Dylan Simon -- Colliers International
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Dylan Simon -- Colliers International
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 $3M 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.
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Real estate investors bet on tech hubs to withstand economic downturns

Real estate investors bet on tech hubs to withstand economic downturns | Dylan Simon -- Colliers International | Scoop.it
innovation-centric cities appear to be more resilient to economic shocks. During the last downturn, these cities saw average real estate capital values fall less and bounce back more quickly.”
Dylan Simon's insight:

"Innovation-centric cities appear to be more resilient to economic shocks. During the last downturn, these cities saw average real estate capital values fall less and bounce back more quickly.”

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Toll Bros. buys Belltown tower site for $25M

The seller was TeamRise Bell Tower LLC, which acquired the 19,440-square-foot corner site in 2014 for about $20 million. TeamRise received its master use permit last month for a 25-story apartment building with 285 units,
Dylan Simon's insight:

The seller was TeamRise , which  received its master use permit last month for the 25-story apartment building with 285 units.

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F5 Networks' Seattle headquarters is for sale, sources say

F5 Networks' Seattle headquarters is for sale, sources say | Dylan Simon -- Colliers International | Scoop.it
F5 Tower – the 44-story downtown Seattle high-rise and headquarters of technology company F5 Networks – is for sale
Dylan Simon's insight:

F5 Tower – the 44-story downtown Seattle high-rise and headquarters of technology company F5 Networks – is for sale

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Major Apartment Project Resurfaces Near Amazon's Seattle Headquarters

Major Apartment Project Resurfaces Near Amazon's Seattle Headquarters | Dylan Simon -- Colliers International | Scoop.it
Miami-based Crescent Heights and architectural firm Gensler submitted a revised application for a 963-apartment project at 1901 Minor Ave., according to records on file with the city of Seattle. The site in the Denny Triangle neighborhood is about three blocks south from Amazon's headquarters in the South Lake Union district.
Dylan Simon's insight:

Miami-based Crescent Heights submitted a revised application for a 963-apartment project at 1901 Minor Ave. The site in the Denny Triangle neighborhood is about three blocks south from Amazon's headquarters in the South Lake Union district.

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Advocates Hope New State Legislation Spurs Condo Development

Advocates Hope New State Legislation Spurs Condo Development | Dylan Simon -- Colliers International | Scoop.it
Advocates of SB 5334 hope that its passage will spur more condo development.
Dylan Simon's insight:

The new bill will define the warranties, while protecting homeowners association officers who have felt they had no choice but to go after the developers for damages to protect themselves.

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Seattle Is on Pace to Have Record Year for Office Sales

Seattle Is on Pace to Have Record Year for Office Sales | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Coming off a strong year for office sales, Seattle's first quarter 2019 sales volume finished at around $1.9 billion, which is nearly half of 2018's total sales volume, according to CoStar data. 

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Dylan Simon's curator insight, April 30, 10:51 AM

Coming off a strong year for office sales, Seattle's first quarter 2019 sales volume finished at around $1.9 billion, which is nearly half of 2018's total sales volume, according to CoStar data. 

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New Capitol Hill apartments aren't rare, but sales like this are

New Capitol Hill apartments aren't rare, but sales like this are | Dylan Simon -- Colliers International | Scoop.it
New Capitol Hill apartments aren't rare, but sales like this are
Dylan Simon's insight:

While there's a ton of apartment development in the neighborhood, institutional-sized projects like Pike Motorworks are unusual because lots on the Hill are small.

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A $1 Billion West Coast Apartment Portfolio Hits the Market, and Swims Against the Tide

A $1 Billion West Coast Apartment Portfolio Hits the Market, and Swims Against the Tide | Dylan Simon -- Colliers International | Scoop.it
The Seattle properties are: the 209-unit Perry, at 1001 Minor Avenue; the 461-unit Kiara, at 111 Terry Avenue North; and the 275-unit Chroma, at 1212 Harrison Street.
Dylan Simon's insight:

The Seattle properties are: the 209-unit Perry, at 1001 Minor Avenue; the 461-unit Kiara, at 111 Terry Avenue North; and the 275-unit Chroma, at 1212 Harrison Street.

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Why builders are increasingly opting for engineered timber products

Why builders are increasingly opting for engineered timber products | Dylan Simon -- Colliers International | Scoop.it
While 20th century architecture was arguably defined by the innovative use of concrete, steel and other modern materials, it looks more and more like 21st century design will be defined by one of the most traditional building materials of all: timber.
Dylan Simon's insight:

While 20th century architecture was arguably defined by the innovative use of concrete, steel and other modern materials, it looks more and more like 21st century design will be defined by one of the most traditional building materials of all: timber.

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Hewitt shows undulating 'cloud' design for 29-story apartment tower in SLU

Hewitt shows undulating 'cloud' design for 29-story apartment tower in SLU | Dylan Simon -- Colliers International | Scoop.it
Gemdale USA hired Hewitt to design the tower, which the architect compares to a pile of irregularly stacked books.
Dylan Simon's insight:

Gemdale USA is planning a 29-story residential tower with up to 340 units, retail and underground parking on a South Lake Union corner it doesn't yet own, at 222 Dexter Ave. N.

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5 Markets We Love for 2025

5 Markets We Love for 2025 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

It may seem like a distant future, but when your investment horizons are measured in 5-7 year hold periods, 2025 suddenly feels much closer.

 

If you haven’t checked your calendar recently, setting oneself up for success in the 2020s starts today.

 

To help you get started, we’ve analyzed five markets that are exciting prospects for the next market cycle.

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Burrard Group buys Belltown development site

Burrard Group buys Belltown development site | Dylan Simon -- Colliers International | Scoop.it
Burrard Group is the developer of Nexus, a 41-story condo tower nearing completion at 1808 Minor Ave., in Seattle's Denny Triangle area, but the Belltown building most likely will be rental apartments, Burrard Group Executive Vice President Christian Chan said
Dylan Simon's insight:

Burrard Group is the developer of Nexus, a 41-story condo tower nearing completion at 1808 Minor Ave., in Seattle's Denny Triangle area, but the Belltown building most likely will be rental apartments, Burrard Group Executive Vice President Christian Chan said.

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Economists See Fed On Hold at Least Through 2021

Economists See Fed On Hold at Least Through 2021 | Dylan Simon -- Colliers International | Scoop.it

In March, the economists predicted the central bank would raise rates once this year, but Fed officials’ statements and projections since then appear to have changed the economists’ outlook.

Dylan Simon's insight:

In March, the economists predicted the central bank would raise rates once this year, but Fed officials’ statements and projections since then appear to have changed the economists’ outlook.

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How Bellevue Built A City That Amazon Couldn’t Resist

How Bellevue Built A City That Amazon Couldn’t Resist | Dylan Simon -- Colliers International | Scoop.it
mazon truly likes what Bellevue has to offer and is trying to achieve an urban campus on the east side of the lake just as Google, T-Mobile, Facebook and Microsoft have
Dylan Simon's insight:

Amazon truly likes what Bellevue has to offer and is trying to achieve an urban campus on the east side of the lake, just as Google, T-Mobile, Facebook and Microsoft have.

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Construction firms keep pace amid change

Construction firms keep pace amid change | Dylan Simon -- Colliers International | Scoop.it
According to the 2018 Labor Market and Economic Report, hiring in construction throughout the region grew 4.2 percent from September 2017 to September 2018, which is above the state average and the second largest sector growth in the region
Dylan Simon's insight:

According to the 2018 Labor Market and Economic Report, hiring in construction throughout the region grew 4.2 percent from September 2017 to September 2018, which is above the state average and the second largest sector growth in the region.

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Facebook opens another Seattle building with room for 1,000 people, adding to huge engineering hub 

Facebook opens another Seattle building with room for 1,000 people, adding to huge engineering hub  | Dylan Simon -- Colliers International | Scoop.it
Facebook’s Seattle office was already its largest engineering center outside of the Menlo Park, Calif. homebase, and now the social giant is opening up a new building with room for 1,000 more people.
Dylan Simon's insight:

Facebook’s Seattle office was already its largest engineering center outside of the Menlo Park, Calif. homebase, and now the social giant is opening up a new building with room for 1,000 more people.

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Seattle Multifamily Report – Spring 2019

Seattle Multifamily Report – Spring 2019 | Dylan Simon -- Colliers International | Scoop.it
The metro remains one of the country’s top-performing multifamily markets, fueled by persistent growth in tech and e-commerce.
Dylan Simon's insight:

Seattle remained attractive to both out-of-state and Canadian investors, as more than $500 million in multifamily assets sold in the metro during the first two months of 2019.

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Amazon’s migration to Bellevue kicks into overdrive with big new office lease –

Amazon’s migration to Bellevue kicks into overdrive with big new office lease – | Dylan Simon -- Colliers International | Scoop.it
Amazon leased a pair of office towers in Bellevue, Wash., just a week after buying a huge development site in the city that is rapidly becoming the epicenter of its future growth. Developer Trammell Crow Co. said Amazon leased its 715,000-square-foot project called Binary Towers at 1001 106th Ave.
Dylan Simon's insight:

Developer Trammell Crow Co. said Amazon leased its 715,000-square-foot project in downtown Bellevue. Construction on the project is slated to begin this summer, with the building opening in 2022. The new lease comes just a few days after Amazon paid $195 million for a prime development site just a few blocks away.

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CoStar News - Seattle Is on Pace to Have Record Year for Office Sales

CoStar News - Seattle Is on Pace to Have Record Year for Office Sales | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Coming off a strong year for office sales, Seattle's first quarter 2019 sales volume finished at around $1.9 billion, which is nearly half of 2018's total sales volume, according to CoStar data. 

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Dylan Simon's curator insight, April 30, 11:22 AM

Coming off a strong year for office sales, Seattle's first quarter 2019 sales volume finished at around $1.9 billion, which is nearly half of 2018's total sales volume, according to CoStar data. 

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Multifamily Investors Show No Signs of Slowing Down in Greater Seattle

Multifamily Investors Show No Signs of Slowing Down in Greater Seattle | Dylan Simon -- Colliers International | Scoop.it
After a strong year in 2018, dynamic multifamily sales activity in the first quarter of 2019 resulted in the largest first quarter total since 2016, with roughly $1.1 billion in total sales volume.
Dylan Simon's insight:

After a strong year in 2018, dynamic multifamily sales activity in the first quarter of 2019 resulted in the largest first quarter total since 2016, with roughly $1.1 billion in total sales volume.

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To Find Out Which Areas Will Emerge as Hot Spots for Apartment Development in Seattle, Follow the Light Rail

To Find Out Which Areas Will Emerge as Hot Spots for Apartment Development in Seattle, Follow the Light Rail | Dylan Simon -- Colliers International | Scoop.it
Asking rent for communities built since Jan. 2010 within a quarter-mile of existing light rail stops have an average asking rent of $2,680 per month, roughly 20% higher than the overall average for properties built this cycle.
Dylan Simon's insight:

Asking rent for communities built since Jan. 2010 within a quarter-mile of existing light rail stops have an average asking rent of $2,680 per month, roughly 20% higher than the overall average for properties built this cycle.

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Slower, More Sustainable U.S. Economy Emerges

Slower, More Sustainable U.S. Economy Emerges | Dylan Simon -- Colliers International | Scoop.it
The Federal Reserve's dovish pivot has been reinforced by the abundant liquidity in the capital markets, according to David Shillington of Marcus & Millichap Capital Corp.
Dylan Simon's insight:

As a result, the rapid economic expansion that dominated the U.S. economy in 2018 has largely been replaced with a slower and more sustainable scenario. The Federal Reserve has eyed these developments, putting further rate hikes for this year on hold at its latest meeting in March

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AFIRE's survey again puts Seattle among world's best real estate markets

AFIRE's survey again puts Seattle among world's best real estate markets | Dylan Simon -- Colliers International | Scoop.it
Seattle is third among cities where investors want to increase their real estate exposure — behind New York and Boston but ahead of Berlin and San Francisco.
Dylan Simon's insight:

Seattle is third among cities where investors want to increase their real estate exposure — behind New York and Boston but ahead of Berlin and San Francisco.

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Apartment rents rising, and poised to go higher

Apartment rents rising, and poised to go higher | Dylan Simon -- Colliers International | Scoop.it
Even with mortgage rates sliding, many people still can't afford to buy homes.
Dylan Simon's insight:

Apartment rents are continuing to rise this year, fueled by higher demand from millennials looking for a place of their own, strong job growth and rising wages.

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PRESS RELEASE: The Hudson Apartments in Queen Anne Trades for $38.75 Million

PRESS RELEASE: The Hudson Apartments in Queen Anne Trades for $38.75 Million | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Dylan Simon and Jerrid Anderson of Colliers’ Seattle Multifamily Team closed the sale of The Hudson Apartments in Seattle’s Queen Anne neighborhood on Thursday, April 11, 2019. The sales price of the building was $38,750,000 — representing a 4.3% capitalization rate.

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