Governor’s Executive Order extends residential eviction ban to Dec 31
On Monday, Governor Kate Brown issued Executive Order 20-56, extending Oregon’s statewide ban on residential evictions until December 31. Executive Order 20-56 extends most residential property provisions included in the Legislature’s HB 4213 (First Special Session of 2020) including the ban on terminations for nonpayment and terminations without cause. However, there are also some differences. Read the full update from OAR at the link below.
Video: Walt Ramage, 2020 Commercial Transaction of the Year
The COAR Commercial Committee The COAR selected Walt Ramage’s Les Schwab transaction as the 2020 Transaction of the Year (TOY). The subject property for Les Schwab Tires’ new flagship store is a city block located in the Bend Central District consisting of 10 tax lots between two owners. The transaction presented a number of unique challenges and required vision, creative problem-solving skills and tenacity to close. Walt recently sat down with COAR to talk about the transaction.
Webinar: Preserving the 1031 Like-Kind Exchanges - the Data Speaks
On Thursday, October 8 at 8:30 AM Pacific, NAR Commercial will host a webinar entitled, “Preserving the 1031 Like-Kind Exchanges - the Data Speaks.” NAR’s Evan Liddiard – Senior Policy Representative, Federal Taxation – will be the speaker, providing an overview of the updated study by leading real estate Professors David Ling and Milena Petrova on the tax and economic impacts of 1031 Like-Kind Exchanges on the commercial real estate sector and the Treasury.
Connect from your desk: Share haves, wants and more with CO-CRE
While our opportunities to network in person are currently limited, we encourage you to take advantage of tools like CO-CRE. CO-CRE is an email forum for commercial brokers designated specifically for commercial listings and opportunities. Share listings, haves, wants, opportunities, discussion – this is your forum to connect with fellow commercial brokers. CO-CRE is open to members of COAR. If you haven’t signed up yet, visit coar.com/co-cre to join.
Commercial Alert: Latest emerging risks and trends within CRE
The National Association of REALTORS® retained Swanepoel T3 Group to research and analyze the latest emerging risks and trends within the commercial real estate industry, resulting in the Commercial Real Estate ALERT. This 128-page report is not only for commercial real estate brokers and agents but also for residential brokers and agents who want to gain a better understanding of this important segment of the real estate market.
Growth Ahead for Industrial Hemp Market
“If you're ignoring hemp production as a land broker, you’re making a big mistake,” said Gary Hubbell, ALC, broker and auctioneer at United Country Brokers Colorado Inc., Crawford, Colo., during a May REALTORS® Land Institute roundtable on the benefits and risks associated with hemp farming. “To be successful, you have to understand the larger land market and how evolving new industries like hemp can impact it.”