Who’s On The Move? Week Ending 06/03/11

TechDex (apps|provider|hardware|var)

Central Business District

Ebay – Fifth Avenue Bldg | 1400 SW Fifth Ave | 28,000 RSF

Triton Technical – Postal Building | 510 SW Third Ave | 1,716 RSF sublease

Westside

Mobile Power Solutions – Twin Oaks | 1815 NW 169th Pl | 2,129 RSF expansion

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Baron Zeuthen Gutzler – Market Square |1515 SW Fifth Ave | 5,340 RSF

Robert J Neuberger – Union Bank of Cal | 707 SW Washington St | 3,629 RSF

Adecco – Bank of America Financial Ctr | 121 SW Morrison St | 3,621 RSF

Vancouver

General Conf Auditing Services – Park Tower Biz Ctr | 201 NE Park Plaza Dr | 3,048 RSF

DesignDex (A/E|apparel|graphic d)

Westside

Golder Associates – Oswego Town Square | 9 Monroe Parkway | 4,806 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

OHSU – Fifth Avenue Building | 1400 SW Fifth Ave | 6,000 RSF

Westside

Braden Partners – Parkside Biz Ctr | 7979 SW Cirrus Dr | 2,519 RSF

NonProfDex (charitable|education|trade assoc)

Central Business District

Oregon Community Foundation – 1221 SW Yamhill St | 22,264 RSF renewal

GovDex (government agencies)

Eastside

Oregon Dept of Human Svs – 305 NE 102nd Ave | 4,750 RSF

Westside

Metro Multifamily Housing Assoc – Fanno Creek Place | 16083 SW Upper Boones Ferry | 3,600 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Central Business District

Renewable NW Project – Commonwealth Bldg | 421 SW Sixth Ave | 3,138 RSF

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Who’s On The Move – Week Ending 4/15/11

GeneralBizDex (consulting|finance|insurance|legal|other)

Westside

Zarosinski-Leavitt Group – Parkside Biz Ctr | 8285 SW Nimbus Ave | 2,922 SF renewal

Bass Underwriters – 4000 Kruse Way Place | 1,504 SF

Central Business District

Northwest Title – 1410 SW Jefferson St | 3,950 SF

Affiliated Resources – River Forum I | 4380 SW Macadam Ave | 3,027 SF

Eastside

Peterson Law – Oregon Plaza | 825 NE 20th Ave | 2,507 SF

TechDex (apps|provider|hardware|var)

Westside

Zevez Corp – One Embassy Centre | 9020 SW Washington Sq Rd | 2,070 SF

Woodburn Computers – Pacific Plaza | 1531 N. Pacific Hwy | 1,009 SF

NonProfDex (charitable|educational|trade assoc)

Central Business District

Earth Advantage – Director Bldg | 808 SW Third Ave | 8,312 SF sublease

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Fourth Quarter Update for Portland Office Market

Here’s a brief summary of our Year End Review/Fourth Quarter Report on the Portland Commercial Real Estate Market.  None too shocking to anyone, 2009 finished out as one of the weakest years for activity on record, in particular for the retail sector.  Five things to consider:

1. The overall office vacancy rate is at 11.3%, considerably lower than the national average which hovers around 16%.
2. The downtown (CBD) vacancy should level off in coming months as GSA takes down large chunks of space (nearly 300,000 SF) making the options for larger tenants few and far between.
3. The retail sector is still experiencing fall out as national chains struggle to stay above red. Smaller, local boutiques and some franchises comprise what activity exists, taking advantage of great space at record low rates.
4. With the announcement of yet another solar firm setting up a manufacturing facility in the area (Gresham), alternative energy continues to keep industrial activity afloat, but slower over a three year period.
5. There is no Transformers Movie Sequel expected in 2010, thank you Hollywood!

If you would like a complete copy of the report, please contact us.

Office Lease Comps – Fourth Quarter 2009

Submarket         Class         SF            Mths         Rate       Abated Rent

Kruse Way            A          22,120       90             $23.00       7 mths

CBD                      B           11,600       52             $18.00        4 mths

Eastside               A           6,900         81             $21.75        3 mths

Old Town       Historic        6,400         60             $15.25        0 mths

Sunset Cor.          A           4,620         66             $18.00       9 mths

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Who’s on the Move? – Week Ending 11/21/08

After a lull in activity, there are a few companies making moves and “taking down” square footage. Alas, with this comes the sad news of layoffs here and there (Iovation and Strands as well as the closure of Ambric).  Try not to get too glum, Portland is still positioned to better endure this economic uncertainty than most other cities in the U.S.  In fact, Forbes ranked us the 4th best city to weather the economic storm (see Forbes.com).

TechDex (apps|hardware|provider|var)

Westside

Provider Advantage – 1915 NW AmberGlen Parkway | 5,157 SF

 

DesignDex (A/E|consulting|graphic d)

Westside

AFMS LLC – Lincoln Tower | 10260 SW Greenburg Rd. | 3,295 SF

 

PIECE OF THE PDX PIE! – November 2008

Creative Brand Communications – This snappy group of designers/strategists is growing super-fast by specializing (can you believe this?) on the financial services sector. Their collective experience within the industry has positioned them to help clients in the ailing sector deal with unprecedented challenges to get their message out to the market. Nice.

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Who’s Giving Back Square Feet?

Alas, in challenging economical times many businesses are faced with the tough decision of making cuts to their bottom line. In commercial real estate terms this often means either downsizing office space or subleasing. So, though it gives me no pleasure, we will also list the latest companies (within the industries we are tracking) who have made a decision to reduce operations/costs via office space adjustments (aka they are giving back square footage in the form of a sublease or direct lease availability).

TechDex (apps|hardware|provider|var)

Westside

 

Business Objects (SAP) – 13190 SW 68th Pkwy | 18,400 SF downsize

MagnaChip Semiconductor – 5285 Meadows Rd | 12,500 SF sublease

Tektronix – Building 58 | 2540 SW Alan Blumlein Way | 196,000 SF lease

Tektronix – Building 55 | 14200 SW Karl Braun Drive | 84,126 SF lease

Vancouver

 

Hewlett Packard – Building 1 | 18110 SE 34th | 64,580 SF lease

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