The Portland Business Journal released an updated ranking of commercial real estate firms in a special report on March 10, 2017. Compass Commercial currently ranks #9, up 3 spots from our position at #12 on the list of commercial real estate firms in Oregon. It is an honor to be in the top 10 for the state and to represent Central Oregon.
Read more at Portland Business Journal’s The List.
Portland Business Journal released their Book of Lists for 2017. We maintained our position at #12 on the list of commercial real estate firms in Oregon. It is an honor to be in the top 20 for the state and to represent Central Oregon.
Find out more about the Book of Lists.
Oregon Business News magazine released its 2017 Powerbook.
Compass Commercial ranks in the top 10 on its list of commercial real estate firms. We moved up from position 9 to position 8 this year based on the number of licenced commercial real estate brokers in the state of Oregon and southwest Washington. See the online 2017 Powerbook here.
Single family residential inventory is at just 2.5 months’ supply for the Bend area and median home prices are at $368,000.
View the market trend from Beacon Appraisal here.
Crowdfunding is probably the biggest buzzword to hit the commercial real estate industry in the last couple of years. But what’s the reality behind the hype? As hundreds of crowdfunding portals appear online, is this really the disruptive technology that some experts claim or just another option for funding and investing in commercial real estate?
To find out how it all works, Commercial Investment Real Estate talked to three CCIM members who are active in the crowdfunding arena: Elizabeth Braman, CCIM, chief production officer, Realty Mogul Co.; Adam Hooper, CCIM, CEO/founder, RealCrowd; and Darren Powderly, CCIM, co-founder, vice president of real estate, CrowdStreet.
Darren Powderly, CCIM, Compass Commercial partner and past president, recently spoke to Commercial Investment Real Estate Magazine about the funding and investment option that has been transforming the way commercial property investments take form. Read the full article below: Commercial Real Estate Crowdfunding Find out how it really works. By Sara Drummond Crowdfunding is probably the biggest…
Oregon Business magazine released its 2016 Powerbook.
Compass Commercial ranks in the top 10 on its list of commercial real estate firms. Read the full list here: Powerbook Jan 2016 page 46.
Check out our new ad campaign too.
$13 million four-story Crane Shed Commons is Bend’s first project of this scale in nearly a decade
BEND, OR (October 13, 2015) — The site of the former Brooks-Scanlon crane shed building on SW Industrial Way is about to see some action. Crane Shed, LLC last week submitted site plans to the city to develop Crane Shed Commons, a state-of-the-art, Class A, four-story building consisting of 50,000 square feet of flexible office and creative space. With groundbreaking anticipated in early 2016, the $13 million project will be the city’s first speculative office building of its size built in nearly a decade.
With its stellar views overlooking the Old Mill District, the Deschutes River and the Cascade Mountains, Crane Shed Commons will capitalize on the site’s prime location just minutes from downtown, Highway 97 and the Deschutes River Trail. Nearby amenities such as the new Bend Whitewater Park, the Simpson Pavilion (an ice-skating sports complex currently near completion) and shops at the Old Mill District are all within walking distance.
$13 million four-story Crane Shed Commons is Bend’s first project of this scale in nearly a decade BEND, OR (October 13, 2015) — The site of the former Brooks-Scanlon crane shed building on SW Industrial Way is about to see some action. Crane Shed, LLC last week submitted site plans to the city to develop…
The Real Estate Roundtable, a public policy organization, polled senior commercial real estate executives’ expectations on the CRE market over the next 12 months in their third quarter Sentiment Index.
The quarterly survey is the commercial real estate industry’s most comprehensive measure of senior executives’ confidence in the real estate environment. Conducted by FPL Advisory Group on behalf of The Roundtable, it measures the views of CEOs, presidents, and other top executives regarding current conditions and the future outlook on three topics: (1) overall real estate conditions, (2) access to capital markets, and (3) real estate asset pricing.
Topline Findings
National Real Estate Investor just released a recap of the survey online:
The Real Estate Roundtable, a public policy organization, polled senior commercial real estate executives’ expectations on the CRE market over the next 12 months in their third quarter Sentiment Index. The quarterly survey is the commercial real estate industry’s most comprehensive measure of senior executives’ confidence in the real estate environment. Conducted by FPL Advisory…
The Bend Bulletin shares information from our latest issue of Compass Points noting the increase in vacancy in all property types last quarter, but as we reported, it’s no cause for concern.
By Joseph Ditzler / The Bulletin
Tenants vacated more office and retail space in Bend than they rented overall during the second quarter, ending a months-long trend in which brokers leased property faster than it became available, according to a survey by Compass Commercial Real Estate Services.
The vacancy rate for office space, for example, declined steadily for three years, or 12 straight quarters, according to the survey, called Compass Points. But in the second quarter, Bend office vacancies rose to 9.2 percent from 8.9 percent the previous quarter. About 6,600 more square feet of office became available than brokers leased during the period, according to data from the survey released in July.
The Bend Bulletin shares information from our latest issue of Compass Points noting the increase in vacancy in all property types last quarter, but as we reported, it’s no cause for concern. Commercial real estate vacancies increase By Joseph Ditzler / The Bulletin Published Aug 12, 2015 at 12:01AM Tenants vacated more office and retail space…
Source: CCIM.com
Download the CCIM Q2 Market Trends Report
Members of the CCIM Institute, Commercial Real Estate’s Global Standard for Professional Achievement, indicated growing interest in retail investment properties, according to the organization’s 2Q15 Quarterly Market Trends report. Approximately 55 percent of CCIM members who participated in a May 2015 market intelligence survey reported lower capitalization rates on retail transactions than during the same period last year. The average national retail cap rate as reported by CCIM member respondents was 7.8 percent, substantially lower than the average national cap rate for all CCIM transactions of 8.5 percent. Retail transactions increased for 55 percent of CCIMs surveyed, with a 94 percent closing rate.
The lower retail cap rates reflect the tight market activity in the single-tenant net lease retail sector, according to CCIMs active in the net lease market. “It’s very hectic, with cap rates continuing to compress in the lower credit tranches,” said Camille Renshaw, CCIM, senior director and lead broker for the New York City office of Stan Johnson Co. “Many buyers are finally able to sell lower credit deals or weaker assets they held through the recession; they are bringing their 1031 exchange dollars to our sector, creating intense demand for product.”
Source: CCIM.com Download the CCIM Q2 Market Trends Report More than half of transaction survey respondents reported lower retail cap rates. Members of the CCIM Institute, Commercial Real Estate’s Global Standard for Professional Achievement, indicated growing interest in retail investment properties, according to the organization’s 2Q15 Quarterly Market Trends report. Approximately 55 percent of CCIM…