by Karli Schwab | Nov 17, 2023 | Blog, News
The Washington State Clean Buildings Act was passed in 2019 with aims to reduce greenhouse gas emissions in the state by targeting commercial real estate buildings, as these buildings account for around 27% of emissions. Building owners are now required to reduce...
by Karli Schwab | Nov 10, 2023 | Advisor Insights, Blog, CRE Trends
Two new laws were passed in July of 2023 regarding mobile home park sales in the state of Washington. 1. Owners of mobile home parks who are interested in selling are now required by law to provide Notice of Opportunity to Compete to all tenants of their mobile home...
by Karli Schwab | Nov 1, 2023 | Advisor Insights, Blog, CRE Trends
The multifamily asset class was considered a strong bet in CRE investment for many years. In the last year, this asset class has found itself in a state of transition, as multifamily lending has become more and more challenging. Several factors including rising...
by Karli Schwab | Nov 1, 2023 | Blog, CRE Trends
Reach out to an SVN Cornerstone Advisor today to learn more about how we can help you navigate the current CRE...
by Karli Schwab | Oct 26, 2023 | Advisor Insights, Blog
Sale Details: Sale Price: $3,450,000 Size: 22,680 SF Price/SF: $152 Cap Rate: 4.73% Transaction Highlights: 25 unit apartment complex Value add opportunity Strong tenant profile (650+ credit scores and income 3x rent) Located within walking distance to regional...
by Karli Schwab | Oct 19, 2023 | Advisor Insights, Blog
We are seeing properties “For Rent” far more in 2023 compared to recent years. As we look through rent rolls, we are routinely seeing vacancies that equate to 10% or higher. Just this week, a conversation with one of our most trusted clients revealed that he currently...
