The Portland Metro Area (PMA) apartment market was experiencing low vacancy trends (5% and below in most areas) and increasing rental rates from 2005 through late 2008. Since that time; however, the rental market has seen steady decline in rental rates and increases in concessions and vacancy due to the national recession that has seen [...]
Portland Apartment Market Trends
Capitalization Rates Without Market Activity
Woe is the market analyst who shoots from the hip. There is too much opportunity and rationale these days, or for that matter, at any time, for closer examination of the data, analysis, and conclusions set forth by appraisers reporting the decision-making processes of participants in the real estate market.
Who among us has not been [...]
PGP Valuation Appoints Lance Doré to VP Client Services
Establishment of Senior Leadership Role Highlights Company’s Dedication to Expanding Services for Government, Institutional and Corporate Accounts
CARLSBAD, Calif. – PGP Valuation Inc., the industry-leading appraisal services firm with offices worldwide, has announced that Lance W. Doré, MAI, FRICS, has been appointed to the newly created position of Vice President, Client Services. In his new corporate [...]
Financing Notes: Real Estate Is About Risk Shift
Do you think the collapse of the real estate market place is determinism (by design) or randomness (everything means nothing)? We can not deny that we have experienced a “bubble”. A bubble merely transfers a share of the future demand into the present. It’s linked with dramatic valuations and always debt funded. It is this [...]
Survival Tips For Real Estate Investors Seeking Capital In 2009
The dislocation in the commercial real estate capital markets that exists today in the second quarter of 2009 has frustrated users of capital and left them feeling hopeless. The small universe of debt and equity providers that are willing and able to provide capital today want to advance less loan dollars on your deal while also taking on less risk. Most of the time that means that it’s a deal you cannot make. Thankfully, after successive quarters of bad news, most of us are past the denial stage and are making attempts to exist in a broken market. The leverage being offered by capital providers today would make sense if cap rates were closer to double digits, but unless and until that market correction happens, there will be further frustrations as both borrowers and lenders are fighting to preserve their equity and maintain returns seen earlier in the decade. The following are some survival tips that could help your deal:
Restated Blog Vision: You Can Help
Thank you for visiting our commercial real estate blog. The purpose of this blog is to share ideas and information about the industry that would otherwise not be immediately available to our readers. If you find the blog useful and informative, please share it with your peers, colleagues and clients. We are committed to expanding [...]
10 Ideas to Increase Your Self Storage Facility’s Value
Market Intelligently
Don’t Give it Away for Free
Leverage Zoning
Maximize Unit Efficiency
Image Is Everything
Put Your Best Face Forward
Track Your Performance
Know Your Neighbor
Utilize Security
Storage Income is not Everything
1.) Market Intelligently – Are you maximizing your marketing dollar?Are you thinking outside the box? A variety of marketing tools exist intoday’s self-storage industry. In addition to traditional media types such as [...]
PGP Valuation Welcomes New Director of Appraisal Standards – Jim Murrett
As they say, timing and opportunity are everything!
James Murrett, MAI, SRA, an acknowledged expert in our field has joined PGP Valuation as the Director of Appraisal Standards. Jim has considered our firm to be a leading provider in the industry and has been intrigued by our service offerings, methodologies and overall standing.
Jim [...]