We are pleased to announce notable commercial transactions closed by the firm during the month of May 2018. Compass Commercial Real Estate Services brokers Gardner Williams and Graham Dent represented Jack Holt, the seller of the recently closed Murray & Holt auto dealership commercial land located at 181 NE Franklin Avenue in Bend. The 13,500…
Compass Commercial Real Estate Services is pleased to announce the future opening of a Domino’s Pizza in Prineville, Oregon. Domino’s will be occupying roughly half of a new building, with a drive through pick up window, on Combs Flat Road, just south of the Clinic Pharmacy. The 1,500 square feet of retail space in the…
President, principal broker and partner, Pat Kesgard, CCIM spoke with Heather Roberts, co-host for KBND Morning News Interview for his monthly visit to talk about: The current leasing situation in Bend The process of creating a lease and what can be included The difference between triple net (NNN), gross and modified gross leases Advantages of…
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…
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…
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…