LaeRoc Discusses "Flipped" Properties

In the residential real estate market, there have been times where people may have been able to buy properties at a low price, renovate them in some way, and then sell them to another buyer within a short period of time. "Flipping" properties, as this practice is known, allows investors to make a return on an investment that may be held for a shorter time than otherwise thought.  While commercial investors, such as LaeRoc sometimes flip office buildings in this way, it's more common for commercial real estate to move at a more sedate pace.

LaeRoc looks for properties that have a good tenant history and good "bones." These are buildings that are typically located near the center of major metropolitan areas, and they're often home to long-term business tenants who need easy access to their clients and potential customers. Buildings like this can change hands due to a variety of circumstances. LaeRoc has picked up investments due to financial hardships of the companies that owned the buildings, but LaeRoc has also picked up buildings that were in good shape, with good tenants, but that had owners that needed to sell their assets for a variety of reasons.  Each asset is different.

LaeRoc looks for properties in good condition and that have a good tenant mix.  An orderly pace to purchase, management and disposition is a practice within the industry, and one LaeRoc looks to.

LaeRoc Discusses Portland Building Buy

In 2008, LaeRoc purchased the American Bank Building located in downtown Portland. The American Bank Building is a 163,000 square feet of office space in downtown Portland. The property was over 90 percent occupied at purchase and is well located on Pioneer Square, a central location in the community.

Due to the influence of television shows like "Portlandia," "Leverage" and "Grimm," Portland has become much more familiar to people scattered all across the country. These shows tend to focus on character development, not real estate prices or city livability, but viewers are still able to see sweeping shots of the Portland skyline, and the shows seem to imply that Portland is a place where major action happens. Portland has also become a mecca of sorts for people who are young, creative and educated. People like this tend to open up their own businesses, according to LaeRoc, and when they do so, they need their own office spaces in order to complete their work. Portland has gone thru a major rejuvenation and development and this revitalization has encouraged many people, young and old, to consider moving into downtown Portland to live and or work.  Well-located office space can benefit from revitalization along with the new train and public transportation infrastructure the city has put together in recent years.