Portland residents know the city is experiencing a boom in apartment construction. However, that’s just the most visible sign of a red hot real estate market that is triggering commercial and residential construction throughout the region.
Converging conditions good for commercial real estate
Converging Conditions: The many considerations that affect valuation and pricing of commercial real estate have now aligned to create a near ideal environment for borrowers. It’s been a long time since so many broad-based economic factors have conspired so favorably.
Cashing in on Portland’s real estate boom
With Portland’s commercial real estate market mounting a strong comeback from the recession, major investors are competing for positions in the key sectors: multifamily housing, office, retail and industrial properties. Lenders are quickly emerging from the gloom of the recession…
Notable Pacific Northwest Transactions
Kirkland Waterfront, University District Building, Vista Pointe Aparments
Dealmaker of the Week
Norris, Beggs and Simpson Financial Services, Portland, Ore., arranged $8.5 million to refinance Kirkland Waterfront Market, a 24,000-square-foot mixed-use building in Kirkland, Wash. NBS Financial Services Principal Blake Hering, Jr. and Financial Analyst Matt Illias also arranged $4.1 million to…
Dealmaker of the Day
Norris, Beggs and Simpson Financial Services, Portland, Ore., arranged $8.5 million to refinance Kirkland Waterfront Market, a 24,000-square-foot mixed-use building in Kirkland, Wash. NBS Financial Services Principal Blake Hering, Jr. and Financial Analyst Matt Illias also arranged $4.1 million to…
Vista Pointe Luxury Apartments in Salem Receives $4.1M Refinance
Vista Pointe Luxury Apartments in Salem has received a $4.1-million refinance. The community is located at 1830 Wiltsey Road SE. The loan has a low fixed interest rate and a 30-year amortization schedule.
Dealmaker of the Day
Norris, Beggs & Simpson Financial Services, Portland, Ore., arranged $40.5 million for assets in California, Oregon and Washington State.
Hering, Jr. Named NBS Financial’s 2010 Finance Officer of the Year
Portland, Oregon (January 24, 2011) – J. Blake Hering, Jr. was honored as NBS Financial’s Finance Officer of the Year at Norris, Beggs & Simpson Companies’ annual Awards Banquet on Jan. 22. The Finance Officer of the Year award recognizes NBS Financial’s…