FEATURED LISTING
Brand new construction multi-family in South Salem. Built by a prominent local developer. The parcel totals .37 acres and is comprised of 4 buildings which are each optimized for efficiency and function and built to maximum unit density allowed by the City of Salem. Each unit functions with a main level featuring two private garages and a private entrance to the common area to access the 2nd and 3rd floor units, along with a private entrance to the main level studio bedroom. Walking distance to area retailers like Starbucks and Roth’s Fresh Markets.
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RECENT CLOSINGS
100% LEASED 3710 PORTLAND RD NE, SALEMJosh Kay & Ruth Dana Represented the LandlordFCRE successfully facilitated the lease transaction for the Willamette Education Service District’s new Recovery High School initiative, one of only three such schools in Oregon. This initiative, funded by the Oregon Department of Education, is a critical part of the Oregon Recovery High School Initiative (ORHSI), dedicated to providing a safe, sober, and supportive gold standard education for youth in recovery. Through this program, students are equipped with the personal, academic, vocational, and community skills essential for long-term success. By securing an optimal location, FCRE ensured the school has the necessary space to nurture and empower its students. This lease exemplifies FCRE’s commitment to fostering long-term, community-focused partnerships that positively impact the lives of youth in recovery across the region. | SOLD 360 – 370 STATE ST, SALEMJennifer Martin & Conrad Venti Represented the LandlordFCRE’s Jennifer Martin and Conrad Venti were honored to represent the long-time owner in the sale of the historic Cooke’s Stationery building in downtown Salem. The buyer, a local developer, is currently undertaking a comprehensive historic renovation, skillfully integrating modern infrastructure with the building’s original elements and finishes. Once complete, the building will feature new living units on the second level, with two retail spaces available on the street level. Jennifer and Conrad are now actively working to secure retail tenants for these spaces, which offer 3,060 and 3,672 square feet of prime commercial real estate. This project reflects FCRE’s ongoing commitment to revitalizing Salem’s historic properties while supporting the community’s growth and development. LEASING INFORMATION |
THE FED
Jerome Powell Speaks
Federal Reserve Chair Jerome Powell enthusiastically signaled that two more interest rate cuts are likely this year, with smaller quarter-point reductions expected if the economy performs as anticipated, a shift from the more aggressive half-point cut made recently. Powell emphasized that the Fed will continue to balance reducing inflation with supporting the labor market, relying on incoming data to guide decisions without a preset course.
COMMUNITY SPOTLIGHT
Isaac’s Room Birthday Benefit
Join us on October 18, 2024 at The Salem Convention Center
for an evening to benefit Isaac’s Room
Doors/Silent Auction 5:00pm
Dinner 6:00pm
Program 6:45pm
CLICK HERE TO PURCHASE YOUR BIRTHDAY BENEFIT TICKETS
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