NAI Norris, Beggs & Simpson has released its Fourth Quarter 2010 quarterly reports for office, industrial, retail and multifamily commercial real estate, as well as its economic report.
Office vacancy in Central City decreased to 11.78%, with a few significant leases. Suburban office vacancy fell slightly to 23.88%, with 121,056 sf absorbed. One of the larger leases of the quarter was ACS taking 30,656 sf at Triangle Pointe for a new call center. Vancouver office vacancy rose slightly to 18.7%. More >
NAI Global has published its 25th annual Global Market Report, containing information on commercial property in more than 200 markets around the world, including Portland.
2010 was a tough year for the commercial real estate market, but recovery is starting to occur, and there’s some room for optimism. More >
For the sixth consecutive year, NAI Norris, Beggs & Simpson was recognized as one of Oregon’s Most Admired Companies, based on a survey of Oregon CEOs conducted by the Portland Business Journal. NAI NBS ranked third out of the top ten Most Admired Commercial Real Estate Companies. President J. Clayton Hering accepted the award at a luncheon held at the downtown Hilton yesterday. About 1,800 CEOs and top-level managers in Oregon and Southwest Washington were surveyed to determine the Most Admired Companies.
Norris, Beggs & Simpson Companies President J. Clayton Hering was profiled in the December issue of Oregon Business magazine. Click here to read the article. Clayton has been with NBS since 1972, and became president of the company in 1993. He is very active in civic organizations and the arts, serving on the board of the Oregon Symphony and on the Young Audiences Advisory Board, among others.
NAI Norris, Beggs & Simpson had a great showing at the Institute of Real Estate Management (IREM) Oregon-Columbia River Chapter Annual Awards Ceremony last week. NAI NBS was named the Accredited Management Organization (AMO) Firm of the Year. Kimberly Fuhrer, who works out of our Vancouver office and is IREM’s Vice President, Member Services for 2011, was named Certified Property Manager (CPM) of the Year. Traci McCauley, IREM’s Vice President of Education for 2011, was honored for Outstanding Member Participation of the Year. Debra McCracken, another Vancouver property manager and IREM’s 2011 President, was recognized with the President’s Award. More >
Gresham’s Burnside Commons has secured its first new tenant since FMK Properties – Burnside, LLC purchased the property in July.
Gresham Therapeutic Massage Center leased 3,899 sf, and the lease began Oct. 15. NAI Norris, Beggs & Simpson Senior Vice President Jack McConnell represented the landlord, and Bill Butler of Web Properties, Inc. served as a consultant on the lease. More >
Third Quarter Market Reports for PDX CRE: Signs of Improvement in Multifamily, Central City Office Markets
This week we released our Third Quarter 2010 quarterly reports for the Portland metro area. There’s no doubt that we’re still seeing the impact of the recession, but there was certainly some good news, too. More >
Alexandra Ionescu has joined NAI Norris, Beggs & Simpson as a Real Estate Broker specializing in office properties. She will initially focus on the Sunset Corridor area, specializing in tenant and landlord advisory and working with local and regional clients.
Prior to joining NAI NBS, Ionescu was an Assistant Relationship Manager in the Commercial Real Estate Division of U.S. Bank in Portland. There, she performed financial and operational analysis of cash flow and leverage, and assessed client relationship risk.
Ionescu holds a Bachelor of Arts in business administration, with a dual specialization in commercial real estate finance and financial management, from Portland State University. She is a licensed real estate broker in Oregon.
Dex One has leased 6,508 square feet of retail space at Columbia Tech Center, Building 601, for the company’s new Dex One Solution Center. NAI NBS’ Tamara Fuller represented the lessee.
The new location serves as the first Dex One Solutions Center in the country. The center, which combines a local Dex One office with a unique storefront presence, is designed to help local businesses and consumers interact directly with Dex One’s marketing consultants. In addition to on-site consultation, the storefront features kiosks and interactive displays to help visitors learn about Dex One’s online, print, voice-enabled and mobile solutions. More >
Earlier this summer, NAI Global announced that it has entered into an agreement with AuctionPoint to provide NAI agents with access to an online auction tool that empowers brokers to auction commercial properties online, under their name and brand. AuctionPoint realizes that the local broker is the key player in bringing together buyers and sellers, and is the first online auction platform built specifically for brokers. More >