November Program & Luncheon
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Portland's Industrial Market - A Look Toward the Future
The industrial sector serves as a leading indicator for the state of the commercial real estate market. Did you know that Portland's industrial market is HOT right now? And it's getting HOTTER: Our industrial market is tightening; supply is shrinking and demand is growing.
Join CREW and learn about Portland Metro industrial market fundamentals and what the future holds from four of Portland's top industrial real estate professionals.
Cliff Finnell, SIOR and Vice President at Kidder Mathews, specializes in leasing and sales of industrial and office properties on Portland's Westside. Cliff has almost 18 years' experience in brokerage and previously served as President of the Portland Chapter of SIOR. As a noted expert and award winning broker, Cliff has spoken and written numerous articles about the local market. Cliff is an active member of NAIOP, SIOR and the Westside Economic Alliance.
Paul Breuer, SIOR and Senior Vice President at Colliers, offers forty years of experience in the industrial and flex markets. His areas of focus includes land, building sales, leasing, marketing strategy and economic modeling. Paul earned the “Industrial Broker of the Year” twice and the “Bill Naito” award for Creative Transactions three times from Commercial Association of Brokers.
Scott Kappes, SIOR and Senior Vice President at Capacity Commercial, has been in industrial real estate brokerage since 1985. An award winning broker, Scott has been involved in the development and leasing of projects totaling over eight million square feet. Scott currently serves as the President of the Portland Chapter of SIOR.
Chris McLaughlin, Director of Preconstruction Services with Perlo Construction has been in the commercial construction industry since 1993. Recognized as an expert in regional construction costs, Chris will share his thoughts on current construction costs and the changes affecting speculative and build-to-suit construction.
The panel moderator is Rebecca Liddell, MAI and Manager of Kidder Mathews' Valuation Advisory Services (VAS) division. Rebecca has been involved in the valuation of commercial real estate on the West Coast since 2003 and is a CREW board member.
Join us for CREW's Annual Open House
Kathleen Buono, Project Manager, Perlo Construction
Kathleen Buono is an Oregon native and was born and raised in Portland. In fact, she lived in the same house in the Eastmoreland neighborhood between the time she was six months old to when she moved to Eugene to attend the University of Oregon. Kathleen spent five fantastic years in Austin, Texas, but, she missed the beautiful change of seasons in Oregon and returned to her roots. It was when she returned to Portland that she began her career in the commercial real estate sector as a commercial appraiser with Curtis Slocom (now Integra Realty Resources). Kathleen earned the prestigious MAI designation (Member of Appraisal Institute) in October, 2012. By then, she had been an appraiser for more than 15 years specializing in urban mixed-use, multi-family, retail and office properties. Some highlights to her appraisal career include the valuation of 200 Market, Riva on the Park, Machine Works Building, Grand Central Bowl, Montgomery Park, PacWest, the Commonwealth Building, and the Twelve West Building (the one with the wind turbines).
In 2013, Kathleen decided to make a career change. She loved the real estate business and being an appraiser, but wanted to find a new challenge. After several months of soul searching and informational interviews, Kathleen found the perfect job as a Project Manager with Perlo Construction’s Special Projects Group. In this position she spends her days managing smaller projects ranging from the $500 repair to the $300,000 tenant improvement. Wide-ranging can sometimes be an understatement with the Special Projects Group. In her first month on the job, she helped a property owner with a damaged concrete panel after a train backed into it, helped a client upgrade restroom shelving, provided a local manufacturer with an estimate for a new clean room installation, and helped estimate the renovation of a former florist shop into a bakery. It is the variety of projects, the teamwork, and the focus on customer service that she enjoys most in her new role.
Kathleen has been a member of CREW for more than 10 years. She is currently finishing out her fourth year on the Board and is in her second year serving as our Treasurer. She has been on many CREW committees over the years, including golf and sponsorship, and is a current member of the programs committee.
September Program Recap
|More Than an Encore to the Encore: Block 15 Condominiums
By: Veronica Lee, Interdent
Tiffany Sweitzer, President of Hoyt Street Properties, introduced a packed house to the Pearl District’s exciting new addition, known under the working name “Block 15”. The 28-story condominium tower, to be named The Cosmopolitan, is the first condo project to be built in seven years and will be the tallest residential building in the Pearl.
Designed with a distinctly Portland priorities, the building will feature energy efficient systems and materials throughout. Each until will have a striking view; nestled between the Tanner Springs and Fields parks, this project also has city, river and mountain views. The location, at the Northeast corner of NW Northrup and NW 10th, is located on the streetcar line.
Construction on the project commenced earlier in the year, and with the great recession behind us and a dwindling supply of new condos on the market, Hoyt Street felt the timing was right to break ground. This upscale building will also feature ground-level retail, continuing the mixed-use trend in the Pearl that Hoyt pioneered. Delivery of the residential and retail units is expected in Summer of 2016.