Prudential Commercial, a division of Prudential NW Properties, is pleased to announce that Prudential NW Properties has entered into a strategic partnership with Berkshire Hathaway’s HomeServices of America, based in Minneapolis, Minnesota.

Warren Buffet, CEO of Berkshire Hathaway, has quietly put together the nation’s largest provider of integratedreal estate services, with more than 14,500 agents in 21 states and Prudential NW Properties represents a substantial footprint in the Northwest.

Bert Waugh will remain CEO of Prudential NW Properties and Jason Waugh will remain as President and COO.  The company will continue to operate as Prudential NW Properties and the existing leadership team will remain in place.

Prudential Commercial is excited about the new synergy of being a Berkshire Hathaway /HomeServices of America affiliate and the opportunities for growth and networking across the Country.

For More Information Contact:

Tom Hanacek

Principal Broker/Managing Director

Prudential Commercial

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Posted in Commercial Real Estate, Economy | Tagged , | Leave a comment

A good friend in the business of commercial lending scared the stuffing out of me by predicting an eventual bank collapse in Europe.  Whether or not this occurs, Europeans are shifting money from European banks to the US for safety.  Specifically, they are buying our buying our bonds; hence our low interest rates.  Kind of a QE3 of sorts without having to print dollars.

My feeling is that this trend will continue into 2012 and some of the European money will find its way into our improving commercial real estate market as they seek something better than a 1.9% return that the 10-year currently offers.

Barring some major geopolitical problem (in addition to the European Banking Crisis), I am bullish on the commercial real estate market heading into 2012.

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Posted in Commercial Real Estate, Economy | Tagged , | Leave a comment

Even though I have nearly 27 years of commercial real estate accomplishments , it is still very gratifying to be endorsed, especially by a peer.

“If you are looking for help with your client’s in need of a commercial broker, feel confident in referring them to Tom Hanacek and his team.  My clients raved about how easy it was to work with Tom.  When their 1st choice of locations didn’t work out, Tom’s team was able to quickly find them a new location, that worked out even better.  It’s so great to have such an excellent team.”

Sharon Bruno, Pricipal Broker

Prudential NW Properties

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Posted in Commercial Real Estate, Tenant Representation | Tagged | Leave a comment

I am happy to announce that I recently represented Twist, a soft serve frozen yogurt shop, on a lease for 1,100 SF at the West Hills Plaza at NW Miller and Barnes Road in Portland.  This will be Twist first store and will feature the new trend towards customer self service, allowing the consumer to select from a number of choices in yogurt flavors and toppings.

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I am fortunate to announce that Pendleton just leased 5,000 SF at Lodi Stations Outlet Center in Lodi, Ohio.  The store opened in mid-May with a ribbon cutting ceremony where the mayor of Lodi cut the ribbon .  I am pleased to have represented Pendleton on this transaciton, and on over 20 outlet store transactions, nationwide.

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Posted in Commercial Real Estate, Outlet Centers, Tenant Representation | Tagged , | Leave a comment

At the Main Entrance to the Woodburn Company Stores

 I have been retained to lease The Pointe at Woodburn a new factory outlet center located at the main entrance to the Woodburn Company Stores.  Approximately 95%, or more, of all customer encounter The Pointe at Woodburn while driving into and exiting the Woodburn Company Stores.  

Besides the superior location, The Pointe at Woodburn offers fantastic exposure and visibility that is reserved for just a few tenants at the Woodburn Company Stores.  No only can we offer outlet tenants great exposure but we will offer base rents that will be less than the Woodburn Company Stores.  And, our extra charges alone will be an estimated $3-$4/Sf/YR less.

This is a great opportunity to trade off of one of the best outlet centers on the West Coast.

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Posted in Commercial Real Estate, Economy, Listings, Outlet Centers | Tagged , , , | Leave a comment

The 12003 NE Ainsworth Circle Flex Property has renewed their exclusive leasing agreement with Prudential NW Properties.  Prudential has added two tenants, Strength Fit and Brothers Electrical Contractors and has just one 3,000+ SF office space remaining.

12003 NE Ainsworth Circle

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Prudential Commercial has been selected as exclusive leasing agent for the Gresham Executive Center, a 27,000 square foot professional office complex located at 1217 NE Burnside in Gresham, Oregon.

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Strength Fit, the popular cross training fitness program, has leased 1,100 SF at 12003 NE Ainsworth Circle in Portland, Oregon.

Tom Hanacek and Jorie Girod of Prudential NW Properties Commercial represented Strength Fit and the owner, Eakin Family Trust.

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Posted in Commercial Real Estate, Listings, Tenant Representation | Tagged , , | Leave a comment

Athena Volleyball has engage Prudential NW Properties Commercial to find them a new home.  The ten year old club based in Beaverton, Oregon is looking for a 12,000-16,000 SF facility to purchase or lease.

Myself and Jorie Girod are handling the assignment.

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Posted in Commercial Real Estate, Tenant Representation | Tagged , , | Leave a comment