Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. 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. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial. 00/SF/YR; Total Space Available 2,181 SF; Floor 3; Divisible Space 2,181 - 2,181 SF; Available Date Immediate; Lease Type Full Service; Renewal Option Yes; Sublease No;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®. 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. View ArticleBy: Clifford A. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. 2460 Turner Rd SE Marion County 9,000 Q4 20 - - SVN Commercial Advis… 2661 Cascadia Industrial St SE Marion County 7,764 Q1 21 - - Pacific NW Properties 395 Market St NE Marion County 7,600 Q2 21 - - Mosar Commercial Pro…1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… Laine Square Marion County 3,180 Q3 20 - - Doug Bean & Associat… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real EstateRead More News on SVN Bluestone & Hockley. It’s possibleDear Clients, Colleagues and Friends, We are very lucky to have an abundance of small businesses throughout our community. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. 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. 4341 patrice. 1%, its highest mark since July of last year. The prime location was ideal for the buyer. 9% 4. Connect Patti Moller Vice President, Business Development Officer, Wells Fargo Commercial Banking Group. 5 days Convert cf to gallons times minutes (1 cf= 7. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. Sources: Brannon Broswell, ICSC Branch Banking 2020, JLL Research Report Big banks are closing antiquated branches at a record pace, but they are also opening smaller and more digitally focused ones to better serve their customers, according to research from JLL’s Branch Banking 2020. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. In this presentation, Blake will present the latest updates on the City of Portland’s ordinance changes for Unreinforced Masonry (URM) buildings, including placarding and. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. Foxstar Apartments is a 20 units complex situated in East Portland. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. 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. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Portland, Oregon. In this Economic Update you'll find the latest data on affordable housing, REITs, Apartment Rentals and Apartment Investment Market Index (AIMI), Single-Family rentals, and trends within the Self-Storage, Office, Industrial, and Retail asset classes. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. The fall of the Toys “R” Us chain, with more than 700 U. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. Delivered Units 12 Mo. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. Real Estate investors forget how important accounting is to their investment success. Ordinance VMC 8. Housing is popular because it has generally held up during the pandemic. Cost segregation studies are a very effective way to generate savings when buying investment property. Delivered Units 12 Mo. 7% year-over-year, the lowest annual increase since October 2021. 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. 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. 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. , 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. 7% 9. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. . 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. 75% for small businesses and 2. The relief generally applies to all obligations that otherwise would. To what degree will depend heavily on the property and the location. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. 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. com. 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. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our. View Article. 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. Executive Director, SVN | Bluestone and Hockley. At 70%, Renewals Dominate Office Leasing. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. 0-5. Absorption Units Vacancy Rate 12 Mo. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. How Gen Z Renters Might Reshape Multifamily. Work/ Life Balance that is absent the excessive. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. 2% 12 Mo. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. The property is located in NE Portland location with great WalkScore. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. The company is headquartered in Beaverton, Oregon. CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. 9% 12 Mo. ” But underneath, they are nervous. 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. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. CONTACT US. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Whether you are located in Portland, Beaverton, Lake Oswego, Vancouver, Hillsboro or Gresham we have the right. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. View Article. . Overview Portland Industrial 2. Then, we develop a management plan. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. 222. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 2%. Visit and follow us on LinkedIn and Facebook! The Rush to Refinance Multifamily Properties Continues. Senior Advisor. 76976. More time for you. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 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. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. 2% 12 Mo. 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. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 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. 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. Overview Vancouver Multi-Family 1,436 1,592 4. The property also has easy access to MAX transit line and to downtown Portland jobs. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. Beaverton, Oregon, United States. New Logo to Ring in the New Year. 54836. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. Core. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes. 17933 NW Evergreen Place, Beaverton, OR 97006. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. Visit and follow us on LinkedIn and Facebook!SVN | Bluestone & Hockley 4915 SW Griffith Dr. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. Absorption Units Vacancy Rate 12 Mo. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 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. ProSchools 15 years 9 months Enterprise Catalog Manager ProSchools Dec 2002 - Aug 2018 15 years 9 months. SVN Economic Update: March 17, 2023 Inflation. 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. 13% as of January 8th, 2021— the highest level since March 18th, 2020. 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. 3%. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 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. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. 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. 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. 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. The SVN Brand is comprised of over 1,600 Advisors and staff in more. SVN | Bluestone 153 followers 1w Report this post Report Report. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. 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. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. SVN Economic Update: April 2021 Covid Cases and Vaccinations. 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. As the pandemic rages on both companies and their employees are looking to the suburbs for salvation, the theory being that the wider spaces in these city outskirts will make social distancing that much easier. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. 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. 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. Delivered Units 12 Mo. This past year for residential landlords has been a whirlwind of changes and new laws. 4% month-over-month and 6. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. 4 Acre. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. There are 60 or so developments under construction valued at $10 million or more. I have been licensed to sell real estate. We make no guarantee, warranty or representation. 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. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. 2% 7. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. The Buyer was in. 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. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. Portland's biggest construction projects right now. 1. 2% May Rent Collected so far; 91. 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. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. In the end, the Buyer assumed the existing CMBS financing with the Seller paying all assumption costs and agreeing to a price reduction, but it added tension to the deal, and it involved attorneys to sort it out. We 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. SVN Bluestone, Principal Broker. We are all wondering if brokers and investors can find deals during the pandemic. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. 459. Executive Director, SVN | Bluestone and Hockley. Bluestone & Hockley Collections Report. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. 37. We don’t discriminate based upon size. Appraisal Adjustments – Covid-19 – Full presentation. 4% 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth Portland's industrial sector was displaying strength even Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. 4% Units paid so far; We are making good progress regarding our residential tenancies. SVN Economic Outlook: April 14, 2023 CPI Inflation. Overview Portland Industrial 2. 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. Overview Vancouver Multi-Family 1,682 1,820 3. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. They should be considered by every real estate investor on every transaction. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. 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 Ester Lee Motel is an historic motel located along the Oregon Coast Highway overlooking the Pacific Ocean. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. But Brian Stoffers, global president of debt and structured finance for Capital Markets at CBRE, doesn’t see lenders making irresponsible loans. Lest anyone be confused, COVID 19 is driving our current regional and national economy. To date, millennials and baby. The client had initially purchased the property in anticipation that a casino would be built. Image via pxhere A bill that caps annual rent increases to 5 percent passed the state legislature and is expected to be signed into law by Governor Newsom. As we showed up just on time, we found out many more people showed up than they. Industrial Property Lease Terms Get Shorter and Shorter. You probably have many ideas driving through your brain at Mach One and are valiantly trying to hold onto those ideas and tasks, while the phone is ringing, and your team members are asking you questions. Experienced Commercial Real Estate Brokers in Portland Oregon. The complex is well maintained with a stable tenant base. SVN Bluestone is a commercial real estate firm specializing in the sale and lease of properties. There’s land, there’s labor and then there are governmental regulations. 6% month-over-month in August, its largest monthly increase. View Article. Long term interest rates, like the yield on 10-year Treasury bonds, fell below 1 percent at the start of. View Article Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points –. Now that we’ve. . . 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. The Consumer Price Index (CPI) rose 0. Basis for Calculations 1 cubic feet= 7. com 503. Absorption Units Vacancy Rate 12 Mo. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. Connect Samantha Jordan Portland, OR. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. The California State Capitol building. The Challenge of the sale was that the owner wanted a quick sale and but at the same time. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. It was a great building and we owned it for. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Cascade Cove Mobile Home Park is an 18 unit mobile home park. 222. 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. 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. While the specifics may be different, the industrial sector is lighting up across the western region. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. Stay Connected. SVN Bluestone & Hockley Senior Advisors represented the buyers. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Portland Metro. 5% . The transaction closed in March. 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. 51-100. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. 222. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. Overview Vancouver Multi-Family 1,707 1,878 3. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. 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. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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 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. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. This event will be held on. Lot Size 8. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. With unemployment still at levels not seen since the Great Depression era, the Treasury has been disbursing the benefits at a record pace of. When it’s time to return to the office and reopen business there are multiple things to consider. 9%, and food up 10 basis points to 5. com. i nfo@bluestonemgt. They should be considered by every real estate investor on every transaction. This may be lower than the real number due to the challenges many newly unemployed. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. His thoughts focused on managing the company in case I was unable to. Through a culture of compensated cooperation and national reach that assures maximum exposure for each listing, SVN advisors create unprecedented value for real estate investors year after year. Delivered Units 12 Mo. Understanding the terms of your tenants’ leases and. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. 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. Email. There’s land, there’s labor and then there are governmental regulations. Executive Director, SVN | Bluestone and Hockley. 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®. SVN Research has published another economic update as we head into October and the final quarter of 2023! Interest Rate Decision/Economic Projections (1) At its September 20th meeting, FOMC officials left their benchmark interest rate unchanged, just their second pause since they began tightening rates in March 2022. , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. 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. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. Brokerage. 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. resendez@svn. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. View Article. 3800. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. North Bonneville, WA. . The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. It was the slowest monthly climb for prices since December. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. We offer in-house support services, including financial analysis, research, and marketing. 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. Larger REIT’s. . Contact SVN Bluestone and Hockley Advisors for. 2021 Portland Tax Changes. . 7% 9. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. The relief generally applies to all. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. Property Tenancy Multi-Tenant. Recessions generally occur when there is a widespread drop in spending. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. Visit and follow us on LinkedIn and Facebook!The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 5% 12 Mo. 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. . 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. We are more than just brokers, we are experienced advisors. Bluestone & Hockley Real Estate Services is part of the Real Estate industry, and located in Oregon, United States. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. It was a Saturday night, like any Saturday night in Portland, Oregon. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. 8: 5. This is What the Upcoming Tenant’s Market Will Look Like. This recession is fundamentally different than the Great Financial Crisis in 2008, and as a result, the opportunities to benefit from the market dislocation will also be much different. Three Charitable Giving Solutions to Consider for Year End Strategies Your Clients Can Use Right Now It may seem too early to talk about year-end planning. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Property Size 60,115 SF. The Buyer was in. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. Successfully operating your buildings is the goal for all. S. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. The federal tax return filing deadline is now July 15, 2020. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. 3800 Cliff Hockley Executive Director 503. 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. 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. The transaction closed in March of 2021. . By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. . More than 80% of workers spend their time engaged in collaborative work. SVN Bluestone and Bluestone Real Estate Services. The Portland City Council voted on June 29, 2022, to roll back several more burdensome regulations that were passed as part of the Fair Access in Renting Ordinance (FAIR) in 2020. That scenario could leave many companies weakened and some unable to survive the transition. 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. Investing in real estate is a funny thing. Stay Connected. 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. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. 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. Property Type Office - General Office. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. More time for you. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. Remember when you learned how to ride a bike. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. Executive Director, SVN | Bluestone and Hockley. Leasing Portland Industrial While leasing activity has slowed as firms adjust expectations and needs in response to COVID-19, the industrial sector is holding up better than other For your property management needs, visit the Bluestone Real Estate Services website. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. Here in Oregon nearly 270,000 initial claims were received in those. 4% over the past month, but are down slightly by 0. 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. 25% while. Wealth may pay, but it may not stay. 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. They can be found throughout the city, but most are clustered in the downtown core. cook@svn. Economic output has slowed from Q3 2022, when real GDP grew at. Good news for US Housing Economy. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 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. 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. View Article. 47 extended the length of prior notice a landlord must give for no-cause evictions. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3.