BC Group

Construction costs in Portland saw a modest rise of 0.72% during the second quarter of 2024, according to a report from Mortenson. The outlook for nonresidential construction is cautiously optimistic, with industry indicators pointing toward stronger market conditions in the near future. Although the availability of skilled labor remains a challenge in many markets, stability…

The affordable senior housing market is a critical segment of the real estate industry, addressing the needs of an aging population with limited financial resources. As the number of seniors continues to grow, so does the demand for affordable housing options that cater to their unique needs. Here’s a comprehensive overview of what you need…

Affordable senior housing is a hot topic and a trending niche in the commercial real estate industry. When embarking on a commercial real estate development project, particularly in specialized sectors such as affordable multi-family housing and/or senior housing, having an experienced advisor with experience in both can significantly enhance the project’s success. Here are the…

At BC Group, we’re excited to see what impact this will have and applaud the efforts taking place to encourage affordable housing. In a significant move to support housing development in Portland’s pricier neighborhoods, the Multnomah County Board of Commissioners, on a recent Thursday, approved a pivotal amendment that broadens the scope of Portland’s Multiple-Unit…

In case you missed it, the Portland City Council has recently taken significant steps to address the city’s housing development challenges through the Housing Regulatory Relief Project. While the impact remains to be seen, it’s a positive step to streamline the commercial project development process. This initiative seeks to reduce the financial and procedural hurdles…

Converting office space into a residential unit involves several considerations, including providing the necessary amenities to ensure comfort and functionality for the tenants. The specific amenities you can provide will depend on the size and layout of the space, local regulations, and the preferences of the residents. Experienced project teams and owner’s representatives can help…

Many factors influence how people think about and decide where to live. Traditional considerations include job opportunities, cost of living, the housing market itself, climate, educational quality, family ties and more. However, some of these traditional factors are shifting and residential developers, designers and others involved in the industry need to focus more on the…

The multifamily construction segment is still excelling, according to a recent report, but a nationwide housing shortage persists. The housing shortage can be attributed to various factors, such as population growth, limited construction of new housing units, zoning restrictions, and increasing demand for affordable housing. How can multifamily housing supply be so steady, when, per…

City centers are struggling to fill the gap left by commuters who now come into the office a few  days a week, if at all. These employees took advantage of downtown businesses, from restaurants to dry cleaners, and without them, these businesses are struggling or closing.   Converting vacant office buildings into residential spaces is an…

According to PricewaterhouseCoopers International Limited (PwC) and the Urban Land Institute’s Emerging Trends report, most commercial real estate professionals are reasonably optimistic about longer-term prospects.  While two straight quarters of declining gross domestic product indicate that the U.S. economy entered recession in the first half of 2022, other economic metrics do not support this conclusion.…

Time management is a very challenging aspect of managing business, let alone our lives. Managing your time is the best way to get things done throughout the day but never feel like you are falling behind. By staying ahead of the challenges that come from being short on time, project managers and construction advisors are…

Every project has its challenges. The bigger the project, the bigger the challenge. The fact is that large construction projects tend to have more headaches than others, particularly because of all the planning and management that has to go in each aspect. On a smaller, residential project, the general contractor or property manager would be…