Blog

October 9, 2020 Norris & Stevens, Inc., one of the largest locally-owned, full-service commercial real estate firms in Oregon and SW Washington, today announced that it has appointed David T. [...]

October 8, 2020 THE STANDARD WELCOMES UNION BANK TO 900 SW 5TH AVENUE TOWER IN PORTLAND, OREGON The Standard welcomes their newest retail tenant, Union Bank, who will occupy the 2,200 SF [...]

August 28, 2020 NORRIS & STEVENS, INC. BROKERS $2.6M OFFICE SALE IN PORTLAND, OREGON L & N Fifth, LLC and L & N Second, LLC recently completed the $2,600,000 purchase of an [...]

August 13, 2020 It is with great sadness that we share the news that Brian H. Bjornson, Chairman of the Board for Norris & Stevens. Inc., passed away on Tuesday, August 11, 2020 after an [...]

August 4, 2020 NORRIS & STEVENS, INC. BROKERS $18.335M SALE OF WESTWYND APARTMENT HOMES IN VANCOUVER, WA DURING COVID-19 Rise Properties (Westwynd) Limited Partnership, a REIT based in [...]

July 30, 2020 NORRIS & STEVENS, INC. BROKERS $2.8M INDUSTRIAL SALE IN MILWAUKIE, OREGON S.E. Moores II LLC has sold to SKMV Properties LLC the $2,800,000 multi-tenant industrial building of [...]

July 3, 2020 NORRIS & STEVENS, INC. BROKERS SALE OF $1.4M OFFICE BUILDING IN SE PORTLAND Confederated Tribes of the Grand Ronde Community of Oregon recently completed the $1,400,000 purchase [...]

June 30, 2020 NORRIS & STEVENS, INC. BROKERS $2.4M SALE OF 5.95 ACRES OF LAND IN HILLSBORO, OREGON Cedartree Hotels, Inc. recently completed the $2,400,000 purchase of 5.95 acres of land [...]

June 18, 2020 NORRIS & STEVENS, INC. BROKERS $1.025M SALE OF FAIRVIEW OFFICE BUILDING IN TIGARD, OREGON Ridge Path Properties LLC recently completed the $1,025,000 purchase of Fairview Office [...]

June 17, 2020 NORRIS & STEVENS, INC. BROKERS $2.6M INDUSTRIAL SALE IN NEWBERG, OREGON 2751 Wynooski Street, LLC recently completed the $2,600,000 purchase of an approximately 31,265 square [...]

April 16, 2020 NORRIS & STEVENS, INC. BROKERS $1.25M SALE OF FORMER UNIVERSITY OF WESTERN STATES OFFICE BUILDING IN NE PORTLAND, OREGON Hazelwood Healthcare LLC recently completed the [...]

At Norris & Stevens, Inc., we care about the health and safety of our clients, brokers and staff. As we continue to closely monitor Coronavirus (COVID-19) developments, we have taken steps [...]

March 13, 2020 NORRIS & STEVENS, INC. BROKERS $1.7M INDUSTRIAL SALE IN NORTHEAST PORTLAND, OREGON Mr. Daniel Puha, Ms. Gabriela Puha, and Mr. Daniel F. Bogdan recently completed the [...]

March 13, 2020 NORRIS & STEVENS, INC. BROKERS $8.63M SALE OF THE GARTHWICK APARTMENTS IN SE PORTLAND, OREGON Yellow Submarine, LLC recently completed the $8,630,000 sale of The Garthwick, an [...]

March 12, 2020 NORRIS & STEVENS, INC. BROKERS $5.3M SALE OF OFFICE BUILDING IN SOUTHEAST PORTLAND Mr. Paul R. Pierce and Ms. Joanne Fuller recently completed the sale of an approximately [...]

February 18, 2020 NORRIS & STEVENS, INC. BROKERS $4.55M SALE OF LAURELHURST HOUSE ASSISTED LIVING IN PORTLAND, OREGON LHH Property, LLC recently completed the $4,550,000 purchase of an [...]

February 3, 2020 NORRIS & STEVENS, INC. BROKERS $1.95M SALE OF 19,800 SF INDUSTRIAL PROPERTY IN MILWAUKIE, OREGON Bruno Ventures LLC and Brunello Holdings LLC, recently completed the [...]

January 24, 2020 NORRIS & STEVENS, INC. BROKERS $5.3M SALE OF TRI-DEV INDUSTRIAL PARK IN PORTLAND, OREGON PIR Whitaker Way, LLC recently completed the $5,300,000 purchase of an approximately [...]

January 6, 2020 NORRIS & STEVENS, INC. BROKERS $4M SALE OF 40 UNIT APARTMENT COMPLEX IN ALBANY, OREGON Maples 40, LLC recently completed the $4,000,000 purchase of The Maples apartment [...]

December 18, 2019 NORRIS & STEVENS, INC. BROKERS $1.6M SALE OF OFFICE BUILDING IN SOUTHEAST PORTLAND, OREGON Double Honey, LLC recently completed the $1,600,000 purchase of an approximately [...]

December 5, 2019 NORRIS & STEVENS, INC. BROKERS $2M LEASE AT SOUTH TRAILS CENTER IN BEND, OREGON Harbor Freight Tools USA, Inc. recently completed the lease of an approximately 15,277 square [...]

December 3, 2019 NORRIS & STEVENS, INC. BROKERS $1.35M LEASE AT SOUTH TRAILS CENTER IN BEND, OREGON Mountain’s Edge recently completed the lease of an approximately 10,567 square foot retail [...]

November 25, 2019 Cap Rates vs Interest Rates: The Effects on Value? by David C. Chatfield • Multi-Family Investment Broker Nearing the end of the second quarter of 2019, Capitalization Rates [...]

November 1, 2019 NORRIS & STEVENS, INC. BROKERS $4.3M SALE OF BRAEMONT TERRACE APARTMENTS IN BEAVERTON, OREGON Russell Hosner, LLC recently completed the $4,300,000 ($134,375 per unit) [...]

October 17, 2019 NORRIS & STEVENS, INC. BROKERS $10.25M SALE OF COLUMBIA SHORES OFFICE BUILDING IN VANCOUVER, WASHINGTON Bill Naito Company recently completed the $10,250,000 purchase of an [...]

October 14, 2019 HARRISON INDUSTRIES TO COMPLETE NEW 135 UNIT MULTI-FAMILY COMPLEX IN PRINEVILLE, OREGON Harrison Industries, a multi-family builder based in the northwest, recently began [...]

October 9, 2019 NORRIS & STEVENS, INC. BROKERS $1.7M RETAIL LEASE IN NW PORTLAND Barry’s, a lifestyle fitness brand with over 60 studios across the United States and abroad, recently signed a [...]

The latest edition of the Norris & Stevens Apartment Investors Journal is here! The Journal dives into all aspects of the apartment market in Oregon and SW Washington, including rent control, [...]

September 17, 2019 HOW HAVE PORTLAND METRO APARTMENTS FARED OVER THE LAST TEN YEARS? by Cameron Mercer • Multi-Family Investment Broker If you have been an apartment building owner since 2009, [...]

September 10, 2019 FINDING THE RIGHT APARTMENT INVESTMENT by Charles Conrow • Senior Broker Each investor will have its own specific needs and requirements. One will want pride of ownership, [...]

September 9, 2019 THE FED HAS CHANGED COURSE, GOOD NEWS FOR BORROWERS by Kirk Ward • Senior Multi-Family Investment Broker With seven quarter-point increases by the Fed in 2017-2018, the Fed [...]

September 6, 2019 ARE YOU READY FOR THE CHANGES IN YOUR FUTURE? by Brian Bjornson  •  Chairman   With a great number of legal changes that have occurred and will be affecting your apartment [...]

September 4, 2019 NORRIS & STEVENS INC. BROKERS $1.84 MILLION SALE OF FORMER CLINE GLASS BUILDING IN SOUTHEAST PORTLAND KBD Holdings, LLC, recently completed the $1,840,000 purchase of an [...]

September 3, 2019 NORRIS & STEVENS, INC. BROKERS $3,425,000 MULTI-FAMILY PROPERTY SALE IN VANCOUVER, WASHINGTON Ray Brussart recently completed the $3,425,000 purchase of an approximately [...]

August 13, 2019 NORRIS & STEVENS, INC. BROKERS $1,645,000 OFFICE SALE IN NE PORTLAND Wilken/Demarest, LLC recently completed the $1,645,000 purchase of an approximately 4,758 square foot [...]

August 7, 2019 NORRIS & STEVENS, INC. BROKERS $2,600,000 OFFICE SALE IN HILLSBORO, OREGON Pioneer Utility Resources, formerly known as Ruralite Services Corporation, recently completed the [...]

June 21, 2019 WEINGARTEN REALTY SELLS OAK GROVE MARKET TO CLACKAMAS FEDERAL CREDIT UNION Norris & Stevens, Inc. is pleased to announce that Clackamas Federal Credit Union has purchased Oak [...]

December 5, 2018 EAST VANCOUVER OFFICE PARK OWNED BY THE STANDARD  SOLD TO BUYER WITH NORTHWEST ROOTS Norris & Stevens, Inc., is pleased to announce that FKR Properties LLC has purchased [...]

June 8, 2018 NORRIS & STEVENS BROKERS THE SALE OF OFFICE / RETAIL COMPLEX AT PROMINENT CORNER IN PORTLAND, OR Norris & Stevens, Inc. is pleased to announce that EPC Holdings 929, LLC has [...]

June 4, 2018 NORRIS & STEVENS BROKERS THE PURCHASE OF OFFICE COMPLEX NEAR VANCOUVER MALL THE TIMBERS, VANCOUVER, WASHINGTON Norris & Stevens, Inc. is pleased to announce that Teevin [...]