Tuesday, May 10, 2011
NAI NBS Earns CoStar Power Broker Awards
A number of NAI NBS brokers earned individual awards:
Top Office Leasing Brokers: Chris Johnson and MaryKay West
Top Retail Leasing Brokers: J.J. Unger and Pam Lindloff
Visit the Power Broker website for the entire list.
Monday, April 18, 2011
First Quarter Reports Show Some Improvement for Portland CRE
Central City office vacancy rose slightly to 12.41 percent during First Quarter. The biggest office news downtown was the $129 million sale of Shorenstein’s First & Main to American Assets Trust. Suburban office vacancy also rose slightly, to 24.13 percent.
Industrial vacancy rose nearly a percentage point to 15.94 percent, with 529,020 sf newly available. Vacancy especially increased in North/Northeast, up to 18.94 percent, as a number of tenants vacated large spaces. But positive signs included Subaru’s build-to-suit lease at Rivergate Corporate Center III.
Retail vacancy remained fairly stable at 6.3 percent. Vancouver is seeing considerable retail activity, including a new Cinetopia under construction at Westfield Vancouver Mall and the recently-announced New Seasons in Fisher’s Landing, opening this October.
The multifamily market has seen recovery more quickly than other property types. Apartment vacancy was 2.74 percent during First Quarter, down from a peak of 5.43 percent during Fourth Quarter 2009. The multifamily investment market remains a bit sluggish, though the institutional market is more robust. The construction pipeline has also started to heat up.
Friday, April 1, 2011
Happy Anniversary, NAI Norris, Beggs & Simpson!
Tuesday, March 8, 2011
NAI NBS #1 Top CRE Company in Portland, Wins CAR Awards
Last week was a good one for NAI Norris, Beggs & Simpson. The Portland Business Journal's list of Top Commercial Real Estate Companies in Portland came out, and NAI NBS was ranked #1! The list is ranked by number of current metro licensed agents, and we have 55. The full list is only available for subscribers, but you can see the Top 10 here.
The Commercial Association of Realtors (CAR) of Oregon/SW Washington also held its awards ceremony last Thursday. Many of our brokers and staff members are involved with CAR. Chris Johnson was named Office Broker of the Year, MaryKay West was named Co-Humanitarian of the Year, and Jeff Borlaug was recognized as Member of the Year. We also had two runners-up: Andrew Rosengarten for Rookie of the Year, and J.J. Unger for Retail Broker of the Year.
Wednesday, February 23, 2011
NAI NBS Brokers $7.1M Sale of Tanasbourne Retail Property
StanCorp Real Estate LLC has sold Tanasbourne Lot 19 – Retail, a 7-acre property in Hillsboro with three retail buildings totaling 21,154 sf, to Atlas Investments for $7.1 million. Tenants are Stanford’s Restaurant & Bar, Red Robin and US Bank. NAI Norris, Beggs & Simpson Executive Vice President Chris Johnson and Vice President MaryKay West represented the seller.
The buyer, a local investment company, immediately recognized the quality of the property and its investment potential, leading the property to be under contract in just two weeks, and to close in a relatively short period of time.
“It’s nice to see strong interest in triple-net leased investments,” Johnson said. “This is a good indicator that investment activity will be improving in 2011.”
The property’s location, at 2550-2770 NW 188th Ave., was key. It has outstanding visibility and lies in the heart of Tanasbourne, which has seen considerable commercial and residential growth in recent years. It is close to sites of significant economic development, including the Intel campus, the new Kaiser Westside Medical Center, and the campuses of companies like Genentech and SolarWorld.
The tenants, all well-established and solid performers, were also draws. Though the recession was challenging for restaurants, both Stanford’s and Red Robin saw significantly better sales in 2010 than in 2009.
Friday, February 18, 2011
Two NAI NBS Brokers Recognized at NAI Global 2011 Convention
Two NAI Norris, Beggs & Simpson employees were recognized at NAI Global’s 2011 Convention in Las Vegas last week.
Executive Vice President Roger Qualman, who manages NAI NBS’ Vancouver, Washington, office and oversees the company’s industrial sales team, received the Chairman’s Award. It recognizes the NAI Business Director who best exemplifies the “right stuff” as it relates to the effective management of an NAI office, including leadership, business generation, service delivery, participation in enterprise initiatives and integration of NAI tools and resources throughout the firm. Qualman is pictured at right accepting the award from NAI Global President Jeff Finn.
Real Estate Broker Ross Connor, who specializes in industrial properties, was named to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. He qualified as a Top Performer at the Elite level based on 2010 production.