Commercial property, housing, construction and the changing local real estate market.
86 stories · Updated automatically as reporting is publishedJosh Kay, a distinguished name in Salem's commercial real estate industry, exemplifies how patience, active listening, and mentoring can significantly shape a prosperous career. As an alumnu...
Salem Business JournalCorrection Notice: In our June 2023 feature, "Salem Business Legacy: Honoree George Grabenhorst Receives 2023 Oregon State REALTOR of the Year Award," we inadvertently misrepresented aspects...
Salem Business JournalConstruction bills in an Oregon legislative session are typically focused on prevailing wage, apprenticeship, and public contracting. However, this year dollars in federal spending bills com...
Salem Business JournalGeorge Grabenhorst, Senior Advisor at SVN Commercial Advisors LLC, has received the prestigious 2023 Oregon State REALTOR of the Year Award, in recognition of his exceptional leadership, pro...
Salem Business JournalIn the sprawling cityscape of Salem, a new star has risen in the realm of construction. Manny Cruz is a self-made businessman, entrepreneur, and contractor who has framed homes in...
Salem Business JournalThe Center for Hope and Safety has begun construction on HOPE Plaza in Salem, transforming the old Greyhound Bus Terminal into a hub for affordable housing and services for survivors of dome...
Salem Business JournalNavigating through the cascading figures and percentages of property values, Marion County, situated in the vibrant heart of Oregon, emerges with the unveiling of its 2023-24 Property Tax Ro...
Salem Business JournalSalem, Oregon has introduced a tax incentive, the Single Property Tax Increment Financing (TIF) District, to promote affordable housing development amid growing demand. This program offers p...
Salem Business JournalLast week, Oregon's House and Senate housing committees reviewed legislation focused on homelessness and housing production, notably Gov. Tina Kotek’s bills HB 5019 and HB 2001. These bill...
Salem Business JournalSalem's office market faced negative absorption during the pandemic, but improved conditions and a lack of new supply have led to recent rent increases and robust leasing activity. 2021 saw...
Salem Business JournalHousing prices are rising significantly, causing stress for buyers while benefiting current homeowners. In Salem, the market remains competitive with low inventory, pushing many to rent inst...
Salem Business JournalKelsey Oran, Principal Broker at Hancock Commercial Real Estate, defines leadership as using one's gifts to uplift others. She is proud of her team's resilience during pandemic challenges an...
Salem Business JournalSupply chain disruptions are causing delays and rising costs in commercial real estate (CRE) development, particularly due to shortages of materials like lumber and appliances. While these c...
Salem Business JournalThe Oregon State Legislature will reconvene in January to address Measure 110, which decriminalized possession of small amounts of hard drugs. Changes are anticipated, including stricter enf...
Salem Business JournalThe National Association of Hispanic Real Estate Professionals launched its Oregon chapter, NAHREP Western Oregon, to address local housing needs and support the Hispanic community in achiev...
Salem Business JournalSalem’s newest affordable housing unit opened its doors on January 30 during a ribbon-cutting ceremony. The project is called Sequoia Crossings (2950 Broadway St NE, Salem), which features...
Salem Business JournalOregon's efforts to tackle the housing crisis, despite significant financial investment and proposals like Senate Bill 1537, are hampered by a lack of focus on developing a skilled construct...
Salem Business JournalThe City of Salem has partnered with Edlen & Co. and deChase Miksis for the Block 50 redevelopment project, aiming to create a mixed-use community hub. This initiative will introduce ma...
Salem Business JournalThe House Committee on Housing and Homelessness approved House Bill 4058, aimed at enhancing transparency in real estate. Key provisions include mandatory written representation agreements f...
Salem Business JournalIn 2021, the real estate market experienced significant changes, characterized by rising home prices, low-interest rates, and minimal inventory. The Salem Metro Area saw a median home price...
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