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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Federal Reserve officials say economy is ready for higher interest rates

Federal Reserve officials say economy is ready for higher interest rates | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The Fed did not raise its benchmark interest rate at the meeting on Jan. 30 and 31, but the account reinforced investor expectations the Fed would raise rates at its next meeting in March….They said they intended to raise interest rates as the economy gains strength, and to seek to maintain public confidence in the 2 percent inflation target."

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Starbucks plans pay hike, added benefits for employees

Starbucks plans pay hike, added benefits for employees | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Starbucks announces plans to invest benefits from the Tax Cuts and Jobs Act back into its employees: "The Seattle coffee giant says it’s spending $250 million to improve pay with a second raise this year, stock grants, and a new sick-pay program for its 150,000 U.S. workers."

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Sound familiar, Seattle? Apple shops for site to build a new campus, will also add 20,000 jobs

Sound familiar, Seattle? Apple shops for site to build a new campus, will also add 20,000 jobs | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

As Amazon narrows its HQ2 options to 20 cities, Apple also begins to shop the US for a new campus location. Will Seattle be on the list?

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Look Beyond Acquisition Price to Reduce Property Tax Assessments

Look Beyond Acquisition Price to Reduce Property Tax Assessments | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“This line of thinking is particularly common in states that use market value as the standard and where the purchase price was based on an appraisal….[but] such thinking could result in missed opportunities to reduce the actual property tax burden on the property.”

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Apartment Renters Continue to Dominate Many of the Nation’s Cities

Apartment Renters Continue to Dominate Many of the Nation’s Cities | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"The percentage of households that live in a home they own fell to its lowest point—62.9 percent—in the second quarter of 2016….The homeownership rate had begun to recover slightly in 2017 and reached 63.9 percent by the third quarter of last year….That’s partly because the millennial generation is getting a little older….However, the recovery in the homeownership rate may stall in part because of the recent reform of the federal tax code."

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RealPage: Market Stable, but Number of Unit Starts Less Certain in 2018

RealPage: Market Stable, but Number of Unit Starts Less Certain in 2018 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

There is plenty of supply in Seattle's pipeline, but many are questioning project starts for 2018: “We’ve been going through this cycle long enough that the obvious sites are in short supply, so, clearly, we’re going to start fewer units in 2018. The question is, really, to what degree?”

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Redfin’s Glenn Kelman predicts a mass tech exodus from coastal cities

Redfin’s Glenn Kelman predicts a mass tech exodus from coastal cities | Dylan Simon -- Colliers International | Scoop.it
As CEO of Redfin, Glenn Kelman keeps a close eye on housing trends and their consequences. He’s convinced that skyrocketing housing costs in thriving…
Dylan Simon's insight:

Redfin CEO predicts new tax code will accelerate migration of tech companies: “Kelman tweeted to clarify that he expects tech workers to move to Seattle from other thriving coastal regions like the Bay Area, New York, and Boston.”

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