September 2020

Next Marketing (Virtual) Meeting

COAR’s next monthly commercial marketing meeting will be Friday, October 2 at 9:00 AM. These meetings are currently held the first Friday of the month at 9 AM via web meeting. To join the meeting, click here on your computer, tablet or smartphone. You can also dial in using your phone by calling (646) 749-3112. Access Code: 947-798-717.

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. 

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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. 

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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. 

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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.
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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.

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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.”

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Commercial Newsletter and Publications

Stability on a Risk Environment 2018
Commercial Real Estate ALERT Report
International Business Trends
Commercial Connections
Commercial Member Profile 2018
Commercial Digest
Commercial Real Estate Outlook
Commercial Real Estate Lending Trends
Commercial Real Estate Market Survey
RPR Conversations with Commercial Real Estate Pros
Marijuana and Real Estate: A Budding Issue
Expectations and Market Realities in Real Estate

Important Links for Commercial Practitioners

CCIM (Certified Commercial Investment Member)  NAR Commercial Information 
IREM (Institute of Real Estate Management)  LoopNet
SIOR (Society of Industrial and Office REALTORS®) Brevitas
CIPS (Certified International Property Specialist) Economic Development of CO
LEED Certification (U.S. Green Build Council) Redmond Economic Development
Commercial Education at COAR Central Oregon Builders Association
Building Owners and Managers Association ZipForms