Lane County suffers huge commercial drop off

Lane County real-estate deals fell in 2009, with half of the sales caused by the recession.

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Lane County’s top dozen commercial real-estate deals in 2009 totaled $77 million, down from $200 million in 2008.

Half of the top deals in 2009 were also the result of foreclosure or other recession-related problems, compared to none the year before.

The big deals in 2009, for example, included a 100-acre residential/retail center in Springfield, called Marcola Meadows, that went bust when the bank repossessed the property in an $8 million transaction.

Then there was the Bend developer who walked away from a partially built 102-lot subdivision at Moon Mountain. The bank took possession of that property in a $4.63 million transaction.

Read the full story at The Register-Guard.

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