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>>Archive News - 2007


December 21, 2007
Portland Business Journal

Top 25 Commercial Lenders
Norris, Beggs & Simpson Financial placed Number 7 on this list, ranked by dollar volume of commercial loans.


December 7, 2007
Daily Journal of Commerce

Pacific Building Sells for $34M; Rehab Set
Meriwether Partners bought the Pacific Building in Seattle from LHT Corp. for $34 million, or $264 per rentable square foot, Meriwether said in a news release.


November 26, 2007
Daily Journal of Commerce

Construction Lenders Want More Cash
Amid a housing credit crunch and a slowing economy, bankers say they’ll keep loaning money but want more equity…The home mortgage crisis and a slowing economy are making Portland’s commercial builders nervous – and with good reason, says University of Oregon economist Tim Duy.


October 22-24
Genworth Financial
Top Producer Conference
Tuscon, AZ

Genworth Financial, a lender which funds over $2 billion in commercial real estate loans across the nation, honors its 10 top producers at an annual event. This year, two of the top ten producers nationally came from NBS Financial. Ken Griggs was number 9, and Mike Wood was number 7. NBS Financial services over $400 million with Genworth, and enjoys a longstanding working relationship with this industry leader. 


October 12, 2007
Portland Business Journal
Corporate Philanthropists
Norris, Beggs & Simpson Companies placed 15th in cash contributions to nonprofits by “medium companies $10-50 million in revenue." NBS Companies was the only commercial real estate company to place in this category.

October 12, 2007
Daily Journal of Commerce
Portland Real Estate Has Strong Third Quarter
Unlike national trend, local market shows reasonable gains across the board...Portland’s real estate market has, for the time being, dodged the sub-prime-mortgage bullet.

September 1, 2007
Retail Traffic
Reaping the Rewards
...The rise of CMBS lenders has radically altered the scene. CMBS lenders have been driving the terms for all commercial real estate lenders.

September 13, 2007
NBS Companies Portland to Coast Team Raises $1,780
The Norris, Beggs & Simpson Companies Portland to Coast Walk Relay team raised $1,780 by the race's beginning morning.

July 20, 2007
NBS Welcomes Two New Partners
Norris, Beggs & Simpson Companies is pleased to announce its two newest partners, Executive Vice Presidents of Real Estate Finance Blake Hering, Jr. and Mike Wood, both of NBS Financial Services. The company has been privately held since its inception in 1932.

June 22, 2007
Oregon Sports Hall of Fame and Museum Elects Four New Board Members
Mike Rose, Executive Director for the Oregon Sports Hall of Fame & Museum, has announced the election of four new members to its board of directors. They are Steve Miller, former Nike sports marketing chief; Blake Hering Jr., vice president, real estate finance, Norris Beggs & Simpson...

May 11, 2007
Portland Tribune
Land Titan Marks a Milestone
Much has changed in Portland since Norris, Beggs & Simpson – Portland’s largest commercial real estate firm – was founded in 1932.

April 1, 2007

Norris, Beggs & Simpson Celebrates 75th Anniversary
This April 1, Norris, Beggs & Simpson, Portland’s oldest locally-owned commercial real estate firm, celebrates its 75th anniversary.

March 20, 2007

NBS Financial Adds Patterson
Andrew Patterson recently joined Norris, Beggs & Financial Services Seattle office as a financial analyst for the firm, announced J. Clayton Hering, President of NBS Financial Services, a division of NBS Companies.

February 14, 2007

Industrial Portfolio Financed for $19.7 Million
NBS Real Estate Capital secured $19.7 million in acquisition financing for four industrial facilities totaling 704,751 sf in Reno, Nevada. Ken Griggs, Executive Vice President of Norris, Beggs & Simpson Financial Services represented the lender in the transaction.

February 14, 2007
Apartment Complex Financed for $6 Million
An experienced group of apartment investors secured a $6 million loan to refinance the Park Creek Village, a 136-unit apartment complex located in Hillsboro, Oregon. Blake Hering, Jr., Vice President with NBS Financial Services represented the lender and borrower in the transaction. Nationwide Insurance was the lender.

January 15, 2007

Guenther Delivers $14 Million for Holiday Inn
NBS Financial Services arranged $14 million in permanent financing for downtown Everett’s New Holiday Inn, President J. Clayton Hering announced. Erich Guenther was the Finance Officer for the 243-room, full service hotel property transaction.


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