“Metaverse” is the latest buzz in the intangible world of digital assets like cryptocurrency and NFTs. So what is it? In the simplest sense, it is a 3D version of the internet. You can shop, interact with other people, play games, watch concerts, and hold meetings. Once launched, the metaverse will be accessible through virtual
Jenn Limoges, CCIM and Principal Broker weighs in on the market by vertical: RETAIL- Where did the staff go? Sale prices are heading down as are rents. New development rents have leveled off for now, as construction prices for materials have come down. However, considerable risk still exists around delivery timelines and inflation
NAI Cascade Acquires Strategic Property Services NAI Cascade Commercial Real Estate Services is honored to announce the acquisition of Strategic Property Services and with it, veteran Property Manager, Trish Parkes. While NAI Cascade has always offered a regional property management solution, we now have an in-office, experienced property manager to manage and grow
NAI Cascade Welcomes Trish Parkes, LPM Trish Parkes, Licensed Property Manager has joined NAI Cascade Commercial Real Estate Services. Trish has worked in commercial property management and leasing in the Central Oregon Area for over 18 years. Before joining NAI Cascade, Trish owned and operated Strategic Property Services and built her reputation on being
Walt Ramage and Jeff Reed represented both the buyer and seller of a 10-unit multi-family investment located at 1015 NW Roanoke in Bend. This property closed off market at $2,150,000. Walt Ramage represented the buyer and seller in the disposition and acquisition of 3.67 located on Business 97 and NW Quince in
What a potential repeal of the 1031 exchange means for real estate investors 1031 or like-kind real estate exchanges have been part of investment and estate planning since 1921. Originally passed to stimulate economic growth, the 1031 exchange is now the bread and butter for large-scale investors as well as those who rely
The annual inflation rate reached 4.2% this April. Soaring from 2.6% in March, this was well above the market forecast of 3.6%. As we watch these key performance indicators, it is important to keep a few things in mind: Year over year comparisons are upended as economic conditions this time last year were
Childcare Shortage in Central Oregon Worsens Amid Pandemic Shutdown Pre-Covid, the need for more childcare opportunities and facilities was a critical issue in Central Oregon. The current need is even greater with the combination of childcare businesses that shut down and the number of people relocating to the area. Estimated childcare slots declined
Broker Focus: Walt Ramage Walt’s foray into commercial real estate began as a state licensed assistant appraiser here in Bend. Driven by his interest in development and construction, he earned his Oregon Real Estate license in 2006. In 2007, Walt took on his first development: a four-acre site in the south end of
John Shelk, Managing Director of Ochoco Lumber Weighs in on Rising Lumber Prices Lumber prices have skyrocketed in the past year, making headlines across the nation and affecting home prices in a booming real estate market. From March of 2020 to May of 2021, lumber prices increased as much as 377% in some
