Congratulations to John and Steve McDonagh of the Vancouver Business Journal. They had been planning to bring a fresh and relevant business information event to Clark County in 2013. They are off to a great start as tickets for the Board Room Breakfast Series have sold out. If you don't have one call a frreind or check the sponsor list. The Boardroom is a quarterly breakfast series and will...
Clark County
Here at the start of 2013, as the U.S. jobs market continues its slow, not-very-impressive-but-nonetheless-forward march, one area of the economy still lags. Banks have only recently begun to lend again. . Both individuals and small businesses have faced tight credit standards enforced by risk-averse banks; mortgages have been hard to obtain, and small business credit has been tighter yet. From 2008 to...
Here is a summary of a press release from the National Association of Inustrial and Office Parks that has their outlook for 2013. According to the NAIOP Industrial Space Demand Forecast they expect the U.S. industrial market is to experience significant growth throughout 2013 and 2014, with annual net absorption forecast to reach 150 million and 175 million square feet in 2013 and 2014...
February 7th I attended a great event - the Kickoff reception for the public portion of an 8.2 million dollar Capital campaign to expand and improve the Clark County Family YMCA's Orchard's facility. Improvements include a six lane lap pool, an indoor running track, upgraded lockers, an enclosed youth center, and of finally , a coveted wooden basketball floor. The Y has already raised 5.6 of the...
I attended the Battle Ground Chamber of Commerce annual Treasures in the City - 2013 Recognition Banquet. This is a very well attended, and high quality event, and highlights one of the great communities we have in Clark County. 18 citizens are recognized for outstanding contribution to the community. I was attending to help support my friend Russell Brent who was nominated in two categories, Business...
It was a busy week, first with inaugurating a President, which is always a reason to celebrate. President Obama nominated his new cabinet officers who will be helping pull the levers of power on the economic scene for the next four years. There was a clear message … we’ll have more of the same. That theme was evident in Thursday morning’s “Building Clark County’s Future” 2013...
A recent report by Deloitte highlighted the 10 most important issues the Commercial Real Estate market will face this year. This is the 14th year Deloitte has issued the report. While still slow, there has been visible progress in the CRE world this past year, with improved fundamentals, more access to capital, increased transactions and in some cases better asset pricing. The Top Ten are...
We've now had almost three steady years of employment growth in the country. Part of the reason the "Great Recession" became so severe was that the housing bubble had allocated so many capital resources into an industry- Mortgage lending - that provided no corresponding productive capacity back into the ecomomy. It has taken four years to start to see it revive to a level where there might be some...
What does 2013 hold for Commercial Real Estate? My expectation is it will look very similar to 2012. Slow employment growth here in Southwest Washington will keep activity at modestly active levels. Scott Bailey has sung this refrain for the past four years, and nothing on the horizon suggests that will change. However 2012 held several good things for the local market. With many Leases on...
Congratulations to Mike Jenkins and Darryl Horrowitz on the acquisition of the HDJ building at 314 W 15th Street in Downtown Vancouver. The final steps of the transaction we're completed during the week of December 6. We've stressed the "Stop Leasing ! Own your business property " theme for the...