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Colin Russell | Colliers | Portland

Colin Russell

Vice President

License # 200810006

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About

Professional Summary

Colin Russell has been an active member of the commercial real estate industry for the past 14+ years. His areas of expertise include landlord and tenant representation, investment sales, acquisitions and dispositions, and the sale of land for future development. Over his career he has represented a mix of local and national clients throughout the Portland Metro area.

Prior to joining Colliers in 2020, Colin spent nearly 11 years as a Broker with locally owned Macadam Forbes, focusing on leasing and sales for both industrial and office assets. Preceding brokerage, Colin interned at Cushman and Wakefield and also worked in property management for Commonwealth Partners, where he contributed to the LEED Certification of Portland's KOIN Tower.

 

Accomplishments

  • Between 2019 and 2020 Colin had a gross sales and lease transaction consideration of over $62,000,000
  • In 2014, Colin contributed to the three building Premier Press 1031 Transaction by bringing in the Buyer to purchase over 110,000 SF between two buildings. The transaction’s total volume was $23,400,000 and went on to win the 2015 Commercial Association of Brokers Bill Naito Award (Transaction of the Year).

Education

Oregon State University - Bachelor of Science in Business Administration

Memberships & Involvements

Commercial Association of Brokers of Oregon and SW Washington

Services

Service Lines

Landlord Representation, Tenant Representation

Property Type

Industrial

Featured Research

Jan 11, 2023

Portland Industrial Market Report Q4 2022

Net absorption of Industrial space across the Portland market equaled 1.5 million square feet in the final quarter of 2022. Over the last 12 months, net absorption totaled 4 million square feet, a 25% increase over the prior 12 month period. As a result of the continued trend of positive net absorption, the total vacancy rate fell from 3.7% to 3.4% in Q4 2022.
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Oct 11, 2022

Portland Industrial Market Report Q3 2022

Demand for industrial space in the Portland market remains elevated through Q3 2022 with 766,000 square feet of net absorption occurring during the quarter.
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Jul 13, 2022

2022 Q2 Portland Industrial Market Report

Portland’s industrial market continues to grow as developers look to meet demand and larger projects begin to deliver. Through Q2, more than 1.6 million square feet of new construction has been delivered. These deliveries are primarily driven by Warehouse-Distribution product, which accounts for 95% of the square footage delivered year-to-date. The remaining development pipeline remains robust with 9.8 million square feet currently under construction, 3.2 million square feet of which is specualtive. It should be noted that 3.9 million square feet of the 6.7 million built-to-suit pipeline can be attributed to Amazon and Trammell Crow’s Project Basie in the Salem area. A first for both submarkets, the average direct asking rate on a triple net basis (NNN) for all product types in the Westside and Clark County submarkets has surpassed $1.00 per square foot. Both submarkets are also development hotspots with 3.4 million square feet under construction. Market-wide vacancy rates for all product types remain relatively unchanged from the prior quarter, but compared to the halfway point of 2021, vacancy has fallen by 100 basis points to 3.9%. Headlining the notable sales for the quarter was Melvin Mark Companies and junior venture partner Becker Capital Management’s sale of a six-property portfolio in Tualatin, which serves as the Pacific Food headquarters. This portfolio, which totaled 158,000 square feet, traded for $275 per square foot and was purchased by California-based The Brookhollow Group.
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