by Spencer Marona, Managing Director
The office and industrial sectors are firing on all cylinders as employers like Nike continue to grow at rapid paces. Manufacturing jobs are on the rise and we all know someone who will utilize e-commerce for their holiday shopping. The tech sector is going gangbusters and in a recent blog post found here, I discussed the positive impact of employment growth for multifamily investors.
Below are links to more recently published articles from the Portland Business Journal demonstrating that it is a good time to be an owner of a multifamily property. However, before clicking on one of the links think about any discussions or conversations you may have during the holidays regarding your multifamily property with family, friends, or business partners. The holidays often set the stage for goals, resolutions, changes, decisions, etc., going into the new year.
Here are some questions to think about as we approach the end of 2014:
- Where would you like to be next year, 5 years, or 10 years with respect to your property or real estate portfolio?
- What are you doing to maximize the value of your property?
- How do you think your property compares to others in your market?
- What is most important to you about owning that property (cash flow, equity buildup, appreciation)?
- If you chose to sell, what would you do with the proceeds?
Contact an HFO broker to discuss your investment property goals or how the employment sector will continue to impact the value of your property.
Nike expansion plans grow, construction set to start in 2015
Kish, M., (2014). "Nike expansion plans grow, construction set to start in 2015", Portland Business Journal. November, 19, 2015. Available at: http://www.bizjournals.com/portland/blog/threads_and_laces/2014/11/nike-expansion-plans-grow-construction-2015.html
Portland tech startups get lesson on navigating real estate jungle
Spencer, M., (2014). "Portland tech startups get lesson on navigating real estate jungle", Portland Business Journal. November, 18, 2014. Available at: http://www.bizjournals.com/portland/blog/real-estate-daily/2014/11/portland-tech-startups-get-lessons-on-navigating.html
Nike buys out tenant early, giant expansion project nears
Kish, A. (2014). "Nike buys out tenant early, giant expansion project nears", Portland Business Journal. November 17, 2014. Available at: http://www.bizjournals.com/portland/blog/real-estate-daily/2014/11/nike-buys-out-tenant-early-expansion-project-nears.html
Hacienda gets $18M to build out in Southeast Portland
Giegerich, A. , (2014). "Hacienda gets $18M to build out in Southeast Portland", Portland Business Journal. November 17, 2014. Available at: http://www.bizjournals.com/portland/blog/2014/11/hacienda-gets-18m-new-reasons-to-build-out-in.html