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. Sources: Marketplace. . They should be considered by every real estate investor on every transaction. Core prices, which exclude food and energy rose 4. 4341 patrice. SVN Bluestone is a company that operates in the Real Estate industry. According. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. 2% from one year ago, roughly in line with last month’s increase and climbing just 0. The program will require both business tenant and property owner participation. 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. 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. 1% month-over-month and 5. The yield on a 10-year US Treasury Bill rose to 1. 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. Housing is popular because it has generally held up during the pandemic. 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. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. 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. When it’s time to return to the office and reopen business there are multiple things to consider. S. Foxstar Apartments is a 20 units complex situated in East Portland. 47 extended the length of prior notice a landlord must give for no-cause evictions. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. 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. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. i nfo@bluestonemgt. SVN Bluestone. CPI Inflation The Consumer Price Index (CPI) rose 6. Our very low-income tenants are the most. At Sperry Van Ness she is one of the top-producing brokers, ranked in the top 10% of over 1,000 brokers nationally in 2013. 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. 7 million. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook! Sign Up. 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 & Hockley is an independently owned and operated SVN® office. 3800 Cliff Hockley Executive Director 503. Prior to passing the $2-trillion dollar stimulus package, the federal government had extended the tax filing requirements. 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. The seller wanted a quick sale at the highest possible price. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 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. During. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. 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. Banks and other financial institutions. While auto leadership teams prepare for technological disruption, few are focused on the possible double punch of a recession and shifting demographics that is likely to slash automotive sales before new technologies take off. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. The complex is well maintained with a stable tenant base. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 5 days Convert cf to gallons times minutes (1 cf= 7. But the 2017 Tax Cuts and Jobs Act set many changes in motion for charitable giving. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. Families Key in Future Rental Housing Market. But some aspects of our lives don’t take time off, and if you operate a business in leased real estate, your lease obligations won’t take hiatus. By: Clifford A. 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®. 00/SF/YR. 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. Thanks to the Tax Cuts and Jobs Act of. Here in Oregon nearly 270,000 initial claims were received in those. . View Article. The building is a 14,000 Sf Flex/office building in a residential district of Vancouver. . Three. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. The shuttering of retailers for an undisclosed period. Asking Rent Growth Portland's multifamily sector is weathering the lingeringExecutive Director, SVN | Bluestone and Hockley. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. 76976. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. To date, millennials and baby. Other construction hotspots include North Interstate Avenue, the Pearl District and the Central Eastside. We. As we showed up just on time, we found out many more people showed up than they. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Source: Kelsi Maree Borland with GlobeSt. View Article. 0-5. 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. 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. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. 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. View Article. Year Built 1980. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. . We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. 7% 9. The Consumer Price Index (CPI) rose 0. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. When our city and state were met with shutdowns and stay-at-home orders, there was a lot of uncertainty about how the real estate market would fare, and while there was a slight pause for about a week, the local Portland market has been full speed. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. 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. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. Real GDP increased at a 2. 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. The fall of the Toys “R” Us chain, with more than 700 U. The roads were clear, and it was 50 degrees out. Net operating income (NOI) is the driver of value in real estate investing. 2% month-over-month. All of us have been affected in one way or another. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. 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. View Article. The answer is a resounding yes!!! Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . There are real estate bubbles as demand and population increase and decrease. About SVN | Bluestone & Hockley: SVN | Bluestone & Hockley is an independently owned and operated SVN® office. SVN Economic Update: January 13, 2023. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 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. com. Executive Director, SVN | Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. . I have been licensed to sell real estate. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. The national election is over, and we have a new president and new legislators filling both national and statewide positions. Building Class B. Posted on by SVN. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Appraisal Adjustments – Covid-19 – Full presentation. Successfully operating your buildings is the goal for all. 7% year-over-year, the lowest annual increase since October 2021. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Eric Castle, Managing Director SVN Bluestone. Basis for Calculations 1 cubic feet= 7. Leased! 7,965 SF at the Ross Center in Happy Valley. 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. The company is headquartered in Beaverton, Oregon. 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 Estate 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. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. 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. We scrimped and saved and after three years we purchased a 6000 square foot building. We are a leader in the. For decades, universities were known for their dearth of retail beyond a college bookstore. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. 9% 4. The face of campus retail is changing. 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. 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. Most Investors just look at one thing, how big the check is at the end of the month. 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. Manager, Community Property at Bluestone & Hockley Real Estate Services. 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. This is What the Upcoming Tenant’s Market Will Look Like. SBA Economic Injury Disaster Loan. 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. Absorption Units Vacancy Rate 12 Mo. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Some Retailers are Opening New Stores. Jan 2016 - Present7 years 8 months. 8% 7. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. Here’s Why. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. 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. 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. There were also limited records kept for the property. Kristin Schaff, Executive Vice President, SVN Bluestone. 7% year-over-year and 0. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. Not the largest or the most actively contested markets, the 2016 Retail Markets to. 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. 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. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. We begin by listening to them. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. 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. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. We make no guarantee, warranty or representation. Work/ Life Balance that is absent the excessive. While the specifics may be different, the industrial sector is lighting up across the western region. 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!Read more news at SVN Bluestone. It was a Saturday night, like any Saturday night in Portland, Oregon. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. . Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. 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. 2% May Rent Collected so far; 91. 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. 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 commercial real estate firm specializing in the sale and lease of properties. View Article. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. 2% 7. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. Remember when you learned how to ride a bike. The Ordinance created sweeping changes to Portland in. . Wealth may pay, but it may not stay. This is the main concept I want to deliver in this article. Delivered Units 12 Mo. After peaking at 100,000 branches in 2009, the number of bank. 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. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. Her grandmother had passed away and had appointed Jaime the executor of her estate. 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. The prime location was ideal for the buyer. The hotel sold for $1,00,000 and will be converted to affordable housing. Economic Update for March 2023. Currently, median rents in Portland stand at $1,120 for a one-bedroom apartment and $1,330 for a two-bedroom. A Tenant’s “Survival Guide” to COVID-19. We offer in-house support services, including financial analysis, research, and marketing. Visit and follow us on LinkedIn and Facebook!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. While it is certainly important for clients to make a plan for their eventual death, if that is all they plan for, their planning will be woefully inadequate. The complex is well maintained with a stable tenant base. 3% in comparison to the same time last year, according to a new April report from Apartment List. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 4% over the past month, but are down slightly by 0. View Article. 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. Property Type Office - General Office. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. SVN Economic Update: March 2022. What we have learned is that real estate is mostly a. Now that we’ve. Many commercial real estate investors are experiencing significantly reduced income from their properties. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Finding a. SVN Advisors also represent clients in auction services, corporate real estate,How to Prepare for the New Office Space Trends. , 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. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. 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. 222. Bank branches across the US continue to bleed out as the COVID-19 pandemic rolls on, and experts caution that the impact on the CRE industry could be profound this year. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial. But Who Are They and What Do They Ask For? It is survival of the fittest in the retail universe, as those retailers considered essential by government officials and well-capitalized will remain viable post-pandemic, while those who are not are falling behind. . 7% 6. 1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley Most residential. Gen Z is surpassing millennials as the largest renter cohort dominating the multifamily market, which has comprised 42% of all CRE sales since the start of the pandemic, according to new Cushman & Wakefield data. There are 60 or so developments under construction valued at $10 million or more. Suite 300, Portland, Oregon will conduct 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. 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. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. Then, we develop a management plan. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. SVN Economic Update: September 2023. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Absorption Units Vacancy Rate 12 Mo. 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. Untrained and Confused. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 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. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. That is a piece of conventional wisdom that appears to transcend cultures. SVN Bluestone, Principal Broker. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 1% month-over-month, according to the latest numbers from. Delivered Units 12 Mo. 9% 12 Mo. 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. A group that has wanted to see if they can have a positive impact on the city of Portland’s homeless crisis. 459. Suite 300, Portland, Oregon will conduct a class taught by Managing Principal of KPFF, Blake Patsy. 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. Portland Metro. To keep you informed, SVN Bluestone & Hockley has summarized the 2019 legislative changes. It employs 6-10 people and has $0M-$1M of revenue. Email. At 70%, Renewals Dominate Office Leasing. Welcome to Bluestone Real Estate Services. 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. SVN Economic Outlook: April 14, 2023 CPI Inflation. Investing in real estate is a funny thing. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. . View Article. This 18 guestroom motel is located on . 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. In this presentation, Leah Sykes will update us regarding changes to the city of Portland’s Landlord – Tenant ordinances with a focus on the major changes to tenant screening and security deposits. 75% for nonprofits. Delivered Units 12 Mo. We are all wondering if brokers and investors can find deals during the pandemic. SVN Bluestone is a company that operates in the Real Estate industry. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Cost segregation studies are a very effective way to shelter investment property. 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. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Portland rents have increased 0. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. Karlin is a managing Principal Broker in Oregon and Washington. Introduction 2019 was an eventful year for the Oregon legislature. It was a great building and we owned it for. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. 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. 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. SVN | Bluestone Apr 2022 - Present 1 year 4 months. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Remember when you learned how to ride a bike. 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. 503-577-7710 brian. SVN | Bluestone & Hockley 4915 SW Griffith Dr. 2% month-over-month and 3. – but is the world ready to hand over the safety of travel to computers? According to a. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. We are more than just brokers, we are. However, due to personal issues, a decision was made to sell the property. 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 best in sports nutrition and supplements! We offer the widest variety and best pricing for all yThe 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. Good news for US Housing Economy. 49 likes. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. By: Clifford A. Visit and follow us on LinkedIn and Facebook! Sign Up. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. com. 2021 Portland Tax Changes. For your property management needs, visit the Bluestone Real Estate Services website. The amount of equity in the market, some of which has turned into debt, has put added pressure on conventional lenders. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. His thoughts focused on managing the company in case I was unable to. Contact SVN Bluestone and Hockley Advisors for. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. Median home-price expectations for one year ahead climbed 30 basis points to 3. The transaction closed in March. SVN Economic Update: March 2022 The Fed Raises Interest Rates. We strive to build long-term relationships with our property owners and tenants. More than 80% of workers spend their time engaged in collaborative work. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. On February 18, 2020, SVN Bluestone & Hockley hosted a class on the new ordinances, and their impact, to over 70 clients and colleagues! The class was presented by Russell White, Director of Residential Property Management at Bluestone & Hockley who not only has two decades of residential property management experience but has also been on. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. Absorption Units Vacancy Rate 12 Mo. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our cities for what the next half century. SVN|Bluestone advisor Kevin Wingate-Pearse used the interest the property produced to gradually lower the offering price to 2014 market rates, and successfully negotiated with both banks to reduce the amount for their notes. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. Lot Size 8. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. 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. 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. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. 4359. Economic indicator reports arrive regularly in a newsroom. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. SVN | Bluestone Nov 2019 - Present 4 years. 25% while. We recently had an environmental engineer call out the registration issue. The event was a tremendous success. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Delivered Units 12 Mo. Executive Director, SVN | Bluestone and Hockley. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. A real estate market that is now officially on the map in the eyes of institutional and private capital. 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. 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. com. 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!Lumber Prices Drops Fueling Multifamily Building Boom. The Waldport, Oregon hospitality property was a non-operational REO property. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. 2% from one. 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. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. Oregon opened with a bang in February passing statewide rent control, continuing with new mobile home park rules and finishing with some more state taxes. There has been a shift in demand for rental housing due to demographic and other changes in our society.