March 2024 Economic Update
Stay up to date with current and relevant CRE Economic Updates from SVN Research! 1. INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing...
Multifamily Owner Expenses: Utilities
In the third week of our Multifamily Owner Expenses series we are addressing: Utilities. For apartment owners, utilities include water, sewer, garbage, gas, electricity, internet, and cable. Apartment complexes built in the last few decades are typically separately...
SVN Cornerstone Announces 76 Acre Land Sale to Boise City for $20 Million
Spokane, WA March 27, 2024 John Hillier, Guy D. Byrd and the SVN Cornerstone team are proud to announce the sale of 76 acres of industrial land in Boise, Idaho. The subject property is located on South Eisenman Rd, on the southwest corner of Warehouse Way and Freight...
Multifamily Owner Expenses: Property Management
In the second week of our Multifamily Owner Expenses series we are addressing: Property Management. Property management has been a hot topic with many multifamily owners in recent weeks. Vacancy rates are rising, rents have tempered, and expenses have been increasing....
Multifamily Owner Expenses: Property Taxes
Over the next several blog posts, we are going to be addressing a series of expense line items that apartment owners incur such as property insurance, maintenance and repairs, and utilities. We will also discuss how we can improve the bottom line for owners. The first...
Good News for Multifamily Owners: Rent Control NOT Adopted by Washington State
The proposed Washington State senate bill (House Bill 2114) that would have initiated rent control if approved, died on Monday, February 26th in the Senate, as the committee declined to take further action. The proposed bill would have imposed the following: Rent...