July 30, 2010
Portland Business Journal

Stalled Casino Bid Opens Development Gap
The stalled efforts to bring a casino to Wood Village could leave a potentially lucrative site undeveloped for several more years.

July 26, 2010
Daily Journal of Commerce

Video Rental Stores' Demise Leaves Space Up for Grabs
When video retail chains Hollywood Video and Blockbuster began closing Portland-area stores, local real estate professionals expected to struggle to fill the vacant spaces. But it hasn’t been that difficult.

July 23, 2010

Local Investor Pays $1.8M for Burnside Commons
FMK Properties – Burnside, LLC has purchased Gresham’s Burnside Commons, a 38,053 square foot, three-building retail property, for $1.8 million, and the property is already attracting new tenant interest.

July 21, 2010
Daily Journal of Commerce

Portland's Multifamily Market Shows Signs of Improvement
Statistics released recently by the local real estate industry indicate Portland’s apartment and condominium market may be the first sector in the metro area to turn around.

July 16, 2010
The Oregonian

Former Gladstone Bowling Alley Site Becomes Home to New Walgreen's
It's been years now since bowlers cruised into the parking lot of Gladstone Lanes, harboring dreams of making tonight the night they would roll that perfect game.

July 15, 2010
Portland Business Journal

Office Market Soft, Especially in Suburbs
The first half of 2010 has ended and with it comes a flurry of office statistics from the city’s leading commercial real estate brokerages.

July 15, 2010
The Columbian

Vancouver Sees Increase in Office Vacancies
An additional 11,634 square feet came onto market in second quarter…Businesses vacated commercial office space slightly faster than it could be re-filled in Vancouver during the three months ending in June, according to real estate data issued this week.

July 15, 2010
Daily Journal of Commerce

LEED Needs More Verification
In March 2008, the New Buildings Institute reported the findings of its study on the energy performance of buildings that had received Leadership in Energy and Environmental Design for New Construction certification through 2006. Though the report revealed that a majority of the buildings in the study exhibited energy efficiency at, or above, design levels of performance, it also said 25 percent were significantly less efficient than had been forecast.

July 9, 2010
Portland Business Journal

Low-Brow Property Management Gains in Popularity
Brokerages seize on a stable cash source to compensate for a drop in sales and leases…Brokering high-profile sales and leases for commercial buildings and apartment complexes is sexy and lucrative – when the real estate market’s hopping.

July 9, 2010
Portland Business Journal

Top Commercial Property Management Firms
NAI Norris, Beggs & Simpson placed Number 2 on this list, ranked by total metro square footage managed.

July 9, 2010
Portland Business Journal

Retail Space Goes Empty
Despite lower rents, vacancies hit 8 percent; market and mortgage hurdles promise greater difficulties…After reducing shopping center rents by some 25 percent in order to retain tenants, Portland’s retail landlords and their property managers face a flurry of fresh challenges.

July 9, 2010
Daily Journal of Commerce

Storm Looms for Portland Office Market
With 2010 past the halfway point, real estate brokers around Portland say the metro area’s market for office space is in a period of calm before the storm. What they’re less certain about, however, is whether the storm that hits during the next quarter will lead to a speedy recovery or a drastic dip further into recession.

July 9, 2010
The Columbian

Retail Sales Up in Clark County
Consumers still seeking deals despite first increase in 2 years…Clark County retail sales showed their first year-over-year gain in more than two years at the start of 2010, an upturn local store owners chalk up to renewed consumer optimism.

July 8, 2010
The Columbian

Hazel Dell Apartment Complex Sells to Investor
A 37-unit apartment complex in Hazel Dell has been sold for $1.7 million to a Portland buyer. The Anderson Senior Estates, a complex of five single-story buildings, sold to NFN Investments LLC.

July 5, 2010
The Times

Fanno Creek Place Lands First Tenant After Two Years
Another new building, Pacific Financial Center on Highway 99W, is still hunting for tenants…Fanno Creek Place is a large office building off Upper Boones Ferry Road. It’s 3-stories, 51,000 square feet and according to its realtor is in an ideal location.

June 25, 2010
Vancouver Business Journal

Property Management Companies
NAI Norris, Beggs & Simpson placed Number 6 on this list, ranked by square footage under management.

June 17, 2010
Daily Journal of Commerce

Portland Office Market Seeing Some Signs of Life
Local office brokers are finally seeing signs of a light at the end of the tunnel for the office market. As the economy begins to recover, we’ve seen some positive absorption of office space and increased activity by tenants.

June 14, 2010
Daily Journal of Commerce

Portland Real Estate Tries to Diversify
While local commercial real estate firms scramble to identify the next big movement in the industry, their efforts to diversify could end up adding more financial stress to an industry that is already suffering.

June 11, 2010
Portland Business Journal

People on the Move
NAI Norris, Beggs & Simpson added Christina DuCoté as a senior property manager.

June 10, 2010
Daily Journal of Commerce

Commercial Real Estate Faces Tax Threat
Local commercial real estate professionals have a close eye on Washington, D.C., this week as the Senate works to pass a House-approved bill that would more than double the federal tax rate for a type of capital gain called carried interest compensation.

June 10, 2010
Daily Journal of Commerce

Church of Scientology Buys Sherlock Building
The Church of Scientology last week purchased its second historic downtown Portland building after the first didn’t meet its needs.

June 10, 2010
CoStar

East Side Haven Pays $1.7M for Box & One
East Side Haven LLC purchased the Box & One building in Portland for $1.7 million, or $232 per square foot.

June 9, 2010
CoStar

Church of Scientology Buys Sherlock Building
The Portland Church of Scientology, acquired the six-story Sherlock Building in Portland, OR, from Great Point Investors LLC for $6.4 million, or about $105 per square foot.

June 7, 2010
Multi-Housing News Online

Deal of the Day: Mixed-Use Property Purchased at 7.2% Cap
An investor has purchased the Box & One, two mixed-use buildings at 2724-2728 SE Ankeny, in Portland, Ore., for $1.7 million.

June 3, 2010
Daily Journal of Commerce

Block X Block: 1111 E. Burnside St.
An avant-garde, green building in east Portland is now for sale at a reduced price.

June 3, 2010
Daily Journal of Commerce

Retail Construction May Increase in Portland's Eastside
As landlords have become cash-strapped and lease rates have dropped, new and existing businesses have flocked to Portland’s eastside. And as the retail district continues to solidify itself, local real estate professionals believe the submarket will be the first to experience any significant new retail construction.

June 2, 2010
CoStar

DuCoté Joins NAI as Senior Property Manager
NAI Norris, Beggs & Simpson Portland hired Christina DuCoté as a senior property manager.

June 2010
Western Real Estate Business

Here's John's! Calif.-Based Pizza Chain Opens 1st Pacific NW Location in Portland Metro
Opening its first restaurant in the Pacific Northwest, John’s Incredible Pizza has leased more than 46,000 square feet at 9180 SW Hall Blvd. in Tigard.

May 30, 2010
The Columbian

Thinking Outside the Mall
New general manager reaches out to community to attract customers…The energy level appears to be picking up at Westfield Vancouver mall, despite the tepid economy.

May 28, 2010
Daily Journal of Commerce

Big Retailers Set Sights on Portland
On the surface, the Portland-metro area, with its lack of buildable land and lagging economy, wouldn’t appear to be an attractive market for large national retailers. Dig deeper, however, and what’s revealed is a glut of big, vacant retail spaces with relatively low rents - the perfect combination for big-name, large-scale stores.

May 26, 2010
Daily Journal of Commerce

Portland's Multi-Family Market Shows Signs of Life
Industry professionals believe Portland could see a shortage of multifamily housing by next year.

May 25, 2010
Daily Journal of Commerce

Brokers Gain Edge With Green Certification
"This whole sustainability movement isn’t just a trend; it’s here to stay," said Patricia Raicht, vice president of Grubb & Ellis in Portland. And for brokers to get the limited business available these days, they need to stay on top of what that movement means to the industry, she said.

May 21, 2010
Portland Business Journal

Brokers Earn Designations
NAI Norris, Beggs & Simpson real estate broker Neville Bassett, senior salesperson Doug Bartocci, and associate vice president Garret Harper have obtained the certified commercial investment member (CCIM) designation.

May 20, 2010
Daily Journal of Commerce

Commercial Real Estate: The Next Storm?
Just when it appears we finally have some good economic news, many investors wonder if another financial storm is brewing. The residential market, if not at the bottom, appears close to it. Though the number of residential foreclosures and loans 90 days past due are still rising in 2010, and unemployment is holding steady, few experts see significant additional drops in residential values on the horizon.

May 19, 2010
Daily Journal of Commerce

Tenants Upgrading as Market Recovers
When McCormick & Schmick’s moved its corporate headquarters from the Portland waterfront to an office building in the Pearl District, the company did not only change its address. It also boosted its image, trading class-B space for a class-A suite in the Pearl while paying the same in monthly rent.

May 14, 2010
Vancouver Business Journal

Movers & Shakers
NAI Norris, Beggs & Simpson senior salesperson Doug Bartocci and associate vice president Garret Harper have obtained the prestigious Certified Commercial Investment Member designation.

Summer 2010
Oregon Buildings

First Quarter Office Market Overview: Have We Hit The Bottom Yet?
The University of Oregon's Index of Economic Indicators rose by 1.6% in January, the third consecutive month of increase. Oregon's labor market is still struggling, but temp firms have begun hiring again. This is a promising sign, but it will take time to replace all of the jobs lost during the recession.

May 10, 2010
Daily Journal of Commerce

Pacesetters
Three NAI Norris, Beggs & Simpson employees are now Certified Commercial Investment Members.

May 9, 2010
The Columbian

People in Business
NAI Norris, Beggs & Simpson senior salesperson Doug Bartocci and associate vice president Garret Harper have obtained the certified commercial investment member designation.

May 5, 2010
CoStar

John's Incredible Pizza Expands in Portland
Family restaurant leases 46,000 sf in Tigard…John's Incredible Pizza is opening its first Northwest location in the Portland market. The family entertainment restaurant leased 46,000 square feet in the Washing Green Shopping Center in Tigard, OR. The grand opening is set for early 2011.

May 4, 2010
CoStar

Portland Industrial Sells for $1M
Portland Store Fixtures purchases 20,000-SF facility…Honeycutt Properties sold the industrial building at 211 S.E. Madison St. in Portland, OR, to Portland Store Fixtures for $1.05 million, or $52 per square foot.

May 2010
Oregon Business

Powerlist: Commercial Real Estate
NAI Norris, Beggs & Simpson placed No. 2 on this list, ranked by total number of licensed brokers.

April 30, 2010
Portland Business Journal

Real Estate Roundup
John’s Incredible Pizza, which operates 10 restaurants in California, will open its first Northwest location in Tigard. The company leased 46,212 square feet at the former Circuit City store at Washington Green Shopping Center, 9180 S.W. Hall Blvd.

April 28, 2010
CoStar

NAI NBS Earns Numerous CoStar Power Broker Awards for Performance in 2009
NAI Norris, Beggs & Simpson made a strong showing in the 2009 CoStar Power Broker Awards.

April 22, 2010
Lake Oswego Review

It's Not 'Doom and Gloom' on Lake Oswego's Kruse Way
However, a 23 percent vacancy rate exists for offices…Kruse Way has seen better days. A recent market report by Norris Beggs and Simpson showed that the Kruse Way corridor offices have a 23 percent vacancy rate. And the newest building, which opened in 2009, echoes for lack of tenants.

April 15, 2010
Daily Journal of Commerce

Why to Buy Now: Opportunities in the Commercial Real Estate Market
Few commercial buildings are being sold in the Portland-metro market. While many commercial real estate brokers are being questioned about great opportunities, it is difficult to find these opportunities and, more specifically, a purchaser willing to execute a transaction. With that said, many real estate professionals believe now is the time for owners-users/investors to take advantage of historic opportunities.

April 14, 2010
The Oregonian's Front Porch Blog

Big-box Filled: John's Incredible Pizza to Take Old Circuit City Space Near Washington Square
John's Incredible Pizza, a family entertainment restaurant with ten locations in California, has leased space in the Portland metro area to open its first restaurant in the Pacific Northwest.

April 14, 2010

John's Incredible Pizza Expanding Into Portland Metro Area
Premier Family Restaurant, Fun Center Leases Nearly 50K SF in Former Circuit City Across From Washington Square Mall…John’s Incredible Pizza, a family entertainment restaurant with ten locations in California, has leased space in the Portland metro area to open its first restaurant in the Pacific Northwest.

April 2010
Oregon Business

No Relief Yet for Commercial Real Estate
The rusting rebar at the stalled Park Avenue West construction site in the middle of downtown Portland tells only part of the story.

March 22, 2010
Portland Business Journal

Thirteen Vie to be Next Home to PDC
Thirteen local property owners want to lease space to the Portland Development Commission in a bid to revive historic buildings, fill empty ones or even get new ones built.

March 19, 2010
Vancouver Business Journal

Poised for Growth
Attractive lease rates a growth tonic for some retailers…Chuck Leidy and his wife, Gina, like a bargain. The Vancouver couple, owners of the recently opened Reo's Coffee and Hot Dog Emporium on Main Street in Uptown Village, spent the last eight years scooping up bargain-basement-priced restaurant equipment from estate sales, auctions and from online classified advertisements.

March 19, 2010
The Oregonian

Industry Notes
Norris, Beggs & Simpson Co., a commercial real estate firm, and Susan Stratton, an apartment management executive, have joined forces and founded NBS Multifamily Management, a company that will manage apartment communities of 100 units or more around the West Coast.

March 19, 2010
Vancouver Business Journal

Office Buildings/Parks
NAI Norris, Beggs & Simpson brokers lease some of Clark County's largest office buildings.

March 18, 2010
Daily Journal of Commerce

More to Commercial Property than Cap Rates
The capitalization rate is a quick way to calculate the return on an investment property, and makes it easy to compare prices. But in today’s commercial real estate market, an investor has to know much more about a piece of real estate than just the cap rate.

March 15, 2010
Daily Journal of Commerce

A-List Commercial Real Estate Firms
NAI Norris, Beggs & Simpson placed No. 2 on this list, ranked by number of local licensed brokers.

March 15, 2010
Daily Journal of Commerce

Sunset Corridor: Lots of Flex Space for Few Employees
Commercial real estate in the Sunset Corridor area of Washington County boomed with the tech bubble in 2000 and has slid ever since. Vacancy rates for “flex” commercial space, so named because it can accommodate manufacturing, office and research uses, have crept up to around 17 percent.

March 15, 2010
Daily Journal of Commerce

Vancouver: Retail, Office Activity Slow
In terms of retail and office real estate, 2009 was a tough year in Vancouver, Wash. Storefronts across the city have sat vacant while high unemployment rates plague the area.

March 5, 2010
Portland Business Journal

The Next Big Thing
Real estate experts predict future growth…The tools of the trade in commercial real estate are vast databases, research reports, mobile phones and maps. While experts use all these tools to help executives make smarter decisions about the future of their businesses, no one yet has an accurate crystal ball.

March 5, 2010
Portland Business Journal

NAI NBS Takes Home Three CAR Awards
J. Clayton Hering - Co-Humanitarian of the Year
Chris Johnson - Investment Broker of the Year
Garret Harper - Industrial Broker of the Year
Gina Barendrick - Runner Up, Rookie of the Year
Pam Lindloff - Runner Up, Retail Broker of the Year
Jennifer Medak and John Medak - Runners Up, Office Broker of the Year

March 5, 2010
Portland Business Journal

Who's Who: Jan Robertson
NBS Companies Chief Financial Officer and Partner Jan Robertson was featured in a Q & A in the Who's Who in Commercial Real Estate section.

March 5, 2010
Portland Business Journal

Top Commercial Real Estate Firms
NAI Norris, Beggs & Simpson placed Number 2 on this list, ranked by number of current metro licensed agents.

February 26, 2010
Portland Business Journal

Norris Starts Multi-Family Unit
Portland real estate powerhouse Norris, Beggs & Simpson Co. has teamed with a former executive from Harsch Investment Properties to launch an apartment management business.

February 22, 2010

NBS Companies and Stratton Launch NBS Multifamily Management
Norris, Beggs & Simpson Companies and Susan Bowlsby Stratton, a successful apartment management executive, have joined forces to found NBS Multifamily Management, a company dedicated to managing apartment communities of 100 units or more around the West Coast.

February 19, 2010
Daily Journal of Commerce

NAI Norris, Beggs & Simpson Names Top Producers
NAI Norris, Beggs & Simpson has named its top producers for 2009. Garret Harper of the firm’s Vancouver, Wash., office was named the top brokerage producer, followed by Jennifer Medak and John Medak in a tie for second place, Scott MacLean and Steve Dodds also ranked in the top five in that category.

February 18, 2010
Daily Journal of Commerce

Portland Industrial Property Values Fell in 2009, But Some Submarkets Performed Well
Those of us in the commercial real estate community are glad that 2009 is behind us. It was a difficult year for the market: Investors sat on the sidelines, tenants hung on as well as they could, owners did everything in their power to keep and/or attract tenants, and banks acted like admissions counselors at Harvard by finding new ways to say no and accepting only the best of the best.

February 14, 2010
KXL Newsradio 750

Business Briefing - Portland Commercial Real Estate Market
KXL Business Briefing host Brian Bushlach interviews NAI Norris, Beggs & Simpson Vice President and office broker Jennifer Medak about the state of the Portland commercial market.

February 14, 2010
The Columbian

People in Business
Garret Harper, a Vancouver industrial real estate broker, was named Top Producer of 2009 by his company, NAI Norris, Beggs & Simpson Commercial Real Estate Services, at the firm’s annual awards banquet, held Jan. 30.

February 13, 2010
The Columbian

Kmart to Close Sunday
Discount retailer ends 35-year run at Vancouver site; auto dealership planned…Kmart, which opened 35 years ago in central Vancouver, will close its doors for good at 9 p.m. Sunday due to sluggish sales.

February 12, 2010
Vancouver Business Journal

Movers & Shakers: Vancouver Industrial Broker Named Top Producer of 2009
Broker Garret Harper was honored as NAI Norris, Beggs & Simpson's Top Producer of 2009 at the company's annual award banquet Jan. 30. Harper was also promoted to associate vice president.

February 12, 2010
Portland Business Journal

Real Estate Roundup
Norris, Beggs & Simpson Companies honored its top producers at the firm's annual awards on Jan. 30.

February 10, 2010
Daily Journal of Commerce

More Builders, Bankers and Breakfast
More than 100 members of the construction and development community attended the quarterly Builder Banker Breakfast Tuesday at the Portland Marriott Waterfront Hotel.

February 5, 2010
The Columbian

192nd Avenue Shaping Up to Become County's Gateway to Growth
North-south corridor between east Vancouver, Camas poised for an explosion of development…Call it the Gateway to east Vancouver or the Entrance to west Camas — either label suits Southeast 192nd Avenue. The north-south corridor is on a development fast-track, despite the region’s slow-moving economy.

February 4, 2010
Portland Tribune

An Odd Way to Make a Sale
Kevin Cavenaugh looking to sell LEED Platinum building …You’d think, in hard times like these, Kevin Cavenaugh would know better. He’s trying to sell a building and he puts upa  sign outside that says, “Price: Millions. Seriously.”

February 3, 2010
The Columbian

People
Vancouver industrial real estate broker Garret Harper was named "Top Producer of 2009" by his company NAI Norris Beggs & Simpson commercial real estate at the firm's annual awards banquet held on Jan. 30.

February 2, 2010
Portland Business Journal

Feds Lease 250,000 Square Feet at First and Main
Portland’s newest office tower finally has a tenant. The federal government said Tuesday it will lease more than 70 percent of First & Main, a 16-story office tower under construction near the Hawthorne Bridge. The building will house workers displaced by the upcoming redevelopment of the Edith Green-Wendell Wyatt federal office building.

January 29, 2010
Vancouver Business Journal

Continuing Their Own Toy Story
Local couple set to open second Kazoodle store in East Vancouver…Downtown Vancouver toy store Kazoodles overflows like a spoiled child's bedroom, with everything from board games and books to other amusements like magic sets and musical instruments. And with a new location set to open in East Vancouver in March, there will be even more playthings to be had.

January 26, 2010
The Oregonian

Portland, Vancouver Apartment Vacancies Keep Rising
Apartment vacancy rates will continue to rise through 2010, and the trouble will be most acute in Clark County and Portland's downtown towers, according to apartment brokers and appraisers.

January 24, 2010
The Columbian

Forecast: Retailers Reset Expectations, Find Some Optimism
It’s no secret that the retail industry has suffered greatly during the economic downturn. In our 2009 forecast, we were just beginning to sense the consumer’s new spending habits with falling retail sales.

January 21, 2010
Daily Journal of Commerce

Industrial Property, Freight Movement and the Livability Plan: Are These Assets In Sync for our Future?
When a business looks for land to expand, or considers leasing or buying an existing facility, two questions arise. First, are affordable properties available? And second, will one of them work? Decisions we make today will irrevocably affect the answers.

January 21, 2010
The Columbian

C-Tran Could Sell Evergreen Park-and-Ride in E. Vancouver
Clark County’s bus agency is setting up a chess game to sell east Vancouver on higher sales taxes, and one of its pieces is the little-used Evergreen Park-and-Ride.

January 21, 2010
The Oregonian

Columbian Building Back in Spotlight With Release of Movie
The Columbian Building is ready for its close-up. The largely empty office building in downtown Vancouver will have a prominent role – along with actors Brendan Fraser, Harrison Ford and Keri Russell – in the movie "Extraordinary Measures," coming out Friday.

January 15, 2010
The Columbian

County Retail Sales Declined in 3Q
Big-ticket items sluggish, but other sectors saw growth…Clark County merchants were slightly better off than their statewide counterparts in last year’s third quarter, although contractors and manufacturers continued to suffer, according to a state report this week.

January 15, 2010
The Oregonian

Amberglen Sale Scrapes Bottom
A sprawling suburban office campus of brick and glass has sold for a price benefiting a used-car lot: Sixty percent off.

January 13, 2010
The Columbian

18th Street Business Park Sells for $2.12 Million
The East 18th Street Business Park in Vancouver was purchased this month for $2.12 million by real estate investor Stan Hubert of Canby, Ore.

January 13, 2010
Daily Journal of Commerce

Suburban Office Construction, Vacancy Hurting
Office square footage under construction plunged this past year in Portland-metro suburbs, falling to about 308,000 in the fourth quarter last year from nearly 756,000 a year earlier, according to a report on the metro area’s real estate markets.

January 11, 2010
OPB Radio

As Goes the Home Market, So Goes Commercial Real Estate
Oregon's housing market has suffered over the last couple of years, but the local commercial real estate market is enduring a similar fate. Kristian Foden-Vencil took a look at the market for office buildings, industrial parks, shops and apartment complexes, and found that in some areas, owners have experienced the biggest drop in value since the Great Depression.

January 10, 2010
The Oregonian

What's Next for Portland's Pearl District?
The little white sign went up last week near the famous blue and white logo, letting Adidas' customers know its Originals store in the Pearl District would close next week.

January 7, 2010
The Columbian

Downtown Group Gets $133K for Revitalization
Donation from six businesses will promote area…Vancouver’s Downtown Association has received a new round of funding to continue its ambitious plan to attract new businesses and draw visitors into the city’s core.

January 1, 2010
Portland Business Journal

After Rapid Growth, New Vestas Leader Confronts Stalled Market
Martha Wyrsch entered the U.S. wind turbine business at a time of declining demand.It was unfamiliar territory for Vestas A/S, the massive Danish wind turbine maker that hired Wyrsch in June to head its Portland-based North American headquarters.

January 2010
DJC Magazine

A-List Commercial Real Estate Firms
NAI Norris, Beggs & Simpson placed second on this list of Portland commercial real estate firms.

January 2010
Western Real Estate Business

NAI Brokers $8.3 Million Purchase Near Portland
NAI Norris, Beggs & Simpson has brokered Spears Real Estate LLC’s $8.275 million purchase of the 108,625-square-foot Quad 205 Business Park in Vancouver.

Winter 2010
Oregon Buildings

Portland Office Market Outlook 2010
The Portland metropolitan area office market has been challenged during this recession, with rising vacancy, lower rates and an abrupt slowdown in investment sales. But Portland’s economy remains vibrant and diverse.