Dylan Simon -- Colliers International
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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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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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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.
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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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Federal Way light rail clears hurdle toward $790M federal grant

Federal Way light rail clears hurdle toward $790M federal grant | Dylan Simon -- Colliers International | Scoop.it
Sound Transit's Federal Way light rail extension yesterday cleared a key hurdle toward getting a $790 million Capital Investment Grant from the Federal Transit Administration.

The FTA approved the project moving forward to the engineering phase, which locks in the CIG funding amount at $790 million,
Dylan Simon's insight:

Sound Transit's Federal Way light rail extension yesterday cleared a key hurdle toward getting a $790 million Capital Investment Grant from the Federal Transit Administration. The FTA approved the project moving forward to the engineering phase, which locks in the CIG funding amount at $790 million, 

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Hines' Amazon Tower Latest Sign of Building Boom in Bellevue, Washington

Hines' Amazon Tower Latest Sign of Building Boom in Bellevue, Washington | Dylan Simon -- Colliers International | Scoop.it
nline retailer Amazon's decision to lease space in developer Hines' Summit III tower, currently underway in downtown Bellevue, Washington, helps bring almost four years of planning the 17-story project to fruition, further fueling the record office growth in this expanding Seattle suburb.
Dylan Simon's insight:

Amazon's decision to lease space in developer Hines' Summit III tower, helps bring almost four years of planning the 17-story project to fruition, further fueling the record office growth in this expanding Seattle suburb.

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Isola plans 58 Ballard units near Swedish

Isola plans 58 Ballard units near Swedish | Dylan Simon -- Colliers International | Scoop.it
Isola acquired the 6,000-square-foot property last October for $1.9 million.
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Isola acquired the 6,000-square-foot property last October for $1.9 million.

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Prime Capitol Hill development site sells for over $21M

Prime Capitol Hill development site sells for over $21M | Dylan Simon -- Colliers International | Scoop.it
mmercial buildings at 1651 E. Olive Way and 123 - 127 Boylston Ave. E. have sold for about $21.4 million, according to King County records.
Dylan Simon's insight:

The four parcel site was purchased by Low Tide Properties of Vancouver, B.C. No new plans have been filed yet for the site.

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Dropbox tripling size of Seattle engineering outpost with office lease in new downtown skyscraper

Dropbox tripling size of Seattle engineering outpost with office lease in new downtown skyscraper | Dylan Simon -- Colliers International | Scoop.it
The Bay Area-based file storage and sharing giant has taken four floors totaling 120,886 square feet at the 38-story 2 + U office tower being built in downtown Seattle
Dylan Simon's insight:

The Bay Area-based file storage and sharing giant has taken four floors totaling 120,886 square feet at the 38-story 2 + U office tower being built in downtown Seattle

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East Link light rail now halfway done

East Link light rail now halfway done | Dylan Simon -- Colliers International | Scoop.it
The agency officially broke ground on the 14-mile line in April 2016, and is slated to wrap up in 2022. Service begins in 2023, connecting downtown Seattle to Overlake in Redmond.
Dylan Simon's insight:

The agency officially broke ground on the 14-mile line in April 2016, and is slated to wrap up in 2022. Service begins in 2023, connecting downtown Seattle to Overlake in Redmond.

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Seven Ways to Urbanize the Suburbs 

Seven Ways to Urbanize the Suburbs  | Dylan Simon -- Colliers International | Scoop.it
Though the emerging suburban hubs may never have the plethora of attractions that urban downtowns do, many have enough “pockets of urbanity” to make a dynamic, live/work/play life possible
Dylan Simon's insight:

Though the emerging suburban hubs may never have the plethora of attractions that urban downtowns do, many have enough “pockets of urbanity” to make a dynamic, live/work/play life possible.

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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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Boeing Commercial Airplanes plans record 737 Max output in Renton

Boeing Commercial Airplanes plans record 737 Max output in Renton | Dylan Simon -- Colliers International | Scoop.it

Boeing plans an ambitious rebound for its 737 Max manufacturing efforts just months after the jet was grounded worldwide

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Boeing plans an ambitious rebound for its 737 Max manufacturing efforts just months after the jet was grounded worldwide.

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Top 10 Largest Multifamily Completions in the Pacific Northwest

Top 10 Largest Multifamily Completions in the Pacific Northwest | Dylan Simon -- Colliers International | Scoop.it
The below top 10 list of largest projects completed during the last four quarters shows that only one such development is located in Portland, which is indicative of the apartment boom in the Emerald City.
Dylan Simon's insight:

The below top 10 list of largest projects completed during the last four quarters shows that only one such development is located in Portland, which is indicative of the apartment boom in the Emerald City.

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Growth Path Boosts South Snohomish Investor Appeal

Growth Path Boosts South Snohomish Investor Appeal | Dylan Simon -- Colliers International | Scoop.it
Indeed, while North Snohomish saw banner growth begin to taper, affluent cities in South Snohomish have become an attractive alternative to Bellevue, pushing rental rates and higher pricing for new construction, according to a report by Colliers International.
Dylan Simon's insight:

Indeed, while North Snohomish saw banner growth begin to taper, affluent cities in South Snohomish have become an attractive alternative to Bellevue, pushing rental rates and higher pricing for new construction, according to a report by Colliers International.

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Simon Property Group's plan for big Seattle office complex

Simon Property Group's plan for big Seattle office complex | Dylan Simon -- Colliers International | Scoop.it
The "re-envisioned" Northgate, as mall owner Simon Property Group calls the massive redevelopment that will eliminate the Nordstrom building and several others, will have nearly 978,500 square feet of office space,
Dylan Simon's insight:

The "re-envisioned" Northgate,  that will eliminate the Nordstrom building and several others, will have nearly 978,500 square feet of office space

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A Growth Surprise Could Shock Markets

A Growth Surprise Could Shock Markets | Dylan Simon -- Colliers International | Scoop.it
Recession fears have captured the markets’ attention in recent weeks, but some investors say the bigger impact could be a surprise return to growth.
Dylan Simon's insight:

Recession fears have captured the markets’ attention in recent weeks, but some investors say the bigger impact could be a surprise return to growth.

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Home prices down in King County, up elsewhere, new report shows

Home prices down in King County, up elsewhere, new report shows | Dylan Simon -- Colliers International | Scoop.it
But in the three suburban metro counties, prices climbed.

Kitsap and Snohomish counties led the way with increases of just over 5.2 percent, to $359,200 and $500,000, respectively. Prices in Pierce County increased 3.75 percent to nearly $363,100.
Dylan Simon's insight:

Kitsap and Snohomish counties led the way with increases of just over 5.2 percent, to $359,200 and $500,000, respectively. Prices in Pierce County increased 3.75 percent to nearly $363,100.

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