NAI NBS Named One of Oregon's Most Admired Companies

For the fifth 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 fourth out of the top ten Most Admired Commercial Real Estate Companies. President 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 Washingotn were surveyed to determine the Most Admired Companies. 128 commercial real estate companies throughout the state were nominated for inclusion on the list. The PBJ has a complete list of the winners in the commercial real estate category and others (such as manufacturing, technology and nonprofits).

Local Economist Mitchell Provides Economic Forecast for 2010

Local economist John Mitchell gave an economic forecast for 2010 at a Portland Business Alliance forum this morning. Mitchell said that the recession is likely either over or nearly over, and projected a fairly slow recovery. Though residential real estate has already seen gains, he expects commercial real estate to take much longer to recover. Mitchell is a principal at M & H Economic Consultants, and was previously a chief economist at US Bancorp.

The Daily Journal of Commerce and Portland Tribune both covered the event, and Oregon Business Editor Robin Doussard has a good blog post about it.

The PBA holds breakfast forums once a month. January's forum is on the future of Portland's newspapers.

NAI NBS Special Asset Team and Johnson Reid Team Up to Release 3Q09 Single-Family Housing Report

NAI Norris, Beggs & Simpson’s Special Asset Team and Johnson Reid, a consultancy specializing in real estate development and land use economics, have collaborated to release a single-family housing report for the Portland metro area for Third Quarter 2009.

The report covers both lots and standing inventory in Portland and Vancouver, and contains some good news for the market.

“Market watchers think that the bottom of the curve is behind us and that we are well on our way into a recovery in this hard-hit market,” said NAI NBS Executive Vice President H. Roger Qualman, who heads up the Special Asset Team.

The inventory of new and used homes and lots is declining, the report says, and houses between $150,000 and $199,000 are a sweet spot for action.

NAI NBS’ Special Asset Team, consisting of five brokers in Portland and Vancouver, was created within the firm to respond to the collapse of property markets through the Pacific Northwest. Tight financing for housing, investors and developers has created a need for its services as stress is placed on banks, bankers and banking relationships. The Special Asset Team works with lenders to provide strategic solutions for distressed assets, improved properties or loans.

The full report can be found here.