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Murray Rd land sale announced

by Compass Commercialon 31 May 2018in Press Releases

We are pleased to announce the sale of 1.6 acres of industrial land located at 20495 Murray Road in Bend to Aloha Produce. Dan Kemp and Bruce Churchill brokers of Compass Commercial represented both seller and buyer. Compass Commercial broker Joel Thomas, CCIM, also represented the buyer. If you have questions about this transaction, please contact the…

CCCS: Buildout for Refine Medical

by Compass Commercialon 18 May 2018in Construction Services

Refine Medical recently celebrated their grand opening on Bend’s west side. Owned and operated by Dr. Pamela E. Mondorf, MD, Refine Medical is a medi spa providing client treatments including medical weight loss, laser body sculpting, bio-identical hormone balance and medical aesthetics. Compass Commercial Construction Services (CCCS) completed the tenant buildout in suite 140 of…

KBND: Market research and construction viability update

by Compass Commercialon 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…

Multifamily News: Interest rates and cap rates

by Compass Commercialon 10 May 2018in Central Oregon Multifamily News

The following content is taken directly from the Central Oregon Multifamily News, Spring 2018 issue. Many have prematurely predicted rising interest rates for the last several years. It does appear that rising rates are finally a reality. The question now is “how far and how fast?” Rising rates could hamper performance and returns for investment…

Murray & Holt Lot Aerial photo in the Bend Central District

Announcing sale of Murray & Holt site

by Compass Commercialon 8 May 2018in Transaction News

We are pleased to announce the sale of the Murray and Holt auto dealership site located at 181 NE Franklin Avenue in Bend’s Central District. The transaction included 1.76 acres of land and a 13,500 square foot building constructed in 1957. Brooks Resources Corporation purchased the property from Jack Holt. Representing both buyer and seller…

Prineville Duplexes, Multifamily Residential Investment Properties

Central Oregon CRE Update – April Transactions

by Compass Commercialon 8 May 2018in Transaction News

We are pleased to announce notable commercial transactions closed by the firm during April 2018. Arthur A. Pozzi Trust leased the 80,370 square foot industrial building on 11.47 acres located at 20730 Brinson Boulevard in Bend to the Bend-La Pine School District. The landlord in the lease transaction was represented by Compass Commercial Real Estate…

Residential Update: 20 year Bend real estate trend

by Compass Commercialon 4 May 2018in Local Economy & Community

At Compass Commercial, we keep an eye on market trends in commercial real estate, but also residential real estate. One company we look to for trends and prices is the Bend local Beacon Appraisal Group, LLC. Each year, they publish a Bend SFR Median Sale Price chart for the previous 20 years (click here). More…

Joel Thomas, CCIM broker at Compass Commercial Real Estate Services in Bend, OR

Broker earns CCIM designation

by Compass Commercialon 26 April 2018in Press Releases

We are pleased to announce broker Joel Thomas earned his Certified Commercial Investment Member (CCIM) designation. Over the last 4 years, he has been actively working toward this achievement, and attending classes at the CCIM Institute. He recently traveled to Tampa, FL to take the 6 hour cumulative exam, the final step to acquire the…

Compass Points^® Q1 2018 Market Survey

by Compass Commercialon 25 April 2018in Compass Points Market Report

CHALLENGES OF CONSTRUCTION IN A HEATED BUILDING ENVIRONMENT Cover Article By Howard Friedman, CCIM While driving around the southeast industrial area to survey buildings for our Compass Points® newsletter, I noticed an unusual amount of ‘Now Hiring’ signs posted in front of businesses in the area. It should come as no surprise to locals that…

Timing on buying and selling CRE in Central Oregon

CBN Article: Timing, Timing, Timing

by Compass Commercialon 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…

Central Oregon CRE Update – March Transactions

by Compass Commercialon 17 April 2018in Transaction News

We are pleased to announce notable commercial transactions closed by the firm during March 2018. Brokers Dan Kemp and Graham Dent of Compass Commercial represented Dan and Sandie Campbell in the sale of the Cultus Lake Resort business, located at 55885 Cascade Lakes Highway, southwest of Bend. The resort is operated on 7.99 acres of…

Business & Real Estate Cycle Impacts

by Compass Commercialon 4 April 2018in KBND Interviews

There has been many conversations around the topic of the economic cycle and if we are in a bubble. In this month’s KBND Morning News Interview with Heather Roberts, company President, Pat Kesgard, CCIM discusses some perspectives and factors to help alleviate the worry about a similar economic downturn. LISTEN NOW