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HOPE Plaza Breaks Ground

Written by Luis Ramirez on May. 13th, 2022
SALEM- The Center for Hope and Safety officially broke ground on their ambitious new project, HOPE Plaza in downtown Salem. HOPE Plaza is a project that will create housing, opportunity, partnerships, and employment at the site of the old Greyhound Bus Terminal. On the first floor will be businesses that partner with the Center for Hope and Safety and that…
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2021 Office Market Recap

Written by Curt Arthur on May. 11th, 2022



Office absorption in Salem turned sharply negative during the pandemic-induced second and third quarters of 2020. Since then, sharp swings in occupancy have been prevalent, as tenants sort out space needs heading into the post-pandemic era. In Q2, 2021, the bulk of the leasing ac…

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Central Area Neighborhood Development Organization

Written by City of Salem on May. 10th, 2022
Central Area Neighborhood Development Organization- You’re already a member! A neighborhood is a group of residents, businesses, property owners, schools, agencies, and congregations within a designed geographical area. If you live, work, or own property in Salem, you are automatically a member of at least one NA (don’t worry, there aren’t any dues!).…
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Salem Residential Housing Market March 2022

Written by Sabrina Lowe-Dikeman on Apr. 5th, 2022

  If the last couple of years have proven anything, it is that life is full of uncertainties. But one factor remains the same: housing prices are on the rise. This non-stop trend has proven to cause significant stress for the home-buyer and has generated a windfall for homeowners. Despite this disparity, real estate activity has remained high and steady. 

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This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.

Written by Jacob Espinoza  on Apr. 5th, 2022
This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.     Name: Kelsey Oran   Title: Principal Broker & Partner at Hancock Commercial Real Estate   How do you define leadership?   I believe leadership is using one’s gifting’s to influence and elevate those around them. Leaders a…
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Supply Chain Disruption Slows CRE Development

Written by on Mar. 22nd, 2022

By Alex Rhoten, Principal Broker  Coldwell Banker Commercial Mountain West Real Estate   Delays and shortages in construction supply slow development and raise costs  Missing material and inventory slow commercial development. Supply chain disruptions are hitting the economy and putting multiple sectors into direct competition for raw materials. From the auto industry to commercial real estate (CRE), it looks like this will continue until at least 2023, and perhaps even longer. Just as extended waits for new cars a…

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Exit Strategies

Written by Trevor Howard and Zachary Reitan on Mar. 1st, 2022
In our business, we talk with a lot of people about a lot of things, but the most common conversation we find ourselves having is: “What happens when I sell”?  For a novice investor that likes to hold real estate, that’s an easy answer. Buy more real estate. These folks will typically leverage a 1031 Exchange to roll their equity into a larger property, or something that has more upside than their current asset.  For a house flipper, that’s even easier. Take the profit, pay your taxes, buy the next …
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Residential Real Estate Market: 2nd Quarter Report, 2021

Written by Jesse Lippold Peone III and Gladys Blum on Mar. 1st, 2022
This has been a big year for real estate so far in 2021 with a seller’s market, home prices rising at increasing rates, lowest interest rates we have ever seen, and also the lowest inventory we have seen in many years... 2021 has proven to be an interesting year in residential real estate. If you’re in the Real Estate industry, Construction, Development,…
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Commercial Real Estate: Local Monthly Report

Written by Amanda Zentz, CBCRE MarCom Director on Mar. 1st, 2022

We’re excited for the opportunity to be the first to share our observations on Salem’s commercial real estate market with the Salem Business Journal. As leaders in Salem’s commercial real estate community, we believe the City of Salem is on the brink of a great opportunity to create a safe, clean, interactive, and inclusive city for its businesses a

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A Pandemic of Real Estate Prices?

Written by Mayra Rocha on Feb. 11th, 2022

You may be wondering what will happen to real estate prices in 2022? 

Looking at the Willamette Valley Multiple Listing Services statistics, from December 2021 to Current, the average median Sales Price went up 2.6% making the median price $400,000. So, home appreciation has remained steady.

New listing inventory has risen 7.4% from a year ago January 2021 to today’s date. Homes have been on the market for an average of 48 days which has decreased by 14.3 % meaning they have closed with less time on the mark…

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