News and info from Saratoga Commercial Real Estate
We are so excited to have Jared and Elliott as Asset Managers with Saratoga and feel that they both bring incredible skill and talent to our team. Here’s a little more about them: Jared Cernius Jared moved to Washington in the fall of 2022, seeking to live somewhere greener and lusher than his hometown of…
The sharp rise in interest rates has certainly affected all asset classes in the commercial real estate market. Across the board, we are seeing fewer transactions and rising cap rates for office, retail, warehouse, and even multifamily sales. Prior to 2022, multifamily assets were widely considered one of the most stable investment properties, boasting some…
Bellingham leadership is taking a new direction under the new Mayor Kim Lund. With this change in leadership comes new and exciting efforts that are directed at rebuilding a healthier, more vibrant downtown Bellingham. Since the pandemic, crime, an increase homelessness, vandalism, and rampant drug use have beleaguered downtown Bellingham, causing many businesses to consider…
In Washington State, a real estate brokerage license allows licensees to practice in both commercial and residential real estate. Saratoga has built a strong reputation on our expertise in commercial real estate, so while participating in the occasional residential transaction, we have largely focused on our commercial knowledge and proficiency. In 2023, however, we had…