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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Zillow as mortgage lender: Real estate giant going ‘further down the funnel’ of buying a house 

Zillow as mortgage lender: Real estate giant going ‘further down the funnel’ of buying a house  | Dylan Simon -- Colliers International | Scoop.it
The Seattle-based online real estate giant is preparing to go deeper into the business of mortgage origination, making loans to help people buy the same homes they come across in the Zillow app.
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The Seattle-based online real estate giant is preparing to go deeper into the business of mortgage origination, making loans to help people buy the same homes they come across in the Zillow app.

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Proximity to Microsoft is Demand Driver for Construction

Proximity to Microsoft is Demand Driver for Construction | Dylan Simon -- Colliers International | Scoop.it
New-construction residential communities that are ready for immediate move-in are hard to come by in Bellevue and buyers from the technology sector who want to be close to jobs at Microsoft are finding Avid appealing.
Dylan Simon's insight:

New-construction residential communities that are ready for immediate move-in are hard to come by in Bellevue and buyers from the technology sector who want to be close to jobs at Microsoft are finding Avid appealing.

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Seattle ranks 9th in rich renter growth

Seattle ranks 9th in rich renter growth | Dylan Simon -- Colliers International | Scoop.it
Seattle ranks ninth in the county among metros with the fastest-growing populations of high-income renters, according to a new report from Apartment List.
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Seattle ranks ninth in the county among metros with the fastest-growing populations of high-income renters, according to a new report from Apartment List.

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113-Unit Apartment Building to Add to Busy Transit Corridor in Wallingford

113-Unit Apartment Building to Add to Busy Transit Corridor in Wallingford | Dylan Simon -- Colliers International | Scoop.it
A new, five-story, 113-unit apartment building proposed by Alliance Realty Partners and Urbal Architecture
Dylan Simon's insight:

Stone Way continues as one of Seattle's premier development locations as Alliance Realty Partners and Urbal Architecture propose a new, five-story, 113-unit apartment building .

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Dylan Simon's curator insight, February 28, 1:31 PM

Stone Way continues as one of Seattle's premier development locations as Alliance Realty Partners and Urbal Architecture propose a new, five-story, 113-unit apartment building .

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Jackson | Main Architecture Partners with Housing Development Consortium of Seattle-King County for Modular Pilot Projects

Jackson | Main Architecture Partners with Housing Development Consortium of Seattle-King County for Modular Pilot Projects | Dylan Simon -- Colliers International | Scoop.it
Through the newly-formed Factory Built Workgroup, Jackson | Main and HDC will study and promote ideas that advance the use of modular construction as an affordable housing solution.
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Through the newly-formed Factory Built Workgroup, Jackson | Main and HDC will study and promote ideas that advance the use of modular construction as an affordable housing solution.

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Snohomish rolls out tax-break carpet for multifamily developers in Pilchuck District

Snohomish rolls out tax-break carpet for multifamily developers in Pilchuck District | Dylan Simon -- Colliers International | Scoop.it
The Snohomish City Council recently passed a resolution to temporarily defer property taxes on the value of certain multifamily construction in the city's Pilchuck District to spur mixed-use housing.
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The Snohomish City Council recently passed a resolution to temporarily defer property taxes on the value of certain multifamily construction in the city's Pilchuck District to spur mixed-use housing.

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Cheaper Rents and Demand for More Space Push Major Companies to Bellevue

Cheaper Rents and Demand for More Space Push Major Companies to Bellevue | Dylan Simon -- Colliers International | Scoop.it
Record-low vacancy rates, more cost-effective rents, better commuter resources and access to top-tier talent are factors that influence companies such as Alibaba, Microsoft, REI and Facebook to expand their footprint in Bellevue and the up-and-coming Spring District.
Dylan Simon's insight:

Record-low vacancy rates, more cost-effective rents, better commuter resources and access to top-tier talent are factors that influence companies such as Alibaba, Microsoft, REI and Facebook to expand their footprint in Bellevue and the up-and-coming Spring District.

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Pierce County Leads Puget Sound Industrial Growth

Pierce County Leads Puget Sound Industrial Growth | Dylan Simon -- Colliers International | Scoop.it
The Pierce County market continues to generate high demand from tenants. In the fourth quarter, 94% of new supply was in the Pierce County market.
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The Pierce County market continues to generate high demand from tenants. In the fourth quarter, 94% of new supply was in the Pierce County market.

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In stunning reversal, Amazon drops plans for HQ2 in New York City

In stunning reversal, Amazon drops plans for HQ2 in New York City | Dylan Simon -- Colliers International | Scoop.it
Instead Amazon “will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada,”
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Instead Amazon “will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada,”

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Laird Norton Properties Unveils Renderings of 176-Unit Workforce Development, Othello Square Building C

Laird Norton Properties Unveils Renderings of 176-Unit Workforce Development, Othello Square Building C | Dylan Simon -- Colliers International | Scoop.it
Located at 39th and Othello, the project will be seven-stories and approximately 230,000 sq. ft. with 176 workforce apartments for individuals and families earning 65% – 120% of AMI.
Dylan Simon's insight:

Located at 39th and Othello, the project will be seven-stories and approximately 230,000 sq. ft. with 176 workforce apartments for individuals and families earning 65% – 120% of AMI.

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T-Mobile Solidifies Commitment to the PNW Region as it Begins $160MM Renovation on Bellevue HQ

T-Mobile Solidifies Commitment to the PNW Region as it Begins $160MM Renovation on Bellevue HQ | Dylan Simon -- Colliers International | Scoop.it
T-Mobile has also expanded its headquarters, currently owned by Ivanhoe Cambridge, to around 1,000,000 square feet and extended its lease commitment to 2030, according to the company’s annual report
Dylan Simon's insight:

T-Mobile has also expanded its headquarters, currently owned by Ivanhoe Cambridge, to around 1,000,000 square feet and extended its lease commitment to 2030, according to the company’s annual report.

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Micro-Units Spread to Secondary Cities

Micro-Units Spread to Secondary Cities | Dylan Simon -- Colliers International | Scoop.it
Micro-units have been a staple in highly condensed cities such as San Francisco or New York where land is at a premium, but investors and developers are now adopting these small units in secondary cities such as Austin, Denver and Portland.
Dylan Simon's insight:

Micro-units have been a staple in highly condensed cities where land is at a premium, but investors and developers are now adopting these small units in secondary cities such as Austin, Denver and Portland.

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Seattle is ‘On the Map’: Sellen Construction’s Industry Outlook for 2019

Seattle is ‘On the Map’: Sellen Construction’s Industry Outlook for 2019 | Dylan Simon -- Colliers International | Scoop.it
Our backlog for the next two to three years is very strong, and we are still seeing many, many opportunities with both new and existing clients. Seattle is attracting industry leading technology companies in search of the local talent in cloud computing, artificial intelligence and visualization tools.
Dylan Simon's insight:

"[Sellen's] backlog for the next two to three years is very strong, and are still seeing many, many opportunities with both new and existing clients. Seattle is attracting industry leading technology companies in search of the local talent in cloud computing, artificial intelligence and visualization tools."

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The secret to Seattle’s success in tech, and what needs to happen to spark the next wave of growth

The secret to Seattle’s success in tech, and what needs to happen to spark the next wave of growth | Dylan Simon -- Colliers International | Scoop.it
Innovative health technology is “an area that I think is just going to accelerate and I think Seattle is really interestingly positioned for that with Amazon Web Services and Microsoft Azure,
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"Innovative health technology is an area that I think is just going to accelerate and I think Seattle is really interestingly positioned for that with Amazon Web Services and Microsoft Azure."

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Closing the Investment Return Gap in Seattle

Closing the Investment Return Gap in Seattle | Dylan Simon -- Colliers International | Scoop.it
in market-rate housing developments in Se
Dylan Simon's insight:

Due to skyrocketing housing prices in and around the city, many nurses, school teachers and first responders drive an hour to their jobs. What can be done to make building workforce housing more enticing?

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Nuveen paid Simpson Housing $245M for suburban Seattle apartments

Nuveen paid Simpson Housing $245M for suburban Seattle apartments | Dylan Simon -- Colliers International | Scoop.it
With Amazon.com Inc., Facebook, Microsoft and Google expanding on the Eastside, its economy is super charged. Downtown Bellevue, where Amazon appears poised for massive growth, is especially hot.
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With Amazon.com Inc., Facebook, Microsoft and Google expanding on the Eastside, its economy is super charged. Downtown Bellevue, where Amazon appears poised for massive growth, is especially hot.

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Construction Outlook Calls for Continued Momentum

Construction Outlook Calls for Continued Momentum | Dylan Simon -- Colliers International | Scoop.it
Potential risks to the industry, including ongoing tariffs and rising costs, are expected to be offset by the generally strong U.S. economy in 2019, at least in the first half, JLL reports.
Dylan Simon's insight:

"Potential risks to the industry, including ongoing tariffs and rising costs, are expected to be offset by the generally strong U.S. economy in 2019, at least in the first half"

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Don't call it ‘modular!' This 15-story apartment tower in Belltown is kit-built

The developer is Sustainable Living Partners, a venture of CollinsWoerman and Renova. The 303 Battery project will use the “kit of parts” system devised by CollinsWoerman for 47+7, an apartment project in the University District.
Dylan Simon's insight:

The developer is Sustainable Living Partners, a venture of CollinsWoerman and Renova. The 303 Battery project will use the “kit of parts” system devised by CollinsWoerman for 47+7, an apartment project in the University District. 

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Amazon is considering enough space to build an HQ2 in Bellevue

Amazon is considering enough space to build an HQ2 in Bellevue | Dylan Simon -- Colliers International | Scoop.it
mazon is considering enough office space in Bellevue to give it room for 25,000 employees — the equivalent of its proposed HQ2 — as the company withdraws plans to build an office that size in New York.
Dylan Simon's insight:

Amazon is considering enough office space in Bellevue to give it room for 25,000 employees — the equivalent of its proposed HQ2 — as the company withdraws plans to build an office that size in New York.

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Spectrum sells Decibel and Reverb, near Yesler Terrace, for $57.7M

Spectrum sells Decibel and Reverb, near Yesler Terrace, for $57.7M | Dylan Simon -- Colliers International | Scoop.it
The three buildings were among the first new multifamily housing near Yesler Terrace, which is now undergoing a transformation of its own.
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The two buildings were among the first new multifamily housing near Yesler Terrace, which is now undergoing a transformation of its own. 

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Fastest-Growing Renter Segment: High-Income Earners 

Fastest-Growing Renter Segment: High-Income Earners  | Dylan Simon -- Colliers International | Scoop.it
“The attitude toward renting at any income level is changing,” states the study's authors. “With renters becoming the majority population in many U.S. cities, the spike in the national population of wealthy-renter households could mean a change in attitude toward an American Dream that no longer belongs to this generation of renters.”
Dylan Simon's insight:

“The attitude toward renting at any income level is changing. With renters becoming the majority population in many U.S. cities, the spike in the national population of wealthy-renter households could mean a change in attitude toward an American Dream that no longer belongs to this generation of renters.”

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CRE Investor Sentiment Remains Optimistic, But We Are No Longer in the “Boom” Phase, RCM Survey Finds

CRE Investor Sentiment Remains Optimistic, But We Are No Longer in the “Boom” Phase, RCM Survey Finds | Dylan Simon -- Colliers International | Scoop.it
In responses to its survey, RCM also found the following sentiments:

Multifamily remains the preferred asset class, with industrial a close second.
Steadily increasing interest rates won’t change investors’ position as buyers in 2019.
Underwriting is more conservative due to rising rates, maturity of the cycle, the pullback of Chinese capital and other factors.
Dylan Simon's insight:

In responses to its survey, RCM also found the following sentiments:

  1. Multifamily remains the preferred asset class, with industrial a close second.
  2. Steadily increasing interest rates won’t change investors’ position as buyers in 2019.
  3. Underwriting is more conservative due to rising rates, maturity of the cycle, the pullback of Chinese capital and other factors.
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Seattle Metro Report: February 2019

Seattle Metro Report: February 2019 | Dylan Simon -- Colliers International | Scoop.it
Seattle, WA saw rent grow $40 to $1,940 but stayed the second priciest city.
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Seattle saw rent grow $40 to $1,940 but stayed the second priciest city.

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Local developer has big plan to capitalize on Bremerton's expected boom

Local developer has big plan to capitalize on Bremerton's expected boom | Dylan Simon -- Colliers International | Scoop.it
Bremerton-based developer Sound West Holdings LLC plans to tap into this activity by building Marina Square. The approximately $129 million downtown development
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Bremerton-based developer Sound West Holdings LLC plans to tap into this activity by building the $129 million downtown development Marina Square.

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Apartment Sector Well-Positioned in Case of a Downturn

Apartment Sector Well-Positioned in Case of a Downturn | Dylan Simon -- Colliers International | Scoop.it

Though the high end of the market may be feeling the strain of overbuilding, the sector overall is benefiting from long-term trends that should continue to fill apartment units for the foreseeable future.

Dylan Simon's insight:

Though the high end of the market may be feeling the strain of overbuilding, the sector overall is benefiting from long-term trends that should continue to fill apartment units for the foreseeable future.

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