His thoughts focused on managing the company in case I was unable to. During listing process the team of Hunter, Funk and Morris proposed the highest asking price along with a unique marketing plan for the property. I am a Hotel Broker with combined experience in hotel operations, commercial real estate investment, and mortgage lending services. Overview Portland Industrial 2. 4% month-over-month and 6. View Article. 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. Understanding the terms of your tenants’ leases and. SVN Bluestone & Hockley chockley@bluestonehockley. Often, it’s a small group of people who. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. 1% month-over-month, according to the latest numbers from. Henry Ford, the father of Ford Motors, had a relentless focus on planning. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. 37. The number of unemployed persons was also little changed at 5. 7% 6. CANYON SQUARE SHOPPING CENTER 4130 SW 117TH AVE. Penalties The following chart show the potential of a penalty for each type of infrac-tion based on the ordinance. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 222. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. . For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Get more news at SVN Bluestone and Hockley. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. The Consumer Price Index (CPI) rose 0. SVN Bluestone is a company that operates in the Real Estate industry. 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. Now that we’ve. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Visit and follow us on LinkedIn and Facebook!The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. View Article. 9% 12 Mo. The Waldport, Oregon hospitality property was a non-operational REO property. Three. Vancouver WA 98660. We are your source for residential and commercial property management, commercial brokerage, and HOA management. 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. “You have to understand this is a very unusual situation, with. 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. Foxstar Apartments is a 20 units complex situated in East Portland. With most buildings empty or near-empty from coast to coast, office investors put a brave face on the future of the sector—“it’s still alive,” “not going anywhere,” “as soon as there is a vaccine we will be back to normal. 137 likes · 1 talking about this · 32 were here. With over a. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. 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. Sources: Marketplace. For Lease $23. , 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. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. 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 and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. S. Commercial Real Estate Properties Available for Sale or Lease in Portland, Salem and Vancouver, WA. 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. Visit and follow us on LinkedIn and Facebook!Top 8 CRE Predictions for 2019. 7% year-over-year and 0. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 25% while. Property Size 60,115 SF. Bluestone & Hockley Collections Report. The client had initially purchased the property in anticipation that a casino would be built. The property also has easy access to MAX transit line and to downtown Portland jobs. Real GDP increased at a 2. 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. Overview Vancouver Multi-Family 1,682 1,820 3. When it’s time to return to the office and reopen business there are multiple things to consider. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. 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. SVN Economic Update: March 2022 The Fed Raises Interest Rates. While the June pause was intended to start a “wait and see” approach by officials, their meeting minutes and commentary in recent weeks suggested to the market that they were prepared to. 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. For tax payments of up to $10 million, the IRS has also. On April 9, 2020, the IRS and Treasury Department issued Notice 2020-23, granting an automatic extension of returns and quarterly tax payments, until July 15, 2020, to comply with several federal filing and payment obligations in addition to those already extended, as well as time to perform certain time-sensitive actions. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. Appraisals and Covid-19 Presentation- June 2020. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. i nfo@bluestonemgt. For decades, universities were known for their dearth of retail beyond a college bookstore. SVN Economic Update: January 13, 2023. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. Welcome to Bluestone Real Estate Services. com SVN | BLUESTONE & HOCKLEY |9320 SW BARBUR BLVD. Cost segregation studies are a very effective way to generate savings when buying investment property. 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. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. America Inn & Suites – Waldport, Oregon. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. 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. One year ahead inflation expectations for rent ticked up 20 basis points to 9. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. 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. 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. RECEIVERSHIP. 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®. . 9% 12 Mo. . 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. 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. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 2% month-over-month. That scenario could leave many companies weakened and some unable to survive the transition. SVN | Bluestone & Hockley 4915 SW Griffith Dr. The company is headquartered in Beaverton, Oregon. Back Submit. We are a leader in the. By: Clifford A. To date, millennials and baby. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 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. This property is a 53-room exterior corridor hotel consisting of a two-story, 25 room motel building built in 1979 alongside 28 rooms of cottages built in 1940’s, with additions added over the years. 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. Lest anyone be confused, COVID 19 is driving our current regional and national economy. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Stay Connected. 2021 Portland Tax Changes. There was a title. CONTACT US. cook@svn. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. Building Class B. 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. Remember when you learned how to ride a bike. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. 2% May Rent Collected so far; 91. 4 Acre. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We are more than just brokers, we are. com Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution While no one knows the severity of economic disruption the coronavirus pandemic will cause, it is likely to hit retail tenants significantly. . The roads were clear, and it was 50 degrees out. 3M 229K 4. 3% in comparison to the same time last year, according to a new April report from Apartment List. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 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. Think there is a tenant’s market right now? Stay tuned. , Bain Capital, and Vornado Realty Trust took over the company in 2005, the buyers justified the $7. 49 likes. Suite 300, Portland, Oregon will conduct a. 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. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. In Vancouver’s case they extended the time from 30 days’ notice to 45 days’ notice for an increase of 10% or more in a 12 month period. However, due to personal issues, a decision was made to sell the property. Email. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. In 1987, SVN pioneered a better way of handling real estate transactions with the goal of putting the client’s interests first. Senior Advisor. Appraisal Adjustments – Covid-19 – Full presentation. 3%. 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. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. 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. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Bluestone Profile and History. 51-100. 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. SVN Economic Update: February 10, 2023 January Jobs Report. View Article. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. Our Properties. It provided an opportunity for local commercial property owners/managers to connect with experts in commercial real estate. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We are a leader in the Portland/SW. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. Prior to passing the $2-trillion dollar stimulus package, the federal government had extended the tax filing requirements. SBA Economic Injury Disaster Loan. This is What the Upcoming Tenant’s Market Will Look Like. Park Regency is a well-kept property being sold to resolve a trust. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Contact Brian directly. 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. 462 likes. While the specifics may be different, the industrial sector is lighting up across the western region. 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. 4%. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. 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. Finding a. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. The unemployment rate has declined rapidly over the past two months after slower declines in the first five months of 2021. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. Visit and follow us on LinkedIn and Facebook!Overview Portland Multi-Family 7,390 10,627 5. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Absorption Units Vacancy Rate 12 Mo. At 70%, Renewals Dominate Office Leasing. View Article. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. 49 likes. Property Tenancy Multi-Tenant. resendez@svn. Commercial real estate in the United States should remain a strong investment choice as the nation emerges from a pandemic-induced slump, and it can be a good hedge for investors worried that rising inflation could. It was a great building and we owned it for. Successfully operating your buildings is the goal for all. 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. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. Eighty percent of work is defined as “collaborative. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. 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 national election is over, and we have a new president and new legislators filling both national and statewide positions. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. Overview Portland Multi-Family 7,390 10,627 5. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. . . Housing is popular because it has generally held up during the pandemic. 7 million. Portland's biggest construction projects right now. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. Net operating income (NOI) is the driver of value in real estate investing. 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. View Article. . 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. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Good news for US Housing Economy. Work/ Life Balance that is absent the excessive. 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. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. 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. SVN | Bluestone and Hockley. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. 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. SVN Bluestone, Principal Broker. SVN | Bluestone is a Portland Metro and SW Washington commercial real estate brokerage firm specializing in the sale of commercial. 6% month-over-month in August, its largest monthly increase. 503-577-7710 brian. 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. 0-5. Portland Metro. When it’s time to return to the office and reopen business there are multiple things to consider. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. Major. 8% 7. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our cities for what the next half century. The face of campus retail is changing. stores, shows how much retail real estate has changed in just the last decade. 75% for small businesses and 2. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 2% 7. SVN | Bluestone 153 followers 1w Report this post Report Report. 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. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. 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. Q&A with Albert M Lindeman, SVP, National Council Chair Office Properties & Jeffrey C. More time for you. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. Families Key in Future Rental Housing Market. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. Brian Resendez serves as an Advisor with SVN | Bluestone & Hockley in Portland, Oregon. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. As one of. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Executive Director, SVN | Bluestone and Hockley. A real estate market that is now officially on the map in the eyes of institutional and private capital. One of the most visible and devastating impacts of the state’s stay-at-home order to protect us from the human health crisis presented by COVID-19 has been mass layoffs. . 2% from one. Sources: Marketplace. A real estate market that is now officially on the map in the eyes of institutional and private capital. Economic indicator reports arrive regularly in a newsroom. SVN Economic Update: August 11, 2023. ”On Thursday, September 29, 2016, SVN Bluestone & Hockley co-hosted a seminar on “Due Diligence in Commercial Real Estate Transactions” with Dunn Carney Allen Higgins & Tongue LLP. A drastic runup in lumber prices earlier this year created a challenging environment for builders, but the. The federal tax return filing deadline is now July 15, 2020. Delivered Units 12 Mo. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. 8% 7. They should be considered by every real estate investor on every transaction. Wealth may pay, but it may not stay. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. CPI Inflation The Consumer Price Index (CPI) rose 6. Good news for US Housing Economy. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. Landlord and Tenant Law. 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. Core prices, which exclude food and energy rose 4. Tenants are struggling to pay their rent, and the government. News & Information. 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. 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 SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. The apartment complex which was originally listed as a. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. 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. 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. Finding a property that made sense was extraordinarily difficult. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. Connect Samantha Jordan Portland, OR. 5 days Convert cf to gallons times minutes (1 cf= 7. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. For your property management needs, visit the Bluestone Real Estate Services website. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. 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. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. 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. Executive Director, SVN | Bluestone and Hockley. James Schaff, President of SVN Bluestone. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. 93. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. Now available in thin veneer to provide a more believable alternative to "fake" cultured. Here’s Why. Lot Size 8. 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. 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. But now, retailers both large and small are seizing the opportunity to expand their operations beyond traditional shopping centers and onto university campuses where they can capture the attention of a niche audience: students. After being vacant for quite some time, Stacy Looney with SVN Bluestone, negotiated the lease for 7,965 SF of retail. Read more news at SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN Economic Update: March 2022. Economic Update for March 2023. 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. In fact, in some areas, it has flourished. -The average worker spends 40% of the day at their desk. SVN | Bluestone Nov 2019 - Present 4 years. The shuttering of retailers for an undisclosed period. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. The fall of the Toys “R” Us chain, with more than 700 U. 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 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. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. 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. If you calmly, wisely make the best of this difficult time, you. As we showed up just on time, we found out many more people showed up than they. When KKR & Co. 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 space. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. The annual inflation rate has now fallen for six consecutive months. As a commercial building owner, as your annual operating costs increase, your annual income should increase too. 5% year-over-year and just 0. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. To what degree will depend heavily on the property and the location. . , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. 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. . It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. Absorption Units Vacancy Rate 12 Mo. com. ” But underneath, they are nervous. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. A Tenant’s “Survival Guide” to COVID-19. Delivered Units 12 Mo. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. 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. Posted on by SVN. Over 16 million initial claims for unemployment insurance were filed across the nation in the first three weeks of the crisis. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. Stay Connected. SVN Economic Outlook: April 14, 2023 CPI Inflation. Below are additional resources for businesses as the country reopens. SVN Economic Update: January 13, 2023 CPI Inflation. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. Larger REIT’s. . Source: Kelsi Maree Borland with GlobeSt. The Ordinance created sweeping changes to Portland in. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. While the property is in a good location with great amenities and. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. We are more than just brokers, we are experienced advisors. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. 00/SF/YR. Core. 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. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley Most residential. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. Absorption Units Vacancy Rate 12 Mo. 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. 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. Our new brand more accurately represents the company’s. The SVN Brand is comprised of over 1,600 Advisors and staff in more. By Cliff Hockley, CCIM, CPM Principal Broker and Senior Advisor, SVN Bluestone I have been working with investors for over 35 years. There are 60 or so developments under construction valued at $10 million or more. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. Maple Grove is a well-kept multifamily property that is being sold to resolve a trust.