Congratulations to Michelle Rozakis for winning the Connect Media CRE award for 2020 Women in Real Estate!
Portland, OR and Vancouver, WA (October 6, 2020) – Privately owned and locally based commercial real estate firm, Capacity Commercial Group, continues to expand its operations, announcing the newest office located in the heart of downtown Vancouver, Washington. This comes during a year when the company has already joined forces with another brokerage firm and added a new Property Management division.
At the core of the new Vancouver office will be seasoned brokers Senior Vice Presidents, Charlie Kleier, Tamara J. Fuller, and Vice President, Eric Anderson. They will continue serving existing local and national accounts while expanding the company’s client base throughout the Region. After being with Colliers several years and establishing themselves as trusted advisors to their clients, their leadership at Capacity is an exciting addition to the company.
“We’ve experienced steady and continuous growth over the past year, enhancing our efforts to fulfill the needs of our business,” said Don Ossey, SIOR, Principal. “We appreciate the track record of the new team and are excited to have them join us;” said Nicholas Diamond, Principal, “by further establishing our footprint in Washington, the team will expand service to new and existing clients in the Pacific Northwest.”
Charlie Kleier has more than 30 years of experience in investment and commercial real estate. Before joining Capacity, Charlie was a partner in NAI Norris Beggs & Simpson prior to the subsequent sale to Colliers International. He has worked out of the Vancouver/SW Washington office since 1989, after starting his career as a commercial real estate appraiser. Charlie received the CCIM designation in 1992 and is recognized as selling more real estate in this market than any other broker to date. A strong community leader and advocate for youth development in SW Washington, Charlie has served on the Board of Directors for the Boys & Girls Club of SW Washington for 10 years.
With her over 20 years’ experience specializing in office sales and leasing, Tamara J. Fuller will continue to serve the Portland Metro and SW Washington region, having focused on Vancouver since 2001. Tamara attained the Certified Commercial Investment Member (CCIM) designation and was recently installed as the 2020-2021 Chair of the Board of Directors for the Greater Vancouver Chamber of Commerce. A few of her clients include: Vancouvercenter Development, LLC, WPC Broadway, LLC, Gramor Development, Holland Partner’s Group, Vesta Hospitality and United Grain. Tamara continues to be one of the top 5 office brokers in the Vancouver, Washington market tracked by CoStar.
Eric Anderson brings over 10 years of experience and will continue to represent Landlords and Tenants in the Vancouver and Portland markets as well as investment properties in the Pacific Northwest. Prior to joining Capacity Commercial Group, Eric worked as a Landlord and Tenant office broker, primarily focused on downtown Vancouver with focus on the new developments in the Waterfront area. Before returning to his hometown of Vancouver, WA, Eric lived in Kyrgyzstan with his wife Taylor for 2 years as a volunteer in the Peace Corps where he was an advisor to two NGOs when not exploring the beautiful mountains of Central Asia.
About Capacity Commercial Group: Local to Portland, Capacity Commercial Group has extensive experience in the market with a team of over 40 brokers licensed in Oregon and Washington. The individuals who comprise the Capacity team have a proven track record in the local market, with most having over twenty years of experience, more than 5,000 completed deals and over $3B total aggregate transactions. Information about Capacity Commercial Group is available at www.capacitycommercial.com
Charlie Kleier, CCIM – Senior Vice President, Capacity Commercial Group
Tamara J. Fuller, CCIM – Senior Vice President, Capacity Commercial Group
Eric Anderson – Vice President, Capacity Commercial Group
Congratulations to Mike Hale and Scott Kappes for their recent sale of 2200 NE Andresen Road in Vancouver!
This 43,808 SF building fell out of contract at the heart of the pandemic but the team managed to find a strong buyer who orchestrated a seamless transaction.
Industrial and flex properties continue to be popular assets to invest in.
For more information, contact:
Mike Hale, Vice President – 503.517.7129 | email@example.com
Scott Kappes, Principal – 503.517.9877 | firstname.lastname@example.org
Earlier this week, CREXi’s webinar on the Portland CRE Market featured our very own Nicholas Diamond. Together with John Olivier, Senior Vice President at Scanlon Kemper Bard, Nicholas discussed the state of the market in Portland and how brokerage is changing. You can watch the full episode with the link below:
Access Code: $2w!s6gz
On Feb. 24, Don Ossey was at Portland’s upscale Arlington Club putting ink to a merger between Capacity Commercial Group, where’s he’s a founding principal, and Real Estate Investment Group, another Portland real estate firm.
The next several weeks unwound the state economy as the new coronavirus worsened in Oregon. Portions of the commercial real estate industry took a beating.
The Business Journal recently spoke to Ossey about the merger, the state of commercial real estate and how the virus could reshape the office of the future. The interview has been edited for brevity and clarity.
To read the interview and see Don Ossey’s perspective on how COVID-19 is impacting the commercial real estate industry, click here: https://bizj.us/1q3rn6
This article has been reposted with permission from the author, John Kulla of the Daily Journal of Commerce.
A 97-year-old single-story warehouse slightly north of Portland’s Pearl District has received several renovations over the years. The latest one might be the most extensive.
The Premier Gear & Machine Works building, on nearly a full block bounded by Northwest 17th & 18th avenues and Savier and Thurman streets, is being gutted and transformed into creative office space. Sturgeon Development Partners is the developer. The project team includes LRS Architects, Lorentz Bruun Construction and Catena Consulting Engineers.
“Overall it’s an addition, square foot wise because we’re adding a second level,” Lorentz Bruun Construction project engineer Mark Drahota said. “Right now it’s about 40,000 square feet, and with the second level we’re going to add roughly 15-20,000 more square feet, so it will be roughly 60,000 square feet when it’s all said and done.”
The adaptive reuse project included a substantial seismic upgrade. Steel, buckling-restrained brace frames and shear walls were installed to connect the roof to the rest of the building.
The outside of the building is not going to experience wholesale change. That’s reserved for the interior, where crews are adding a mezzanine level, new entrances, new windows for the south side of the building and a large covered outdoor terrace.
The new design incorporates the building’s original features and pays tribute to the legacy through the additional space, which is being constructed with heavy timber – mainly glulam beams and columns and Douglas fir car decking flooring on the mezzanine level.
An elevated sky-bridge will connect the north and south halves of the mezzanine level, while an outdoor patio for tenant use will be notched into the building on the south side.
Construction crews are continuing to encounter remnants of previous building expansions, Drahota said.
“As we’ve dug into the building we’ve found different issues, old-school stuff,” he said. “That’s definitely been the biggest challenge.”
Different construction types were used for each projects, leading to some unique discoveries last summer during the demolition and abatement phase.
“There was asbestos abatement and little bit of lead abatement, but not very much,” Drahota said. “It was mostly just warehouse space, but there was some existing office space that had some stuff we had to do. But it definitely had to be taken care of. It was a lot of work to remove all the existing beams and clear the space.”
The building’s south side featured newer concrete tilt panels, but the older north side was mostly board-formed with a heavy timber interior. The latter featured some hefty 14-inch-by-30-inch solid Douglas fir beams carved from old growth that is long since gone.
“It’s a menagerie of styles,” Lorentz Bruun project superintendent Bruce Fabian said.
Approximately 150 window openings had to be cut into the existing concrete exterior walls as part of demolition, according to Fabian.
“At one we had four saws running at one time just to make schedule,” he said.
The there are vintage overhead gantry cranes, include at least three that formerly graced the warehouse. One will remain on its rails as a reminder of earlier times.
“A lot of the crane rails were supported by timbers, as well, an we actually left some of those existing crane rails up,” Drahota said.
But now, carpenters with Framing Force of Molalla are installing the last of the car decking flooring and glulam beams, while mechanical, electrical and plumbing subcontractors prep for rough-in work. Crews with Nuwave Concrete of Forest Grove are also on site finished the massive new floor slab.
Other members of the project team include: Humber Design Group, which performed civil engineering; MFIA Inc., which carried out MEP design and engineering; and Shapiro Didway Landscape Architecture.
Project completion is schedule for June 2020, although the COVID-19 pandemic could lead to that date changing.
Every quarter, Capacity Commercial Group conducts an in-depth analysis of recent market data for the Portland area, and provides a summary report to clients via newsletter.
Continue reading this blog post for an overview of the report including Portland Industrial Market: 2018 Third Quarter Key Statistics; Average Asking Lease Rates In Portland Area Market; Average Asking Sale Rates In Portland Area Market; and Capacity Commercial Group Overview.
Capacity Commercial Group is proud to be involved in community foundation initiatives! Read the link below to find our very own Don Ossey representing Capacity in the 9th annual ‘Golf for Joy’ fundraiser, an event that raised over $500,000 locally this year in support of the Children’s Cancer Association.
Way to go, Don!