stores, shows how much retail real estate has changed in just the last decade. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. 9% 4. 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. 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. 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. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. Leased! 7,965 SF at the Ross Center in Happy Valley. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. 1% 12 Mo. SVN Bluestone & Hockley chockley@bluestonehockley. We are all wondering if brokers and investors can find deals during the pandemic. We don’t discriminate based upon size. Visit and follow us on LinkedIn and Facebook!Lumber Prices Drops Fueling Multifamily Building Boom. SVN Bluestone. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. The California State Capitol building. 459. Get more news from SVN Bluestone and Hockley! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The hotel sold for $2,350,000 and will be converted to affordable housing. Shortly after the November 3, 2020 elections, SVN | Bluestone and Hockley, Bluestone and Hockley Real Estate Services, Moss Adams (certified public accountants) and CKR Law Group (specializing in tax appeals) co-sponsored a seminar on new taxes that businesses, high net worth individuals and real estate investors will incur in 2021. It was a Saturday night, like any Saturday night in Portland, Oregon. Think there is a tenant’s market right now? Stay tuned. Everyone expects a rocky ride for the US economy for the first half of 2021 as the vaccine is distributed and policymakers weigh steps to boost the economy. Most Investors just look at one thing, how big the check is at the end of the month. Real GDP increased at a 2. Appraisals and Covid-19 Presentation- June 2020. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. The Ester Lee Motel is an historic motel located along the Oregon Coast Highway overlooking the Pacific Ocean. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. BEAVERTON, OR 97005 Patrice Cook Advisor 503. com 503. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Karlin is a managing Principal Broker in Oregon and Washington. SVN Economic Update: April 2021 Covid Cases and Vaccinations. The complex is well maintained with a stable tenant base. Senior Advisor. At 70%, Renewals Dominate Office Leasing. One year ahead inflation expectations for rent ticked up 20 basis points to 9. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. View Article. Median home-price expectations for one year ahead climbed 30 basis points to 3. 503-577-7710 brian. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. Stay Connected. Thanks to the Tax Cuts and Jobs Act of. Our very low-income tenants are the most. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker & Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Many real estate investors are transitioning from Multifamily investments to commercial and NNN. 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. Jan 2016 - Present7 years 8 months. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. All amenities are within walking distance. For your property management needs, visit the Bluestone Real Estate Services website. . According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of the final sale price of a new home. Net operating income (NOI) is the driver of value in real estate investing. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. 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. Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. 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. Office Leasing, as Companies Expand into New Markets. The Four Phases of Recovery We Can Expect Next Year. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. We. com. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 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. The annual inflation rate has now fallen for six consecutive months. 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. . 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. Property Size 60,115 SF. It employs 6-10 people and has $0M-$1M of revenue. Visit and follow us on LinkedIn and Facebook! CAM stands for “Common Area Maintenance,” and is used both as a general term for tenant pass-through charges, and is one of the three “nets” that comprise the “triple nets” (or NNN) of property operating expenses. 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. 75% for nonprofits. Who expected a COVID -19 virus and planned for it? Who expected the government to tell residential and commercial tenants that they did not have to pay their rents? Who saved enough money in their property reserves to cover mortgage payments for three to six months or longer? No one. SVN Bluestone, Principal Broker. We are more than just brokers, we are. It was the slowest monthly climb for prices since December. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. This is the main concept I want to deliver in this article. Managing Director - SVN | Bluestone Portland, OR. Many years ago, our attorney advised us to implement a succession plan. Foxstar Apartments is a 20 units complex situated in East Portland. 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. . Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. 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. 6The program will open for applications on March 8, 2021. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. 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. Long term interest rates, like the yield on 10-year Treasury bonds, fell below 1 percent at the start of. We strive. America Inn & Suites – Waldport, Oregon. The transaction closed in March. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial. 47 extended the length of prior notice a landlord must give for no-cause evictions. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Property Tenancy Multi-Tenant. Loan repayment terms vary by applicant, up to a maximum of 30. James Schaff, President of SVN Bluestone. To ensure each of our owners, tenants and entrepreneurs have access to the most updated resources, we are providing this newsletter to give you information that may be valuable to you. SVN Bluestone, Beaverton, Oregon. 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. 459. By: Clifford A. Source: Kelsi Maree Borland with GlobeSt. When it’s time to return to the office and reopen business there are multiple things to consider. That has attracted a lot of investors. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Portland, Oregon. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. SVN | Bluestone is a Portland commercial real estate brokerage firm specializing in the sale of commercial, multifamily and hospitality properties, and the leasing of regionally located commercial spaces. The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. By Clifford Hockley, Principal Broker In economics, a recession is a business cycle contraction when there is a general decline in economic activity. 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. The company is headquartered in Beaverton, Oregon. 8% 7. Overview Portland Industrial 2. . Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 4 Acre. 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. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. As we showed up just on time, we found out many more people showed up than they. . CPI Inflation The Consumer Price Index (CPI) rose 6. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. There are real estate bubbles as demand and population increase and decrease. The Challenge of the sale was that the owner wanted a quick sale and but at the same time. Remember when you learned how to ride a bike. More time for you. SVN Bluestone, Beaverton, Oregon. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. 1 These clauses remained relevant as interest rates were high - but interest rates have. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 4% over the past month, but are down slightly by 0. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. SVN Bluestone and Hockley Brokers (represented seller) Cliff Hockley: 503-459-4359The Multnomah County Board of Commissioners unanimously voted Thursday to give renters 90 days of protection from eviction for non-payment of rent, now that the statewide eviction moratorium has come to an end. The Owner of the property had been long-term owners and built property. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. , Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7. 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. SVN | Bluestone and Hockley. 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. Her grandmother had passed away and had appointed Jaime the executor of her estate. 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. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. Major. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. Larger REIT’s. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Now available in thin veneer to provide a more believable alternative to "fake" cultured. SVN | Bluestone 153 followers 1w Report this post Report Report. SVN Economic Update: March 2022 The Fed Raises Interest Rates. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Visit and follow us on LinkedIn and Facebook!Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This past year for residential landlords has been a whirlwind of changes and new laws. , 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. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. As the nation begins to climb out of the depths of the COVID-19 crisis, landlords will “battle” over office tenants, according to a new report from Vestian, creating a tenant’s market unlike any other over the past few decades. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. The Ordinance created sweeping changes to Portland in. 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. 76976. 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. Absorption Units Vacancy Rate 12 Mo. 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. . The team of Steve, Rick and Andrew came up with a sales strategy that included limiting the call for offers to just 3 weeks to. Recessions generally occur when there is a widespread drop in spending. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. 3%. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. cook@svn. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. Posted on by SVN. Experienced Commercial Real Estate Brokers in Portland Oregon. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. 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. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Appraisal Adjustments – Covid-19 – Full presentation. 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. Read more news at SVN Bluestone! Stay Connected. Untrained and Confused. That is a piece of conventional wisdom that appears to transcend cultures. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. The fall of the Toys “R” Us chain, with more than 700 U. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. VANCOUVER AVAILABILITY. 462 likes. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 8% 7. 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. As Covid-19 continues to spread and impact every aspect of American’s lives, nothing is more important than our health and safety of that of our loved ones. The Consumer Price Index (CPI) rose 6. “Invented in 1950s Germany, the idea of creating a workspace free of dividing walls only took off in the U. . Portland, Oregon, United States Senior Advisor Retail & Office Leasing. View Article. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. As a result, companies are dusting off playbooks to reconsider the hub-and-spoke site selection model not just for their own corporate purposes but also. 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. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. We were invited to a special meeting of friends. 1% month-over-month and 5. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. SVN Bluestone & Hockley 2019 Recap and Successes. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Park Regency is a well-kept property being sold to resolve a trust. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. 2% from one. Beaverton, Oregon, United States. SVN | Bluestone Apr 2022 - Present 1 year 4 months. 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. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. We are a leader in the Portland/SW. 49 likes. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. 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 | Bluestone & Hockley 9320 SW Barbur Blvd. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes. It is located in Milwaukie, a suburb of Portland near the terminus of the MAX line. Here in Oregon nearly 270,000 initial claims were received in those first three weeks. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. A Chinese saying that goes “Wealth. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. 93. SVN Economic Outlook: April 14, 2023 CPI Inflation. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. Suite 300, Portland, Oregon will conduct a. Industrial Property Lease Terms Get Shorter and Shorter. 6% and registering well below the Dow Jones consensus forecast of 2. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. Our Properties. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. The program will require both business tenant and property owner participation. 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. SVN | Bluestone Beaverton, OR (503) 459-4387. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. SVN Bluestone is a company that operates in the Real Estate industry. Overview Portland Industrial 2. A Tenant’s “Survival Guide” to COVID-19. Without overwhelming majorities in the House or Senate, President Biden will be. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. More time for you. 9% 4. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. The transaction closed in March of 2021. Portland, OR. The Waldport, Oregon hospitality property was a non-operational REO property. Visit and follow us on LinkedIn and Facebook!Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. , Suite 300 Portland, OR 97219 503. Understanding the terms of your tenants’ leases and. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. 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. New Logo to Ring in the New Year. 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 & Hockley Senior Advisors represented the buyers. View Article. 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. . Henry Ford, the father of Ford Motors, had a relentless focus on planning. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. 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. Albeen, CCIM, EVP What’s going on, in general, in the area of office properties as a result of Covid-19? From an operational perspective, many office buildings are in states of partial or total shut-down due to a combination of government action forcing the issue and. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We scrimped and saved and after three years we purchased a 6000 square foot building. Federal Resources SBA Economic Injury Disaster Loan Program SBA is providing low interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Net operating income (NOI) is the driver of value in real estate investing. View ArticleBy: Clifford A. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 13% as of January 8th, 2021— the highest level since March 18th, 2020. Core. 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. 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. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. 5% year-over-year and just 0. Work/ Life Balance that is absent the excessive. The client had initially purchased the property in anticipation that a casino would be built. By: Clifford A. . Foxstar Apartments is a 20 units complex situated in East Portland. . After getting off the phone and arranging for her flight to Florida, Jaime wondered. Visit and follow us on LinkedIn and Facebook! Sign Up. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. The event was a tremendous success. Suite 300, Portland, Oregon will conduct a. 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. 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. All of us have been affected in one way or another. Delivered Units 12 Mo. 8: 5. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. 7% 9. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. With over a. Our new brand more accurately represents the company’s. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. In fact, in some areas, it has flourished. SVN | Bluestone 22 years 4 months Salesperson SVN | Bluestone Aug 2001 - Present 22 years 4 months. 5% year-over-year and just 0. It provided an opportunity for local commercial property owners/managers to connect with experts in commercial real estate. His focus is on the Clark County, Washington multifamily marketplace. The complex is well maintained with a stable tenant base. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our. We make no guarantee, warranty or representation. 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. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. 222. Back Submit. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley About twenty years ago, we had a dream of owning our own building to move our company into. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Q&A with Ryan Imbrie, CCIM, Managing Director and SVN Retail Product Council Chair What’s going on, in general, in the retail asset class as a result of Covid-19? Retail tenants are experiencing a devastating impact as a result of the COVID-19. SVN Bluestone Profile and History. Shortly after the November 3, 2020 elections, SVN | Bluestone and Hockley, Bluestone and Hockley Real Estate Services, Moss Adams (certified public accountants) and CKR Law Group (specializing in tax appeals) co-sponsored a seminar on new taxes that businesses, high net worth individuals and real estate investors will incur. 3800 cliff. Absorption Units Vacancy Rate 12 Mo. Executive Director, SVN | Bluestone and Hockley. 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. These loans carry an interest rate of 3. That is a piece of conventional wisdom that appears to transcend cultures. 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. His focus is on the Clark County, Washington multifamily marketplace. The unemployment rate has declined rapidly over the past two months after slower declines in the first five months of 2021. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. SBA Economic Injury Disaster Loan. 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.