Bluestone and Hockley Real Estate Services

UPDATED: 01-DEC-2005

Every day investors ask me to look at potential real estate investments to help them evaluate the quality of the investment decision. [...]

UPDATED: 01-NOV-2005

George was the owner of the 30,000 square foot Mercury Office Building. When he bought the building, he established that there was extra land for him to build an expansion of 5000 sq.feet. His key tenant, Mercury Running Shoes, was growing and if he did not expand the building, they were not going to renew their lease. [...]

UPDATED: 01-OCT-2005

Patrice is a property manager who is responsible for a portfolio of 400 apartment units at 9 locations. Every year as she gets ready to draft the budgets for her clients, she completes an exterior and interior inspection report for each property. [...]

UPDATED: 01-SEP-2005

This bill eliminates annual elevator inspections and allows for the frequency and the standards of elevator inspection to be determined by administrative rule. It also allows the elevator Board to set fees that are similar to fees currently being charged for elevator inspections. Most importantly we have a new category of elevator service contractor who is certified by the state and can, by virtue of the certification, submit that an elevator is safe. [...]

UPDATED: 01-AUG-2005

Often real estate brokers are faced with deals that do not come together. Owners of real estate properties are not too happy when that happens. With this article I thought I would discuss some of the reasons commercial lease transactions might not close, and suggest possible strategies to help increase the closing percentage. [...]

UPDATED: 01-JUL-2005

Welcome to Central Oregon — Lake County to be exact. I am gazing out the window of my cabin overlooking Summer Lake, one of the most beautiful places in Oregon. This is a county of deserts, forests, rangeland, lakes and cowboys. [...]

UPDATED: 01-JUN-2005

I just returned from a meeting in the wonderful town of Coeur D’Alene, Idaho.

Twice a year I have an opportunity to meet with other well-established real estate brokers and property managers to discuss the future of real estate investments. This time we discussed Capitalization Rates (CAP). [...]

UPDATED: 01-MAY-2005

It was 8:00 on an early September morning when Jen knocked on the manager’s door. “Mrs. Righthouse, please come to the door,” she called. Amanda Righthouse, the Spring Bloom Apartments onsite manager, answered the knock with a sleepy look. “How can I help you Jen?” she asked.[...]

UPDATED: 01-APR-2005

You may think that investing in real estate is simple, but you first must decide what your investment objectives are. This is equally important for sole owners of real estate, those investing in Tenant in Common investments (TICs), or those with limited or general real estate partnerships. [...]

UPDATED: 01-MAR-2005

Yesterday, Pam the manager of our Condominium/HOA department came into my office and casually mentioned that 20% of our homeowner/condominium association portfolio is currently engaged in some sort of construction defect litigation. This information did not catch me by surprise given the speed in which these properties have been constructed over the past five years. [...]