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…
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…
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…
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…
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…
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…
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…
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…
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…
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
We are pleased to announce the sale of the Cultus Lake Resort, a popular vacation destination located 45 miles southwest of the City of Bend off the Cascade Lakes Highway. The resort is situated on 7.99 acres of land owned by the Forest Service and operates under a special use permit. All assets of the…
We are pleased to announce notable commercial transactions closed by the firm during February 2018. Bear Creek Village, LLC sold the Bear Creek Apartments located at 155 NE Craven Road in Bend. The 48-unit multifamily apartment complex consists of duplexes, tri-plexes and four-plexes on 5.38 acres. Compass Commercial brokers Dan Kemp, Jay Lyons, SIOR, CCIM…