. 75% for small businesses and 2. 2% month-over-month. 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. 5 03. SVN Economic Update: January 13, 2023. com. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 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. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. 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. 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. This is What the Upcoming Tenant’s Market Will Look Like. . 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. Beaverton, Oregon, United States. We recently had an environmental engineer call out the registration issue. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook! Sign Up. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. 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. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. , Suite 300 Portland, OR 97219 503. They should be considered by every real estate investor on every transaction. 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. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. To what degree will depend heavily on the property and the location. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. Some Retailers are Opening New Stores. SVN Bluestone is a company that operates in the Real Estate industry. Portland's biggest construction projects right now. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 49 likes. While your exact strategy will depend on your home state and business type, you can use this guide as a starting point to help you plan and prepare for the “new. 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 University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. 0%. 3% in comparison to the same time last year, according to a new April report from Apartment List. 4359. Connect Samantha Jordan Portland, OR. They should be considered by every real estate investor on every transaction. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. This is the main concept I want to deliver in this article. 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. 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. The property also has easy access to MAX transit line and to downtown Portland jobs. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. 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. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. The annual inflation rate has now fallen for six consecutive months. After peaking at 100,000 branches in 2009, the number of bank. There was a title. 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. Her grandmother had passed away and had appointed Jaime the executor of her estate. While the property is in a good location with great amenities and. The Consumer Price Index (CPI) rose 0. The Buyer was in. Overview Portland Multi-Family 7,390 10,627 5. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. 2% from one year ago, roughly in line with last month’s increase and climbing just 0. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. The roads were clear, and it was 50 degrees out. 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. i nfo@bluestonemgt. 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. Delivered Units 12 Mo. 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. 8: 5. 2021 Portland Tax Changes. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. CPI Inflation The Consumer Price Index (CPI) rose 6. 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. SVN Bluestone and Hockley Brokers (represented seller) Cliff Hockley: 503-459-4359 The Multnomah County Board of Commissioners unanimously voted Thursday to give renters 90 days of protection from eviction for non-payment of rent, now that the statewide eviction moratorium has come to an end. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 8% 7. Larger REIT’s. . Prior to passing the $2-trillion dollar stimulus package, the federal government had extended the tax filing requirements. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andSignup 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. More time for you. – but is the world ready to hand over the safety of travel to computers? According to a. 75% for nonprofits. The Ordinance created sweeping changes to Portland in. Henry Ford, the father of Ford Motors, had a relentless focus on planning. Stay Connected. Eviction Doomsday Isn’t Coming. Stay Connected. 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. . . Get more news at SVN Bluestone and Hockley. The Consumer Price Index (CPI) rose 6. 1%, its highest mark since July of last year. 2% month-over-month and 3. Eighty percent of work is defined as “collaborative. 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. More time for you. 1 These clauses remained relevant as interest rates were high - but interest rates have. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. Portland Metro. At 70%, Renewals Dominate Office Leasing. We strive. Kristin Schaff, Executive Vice President, SVN Bluestone. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Three. Work/ Life Balance that is absent the excessive. A real estate market that is now officially on the map in the eyes of institutional and private capital. 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. 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. Visit and follow us on LinkedIn and Facebook!SVN | Bluestone & Hockley 4915 SW Griffith Dr. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. . The event was a tremendous success. I am a Hotel Broker with combined experience in hotel operations, commercial real estate investment, and mortgage lending services. 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. A majority. 4% 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth Portland's industrial sector was displaying strength evenBluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. CPI Inflation The Consumer Price Index (CPI) rose 6. 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. 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. SVN | Bluestone Nov 2019 - Present 4 years. 7% 9. There’s land, there’s labor and then there are governmental regulations. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Introduction 2019 was an eventful year for the Oregon legislature. For tax payments of up to $10 million, the IRS has also. Contact Brian directly. 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. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. Experienced Commercial Real Estate Brokers in Portland Oregon. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes. 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. 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. This event will be held on. SVN Economic Update: January 13, 2023. View Article. As one of. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. . This may be lower than the real number due to the challenges many newly unemployed. 49 likes. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. Email. 3M 229K 4. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. 1% month-over-month, according to the latest numbers from. His focus is on the Clark County, Washington multifamily marketplace. 37. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. 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. Often, it’s a small group of people who. 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. 47 extended the length of prior notice a landlord must give for no-cause evictions. 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. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. . Overview Vancouver Multi-Family 1,682 1,820 3. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Below are additional resources for businesses as the country reopens. Executive Director, SVN | Bluestone and Hockley. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. The company is headquartered in Beaverton, Oregon. 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. Successfully operating your buildings is the goal for all. com 503. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. You are responsible. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. The relief generally applies to all obligations that otherwise would. 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. SVN | Bluestone 153 followers 1w Report this post Report Report. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. Not the largest or the most actively contested markets, the 2016 Retail Markets to. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. cook@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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Industrial Experts Address Challenges Amid Historic Demand. 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.