Recap: new office, retail and industrial development or the lack thereof? By Jay Lyons, SIOR, CCIM March 8, 2020 Bend’s commercial real estate market is as strong as ever as evidenced by historically low vacancy rates and seemingly new commercial developments around every corner. However, new development is not distributed equally across all property types….
A new community hot spot is coming to Bend’s East Side. Located at 1462 NE Cushing Drive, “East End” will host a variety of restaurants and retailers, both familiar and new to Central Oregon. The project is slated for shell completion in May of this year. Brokers Russell Huntamer, Jay Lyons, Tom Standish and Grant…
By Ron Ross, CCIM As you likely know, Warren Buffett, the CEO of Berkshire Hathaway, made his considerable fortune investing in the stock market. Mr. Buffett has also done well investing in real estate and many of his stock market principals carry over to real estate investing. So what did Mr. Buffett learn from his…
The popular restaurant, CHI | Chinese and Sushi Bar, will soon be moving to a new location. They will be expanding their operation into the former McGrath’s Fish House building in the Bend River Promenade on Highway 97. A full remodel of the restaurant space is set to take place this spring, with the intention…
Compass Commercial Real Estate Services is pleased to announce notable commercial transactions closed by the firm during the month of January 2020. Brokers Joel Thomas, CCIM, Pat Kesgard, CCIM and Kristie Schmitt of Compass Commercial Real Estate Services represented the seller, WG Prineville, in the disposition of 1948 N Main Street in Prineville. The 233,000…
By Jay Lyons, SIOR, CCIM February 10, 2020 Searching for the right space to lease for your business? Bend’s tight commercial real estate market is ever-changing. Jay Lyons, SIOR, CCIM outlines the steps to make when searching for the right location, size, price and configuration for your company. Find out how the market is changing…
If you’ve ventured down Tin Pan Alley in downtown Bend, there’s a good chance you’ve heard of Lone Pine Coffee Roasters. Perhaps you were drawn in by the smell of roasting coffee beans or the sweet scent of their freshly made waffles. Lone Pine has developed a sort of cult-following since its opening in 2009…
2019 Summary / 2020 Forecast: In this issue’s cover article, principal broker and partner Howard Friedman, CCIM reviews the year in commercial real estate and makes predictions for 2020. Bend’s Office Market: Compass Commercial surveyed 209 buildings for the fourth quarter 2019 office report. The buildings in the sample totaled just over 2.61 million square…
Compass Commercial Real Estate Services is pleased to announce notable commercial transactions closed by the firm during the month of December 2019. Compass Commercial Real Estate Services brokers Graham Dent and Gardner Williams represented the seller, Western Communications, in the disposition of the Bend Bulletin Building located at 1777 SW Chandler Avenue in Bend. The…
On Monday, January 6th, partner and broker Pat Kesgard spoke with Paul Hanson, host of KBND, about commercial real estate trends in Central Oregon. This interview included discussing retail malls that have recently been purchased and have a potential for redevelopment. Properties such as the former Applebee’s and Bend Bulletin Building are expected to see…
By Katie Peters, CBRE 303.968.5801 katie.peters@cbre.com CBRE has announced the sale of the Bend Bulletin building in Bend, Oregon for $13.15 million. The property, which was marketed as part of Western Communications’ bankruptcy proceedings, was purchased by Chandler Center, LLC. Paige Morgan and Charles Safley with CBRE’s Portland office partnered with Gardner Williams and Graham…
On Friday, December 20, our Asset & Property Management team spent the afternoon giving back to the community at Bethlehem Inn in Bend. The team was given a tour of the new facility and helped in the kitchen preparing and cooking food with chef extraordinaire Howard Friedman. Howard is a partner at Compass Commercial and…