Dylan Simon -- Colliers International
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Economy Watch: Employment Up by 223K Jobs in May

Economy Watch: Employment Up by 223K Jobs in May | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Increases in job creation signal positive impacts on demand for commercial real estate at this stage in the market cycle: “Total payroll employment increased by 223,000 jobs in May, the Bureau of Labor Statistics reported on Friday, beating the average of the previous 12 months, which was an increase of 191,000 and up from 164,000 in April.”

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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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How to Pull Gen Z Renters to Your Developments

How to Pull Gen Z Renters to Your Developments | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

According to survey conducted by Freddie Mac, the percentage of renters who aren’t interested in owning a home has increased 13% since 2016 and now sits at 20%.

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Alaska Airlines begins ticket sales for 18 daily flights from Paine Field north of Seattle –

Alaska Airlines begins ticket sales for 18 daily flights from Paine Field north of Seattle – | Dylan Simon -- Colliers International | Scoop.it
Alaska Airlines plans to serve eight cities from Paine Field (airport code PAE) with regular service
Dylan Simon's insight:

Alaska Airlines plans flights to serve eight cities from Paine Field with regular service, providing much needed airport accessibility for north King and Snohomish Counties.

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Legacy Partners Announces Grand Opening of The Triangle in Downtown Redmond, WA

Legacy Partners Announces Grand Opening of The Triangle in Downtown Redmond, WA | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

With the light rail scheduled to arrive by 2024, Redmond is rapidly growing presence as a major urban center in the PNW.

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Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility

Seattle Gives Green Light to Northgate Mall Redevelopment Plan with New NHL Seattle Facility | Dylan Simon -- Colliers International | Scoop.it
In addition to the ice center, over 1.3 million square feet of mixed-use office, retail and parking space is proposed to the site with over 1,000 housing units in four mixed-use residential towers and two hotels totaling 372 rooms.
Dylan Simon's insight:

"In addition to the ice center, over 1.3 million square feet of mixed-use office, retail and parking space is proposed to the site with over 1,000 housing units in four mixed-use residential towers and two hotels totaling 372 rooms."

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Port of Seattle plans $340M cargo investment and explores new cruise ship facilities

Port of Seattle plans $340M cargo investment and explores new cruise ship facilities | Dylan Simon -- Colliers International | Scoop.it
"We believe it will be one of the premier container cargo facilities on the entire West Coast," Northwest Seaport Alliance CEO John Wolfe said.
Dylan Simon's insight:

"We believe it will be one of the premier container cargo facilities on the entire West Coast," Northwest Seaport Alliance CEO John Wolfe said. These improvements will both greatly increase cargo efficiency and expand cruise liner presence in the PNW.

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Foreign Buyers Continue to Boost U.S. Investment Sales Volume

Foreign Buyers Continue to Boost U.S. Investment Sales Volume | Dylan Simon -- Colliers International | Scoop.it
While Chinese investors have stepped back, other foreign capital sources have increased their acquisition activity.
Dylan Simon's insight:

"While Chinese investors have stepped back, other foreign capital sources have increased their acquisition activity. 2018 is on pace to deliver what could be a record high year of foreign investment sales in the current cycle."

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Indy Home Vault, LLC's comment, November 8, 2:02 AM
great news
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Why Jerome Powell Thinks This Time Is Different

Why Jerome Powell Thinks This Time Is Different | Dylan Simon -- Colliers International | Scoop.it

Rather than inflation, bursting asset bubbles brought recent cycles to an end. So as long as financial imbalances don’t return, and some shock like a war doesn’t come along, Mr. Powell is confident unemployment can stay much lower than in the past without forcing the Fed to kill off the expansion with higher interest rates.

Dylan Simon's insight:

As the Phillips curve continues to flatten, Jerome Powell believes current market conditions can continue "effectively indefinitely."

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Don’t Try to Time the Recession

Don’t Try to Time the Recession | Dylan Simon -- Colliers International | Scoop.it
Buy the right asset and maintain quality underwriting standards and you won’t need to time the next correction Hessam Nadji says at RealShare Apartments.
Dylan Simon's insight:

A good look at what is ahead from the RealShare Apartments event last weekend.

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Seattle is the nation’s fastest growing tech hub 

Seattle is the nation’s fastest growing tech hub  | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

No city has added more tech jobs in the last two years than Seattle, according to a new report, as companies from San Francisco and other hubs continue to flock to the Pacific Northwest to take advantage of its top-tier talent. 

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Changing Compensation Costs in the Seattle Metropolitan Area

Changing Compensation Costs in the Seattle Metropolitan Area | Dylan Simon -- Colliers International | Scoop.it
Total compensation costs for private industry workers increased 7.8 percent in the Seattle-Tacoma-Olympia, Wash. metropolitan area for the year ended June 2018.
Dylan Simon's insight:

Seattle housing costs may be on the rise, but so are our paychecks! According to Bureau of Labor Statistics, Total Compensation in Seattle is growing twice as fast as other top metropolitan regions in the U.S.  

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Seattle Job Gains Hit Two-Decade High

Seattle Job Gains Hit Two-Decade High | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Seattle is experiencing its best annual job gains in two decades, as gains hit 67,000 jobs in August 2018.

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Here are 4 "buy" cities for multifamily investment

Here are 4 "buy" cities for multifamily investment | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Strong employment growth and a constrained construction pipeline has led to an average of 7.7% rent growth in Tacoma since 2015, making it one of the nations most attractive multifamily markets.

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Big banks slip into bear market territory as rates rise

Big banks slip into bear market territory as rates rise | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

“Among the 39 ‘Sifis’, financial institutions considered systemically important by the Basel-based Financial Stability Board, 16 are down more than 20 per cent from their recent peaks in dollar terms, meeting the standard definition of a bear market.… The synchronised dips were a sign of global financial stress, said Ian Harnett, managing director of global strategy at Absolute Strategy Research in London, who this week used the data to send out his first ‘Black Swan’ alert since 2009.”

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Low Tide Properties Acquires Self-Storage Facility in Seattle for $12.25MM Where Mixed-Use Development is Planned

Low Tide Properties Acquires Self-Storage Facility in Seattle for $12.25MM Where Mixed-Use Development is Planned | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Low Tide and Continental Properties to build mixed use project with 104 hotel rooms and 44 residential units in downtown Seattle.

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Seattle Primary Metro to Benefit from Bay Area Tech Expansion

Seattle Primary Metro to Benefit from Bay Area Tech Expansion | Dylan Simon -- Colliers International | Scoop.it

Bay Area, Seattle, Puget Sound, San Francisco, Atlanta, Los Angeles, Orange County, Silicon Valley, Portland, Tech 30

Dylan Simon's insight:

"While San Francisco’s high tech job base grew by 22 percent, Seattle’s grew by nearly 26 percent. Seattle also posted the fourth highest rate of office market rent growth at 13.9 percent."

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Why WeWork may have its landlords in a corner

Why WeWork may have its landlords in a corner | Dylan Simon -- Colliers International | Scoop.it
The idea of “too big to fail” has long applied to banks and whether the government would come to the rescue to prop them up, but in this case, landlords all over the world might find themselves in the uncomfortable position of having to help save a failing tenant simply because the tenant is so large.
Dylan Simon's insight:

"The idea of “too big to fail” has long applied to banks and whether the government would come to the rescue to prop them up, but in this case, landlords all over the world might find themselves in the uncomfortable position of having to help save a failing tenant simply because the tenant is so large."

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Property Demand Seen Driving Sales, Leasing at Real Estate Brokerages Into 2019

Property Demand Seen Driving Sales, Leasing at Real Estate Brokerages Into 2019 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Despite volatility in stocks and other financial markets, commercial real estate is still showing strength, disciplined investment and good access to debt capital, said Colliers Chief Executive Jay Hennick.

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Seattle Set to Crack 300,000 Downtown Jobs

Seattle Set to Crack 300,000 Downtown Jobs | Dylan Simon -- Colliers International | Scoop.it

Downtown is home to the largest share of Seattle's job growth, and the continued investment shows a high level of confidence in the continued growth of the metro area.

Dylan Simon's insight:

Downtown is home to the largest share of Seattle's job growth, and the continued investment shows a high level of confidence in the continued growth of the metro area.

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Facebook set for major expansion of Seattle engineering center with huge new office leases 

Facebook set for major expansion of Seattle engineering center with huge new office leases  | Dylan Simon -- Colliers International | Scoop.it

"Facebook is dramatically expanding its engineering center in Seattle, leasing a huge chunk of office space in the South Lake Union neighborhood that is also home to Amazon and a future campus for Google."

Dylan Simon's insight:

Facebook continues to rapidly grow presence across the Northwest with over 1.13 million square feet of office space

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Could Renton become the next big tech hub of the Pacific Northwest?

Could Renton become the next big tech hub of the Pacific Northwest? | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Renton is no longer just an industrial hub. Between 2000 to 2010, the city’s population doubled, and it continues to grow. 

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Identifying Lucrative Value-Add Multifamily Opportunities as the Cycle Lengthens

Identifying Lucrative Value-Add Multifamily Opportunities as the Cycle Lengthens | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

"Diamond-in-the-rough" properties present high potential for growth at this point in the cycle.

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The Mighty Micro-Apartment: What Millennials and Generation Z Crave from the “Tiny Living” Movement

The Mighty Micro-Apartment: What Millennials and Generation Z Crave from the “Tiny Living” Movement | Dylan Simon -- Colliers International | Scoop.it
Small-scale apartments tend to emphasize lifestyle over space and enables inhabitants to worry less about rent and utilities,
Dylan Simon's insight:

"Small-scale apartments tend to emphasize lifestyle over space and enables inhabitants to worry less about rent and utilities"

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The Best Places For Business And Careers 2018: Seattle Leads The Way

The Best Places For Business And Careers 2018: Seattle Leads The Way | Dylan Simon -- Colliers International | Scoop.it
A booming economy and highly educated workforce propel Seattle to the top spot in Forbes' 20th annual look at the best business climates of the 200 largest metros in the U.S.
Dylan Simon's insight:

For the first time, Seattle takes the top spot on Forbes' list of Best Places for Business and Careers.

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Costco gets OK to start big expansion next year on headquarters in Issaquah

Costco gets OK to start big expansion next year on headquarters in Issaquah | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Costco's HQ expansion is set to add space for 4,000 employees in Issaquah's newly-defined urban core. Construction of the 1.3 million-square-foot expansion is expected to begin by Q3 2019.

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Strategies for driving multifamily ROI growth.

Strategies for driving multifamily ROI growth. | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

As the amenity arms race wages on, technology focused on convenience continues to be the most sought after item on renter wish lists. 

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