Commercial property, housing, construction and the changing local real estate market.
89 stories · Updated automatically as reporting is publishedThe Oregon real estate market is resilient despite rising interest rates, with November 2024 data indicating a strengthening trend. Average sale prices increased by 3.7%, and active listings...
Salem Business Journal285 Liberty St NE | Salem, OR 97301 Property Details Lease Rate: $0.20 - 4.00 SF/month (NNN) Year Built: 1954 Property Type: Retail Building Size: 80,724 SF Property Description The...
Salem Business JournalOregon Housing and Community Services announced a $165 million investment to address the affordable housing shortage, supporting eight developments that will create over 550 homes. The initi...
Salem Business Journal2425-2475 25th St SE | Salem, OR 97302 Property Details Sale Price: $3,300,000 Year Built: 1977 Property Type: Industrial Building Size: 15,000 SF Property Description Introducing 2425-2475...
Salem Business JournalThe Salem Housing Authority (SHA) received prestigious awards for transforming Yaquina Hall into supportive housing, providing 52 units for those experiencing homelessness and disabilities....
Salem Business JournalLocal investors have revitalized the old Liberty Plaza, transforming it into The Forge, a community-focused business hub. With diverse spaces including a family-friendly sports bar, women-ce...
Salem Business JournalProperty Description Own a piece of Salem's history with this impressive 43,280 SF office building. Originally built in 1912, this historic property features 34 separate leasable units, offe...
Salem Business JournalCoast Hospitality Management announced the completion of the structural framework for the Holman Riverfront Park Hotel in Salem, Oregon, a 127-room Hilton Tapestry Collection hotel set to op...
Salem Business JournalSalem's industrial real estate market shows diverse trends across zip codes. Central Salem has low vacancies and rising rents. South Salem faces elevated vacancies despite strong rents. Nort...
Salem Business JournalThe market is undergoing significant changes, driven by high inflation and rising interest rates. While Salem, Oregon is expected to remain stable due to its conservative growth patterns, th...
Salem Business JournalNew housing construction in the U.S. is declining, affecting first-time homebuyers. Despite a rise in multi-family units, median home prices remain high, peaking at $348,200 in early 2020. A...
Salem Business JournalSeveral developments are ongoing in Salem, including Checkpoint 221, a new food cart pavilion with 16 carts and a bar set to open by Christmas, and Travel Salem's relocation to a renovated f...
Salem Business JournalThe residential real estate market is still active despite cooling compared to previous years, with low inventory at 2.6 months. This is a favorable time for seniors to sell, leveraging home...
Salem Business JournalIn early August, the average national mortgage interest rate for a 30-year loan fell to 5.05% from 5.90%. However, following a sell-off in mortgage bonds, rates have since risen to 5.95%. De...
Salem Business JournalSalem's retail sector shows signs of recovery post-COVID, with notable developments in different zip codes. 97301 lacks new construction, showing slight rent declines. 97302 experiences low...
Salem Business JournalCommercial real estate is undergoing significant transformations due to changing consumer habits and needs. Vacant car dealerships, banks, and hotels are prime candidates for conversion to m...
Salem Business JournalTasha Brandon has co-founded Mortgage Marketplace in South Salem with Mike Gillett after identifying a need for better lending solutions in the community. They aim to provide competitive rat...
Salem Business JournalHome mortgage loans are crucial in real estate transactions, emphasizing the need for strong relationships among buyers, lenders, and realtors. Key factors affecting successful closings incl...
Salem Business JournalDeveloper Trent Michels is transforming north downtown Salem through The Cannery, a 13-acre mixed-use project promoting community, sustainability, and economic growth. This initiative includ...
Salem Business Journal
