Creekside Commercial Realty of Yakima, Washington

Creekside Commercial Real Estate & Development is based out of Yakima, WA in one of the fastest growing regions of the country, Central Washington. Creekside Commercial is a full-service brokerage firm with an emphasis on retail development, leasing, sale/leaseback facilitation, and value-added investment/brokerage services. Our client base includes national tenants, franchisees of national brand concepts, as well as local/regional developers, tenants, and landlords. With a focus on Central WA, and a broad reach nationally, Creekside Commercial Real Estate and Development can help you or your Client, Envision Tomorrow.....Today!

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Multi-Family (Apartments) as a Hedge

Multi-Family (Apartments) as a Hedge Blog

by Chris G. Waddle @ February 01, 2010



Multi-Family has always been a relatively "safe" investment over the years, as evidenced by the significantly lower cap rates that properties in this sector have traded at in past years. (While many shopping centers have traded in the 6.5 to 7.5% range, quality apartments in the same MSA have traded under 5%.)
Now, in the current economic climate, and with many (or most) median income and lower families not able to qualify for a mortgage, apartments have become an even better investment.
Apartments are full, and experiencing little or no vacancy. The liklihood of credit loosening up ... Continue »
Real Quote
The economy depends about as much on economists as the weather does on weather forecasters."
-- Unknown
News

2009 Is Over.....Bring on 2010!
Posted January 01, 2010
2009 is over, and for most, that is welcome. This is especially true for most people involved in real estate, finance, and management. Creekside Commercial is now the lone office of Chris Waddle, but this hasn't changed much regarding volume. With a little over $7Million in volume for 2009, largely from a couple of key transactions such as the 2nd sale of the former Petco building to - more

48-Unit HUD Multi-Family Closes
Posted October 27, 2009
Chris G. Waddle of Creekside Commercial represented the Buyer of of a 48-unit HUD project-based apartment complex in Sunnyside, WA. The transaction closed October 23rd for $1,250,000 with Waddle representing the Buyer and CBRE representing the Seller. The Client has now purchased 108-units with Creekside Commercial as its representation, in the past 15-months - more

Subway Deal is Finally Complete!
Posted October 27, 2009
Subway and the Landlord have finally inked their deal for a 5-year lease on the hard-corner of 2nd Street and Yakima Ave in the former Hawkes Building. The current Tenant, State Farm, will vacate at the end of October 2009, with work to begin on the Subway space immediately. Chris G. Waddle represented both the Landlord and the Tenant - more

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