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Category : Advisor Insights

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KBND Morning News Interviews

KBND: Lease agreements and property management

by on 4 June 2018in KBND Interviews

President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview for his monthly visit to talk about:

  • The current leasing situation in Bend
  • The process of creating a lease and what can be included
  • The difference between triple net (NNN), gross and modified gross leases
  • Advantages of having a property manager oversee commercial properties
  • Steps to take if you own commercial property and would like to lease it out

Listen to the full interview below.

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KBND Morning News Interviews

KBND: Market research and construction viability update

by on 11 May 2018in KBND Interviews

What affect do the low vacancy rates and rising lease rates have to do with construction in Central Oregon? In addition to hearing about market research from the latest Compass Points report, you’ll hear about factors that affect viability of new construction projects, limited amount of buildable land, and many more facets of growth happening within Central Oregon’s commercial real estate industry during this interview between Compass Commercial Real Estate Services president, partner and broker Pat Kesgard, CCIM, and Heather Roberts, Co-Host of KBND’s Morning News.

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Timing on buying and selling CRE in Central Oregon

CBN Article: Timing, Timing, Timing

by on 24 April 2018in Pat Kesgard, CCIM
Photo courtesy of Cascade Business News.

President and principal broker, Pat Kesgard, CCIM was published in the Cascade Business News, April 18, 2018 issue with an article about where we are in the economic cycle as it’s related to local commercial real estate. Below is an excerpt of the article as published by CBN. Read the full article as published here.

“When buying and selling commercial real estate, timing is right up there with location. Much like with stocks, the goal is to buy low and sell high. With real estate though, there is also the consideration of maintenance, management and potential income. These are factors within the market but the economy also affects the return on investment. Considering where we are now in the economic cycle, approaching the peak of the bell curve on the left side, can be a scary thought to many. However, it’s a good idea to look at the factors surrounding that position in the cycle, giving the opportunity to be proactive in strategy.

“Unlike where we were ten years ago, we are not in a market where banks are loaning money to those who are not qualified. Since 2012 banks are required to lend only to qualified buyers and have worked to diversify their lending portfolios. These practices will help to ensure the banking industry doesn’t end up in the same position we were during the last two big downturns. Overall, the economy is in a solid position and businesses are doing well. Bend has low vacancy rates, but the surrounding cities in Central Oregon have plenty of opportunity for growth.

“We do believe there’s a downturn coming but the question is when and what it will look like? Our brokers at Compass Commercial Real Estate Services have had many conversations with owners of commercial real estate around this topic. We often hear questions…”

Read the full article as published in the CBN here.

Contact Pat Kesgard, CCIM for more information about commercial real estate industry by calling 541.383.2444.

Keep tabs on the commercial real estate market in Central Oregon by subscribing to Compass Points, our quarterly market report.

Economic Cycle Diagram

KBND: Economic Cycle & Land Development

by on 7 March 2018in KBND Interviews

Where are we in the economic cycle? What does development look like with the limited supply and the high demand? One thing is sure, demand is high for growing companies and companies wanting to move to Bend.

President, partner and broker Pat Kesgard, CCIM shares about the nuances of taking advantage of the unannexed UGB land, existing buildings and more. Listen to the full interview with KBND’s Heather Roberts below.

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Commercial Real Estate Inventory for 2017

Inventory rates at the close of 2017

by on 8 February 2018in KBND Interviews

Hear about the commercial real estate inventory rates in Central Oregon from Compass Commercial Real Estate Services president and partner broker Pat Kesgard, CCIM. He brings stats for vacancy from the close of 2017 for the various sectors of the CRE industry. Listen to the full interview with KBND’s Heather Roberts below.

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