Growth and New Construction in Central Oregon: The 2020 COVID-19 crisis caused businesses to pivot how they are operating. Those who were hit the hardest have been unable to keep their doors open. However, the Central Oregon commercial market is remaining strong with new construction popping up all over the area. What is causing this…
Compass Commercial Real Estate Services is pleased to announce notable commercial transactions closed by the firm in September 2020. Compass Commercial Real Estate Services broker Howard Friedman, CCIM represented the seller, Cyber Drive, LLC, in the sale of 325 SW Cyber Drive in Bend. The 6609 SF office building on 0.72 acre sold for $2,225,000….
Congratulations to Ellisse Dickey with Compass Commercial Real Estate Services for being a recipient of the 2020 Accomplished Under 40 Award, presented by Cascade Business News. The Accomplished Under 40 Awards recognizes young professionals who have made an impact on their careers and in their communities. As someone who was born and raised in Central…
The 58-unit townhome complex known as The 27 Elm in Redmond sold for $13,200,000 ($227,586/unit) after a nearly two-year-long buildout and full stabilization. Brokers Dan Kemp, CCIM, Pat Kesgard, CCIM and Kristie Schmitt represented the seller, Chicago-based developer The Renaissance Companies and its local affiliate, Hunter Renaissance Development (HRD). HRD owners Jeanmarie Kapp and Nancy…
Compass Commercial Real Estate Services is pleased to announce notable commercial transactions closed by the firm in August 2020. Broker Terry O’Neil, CCIM of Compass Commercial Real Estate Services represented the buyer, Big B, LLC, in the acquisition of 350 NE Addison Avenue in Bend. The 15,000 SF industrial building on 1.71 acres was purchased…
Written by Ron Ross, CCIM Compass Commercial is pleased to announce the Deschutes Public Library (DPL) has purchased a 12.75-acre parcel for a future Central Library. The site is located on the north end of Bend near the intersection of Highway 20 and Robal Road. The purchase was a culmination of an extended search process…
Compass Commercial Real Estate Services is pleased to announce notable commercial transactions closed by the firm during the month of July 2020. Brokers Dan Kemp, CCIM, Pat Kesgard, CCIM and Kristie Schmitt of Compass Commercial Real Estate Services represented the seller, 27 Elm Partnership, in the sale of the 58-unit townhome project located on the…
Compass Commercial Asset & Property Management is excited to announce the launch of Yardi Voyager, a web-based accounting and property management platform. We currently have four top staff members working on the conversion aspects of the program, and we plan to go live on January 1, 2021. “We want to provide a quality property management…
The COVID-19 pandemic has made it evident that people are looking to move their businesses out of larger cities like Portland, Seattle and L.A. Central Oregon’s work-life balance capabilities make it an attractive location for these business owners. Broker Pat Kesgard, CCIM discussed what is happening in the commercial real estate market with KBND on…
The Effects of COVID-19 on Commercial Real Estate: It comes as no surprise COVID-19 has made an impact on the world. The last five months have changed dramatically for tenants and landlords alike. Brokers Howard Friedman, CCIM, Ron Ross, CCIM and Graham Dent, Partner take a look at how each market has been affected and…