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Commercial Roadshow Coming to Redmond on March 20
If you have not yet registered for this week’s Roadshow Marketing Meeting in Redmond, it is not too late to do so. Join us March 20 from 12 to 2 PM for lunch and an update from Redmond leaders on future developments and opportunities in the city. Please note that this event will take place on March 20 – not March 27 as initially scheduled – to avoid spring break. 1 CE Learn more
With Salem focused on the Real Estate Industry, REALTOR® Day is a critical advocacy opportunity Real estate issues have been a focus of lawmakers this legislative session in Salem. Bills that threaten our industry are currently under consideration in the Oregon Legislature, such as HB 2498, which would change Oregon’s independent contractor law and could result in REALTORS® being reclassified as employees. It is critical that as Oregon REALTORS®, we show up and make our voice heard at the Capitol. Register today for REALTOR® Day at the Capitol – April 2 in Salem – and advocate for your industry. Learn more
EDCO Hosting Opportunity Zone Conference in Bend On March 22, 8 AM-12 PM, Economic Development for Central Oregon (EDCO) will host an opportunity zone conference at Tetherow. This event will provide an overview of opportunity zones, but the majority of the four-hour program will offer a deeper dive into actual projects already happening and opportunity zone funds established. In addition, a panel of project and fund owners will provide real-world examples of how projects are being structured, how to think about these as investments and pitfalls to avoid.
Registration is now open for the Redmond Industrial Real Estate Tour – April 18, 8:30 AM-1:00 PM. Presented by Redmond Economic Development Inc. (REDI) in collaboration with Economic Development for Central Oregon (EDCO), and brought to you by COAR and Francis Hansen & Martin LLP, this event is designed specifically for commercial brokers and offers an opportunity to learn more about industrial opportunities and speculative development in Redmond. Specific topics will include industrial lands, opportunity zones and enterprise zones. A bus will take attendees on a tour of key areas, with stops including industrial sites, the Redmond Municipal Airport and City Hall. Breakfast and lunch are included, as well as 3 CEs. Registration is limited to 50 attendees, so sign up today and reserve your spot!
The Bend Park and Recreation District (BPRD) is updating its SDC methodology and has proposed some changes and new fees to help fund a $78 million project list (formerly $92 million). COAR has provided feedback to BPRD throughout this process and voiced concerns regarding the impact of the District’s fees on affordability. One of the proposed actions in BPRD’s methodology update was the addition of a nonresidential/commercial SDC. At its February 19 meeting, the BPRD Board of Directors signaled support for removing that SDC from consideration.While the board did not formally vote at the meeting – support was determined by straw polls to determine consensus around specific actions – the consensus on the board showed a positive shift in the discussion. The board will review a draft ordinance in April and vote on its approval in May. Please watch for COAR emails and announcements for updates on this issue. To read a letter COAR sent to the BPRD Board of Directors, click the link below. Learn more
OAR Hosting Webinar on Statewide Rent Control Law - SB 608
Senate Bill 608 - statewide rent control - passed both chambers of the Oregon Legislature and has been signed into law by the Governor. Due to the emergency clause in the bill, it is effective immediately. To help answer questions and provide clarity on the law’s key requirements, OAR is hosting a live webinar on Friday, March 22, 2019 at 9:00 AM. The presenter - Leah Sykes, Partner at Greenspoon Marder, LLC - will review the bill and discuss its implications for both landlords and tenants.
Commercial Committee Selects Transaction of the Year for EnCOAR Awards
NAI Cascade Commercial Real Estate
The property is an 8-acre parcel just south of Frank’s Landing in Redmond that is being developed into two hotels facing Highway 97 and scheduled for completion in 2020. One hotel will be a Hampton Inn by Hilton with 100 rooms, indoor pool and a 3,000 square foot conference center. The second hotel will be a 96-room Holiday Inn Express to provide a lower price point option adjacent to the conference center. Register for the EnCOAR Awards here
Searching for Signals in the Noisy World of Commercial Real Estate
Emerging market trends are always a popular topic, especially in commercial real estate. The ability to forecast and analyze industry data plays an important role in preparing for what’s next . This month we look at what industry experts are seeing and how REALTORS® can use RPR Commercial to identify opportunities locally and capitalize on those trends.