The Bend Chamber recently hosted the 2017 Real Estate Forecast Breakfast at the Riverhouse. Compass Commercial had 12 brokers and three staff members in attendance. The main take away was that Bend will continue to grow, it’s inevitable. According to presenters, Bend has been growing at an average rate of seven people per day for a while. Therefore, growth over the next 10 years is predicted to be an estimated additional 30,000 people. There was a clear consensus Bend has the capacity for this growth, but it will take being creative and forward thinking to do it well. Updating infrastructure has been on the minds of those planning since they realized this growth was not a fluke. There is an understanding that much of our infrastructure, including transportation and utilities, was planned for a much smaller population and won’t sustain the predicted growth. In addition, planning for new infrastructure within the newly added UGB, approved in December 2016.
We are pleased to announce the addition of Darrin Atkinson, Maintenance Technician to the Compass Commercial Asset & Property Management team.
Darrin comes to Compass Commercial with a long history of maintenance technician and supervisory positions. He brings with him more than 15 years of experience working in Southern California, Eugene and Bend for a range of large facilities.
Compass Commercial Partner, Regional Property Manager and Broker Krista Polvi, can now add another accolade to her accomplishments. This weekend, April 28-30, 2017, she is being inducted into the Collegiate Water Polo Association Hall of Fame as the 31st inductee.
The award winning transaction was the sale of an 84-acre industrial property, with 550,000 square feet of buildings located at 1155 and 1315 North Main Street in Prineville. In this sale/leaseback, the Compass Commercial brokers were able to help establish a new 20-year lease with Contact Industries to ensure the company, currently employing 220 people, will continue operations in Prineville well into the future. Through its nationwide marketing outreach, Compass Commercial found a Southern California investor to purchase the property. Compass Commercial represented the buyer in the transaction as well as the seller.
Twist Cocktail Catering Co. For Sale
Twist Cocktail Catering Co., a mobile bar and alcohol catering business, is for sale and is looking for a new owner to take this profitable business to the next level.
This Bend-based niche business created the solution for mobile bars and alcohol sales management for parties, weddings, fundraisers and corporate events. Twist is a business with a strong, recognizable brand in Central Oregon and the Columbia River Gorge. The company’s success is evident in their increasing income, profitability and number of events each new year.
We are pleased to announce the addition of Compass Commercial Construction Services’ new Project Manager, Jared Johnson.
Jared comes to Bend from Walnut Creek, California with a Bachelor of Science in Construction Management from California State University, Chico and 10 years of experience in the construction industry. He specializes in project management, customer services, safety and quality control, as well as planning and coordination throughout the construction process.
We are pleased to announce the promotion of three of its long-standing team members.
Sandi Mickel has been promoted to the position of office manager. She came to the company with a background in the title and escrow industry and has served as the front desk receptionist and administrative assistant since 2008. She also serves the brokers in their day-to-day transactional business and keeps the office in compliance with state regulations.
Her diverse administrative skills and willingness to learn and develop new skills make her an invaluable asset to Compass Commercial. The team is looking forward to her continued growth with the company.
Compass Commercial is pleased to announce Bruce Churchill, principal broker, has joined our firm.
Bruce has been involved in commercial real estate as a client, developer and broker for over 30 years. He has worked along the west coast from Alaska to California in commercial development, construction and real estate brokerage.
He graduated with a Bachelor of Science in Civil Engineering from Bucknell University in central Pennsylvania, then went on to acquire his Master of Business Administration with a focus on real estate development from Stanford Graduate School of Business. He has used his understanding of business and development to gain over 50 successful land use approvals in Oregon, and develop 8 assisted living facilities in the Pacific Northwest. Bruce generated over $24 million in transactions within his first three years as a commercial broker in Bend.
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About Compass Commercial Real Estate Services
With integrated services in brokerage sales, leasing, asset and property management and construction services, Compass Commercial helps buyers, sellers, landlords and tenants achieve their unique commercial real estate goals. Today, the company celebrates 20 years of serving clients in Central Oregon, continuing a tradition of excellent client service and superior market intelligence. The team’s collective industry expertise includes Central Oregon’s only two Society of Industrial and Office Realtors (SIOR®) designees, 11 Certified Commercial Investment Members (CCIM), 3 Certified Property Manager (CPM®) designees and the distinguished Accredited Management Organization (AMO®) designation from the Institute of Real Estate Management. Learn more at www.compasscommercial.com. Follow us on Twitter @CompassCom.
BEND, OR, January 17, 2017 – Compass Commercial Real Estate Services is pleased to announce that it has exclusively listed for sale the building at 20735 High Desert Lane in Bend. The property is 100% leased by Columbia Distributing, who has occupied the building since 2008. This is an investment opportunity with a single tenant and an existing NNN lease. A new 15-year lease was executed in 2008. The cap rate is 7.15%.