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I am Craig Johnson, CCIM, RECS, a Broker for Northwest Equities Investment Real Estate Services, Inc., specializing in leasing, sales, and consulting of office, industrial, and retail properties in Clark County, Washington. I am a Washington and Oregon licensed broker with 27 years of real estate experience and I look forward to sharing my knowledge of commercial real estate with you.
According to Jim Young, CEO of RealComm, a commercial real estate and technology advisory firm, “A growing number of corporate property owners say they have up to 50 percent excess leased office space and their goal over the next five to seven years is to eliminate that space” Mobile technology is not only making these changes possible it is driving office culture. According to an … Read more
Cynthia and I just returned from a week up in Alaska, mostly around Denali National Park. Encompassing 6,000,000 acres, roughly the size of Massachusetts, it is one of the largest nature parks on the planet. It includes most of the Alaska Range with Mt. McKinley(Mt.Denali to Alaskans) being the crown jewel. Unlike the National Parks in the “lower 48”, there is only one road, one … Read more
The long standing value paradigm in this industry has always been “Location, Location, Location”. Perhaps that is beginning to change to “Q3”, a term coined by Stewart Title Chief Economist, Ted Jones in a recent presentation he made in Portland, Oregon here recently. Q3 is shorthand for the new Paradigm, “Location Quality, Property Quality, and Tenant Quality”. Case in point, The Mortgage Bankers Association (MBA) … Read more
Last week Bill Gross, who runs the world’s largest bond fund at Pacific Investment Management Co., sold all government related U.S. debt from PIMCO’s $237 billion Total Return Fund. You may be thinking, “Why is this tidbit of news important to us?” Good question. When someone who is as knowledgeable about the bond market as Mr. Gross decides to get out of U.S. bonds there’s … Read more