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. Basis for Calculations 1 cubic feet= 7. Foxstar Apartments is a 20 units complex situated in East Portland. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 75% for nonprofits. A Chinese saying that goes “Wealth. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. They should be considered by every real estate investor on every transaction. Suite 300, Portland, Oregon will conduct a. The Challenge of the sale was that the owner wanted a quick sale and but at the same time. 51-100. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. It employs 6-10 people and has $0M-$1M of revenue. 459. The property is located in NE Portland location with great WalkScore. We are all wondering if brokers and investors can find deals during the pandemic. 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. What is your geographic market and product specialty? My geographic market is the Portland MSA and my product specialty is office. 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. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Appraisal Adjustments. 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. The unemployment rate has declined rapidly over the past two months after slower declines in the first five months of 2021. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. We were invited to a special meeting of friends. We don’t discriminate based upon size. 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. Manager, Community Property at Bluestone & Hockley Real Estate Services. The Whiskey Inn is a hotel in Pendelton, Oregon that was recently purchased to be converted to affordable housing. Today we are delving into the 2016 Top Retail Markets to Watch. After getting off the phone and arranging for her flight to Florida, Jaime wondered. SVN | Bluestone is a commercial real estate firm specializing in the sale of commercial and multifamily properties, and the leasing of commercial space. 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. While the specifics may be different, the industrial sector is lighting up across the western region. 2% 12 Mo. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. The health care establishment has yet to consider its patients as customers. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. How Gen Z Renters Might Reshape Multifamily. We never stopped working even when we made the decision to leave the office to protect our employees from COVID -19. Jan 2016 - Present7 years 8 months. **SVN Canada Weekly SALES Zone** EPHEDRINE; Post Workout (Recovery) *CLEARANCE ITEMS* Fibre; Pre-Workout; Amino Acid (Blends) Glutamine; Protein. 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. cook@svn. 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. 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. At 70%, Renewals Dominate Office Leasing. Not the largest or the most actively contested markets, the 2016 Retail Markets to. . SVN Bluestone and Hockley Brokers (represented seller) Cliff Hockley: 503-459-4359 The Multnomah County Board of Commissioners unanimously voted Thursday to give renters 90 days of protection from eviction for non-payment of rent, now that the statewide eviction moratorium has come to an end. The relief generally applies to all obligations that otherwise would. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of. 7% 6. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. Source: Austan Goolsbee New York Times, Sunday, February 16, 2020 Brick-and-mortar stores face bigger challenges from three major economic forces. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. 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. Image via pxhere A bill that caps annual rent increases to 5 percent passed the state legislature and is expected to be signed into law by Governor Newsom. SVN Bluestone, Principal Broker The world’s climate is changing and so are the methods adapted to adjust to the changes. 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. For the 15th consecutive month, July continued a downward trend in unemployment with a rate of 5. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andSignup for our email newsletter and stay connected with up-to-date market information, closings and new listings. To date, millennials and baby. Lease renewals accounted for 70% of office leasing activity in the US in 2020, a significant uptick from 2019 levels. Mom and Dad typically gifted you a new bike with training wheels, so you could learn how to bike without crashing right away. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since September and the. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott |. With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space. 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 SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Washington passed several laws that rewrote much of their state’s landlord & tenant laws, resulting in an incremental win for tenants. . View ArticleSVN Economic Outlook: March 31, 2023 (1) Interest Rate Impact on Bank Securities and Capital. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 9% 4. Industrial Experts Address Challenges Amid Historic Demand. 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. This event will be held on. 2%, gas up 40 basis points to 4. 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 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. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. The Consumer Price Index (CPI) rose 6. After an extensive search, Cottonwood Apartments, located in Redmond, Oregon was identified as the up-leg of the exchange. 5% year-over-year and just 0. There are real estate bubbles as demand and population increase and decrease. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. Portland rents have increased 0. 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. 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. 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. 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. 1% 12 Mo. Visit and follow us on LinkedIn and Facebook! Sign Up. While the office sector has clearly struggled through the pandemic, office-using employment recovery indicates future demand for physical workspaces. One of the biggest surprises for the retail market in 2021 has been the drastic slowdown in announced store closings. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. 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. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. . 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. com. What we have learned is that real estate is mostly a. 2% month-over-month and 3. Beaverton, Oregon, United States Vice President Leasing Manager Shorenstein Realty Services 2007 - 2020 13 years. 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. The company is headquartered in Beaverton, Oregon. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. Our Properties. It was the slowest monthly climb for prices since December. 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. 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. The team of Steve, Rick and Andrew came up with a sales strategy that included limiting the call for offers to just 3 weeks to. Executive Director, SVN | Bluestone and Hockley. SVN | Bluestone Beaverton, OR (503) 459-4387. Visit and follow us on LinkedIn and Facebook!Patrice Cook - SVN | Bluestone - Portland Commercial Real Estate Brokerage. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. Despite the broader rise in inflation expectations, they remain well. 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. 8: 5. 7% 9. 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. S. Advisor Kevin Wingate-Pearse brought this deal to an investor. We strive to build long-term relationships with our property owners and tenants. In the end, the Buyer assumed the existing CMBS financing with the Seller paying all assumption costs and agreeing to a price reduction, but it added tension to the deal, and it involved attorneys to sort it out. We begin by listening to them. Through a culture of compensated cooperation and national reach that assures maximum exposure for each listing, SVN advisors create unprecedented value for real estate investors year after year. Major. SVN Economic Update: April 2021 Covid Cases and Vaccinations. We. SVN Bluestone & Hockley Senior Advisors represented the buyers. View Article Guide to Reopening Business Amid Covid-19: TenantsThe client of SVN Bluestone & Hockley advisor Cliff Hockley only had a limited amount of time to identify the up-leg of a 1031 exchange and close on both deals. View Article. The demand for office space nationally will be robust post-Covid and this will be to a growing and booming economy, which creates additional demand for office space, low unemployment, favorable fiscal and monetary policy, and new office space layouts The Seller had not checked on his prepayment penalty, and at the last minute found out it was going to be $250,000. The Consumer Financial Protection Bureau began to publicly consider in March 2021 what steps it could. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. Cost segregation studies are a very effective way to shelter investment property. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. Eric Castle, Managing Director SVN Bluestone. Visit and follow us on LinkedIn and Facebook!Read more news at SVN Bluestone. Suite 300, Portland, Oregon will conduct a. For decades, universities were known for their dearth of retail beyond a college bookstore. Work/ Life Balance that is absent the excessive commute times in other West Coast cities. This may be lower than the real number due to the challenges many newly unemployed. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. SVN Economic Update: August 11, 2023. Property Size 60,115 SF. 4% over the past month, but are down slightly by 0. – but is the world ready to hand over the safety of travel to computers? According to a. The fall of the Toys “R” Us chain, with more than 700 U. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. . 49 likes. There has been a shift in demand for rental housing due to demographic and other changes in our society. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Industrial Property Lease Terms Get Shorter and Shorter. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year. Property Tenancy Multi-Tenant. Portland, Oregon. If you are looking for predictions for 2019 for the commercial real estate market, you aren’t alone. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. There was a title. Values go up and down. As one of. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. . Understanding the terms of your tenants’ leases and. 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. My specialty is in Investment Sales, but I also represent Landlords in strategic leasing of. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. We strive. As Economy Rebounds, Don’t Overlook Commercial Real Estate New Report Argues Property Can Be Hedge Against Inflation, Volatility. com 503. 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. 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. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. Executive Director, SVN | Bluestone and Hockley. 9% 12 Mo. 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. Wealth may pay, but it may not stay. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. When it’s time to return to the office and reopen business there are multiple things to consider. Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. CONTACT US. 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. 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. S. An accomplished real estate broker since 2004, Brian began his real estate career in finance by assisting with the acquisition of. 2021 Portland Tax Changes. . Managing Director - SVN | Bluestone Portland, OR. Suite 300, Portland, Oregon will conduct a class taught by Managing Principal of KPFF, Blake Patsy. 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. 1% month-over-month, according to the latest numbers from. 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. With over a. Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. 6The program will open for applications on March 8, 2021. 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. 459. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW. Expect Fewer Distressed Asset Opportunities Than in 2008. The prime location was ideal for the buyer. SVN Economic Update: March 17, 2023 Inflation. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. 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. SVN | Bluestone University of Oregon About About Vice President Portfolio/Asset Management with proven track record of success across. 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. 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. To what degree will depend heavily on the property and the location. 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. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. Three. Bluestone has experienced portfolio managers, quality tenants, and long-term relationships with the highest rated vendors in the industry. While your exact strategy will depend on your home state and business type, you can use this guide as a starting point to help you plan and prepare for the “new. The Four Phases of Recovery We Can Expect Next Year. Executive Director, SVN | Bluestone and Hockley. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. 13% as of January 8th, 2021— the highest level since March 18th, 2020. Sources: Marketplace. SVN Bluestone and Bluestone Real Estate Services. By Jamie Gingell, Director of Commercial Property Management of Bluestone and Hockley Real Estate Services. 0%. Of course, you have other impacts to consider such as taxes, crime, economy, and Covid pandemics. . 9% 4. 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. View ArticleThe SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. SVN Bluestone is a company that operates in the Real Estate industry. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. 5% year-over-year and just 0. We are your source for residential and commercial property management, commercial brokerage, and HOA management. Delivered Units 12 Mo. 49 likes. 122 followers 119 connections Join to view profile SVN Bluestone Portland State University Company Website Experience Commercial Real Estate Adviser / Broker SVN Bluestone. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Our new brand more accurately represents the company’s. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and SVN | Bluestone. Ordinance VMC 8. Suite 300, Portland, Oregon will host Eileen Day, CPA from Holmes and Company, LLP for a discussion on the new federal tax codes signed into law this past December and what these changes mean for real estate overall, and your investments. View Article. With several states and cities requiring residents to “shelter in place”, traditional retail has come to a halt. 7% year-over-year, the lowest annual increase since October 2021. 4% 12 Mo Deliveries in SF 12 Mo Net Absorption in SF Vacancy Rate 12 Mo Rent Growth Portland's industrial sector was displaying strength even Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. 1% month-over-month and 5. A majority. We are more than just brokers, we are. SVN | Bluestone 153 followers 1w Report this post Report Report. Visit and follow us on LinkedIn and Facebook!Stacy Looney, Senior Advisor at SVN | Bluestone in Beaverton, OR has commercial real estate listings for sale or rent on showcase. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Why are they doing this? Because they are tired of dealing with the day-to-day challenges of managing residential properties. . After recent distress in the banking sector, there is a risk that many of the small and mid-sized banks that hold the bulk of US commercial real estate loans may see a credit crunch, dampening liquidity in the sector. 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. 2% 12 Mo. Tenants are struggling to pay their rent, and the government. The transaction closed in March of 2021. As a result, companies are dusting off playbooks to reconsider the hub-and-spoke site selection model not just for their own corporate purposes but also. 0% year-over-year through March, according to the Bureau of Labor Statistics’ latest release. The Buyer was in. 618 BUILDING | 618 NW GLISAN ST. 5% 12 Mo. 8% 7. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 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. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. SVN | Bluestone & Hockley 4915 SW Griffith Dr. Different asset classes will have slightly different requirements, please feel free to contact SVN Bluestone & Hockley Advisors for further assistance. Experienced Commercial Real Estate Brokers in Portland Oregon. Thanksgiving Inflation As Americans sit down for this year’s Thanksgiving, it’s more than just after-dinner-waistlines experiencing uncomfortable inflation levels. Beaverton, Oregon, United States. 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. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. Suite 300, Portland, Oregon will conduct a class taught by our President and Executive Diretor Cliff Hockley, CCIM, CPM, MBA. As Covid-19 continues to spread and impact every aspect of American’s lives, nothing is more important than our health and safety of that of our loved ones. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 5% year-over-year and just 0. Executive Director, SVN | Bluestone and Hockley. SVN Economic Update: January 13, 2023 CPI Inflation. There were also limited records kept 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. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. SVN Economic Update: March 2022 The Fed Raises Interest Rates. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. His focus is on the Clark County, Washington multifamily marketplace. Source: Kelsi Maree Borland with GlobeSt. In fact, in some areas, it has flourished. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. For more information on the stimulus package, we welcome you to read the SVN Bluestone & Hockley blog. By: Brian Pelky, Advisor, SVN Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Remember when you learned how to ride a bike. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. 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. This leaves opportunities aplenty for a retail industry that has long dedicated itself to customer service. Previously, Elsa was an Ad ministrador at Santa Ana Medical Center and also held positions at Santa Ana Medical Center, Registro Agrario. Appraisal Adjustments – Covid-19 – Full presentation. It is the final article detailing many of the Oregon laws that were. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. After a four-year update process, the new 2035 Comprehensive Plan was adopted on June 15,. The complex is well maintained with a stable tenant base. 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. Executive Director, SVN | Bluestone and Hockley. The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. SBA Economic Injury Disaster Loan. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. 8% 7. 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. That is a piece of conventional wisdom that appears to transcend cultures. If you calmly, wisely make the best of this difficult time, you. SVN | Bluestone and Hockley is pleased to announce the promotion of Brian Resendez to Senior Vice President. Thanks to the Tax Cuts and Jobs Act of. 7 million. 2%. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley As an. . At the end of 2015 Sperry Van Ness Bluestone & Hockley was re-branded to SVN Bluestone & Hockley. Cost segregation studies are a very effective way to generate savings when buying investment property. resendez@svn. The yield on a 10-year US Treasury Bill rose to 1. Unfortunately for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal. Visit and follow us on LinkedIn and Facebook!SVN Bluestone, Principal Broker As we near the mid-point of 2023, the Portland apartment market has shifted dramatically from 2022 which was a record-breaking year. Property Type Office - General Office. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. The relief generally applies to all. With the uncertainty over the last year, keeping your small investment might seem more like a gamble than a predictable long-range strategy. Core prices, which exclude food and energy rose 4. For your property management needs, visit the Bluestone Real Estate Services website. 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®. Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. . Delivered Units 12 Mo. It is your responsibility to independently confirm accuracy and completeness. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured. com. hockley@svn. Darcie Seal is a Manager, Community Property at Bluestone & Hockley Real Estate Services based in Portland, Oregon. SVN Bluestone. SVN Bluestone Senior Advisor, Stacy Looney, worked diligently for over two years to secure a 10-year lease at 9400 SW.