New City of Spokane Ordinances Will Affect Multifamily Owners & Operators
New City of Spokane Ordinances March 2023 Two new ordinances (#36330 and #36366) were recently passed by the Spokane City Council, which will undoubtedly affect the financial position of property owners and landlords. Below is a summary of the main points from the new...
Industrial Space Demand Forecast
By: Omar Sadaoui, SVN Cornerstone Associate Advisor NAIOP released their Industrial space demand forecast for Q1 2023. Here at SVN Cornerstone, we continually monitor absorption levels, and expect a new wave of large Class A deliveries to hit the market in 2023...
Unlocking the Benefits of Owner Financing: Crafting Terms That Work For Everyone
By: Nate Gant, SVN Cornerstone Advisor Owner financing is becoming an attractive option for both buyers and sellers in today's lending environment. This financing method can make it possible for buyers to purchase a property without having to rely on a...
The Rise of Data Center Investment
By Cameron Williams, Director of Research, SVN International Corp. Despite the highly reported cutbacks many companies are making in the start of 2023, experts agree one area that none of these companies are cutting spending in is data center investment. With...
SVN Cornerstone Announces Sale of 6th Ave Office Building
Spokane, WA February 13, 2023 SVN Cornerstone is pleased to announce the sale of 1717 W 6th Ave for $1,300,000. At the time of sale this 10,400 sq ft class B office building was only 50% occupied. The buyer is pleased to purchase such a well maintained building just...
2023: The Year of Seller Financing in Multifamily
By: Nate Gant, SVN Cornerstone Advisor As interest rates climbed in 2022 and Spokane rents hit a ceiling in September 2022, we observed that what buyers could pay for a property decreased. Despite this, Seller’s price expectations remained the same. To resolve...