The Vara Group

Labor Market Update - December 2024 🔹 November added 227K new jobs, rebounding from October’s dip. 🔹 Office sector shows promise: hiring trends and vacancy rates stabilize post-pandemic. 🔹 Consumer-driven sectors like education and health services added 112K jobs, boosting housing demand. 🔹 Fed rate cut likely, with inflation holding at 2.8%. 🔹 The economy ends 2024 strong, with over 2M jobs created and 2.7% GDP growth. Read Full Report: https://lnkd.in/eC7DeB3g Follow us for more insights! #Economy #LaborMarket #CommercialRealEstate #TheVaraGroup

We’re thrilled to welcome Jack Hinchcliffe and Kenidi Vogelgesang to The Vara Group! With expertise in industrial and office properties, Jack and Kenidi will be serving King County and Multnomah County, helping clients navigate their real estate needs with precision and dedication. Join us in giving them a warm welcome as they bring their talent, energy, and fresh perspectives to our team. #WelcomeToTheTeam #TheVaraGroup #KingCounty #MultnomahCounty

JUST CLOSED - The Heart Building | Seattle, WA ◆ Closed at a sub 5.75% cap rate and 92% occupancy ◆ Procured multiple qualified offers within the first two weeks of marketing ◆ Mitigated deferred maintenance items to close at 96%+ of the list price ◆ Relieved management responsibility and future capex costs for the Seller Deal Advisors: RJ Vara and John Marks For more information: https://lnkd.in/gH3BGPT4

FINANCIAL MARKETS & ELECTION UPDATE Read more here: https://lnkd.in/gH4R9ku8

JUST CLOSED - Tye Monroe Industrial Building - 17105 Tye Street SE | Monroe, WA ◆Represented buyer as part of a 1031 exchange ◆Increased buyer's income 209% compared to down leg sold by The Vara Group ◆Purchased well below replacement cost ◆Locked in sub 6% financing for 10 years and 5 Years IO Deal Advisors: RJ Vara For more information: https://lnkd.in/gH3BGPT4 #thevaragroup #thevaragroupcre #cre #justclosed #industrialcre #Industrialrealestate

JUST LISTED – James Center Plaza -1628 S Mildred St | Tacoma, WA Investment Highlights: • 93.4% Occupied with 28% Rental Upside • 17,987 VPD • Strong Historical Occupancy • Passive NNN Leases • Ample Parking • Recent Surge in Residential Development Deal Advisors: RJ Vara, Matthew R. Herman and Mike Babicz For more information: https://lnkd.in/ggFwHYrZ #thevaragroup #thevaragroupcre #cre #justlisted #officecre #officerealestate

JUST CLOSED - Harbor Place Professional Center - 22024 Marine Drive S - Des Moines, WA ◆Sourced multiple offers ◆Secured Local owner-operator looking for more office space ◆Achieved 97% of list price ◆Closed at $273.72 per SF Deal Advisors: RJ Vara, Matthew R. Herman and Anne Moxon For more information: https://lnkd.in/gH3BGPT4 #thevaragroup #thevaragroupcre #cre #justclosed #officecre #owneruserealestate

Despite Soft Hiring, Consumer Resiliency Aiding Multifamily and Retail Properties Read more here: https://lnkd.in/grnYQaNJ

JUST CLOSED - Bremerton Business Park - 5943 WA-303 and 5959 WA-303 - Bremerton, WA ◆Closed at a 6.1% cap rate ◆Procured multiple offers ◆Sold to a local investor ◆Seller to 1031 exchange and increase cash flow by over 30% Deal Advisors: RJ Vara and Mike Babicz For more information: https://lnkd.in/gH3BGPT4 #thevaragroup #thevaragroupcre #cre #justclosed #industrialcre #industrialrealestate

Sector’s Strength Coincides With Monetary Policy Shift That Could Prove Vital to Consumer Spending, Investment Activity and Retailer Demand Read more here: https://lnkd.in/g7QWJRY4