Dylan Simon -- Kidder Mathews
40.6K views | +6 today
Follow
Dylan Simon -- Kidder Mathews
I specialize in the sale of apartment buildings in Seattle and the greater Puget Sound region.  I focus on the sale of both apartment buildings and developable land ranging from $1M to $100M. I am passionate about real estate investment and development, economics, technology and urbanism. Through brokerage I assist apartment investors and developers in achieving the highest possible levels of return and build an advisory relationship that lasts ownership life-cycles instead of just a transaction.
Curated by Dylan Simon
Your new post is loading...
Your new post is loading...
Scooped by Dylan Simon
Scoop.it!

APARTMENT MARKET RESEARCH: Multifamily Midyear Reports Show Good News & Bad News in the multifamily sector

APARTMENT MARKET RESEARCH: Multifamily Midyear Reports Show Good News & Bad News in the multifamily sector | Dylan Simon -- Kidder Mathews | Scoop.it
While the overall rental business is strong, Real Capital Analytics is reporting that the buying and selling of apartment communities was off in May and trending flat for the year. Transaction volume for the month was measured at $11.9 billion, which is a drop of 22% in volume as compared with last year. Real Capital Analytics drills down into building types to reach other conclusions about what’s moving and what’s not.
Dylan Simon's insight:

APARTMENT MARKET RESEARCH: Multifamily Midyear Reports Show Good News & Bad News in the multifamily sector

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE MIXED-USE DEVELOPMENT: Vibrant Cities’ Multi-Mixed-Use Project Serves as Basis for “Pivoting” Design -- including office, apartments & retail

SEATTLE MIXED-USE DEVELOPMENT: Vibrant Cities’ Multi-Mixed-Use Project Serves as Basis for “Pivoting” Design -- including office, apartments & retail | Dylan Simon -- Kidder Mathews | Scoop.it

Pivot is truly mixed use; when complete, the project will include 71 apartment units, 4,500 square feet of retail, including three restaurant and retail spaces, one level of underground parking and 11,000 square feet of office space. Delivery is expected for the fourth quarter of 2020

Dylan Simon's insight:

SEATTLE MIXED-USE DEVELOPMENT: Vibrant Cities’ Multi-Mixed-Use Project Serves as Basis for “Pivoting” Design -- including office, apartments & retail

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE SEDU DEVELOPMENT: 108-Unit SEDU Residential Development in Seattle’s First Hill Neighborhood -- learn move about SEDUs at dylansimon.com

SEATTLE SEDU DEVELOPMENT: 108-Unit SEDU Residential Development in Seattle’s First Hill Neighborhood -- learn move about SEDUs at dylansimon.com | Dylan Simon -- Kidder Mathews | Scoop.it

Seattle has led in the amount of micro-housing developed since 2009. As of the third quarter of last year, Seattle had a total of 6,297 SEDUs, most of which range from between 240 to 320 square feet, according to the report by Jerrid Anderson of Kidder Mathews

Dylan Simon's insight:

SEATTLE SEDU DEVELOPMENT: 108-Unit SEDU Residential Development in Seattle’s First Hill Neighborhood -- learn move about SEDUs at dylansimon.com

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

CLASS A OFFICE DYNAMICS: Office Vacancy Reaches Lowest Level in 18 years in Second Quarter -- occupancy greatest in technology markets

CLASS A OFFICE DYNAMICS: Office Vacancy Reaches Lowest Level in 18 years in Second Quarter -- occupancy greatest in technology markets | Dylan Simon -- Kidder Mathews | Scoop.it
Meanwhile, technology firms continue to be the single biggest occupancy driver, representing 22 percent of all leasing activity in the second quarter, he notes. “As much as growth is broad, there is noticeably unusual growth in a few tech markets,” Anderson adds, citing as examples Seattle, the San Francisco Bay Area and Austin, Texas, which are among top 10 metros for highest office space absorption. “These cities are always ahead of the pack, but this cycle they’re very far ahead.”
Dylan Simon's insight:

CLASS A OFFICE DYNAMICS: Office Vacancy Reaches Lowest Level in 18 years in Second Quarter -- occupancy greatest in technology markets

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Smart Tech Pays Off for Multifamily Operators -- Residents will pay more for digital amenities -- tech is not just for luxury rental anymore

Smart Tech Pays Off for Multifamily Operators -- Residents will pay more for digital amenities -- tech is not just for luxury rental anymore | Dylan Simon -- Kidder Mathews | Scoop.it

“We are pivoting away from bulk deals on technology services in order to offer more variety. Today, the technology changes so rapidly, the bulk deals can result in obsolete technology in multiple buildings.”

Dylan Simon's insight:

Smart Tech Pays Off for Multifamily Operators -- Residents will pay more for digital amenities -- tech is not just for luxury rental anymore

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

NATIONAL MULTIFAMILY REPORT: Yardi-Matrix releases its 2019 Summer/Mid-Year report, showing high renter-demand and positive rent growth across all segments

NATIONAL MULTIFAMILY REPORT: Yardi-Matrix releases its 2019 Summer/Mid-Year report, showing high renter-demand and positive rent growth across all segments | Dylan Simon -- Kidder Mathews | Scoop.it
Apartments aimed at the middle- and lower-class continue to thrive when it comes to rent growth. New supply is concentrated in the Lifestyle category but the largest demand comes from Renter-by-Necessity. Rents in this segment rose 3.8 percent year-over-year, while Lifestyle hit just shy of 3 percent.
Dylan Simon's insight:

NATIONAL MULTIFAMILY REPORT: Yardi-Matrix releases its 2019 Summer/Mid-Year report, showing high renter-demand and positive rent growth across all segments

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

APARTMENT INVESTMENT DYNAMICS: Multifamily Continues to Rule CRE -- factors leading to successful apartment investments continue to show resilience

APARTMENT INVESTMENT DYNAMICS: Multifamily Continues to Rule CRE -- factors leading to successful apartment investments continue to show resilience | Dylan Simon -- Kidder Mathews | Scoop.it
There are several drivers behind multifamily, few if any of which showing signs of abating. A plateauing homeownership rate, which has remained at 64.3%, low unemployment and millennial attitudes towards homeownership and renting are among these demand drivers. Then there are the Millennials, a group that continues to gravitate towards apartments even as they get older.
Dylan Simon's insight:

APARTMENT INVESTMENT DYNAMICS: Multifamily Continues to Rule CRE -- factors leading to successful apartment investments continue to show resilience

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

ECONOMIC TRENDS: Homeownership Rate Falls, particularly among Millennials --  proves further resilience for apartment investment market

ECONOMIC TRENDS: Homeownership Rate Falls, particularly among Millennials --  proves further resilience for apartment investment market | Dylan Simon -- Kidder Mathews | Scoop.it
According to the Census Bureau’s Housing Vacancy Survey (HVS), the nation’s homeownership rate in the second quarter of 2019 fell to 64.1%, the lowest since the third quarter of 2017. But it is sta…
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE CONDO DEVELOPMENT: Minglian buys site on The Ave in Seattle's University District for $5M -- $85k/unit; 59 condos planned and 1,500 SF of retail space

Studio19 Architects has designed a six-story building with 59 units, which Minglian says will be condominiums. Facing The Ave will be 1,500 square feet of retail. Fifteen underground parking spaces will be accessed from the alley to the west.
Dylan Simon's insight:

SEATTLE CONDO DEVELOPMENT: Minglian buys site on The Ave in Seattle's University District for $5M -- $85k/unit; 59 condos planned and 1,500 SF of retail space

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE OFFICE ABSORPTION:  Aggressive Expansions Fuel Seattle Office Market, fundamentals point to sustained economic & job growth

Kidder Mathews points out Seattle has nine major office projects under construction after delivering nearly 1.9 million square feet of new office inventory over the quarter. There are eight or more planned spec projects expected to come on line by early 2020. With job growth expected to continue and a tolerable level of new construction, the near-term outlook for the regional office market remains positive, notes Kidder Mathews.
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE APARTMENT SALES YTD: Top 5 Multifamily Transactions in Seattle so far in 2019

SEATTLE APARTMENT SALES YTD: Top 5 Multifamily Transactions in Seattle so far in 2019 | Dylan Simon -- Kidder Mathews | Scoop.it
The number of multifamily units sold in Seattle during the year's first six months was up 29 percent year-over-year, with the total sales volume reaching $1.9 billion.
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

NEW APARTMENT REPORT: Smaller-sized apartment unit occupancy outperforms -- especially in core cities | Multifamily Executive Magazine

NEW APARTMENT REPORT: Smaller-sized apartment unit occupancy outperforms -- especially in core cities | Multifamily Executive Magazine | Dylan Simon -- Kidder Mathews | Scoop.it
A recent CoStar analysis shows renters are sacrificing size for the sake of location.
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE RESIDENTIAL DEVELOPMENT: Concord Pacific spends $72M on half-block site in downtown Seattle -- price equates to nearly $1,700 square foot of land

SEATTLE RESIDENTIAL DEVELOPMENT: Concord Pacific spends $72M on half-block site in downtown Seattle -- price equates to nearly $1,700 square foot of land | Dylan Simon -- Kidder Mathews | Scoop.it

SEATTLE RESIDENTIAL DEVELOPMENT: Concord Pacific spends $72M on half-block site in downtown Seattle -- price equates to nearly $1,700 square foot of land

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

APARTMENT DEVELOPMENT TECH: Modular May Not Be New, But Its Paybacks

APARTMENT DEVELOPMENT TECH: Modular May Not Be New, But Its Paybacks | Dylan Simon -- Kidder Mathews | Scoop.it

McKinsey & Company released a report in June that shows that modular construction can speed construction by as much as 50%. The research says that in some cases it could also cut costs by up to 20%. It projects that modular construction could claim $130 billion of the market in US and Europe by 2030 and fill a $1.6 trillion productivity gap.

Dylan Simon's insight:

APARTMENT DEVELOPMENT TECH: Modular May Not Be New, But Its Paybacks

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

In IPO filing, WeWork claims it can thrive in a recession as troubling indicator tanks stock market – funneling investment dollars into office space is a "new" recessionary tactic, to say the least

In IPO filing, WeWork claims it can thrive in a recession as troubling indicator tanks stock market – funneling investment dollars into office space is a "new" recessionary tactic, to say the least | Dylan Simon -- Kidder Mathews | Scoop.it
“Not only do we believe our business model mitigates the pressures of an economic recession, we also believe that our model could position us well in a downturn,” according to the filing. “An economic downturn may provide us an opportunity to further scale our platform at more attractive unit economics.
Dylan Simon's insight:

In IPO filing, WeWork claims it can thrive in a recession as troubling indicator tanks stock market – funneling investment dollars into office space is a "new" recessionary tactic, to say the least

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

RECESSION WATCH: What is an ‘inverted yield curve’ and why does it matter? -- Fear in the bond/equity markets good for the CRE markets

RECESSION WATCH: What is an ‘inverted yield curve’ and why does it matter? -- Fear in the bond/equity markets good for the CRE markets | Dylan Simon -- Kidder Mathews | Scoop.it
Investors are spooked by a scenario known as the “inverted yield curve,” which occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.
Dylan Simon's insight:

RECESSION WATCH: What is an ‘inverted yield curve’ and why does it matter? -- Fear in the bond/equity markets good for the CRE markets

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

WHERE TO INVEST IN MULTIFAMILY: The Strength Of Workforce Housing As An Investment Class

WHERE TO INVEST IN MULTIFAMILY: The Strength Of Workforce Housing As An Investment Class | Dylan Simon -- Kidder Mathews | Scoop.it
Essentially, workforce housing often appeals to those residents who earn too much income to qualify for subsidized affordable housing accommodations, but not nearly enough to satisfy the necessary income thresholds to purchase a home or rent the luxury apartments that have proliferated in recent years — a segment of the population that is only growing.
Dylan Simon's insight:

WHERE TO INVEST IN MULTIFAMILY: The Strength Of Workforce Housing As An Investment Class

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

PUGET SOUND OFFICE RENT GROWTH: Downtown Seattle Office Rent Growth Now Competing With Eastside Markets -- Bellevue CBD office rent growth bests Seattle

PUGET SOUND OFFICE RENT GROWTH: Downtown Seattle Office Rent Growth Now Competing With Eastside Markets -- Bellevue CBD office rent growth bests Seattle | Dylan Simon -- Kidder Mathews | Scoop.it
Market Stat: Near Term for the Neighborhood Is Still Rocky Though
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE APARTMENT SALE: Majestic Bay in Des Moines sells for $18MM -- $222k/unit -- $201NRSF

SEATTLE APARTMENT SALE: Majestic Bay in Des Moines sells for $18MM -- $222k/unit -- $201NRSF | Dylan Simon -- Kidder Mathews | Scoop.it
Seattle, New Standard Equities, Weidner Apartment Homes, Federal Way, Des Moines, Majestic Bay Townhomes, Renton, Lynnwood
Dylan Simon's insight:

SEATTLE APARTMENT SALE: Majestic Bay in Des Moines sells for $18MM -- $222k/unit -- $201NRSF

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

APARTMENT DEVELOPMENT TRENDS: How Innovative Developers Are Finding Ways to Make Projects Work

APARTMENT DEVELOPMENT TRENDS: How Innovative Developers Are Finding Ways to Make Projects Work | Dylan Simon -- Kidder Mathews | Scoop.it
Now more than ever, developers are examining every part of their buildings and their businesses in search of new ideas (or new twists on old practices) that could make projects pencil. Their search for more and better-spent dollars has led to a rethink of everything they do, including whether today’s renter actually wants a home.
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

SEATTLE APARTMENT SALE: Continental Properties sells 2nd + John for $39M -- $487,500/unit -- $700/NRSF

The new 80-unit 2nd & John Apartments, at 200 Second Ave. W. in Uptown, have sold for just over $39 million, according to King County records.
Dylan Simon's insight:

SEATTLE APARTMENT SALE: Continental Properties sells 2nd + John for $39M -- $487,500/unit -- $700/NRSF

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

APARTMENT TECH TRENDS:  Technology, Services Drive Apartment Tenant Retention

APARTMENT TECH TRENDS:  Technology, Services Drive Apartment Tenant Retention | Dylan Simon -- Kidder Mathews | Scoop.it
In 2019 for example, one emerging trend is the prioritization of health and wellness amenities within communities. Residents have a choice in the current market, and they will select communities with upgraded gym equipment, fitness classes with trainers, and other wellness-focused offerings.
Dylan Simon's insight:

APARTMENT TECH TRENDS:  Technology, Services Drive Apartment Tenant Retention

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

GSEs REPORT ON MULTIFAMILY LENDING: Multifamily Market Are Growing Faster than Expected -- volume for the entire multifamily origination market could be upward of $20 billion more than 2018’s recor...

GSEs REPORT ON MULTIFAMILY LENDING: Multifamily Market Are Growing Faster than Expected -- volume for the entire multifamily origination market could be upward of $20 billion more than 2018’s recor... | Dylan Simon -- Kidder Mathews | Scoop.it

Volume for the entire multifamily origination market could be upward of $20 billion more than 2018’s record levels. 

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

APARTMENT RENT GROWTH PROJECTIONS: Freddie Mac Foresees 4 Percent Rent Growth in 2019, predicting that supply still falling short of renter-demand

APARTMENT RENT GROWTH PROJECTIONS: Freddie Mac Foresees 4 Percent Rent Growth in 2019, predicting that supply still falling short of renter-demand | Dylan Simon -- Kidder Mathews | Scoop.it
The GSE’s midyear outlook finds that the industry is still struggling to build enough multifamily units for a housing-hungry nation, despite elevated construction starts.
more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Yardi Matrix Report: National Multifamily Market Shows No Signs of Waning -- the second quarter’s surge once again pointed to continued growth for the national multifamily market.

Yardi Matrix Report: National Multifamily Market Shows No Signs of Waning -- the second quarter’s surge once again pointed to continued growth for the national multifamily market. | Dylan Simon -- Kidder Mathews | Scoop.it

Year-over-year, rent growth has increased to 3.3 percent, up by 40 basis points from May, the report states. While rent growth for the first half of the year has been at a slower pace than when the market was at its peak, the economic fundamentals driving the multifamily market remains strong.

more...
No comment yet.