Wednesday, January 14, 2009

Update on Sunriver Economy

The bad news is the economy. The great news is that all across the country (including Sunriver) businesses are learning new ways of doing business which, for those of us who survive, will teach us to be healthier companies. Here are some of the changes that are happening in Sunriver:

1. Sunset Realty closed its business park office (the log building which is pictured in their logo) and moved all of its staff to the Village Mall.

2. Sunray Vacation Rentals is leaving its location in the business park (that it has been at for 15 years) and moving into a smaller office near RJBs restaurant.

3. The Coldwell Banker Real Estate office closed.

4. Prudential Real Estate has opened an office in the Village Mall.

5. Sunriver Resort laid off 17 of their top managers (including Gary Bell who had been with the Resort for over 15 years).

6. Sunriver Realty closed its Bend office.

7. The Sunriver Mall has sold to new owners.

8. The 4 Vacation Rental companies that own Mavericks are in negotiations with SROA for the purchase of Mavericks.

9. Aloha Cafe (the Hawaiian food restaurant that used to be located in the same building as the ice skating rink) has expanded and moved into a new location 4 times the size of its old location in the Sunriver Mall (where the Sushi Motos Restaurant used to be).

Here at Bennington Properties we are working hard to "slim up" for the changing economy. We have also reduced our staff and are moving quickly to adjust to working with fewer people. We appreciate your patience as we learn to operate in this new economic climate.