Elliot Rask and McCoy Doerrie facilitated an exciting off-market acquisition for an 11,490 SF office and medical building in the heart of Tigard. North Point Wealth Management bought the property during a period of extremely limited supply. Thanks to the leveraged knowledge and expertise of Elliot and McCoy, North Point was able to secure a well-located facility under an SBA loan with low interest rates.
Crystal Finch Logistics, located at 7220 NE 47th Avenue in Vancouver, WA, has just hit the market. The project is expected to deliver in Q2 2023. This prime +/- 78,000 SF building with build-to-suit office.
1915 NW 26th Avenue is a divisible 1,390 SF space spanning two storefronts with the possibility to be converted into a live / work space. With high ceilings, there is also the possibility of adding a mezzanine. Retail signage opportunities, a secured and covered off-street parking space, large front windows, abundant natural light, and access to amenities along NW 23rd Avenue make this property a rare gem. It’s only a block away from a bus line and has immediate access to Hwy 30 and NW Vaughn Street.
As of the end of Q2 2021, we're seeing construction costs reaching all-time highs, lease rates continuing to increase, and land prices climbing due to a lack of supply and an abundance of demand.
With the rise of inflation due to federal COVID relief packages, landlords are considering signing new leases with annual increases tied to the Consumer Price Index (CPI) instead of the traditional 2-3% increase.
Additionally, businesses are encountering a huge challenge with a lack of skilled labor.
To learn more about the status of the Industrial Market, view our newsletter here.
Capacity Commercial Group’s very own Nicholas Diamond joined the Portland Business Journal’s 2021 Forty Under 40 list. He serves as a Partner and Principal Broker for our firm and has spent the last 16 years working with his father and mentor, George Diamond, to secure a place for himself amongst Portland commercial real estate industry. Over the course of his career, Nick has so far been involved in over 1,000 transactions totaling over $1 billion.
Nick is pictured above with his wife and two daughters enjoying all that the Pacific Northwest has to offer.
To read the full interview and learn more about Nicholas Diamond and his career, visit the Portland Business Journal website here.
July 1, 2021
Commercial real estate brokerage firm, Capacity Commercial Group LLC, has facilitated a new lease with WPC Broadway and Allen Gabriel, MD. Relocating his practice from the PeaceHealth Campus on Mill Plain, Dr. Gabriel will occupy an office at 703 Broadway, a premier 7-story, Class A office building in downtown Vancouver, Washington. Watch for coming announcements about the grand opening this Fall. "We are so excited to welcome Dr. Gabriel and his team to downtown Vancouver. They will be an influential addition to our growing and robust downtown professional and business community," said Tamara J. Fuller, CCIM, Senior Vice President at Capacity Commercial Group LLC. "We're very happy to have Dr. Gabriel join Vancouver's thriving downtown area and we know he, his team, and his clients are going to love their new space," said Eric Anderson, Vice President at Capacity Commercial Group LLC. Dr. Allen Gabriel said, "We are excited to be relocating to the Downtown Vancouver area and we are looking forward to adding our expansive services in plastic surgery and med spa. It has been an honor to serve the Vancouver / Greater Portland area for the last 13 years and we look forward to continuing these efforts in the new location." "We are happy to welcome Dr. Gabriel and his team to 703 Broadway. As one of the area's top surgeons, we are ecstatic that he chose our building to expand his practice," said Jared Watumull, Vice President of Watumull Properties. About Allen Gabriel, MD: As a board-certified plastic surgeon serving Vancouver, WA, Portland, OR, and beyond, Dr. Gabriel is adept at addressing a wide range of procedures, from cosmetic surgery to reconstruction. Dr. Gabriel is a member of the American Society of Plastic Surgeons and has honed his approach over the years to an internationally recognized level of artistry and passion for education. For more information about Allen Gabriel, MD, visit www.allengabrielmd.com. About Watumull Properties Corp.: Watumull Properties Corp. is a real estate company based in Hawaii. For more than 20 years, the company has been developing an expansive portfolio of commercial buildings strategically located throughout the Portland and Vancouver markets. For additional information, please contact J.D. Watumull at 808.971.8800. About Capacity Commercial Group LLC: Capacity Commercial Group is an owner operated private company founded in 2004 with its corporate office located in Portland, OR and a branch office in Vancouver, WA. Over the last decade, the company has been named one of the Fastest Growing Private 100 Companies by the Portland Business Journal multiple times. Information about Capacity Commercial Group is available at www.capacitycommercial.com. Media Inquiries: Tamara J. Fuller, CCIM Senior Vice President Capacity Commercial Group 360.946.4832 email@example.com Eric Anderson Vice President Capacity Commercial Group 360.946.4831 firstname.lastname@example.org
Vancouver, WA (May 27, 2021) –Commercial real estate brokerage firm, Capacity Commercial Group LLC, has represented Watumull Properties Corp in the lease for CalPortland’s relocation of their Oregon/SW Washington Materials Division Office from Portland to a 9,274 square-foot office at 703 Broadway, a premier 7-story, Class A office building in downtown Vancouver, Washington. The addition of this newest tenant increased the occupancy of the building to 100 percent, and all parties are extremely happy with this new relationship.
“We are thrilled to welcome CalPortland into downtown Vancouver adding to our robust office community,” said Tamara J. Fuller, CCIM, Senior Vice President at Capacity Commercial Group. “We’re seeing more companies recognize the pro-business environment and livability of downtown Vancouver,” said Eric Anderson, Vice President at Capacity Commercial Group, “We look forward to seeing more great companies like CalPortland come to Vancouver.”
Doug Anderson, Vice President General Manager at CalPortland said, “We are very excited to move our local corporate office to the thriving Vancouver downtown sector.” Andrew Wilk and Associates, LLC, represented CalPortland in this transaction.
“I think it’s a testament to the strength of the Vancouver Market that this lease was negotiated and signed in 2020,” said Jared Watumull, Vice President of Watumull Properties, “We are excited to welcome CalPortland to our portfolio, and we remain bullish on Vancouver.”
About CalPortland: CalPortland Company is a major producer of cement, ready mixed concrete, aggregates, concrete products and asphalt in the western United States and Canada. Founded in 1891 with the principle of providing unsurpassed quality, CalPortland remains a leader in the industry through its commitment to quality, safety, customer service, technical excellence, and environmental leadership. The company maintains its headquarters in Glendora, California and operates in the Western U.S. and two Canadian Provinces. For more information about CalPortland Company visit www.calportland.com.
About Watumull Properties Corp: Watumull Properties Corp. is a real estate company based in Hawaii. For more than 30 years, the company has been developing an expansive portfolio of commercial buildings strategically located throughout the Portland and Vancouver markets. For additional information, please contact J.D.Watumull at 808.971.8800.
About Capacity Commercial Group LLC: Capacity Commercial Group is an owner operated private company founded in 2004 with its Corporate Office located in Portland, OR and a Branch Office in Vancouver, WA. Over the last decade, the company has been named one of the Fastest Growing Private 100 Companies by the Portland Business Journal multiple times. Information about Capacity Commercial Group is available at www.capacitycommercial.com
| Media inquiries:|
|Tamara J. Fuller, CCIM|
Senior Vice President
Capacity Commercial Group
Capacity Commercial Group
Despite the global pandemic, the Portland Industrial Market has shown some promising signs of continued growth. Click the image below to view our complete Q1 2021 newsletter to find out more.
For more information, contact Capacity Commercial Group: