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 Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. Experienced Commercial Real Estate Brokers in Portland Oregon. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. , SUITE 300, PORTLAND, 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. View Article. SVN Economic Update: January 13, 2023. 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. Then, we develop a management plan. 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. 2% May Rent Collected so far; 91. Managing Director - SVN | Bluestone Portland, OR. His thoughts focused on managing the company in case I was unable to. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. There has been a shift in demand for rental housing due to demographic and other changes in our society. It’s been seven months since COVID-19 invaded our lives and consciousness. 2%. Larger REIT’s. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Families Key in Future Rental Housing Market. Wealth may pay, but it may not stay. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. However, due to personal issues, a decision was made to sell the property. 7 million. Median home-price expectations for one year ahead climbed 30 basis points to 3. Delivered Units 12 Mo. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. SNV | Bluestone & Hockley specializes in the sale of commercial and multifamily properties and the leasing of commercial space. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. . What we have learned is that real estate is mostly a. 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. 4 Acre. , PORTLAND, OR 97209 SVN | Bluestone & Hockley | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. This property was being offered at the price the current buyer paid back in 2012 as a Bank owned REO. 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. Visit and follow us on LinkedIn and Facebook!Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. 48 gallons One day= 1440 minutes One month= 30. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. 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. Despite the broader rise in inflation expectations, they remain well. One of the factors that has maintained rent collections is the $600/week federal unemployment aid that is set to expire on July 31 st. Brokerage. One year ahead inflation expectations for rent ticked up 20 basis points to 9. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. After all, many luxury brands have offered semi-autonomous features for years – cruise control, lane assist, perfect parallel parking, etc. High-end, high-rise apartments in densely-developed urban areas were hurt badly by falling rents and occupancies in the pandemic. We are more than just brokers, we are. The presentation will discuss how to select the correct commercial lease clauses and ways to approach those lease clauses to add significant. Changes in Portland FAIR Access in Renting Ordinance. 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. 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. Loan repayment terms vary by applicant, up to a maximum of 30. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 462 likes. 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. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, President, Bluestone and Hockley Real Estate Services Executive Director, SVN Bluestone and Hockley Ever wonder why some people are wealthy and others are not? Do theyThe SVN Bluestone investment team of Cliff Hockley, Jim Wierson II, and Olesya Prokhorova sourced a transaction for a client that involved a complicated 1033 Exchange. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. The Owner of the property had been long-term owners and built property. We recently had an environmental engineer call out the registration issue. 00/SF/YR. SVN | Bluestone & Hockley (503) 459-4387 Contact Broker see more see less: 320: Space Type General Office ; Lease Rate $23. We are more than just brokers, we are experienced advisors. 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. Leased! 7,965 SF at the Ross Center in Happy Valley. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. View Article. Real Estate investors forget how important accounting is to their investment success. The hotel sold for $2,350,000 and will be converted to affordable housing. The property is located in NE Portland location with great WalkScore. Appraisal Adjustments – Covid-19 – Full presentation. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. They should be considered by every real estate investor on every transaction. Back Submit. They should be considered by every real estate investor on every transaction. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. The Portland Diamond Project noted in an announcement this past week that it reached an agreement in principle with the Port of Portland to develop a ballpark on a 45-acre site, dubbed Terminal 2. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. 503-577-7710 brian. Get more news at SVN Bluestone and Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. We strive to build long-term relationships with our property owners and tenants. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. Contact Brian directly. Net operating income (NOI) is the driver of value in real estate investing. The complex is well maintained with a stable tenant base. 9% 4. 459. 2% from one. Email. You are responsible for the safety and well-being of your staff, tenants and visitors to your property. 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. S. 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. ”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. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. Beaverton, Oregon, United States. 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. 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. 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. 4% over the past month, but are down slightly by 0. 3800 Cliff Hockley Executive Director 503. The property manager at Bluestone and Hockley worked with the broker to reclaim a smaller better-situated space, that had been vacated during COVID. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. 1 These clauses remained relevant as interest rates were high - but interest rates have. . Visit and follow us on LinkedIn and Facebook!Home buyer demand remains high and mortgage applications skyrocket Local Real Estate Market Activity. We are a leader in the Portland/SW. This 18 guestroom motel is located on . The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. Property Type Office - General Office. Real estate investors need to improve their due diligence when they purchase properties and be attuned to the local environmental and climate conditions as they make the decision to purchase a property. This affects real estate investors because if you buy or sell a property, you may need to prove that your drywells are registered. We offer in-house support services, including financial analysis, research, and marketing. S. It is your responsibility to independently confirm accuracy and completeness. 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. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. 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. Higher Mortgage Rates Begin to Cool the Pricey Housing Market. Visit and follow us on LinkedIn and Facebook!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. View Article. Office Leasing, as Companies Expand into New Markets. View ArticleBy: Clifford A. Some Retailers are Opening New Stores. SVN | Bluestone Advisors work with properties ranging in scope and scale from a small apartment property in a tertiary market to large institutional caliber multi-state portfolios. Understanding the terms of your tenants’ leases and. The property also has easy access to MAX transit line and to downtown Portland jobs. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. 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. 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 federal tax return filing deadline is now July 15, 2020. Eviction Doomsday Isn’t Coming. 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. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. The Challenge of the sale was that the owner wanted a quick sale and but at the same time. 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. For your property management needs, visit the Bluestone Real Estate Services website. Absorption Units Vacancy Rate 12 Mo. I have been licensed to sell real estate. 137 likes · 1 talking about this · 32 were here. According. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. The transaction closed in March. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley Most residential. 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. . 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. Visit and follow us on LinkedIn and Facebook! Sign Up. resendez@svn. Many years ago, our attorney advised us to implement a succession plan. 20 gal/day) The Canyon Shopping Center has a 1,450 SF retail space available for lease. SVN | Bluestone & Hockley represented both the buyer and the seller in the transaction of Foxstar Apartments. When it’s time to return to the office and reopen business there are multiple things to consider. The 2,500 SF single-story retail space is located at 1212-1218 NW Glisan. 7% year-over-year, the lowest annual increase since October 2021. Delivered Units 12 Mo. Source: Kelsi Maree Borland with GlobeSt. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. Today, I am an Oregon and Washington licensed Real Estate Advisor, working under SVN / Bluestone. . We were invited to a special meeting of friends. View Article. Since the pandemic began, nearly one-third of commercial leases in the US negotiated since March include the pandemic as a force majeure event. 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. Fuel Svn Belmont, Victoria, British Columbia. There are real estate bubbles as demand and population increase and decrease. Tenants are struggling to pay their rent, and the government. During. Overview Vancouver Multi-Family 1,682 1,820 3. After getting off the phone and arranging for her flight to Florida, Jaime wondered. 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. Sources: Marketplace. This past year for residential landlords has been a whirlwind of changes and new laws. With unemployment still at levels not seen since the Great Depression era, the Treasury has been disbursing the benefits at a record pace of. Open by appointment only. Banks and other financial institutions. Where landlords once only needed to provide 20 days’ notice, they now must provide 60 days’ notice. . That is a piece of conventional wisdom that appears to transcend cultures. Disappearing Bank Branches. SVN Economic Update: September 2023. We are all wondering if brokers and investors can find deals during the pandemic. Stay Connected. James Schaff, President of SVN Bluestone. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This is What the Upcoming Tenant’s Market Will Look Like. 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. The relief generally applies to all. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. Eighty percent of work is defined as “collaborative. For your property management needs, visit the Bluestone Real Estate Services website. Q&A with Jeff Roike, SVN Senior Vice President, Director Hospitality Council What’s going on, in general, in the hospitality asset class as a result of Covid-19? The current average market occupancy rates range between 3% – 20% nationally. S. Jan 2016 - Present7 years 8 months. 0%. Visit and follow us on LinkedIn and Facebook!SVN Economic Outlook: April 28, 2023 Q1 2023 GDP (1) The US economy grew at an annualized rate of 1. Good news for US Housing Economy. i nfo@bluestonemgt. SVN | Bluestone Beaverton, OR (503) 459-4387. 9%, and food up 10 basis points to 5. 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. 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. The yield on a 10-year US Treasury Bill rose to 1. Cost segregation studies are a very effective way to generate savings when buying investment property. The Buyer was in. Absorption Units Vacancy Rate 12 Mo. The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. SVN Economic Update: March 2022 The Fed Raises Interest Rates. After peaking at 100,000 branches in 2009, the number of bank. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Here in Oregon nearly 270,000 initial claims were received in those. We are all wondering if brokers and investors can find deals during the pandemic. com. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. SVN Bluestone, Beaverton, 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. We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. 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. . SVN Bluestone & Hockley chockley@bluestonehockley. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. 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. 48 * 1440 = 10771. SVN Bluestone Profile and History. The company is headquartered in Beaverton, Oregon. The apartment complex which was originally listed as a. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. 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. 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. . Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. 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. All amenities are within walking distance. In 2011, the company partnered with SVN International to provide real estate sales brokerage services. 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. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. Visit and follow us on LinkedIn and Facebook! Local Commercial Real Estate Advisors. View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. 9% 12 Mo. Industrial Property Lease Terms Get Shorter and Shorter. stores, shows how much retail real estate has changed in just the last decade. 5% 12 Mo. New Logo to Ring in the New Year. SVN Economic Update: February 24, 2023 Homebuilding Sentiment Rises. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. 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. For Lease $23. July 2023 Economic Update Inflation (1) The consumer price index (CPI) rose by 0. It was a Saturday night, like any Saturday night in Portland, Oregon. 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. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. 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. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. 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. Major. Guide to Reopening Business Amid Covid-19: Landlords. Not the largest or the most actively contested markets, the 2016 Retail Markets to. Below are additional resources for businesses as the country reopens. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. The Waldport, Oregon hospitality property was a non-operational REO property. A real estate market that is now officially on the map in the eyes of institutional and private capital. Finding a. For tax payments of up to $10 million, the IRS has also. The Consumer Price Index (CPI) rose 0. 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. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. 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. 1. Here’s Why. Federal Resources SBA Economic Injury Disaster Loan Program SBA is providing low interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. SVN Bluestone & Hockley Senior Advisors represented the buyers. 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. Executive Director, SVN | Bluestone and Hockley. 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 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. Senior Advisor. When optimized, they can increase cash flows, reduce tax liability, and uncover missed. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. Executive Director, SVN | Bluestone and Hockley. 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. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. In the heart of the Pearl District, it is located just off of 13th Avenue and is surrounded by condominiums and apartment buildings. 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. The program will require both business tenant and property owner participation. com. 0% year-over-year through June, according to the latest numbers from the Bureau of Labor Statistics. . 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 average worker spends 40% of the day at their desk. Part of the government response was the Centers for Disease Control eviction moratorium, based on public health concerns. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. 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. As we showed up just on time, we found out many more people showed up than they. SVN Bluestone. The Buyer was in. 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. More time for you. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. , Suite 300 Portland, OR 97219 503. 1% month-over-month and 5. The report shows that for the first time, nonstore retail sales, which include e-commerce sales, totaled more than those for the department stores that anchor most traditional Class B and Class C malls. His focus is on the Clark County, Washington multifamily marketplace. 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. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. 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. Bluestone & Hockley Collections Report. We advise clients on a wide variety of issues ranging from overseeing capital improvements and buildouts to branding a. To what degree will depend heavily on the property and the location. 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. Eric Castle, Managing Director SVN Bluestone. The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. ” But underneath, they are nervous. 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. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. News & Information. Visit and follow us on LinkedIn and Facebook!Tech Industry Driving U. 5% . Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. 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. Delivered Units 12 Mo. SVN Economic Update: August 11, 2023. Visit and follow us on LinkedIn and Facebook!SVN | Bluestone & Hockley 4915 SW Griffith Dr. The shuttering of retailers for an undisclosed period. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. Manager, Community Property at Bluestone & Hockley Real Estate Services. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. “You have to understand this is a very unusual situation, with. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. 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. 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. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. Recessions generally occur when there is a widespread drop in spending. Real GDP increased at a 2. 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.