Dylan Simon -- Kidder Mathews
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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.
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APARTMENT CONCESSIONS :: High-Development Markets Offer Steep Rent Concessions as Newly Delivered Supply is Absorbed

APARTMENT CONCESSIONS :: High-Development Markets Offer Steep Rent Concessions as Newly Delivered Supply is Absorbed | Dylan Simon -- Kidder Mathews | Scoop.it
Of the nearly 555,000 apartment units under construction across the U.S., more than half – 51% – are concentrated in just 15 markets. These high-development markets, including many in Texas and the Sun Belt, have all seen at least 32,000 units and up to 132,000 units delivered since 2010, when this economic cycle began.
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APARTMENT CONCESSIONS :: High-Development Markets Offer Steep Rent Concessions as Newly Delivered Supply is Absorbed

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APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites

APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites | Dylan Simon -- Kidder Mathews | Scoop.it
As cities try to discourage car use, investors see greater redevelopment opportunities for parking lots and garages.
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APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites

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Multifamily Pros Work to Unlock the Value of Historic Buildings

Multifamily Pros Work to Unlock the Value of Historic Buildings | Dylan Simon -- Kidder Mathews | Scoop.it
Landmark buildings often sit on some of the most desirable locations in their markets. That especially true as developers return to once-neglected downtowns and waterfronts in cities from Brooklyn, N.Y., to Nashville, Tenn. Because a historic designation typically prevents demolition, the only way that owners can tap the value of their properties is through renovation.
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Multifamily Pros Work to Unlock the Value of Historic Buildings

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APARTMENT DEVELOPMENT DYNAMICS :: RealPage Reports a Surge in Scheduled Apartment Completions in 2020

APARTMENT DEVELOPMENT DYNAMICS :: RealPage Reports a Surge in Scheduled Apartment Completions in 2020 | Dylan Simon -- Kidder Mathews | Scoop.it

Occupancy Hits Near-Record Level, and Rents Rise

Apartment occupancy at the end of 2019 stood at 95.8 percent. Since leasing is always seasonally slow in the fourth quarter, that figure is off from the rate of 96.3 percent posted in the third quarter. Still, late 2019 occupancy topped the year-earlier reading of 95.4 percent.

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APARTMENT DEVELOPMENT DYNAMICS :: RealPage Reports a Surge in Scheduled Apartment Completions in 2020

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SEATTLE JOB GROWTH :: Seattle Job Growth Drives Multifamily Demand, Developers Deliver

SEATTLE JOB GROWTH :: Seattle Job Growth Drives Multifamily Demand, Developers Deliver | Dylan Simon -- Kidder Mathews | Scoop.it

Seattle remains one of the nation’s hottest economies, as tech firms continue to compete for talent in the area.

The Seattle metro area added 65,000 jobs last year, the strongest annual increase in more than two decades. To keep up with demand, developers continue to add apartments. At the end of 2019, more than 18,000 units were in the pipeline. 

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SEATTLE JOB GROWTH :: Seattle Job Growth Drives Multifamily Demand, Developers Deliver

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APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y

APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y | Dylan Simon -- Kidder Mathews | Scoop.it
Other research companies expect even more new apartments than CoStar—ReaPage estimates the number of units opening as 370,942 in 2020. That’s up 50 percent from 246,779 counted by the firm in 2019. Both years are a substantial increase from the rate developers opened new apartments over the last decade of roughly 200,000 a year.
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APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y

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SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District!

SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District! | Dylan Simon -- Kidder Mathews | Scoop.it
GardnerGlobal said Monday it is under contract to buy Mount Calvary Christian Center's parking lot and teen building at 1429 23rd Ave., across the street from the congregation's church building. GardnerGlobal subsidiary Onpoint Real Estate will lead development of the six-story, mixed-income project with community space.
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SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District!

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SEATTLE APARTMENT DEVELOPMENT :: Carmel, Encore show final design for 227-unit building on First Hill

Encore Architects is designing the project, now apparently called The Victor.
Units will range from open one-bedrooms to two-bedrooms. Some units will have balconies or terraces and two levels of underground parking, with 131 stalls, will be accessed from the alley to the north. There will be 184 bike stalls, too.

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SEATTLE APARTMENT DEVELOPMENT :: Carmel, Encore show final design for 227-unit building on First Hill

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