Two new buildings are nearing delivery inVancouver. Both projects are located in the upper north end blocks of downtown and carry on the movement of a revitalized core. The private projects, on the west side of Interstate 5 near its exit to 15th Street and Mill Plain Boulevard, include iQ Credit Union’s $10.5 million downtown [...]
Archive for February, 2009
Two New Buildings Near Completion in “The Couve”
Posted in commercial real estate, headquarters, office brokerage, office space, tagged al angelo company, iQ Credit Union, lease, mill plain, office space, real estate, vancouver on February 27, 2009 | 1 Comment »
A House of Cards – The Co-tenancy Clause Option
Posted in commercial real estate, downsizing, lease, retail brokerage, Trends, Vacancies, tagged bankruptcy, best buy, co-tenancy, kick out clause, lease, national real estate investor, retailers, shopping centers on February 26, 2009 | Leave a Comment »
The next time you drive by a shopping center and notice yet another store has disappeared from the monument sign, the reason could be an exercised co-tenancy clause. Think Circuit City by Washington Square. Co-tenancy clauses are legal passages included within retail lease agreements that allow retail tenants to cancel their lease or seek major [...]
Who’s On the Move – Week Ending 2/13/09
Posted in commercial real estate, lease, new office, office space, tagged Alpine Transportation, AmberGlen, BJ John Building, Eastridge Business Park, hotel occupancy, lease, LotusGroup USA, office space, open systems solutions nw, portland, Quality health solutions, square feet, vacancy, vancouver on February 17, 2009 | Leave a Comment »
Hotel Occupancy Report For the Top 25 Markets Just like every other product type in real estate, there is a report for hotel occupancy and I think we all know where this one is going. The latest report shows that all of the major markets are showing signs of stress due to the economy. The [...]
PDC Sustainability in Urban Development Report
Posted in commercial real estate, Green Building, headquarters, LEED, office space, Trends, tagged brokers, commercial real estate, LEED, office buildings, office space, PDC, portland, QJP, square feet, sustainability, tenant improvement, urban development, zero waste alliance on February 12, 2009 | Leave a Comment »
The latest edition of the PDC’s (Portland Development Commission) Sustainability in Urban Development Report is available now – http://tinyurl.com/c69hsc (this is a 4mb pdf file) A few statistics shared in the report indicate that U.S. buildings are responsible for: 70% of electricity consumption 39% of energy use 48% of all carbon dioxide emissions 40% of raw [...]
Vestas Fires Warning Shot
Posted in Uncategorized, tagged business journal, layoffs, office building, oregon, portland, square feet, vestas on February 11, 2009 | Leave a Comment »
It would appear my previous concerns over Vestas actually building a 500,000 SF office tower in Portland are, alas, valid. They announced today the possibility of layoffs in the coming months despite a 51% increase in revenues. This sounds like a shot out over the bow to me. For the full story from the Portland Business [...]
80% Decline in Loan Originations for Commercial Property
Posted in building sale, commercial real estate, Forecast, office brokerage, office space, Trends, tagged 1031 exchange, buyers, commercial property, credit crunch, industrial, investors, loan originations, multifamily, NREI, portland, retail, sellers on February 10, 2009 | 1 Comment »
According to National Real Estate Investor, an industry tracker, the climate among buyers and sellers of commercial real estate is a chilly one to say the least. With the credit crunch at full throttle, you have to be Warren Buffett in order to secure financing, and he doesn’t really need it. Denise Kalette of NREI writes, “Commercial [...]
Who’s On the Move – Week Ending February 6, 2009
Posted in build to suit, building sale, commercial real estate, downsizing, Forecast, Green Building, headquarters, office brokerage, office space, start up, sublease, Trends, Vacancies, tagged 5000 meadows, absorption, beaverton, concessions, courtside building, e-mark solutions, kruse way, Lake Oswego, nationwide security, nimbus corporate center, office building, office space, pace engineers, portland, shorenstein properties, square feet, vacancy, vancouver, WA on February 9, 2009 | Leave a Comment »
OutLook For 2009 Although the vacancy level is only up slightly at 9%, we believe the market is much softer. Free rent, moving allowances, discounted rent and additional tenant improvement allowances will be the norm in 2009. Concessions will vary by market. The Sunset Corridor, for instance, is seeing upwards of 12 months of free [...]
Big Tenant Migrates Downtown
Posted in commercial real estate, headquarters, office brokerage, office space, tagged commercial real estate, new deal, new office, Northwest Evaluation, office space, Old Town, Port of Portland, square feet on February 3, 2009 | Leave a Comment »
After watching this transaction for the last 6 months, it was great news for downtown today when Northwest Evaluation Association finally made it official that they were moving from the suburbs into downtown Portland. They will take the entire Port of Portland Building in 2011, once the Port vacates in 2010 for a new facility out [...]
Who’s On the Move – Week Ending 1/30/09
Posted in commercial real estate, office brokerage, office space, sublease, tagged a-cti, CIBER, comcast, commercial real estate, Eastridge Business Center, gigapix, lease, leupold stevens, new office, office ally, office buildings, office space, ontier, oregon, portland, rocketshop, square feet, tektronix on February 2, 2009 | Leave a Comment »
To kick off February 2009, I read an industry article (http://tinyurl.com/deq285) on the current conditions of commercial real estate investment and construction spending on a national scale. We took an astounding nose dive in the Fourth Quarter of 2008 , down by 19.1% compared to a decrease of just 1.7% one quarter prior. Clearly, the Fourth Quarter [...]
National Real Estate Investor- RECon 2012 Roundup May 25, 2012A myriad of project announcements, deals and product launches came during ICSC’s RECon show in Las Vegas. Here’s a rundown of some of the news.
- RECon 2012 Roundup May 25, 2012
- JLL GreenBlog
- Sustainability Initiatives and Shareholder Value (VIDEO)Posted by: Michael Jordan Strategic Consulting Many service companies are developing sustainability programs, but few are actually integrating sustainability into their core business activities. In the video below, I describe the experience of KeyBank, which is creating a sustainability program focused on shareholder value. Recycling and energy efficiency pr […]
- Sustainability Initiatives and Shareholder Value (VIDEO)
- Retail Traffic
- RECon 2012: A Return to Normalcy May 24, 2012At ICSC's RECon 2012 there was optimism. There were full halls. And, most importantly, deals were getting done.
- RECon 2012: A Return to Normalcy May 24, 2012
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