 Your new post is loading...
 Your new post is loading...
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
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,”
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
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
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
Tableau finished the year with a headcount of 4,181, up 19 percent from the end of 2017, when it had 3,489 employees.
|
Scooped by
Dylan Simon
|
, investment in core properties is coming back into favor, with 41 percent of respondents choosing it as the most attractive strategy at the current point in the cycle compared to just 29 percent in 2018.
|
Scooped by
Dylan Simon
|
Investors should be keen on apartment assets due to strong fundamentals, opportunities for both buyers and sellers, and an abundance of capital.
|
Scooped by
Dylan Simon
|
Unico Investment sold a 27-building office portfolio of repositioned historic and newly constructed assets totaling 1.8 million square feet to Broad Street Principal Investments, an affiliate of Goldman Sachs.
|
Scooped by
Dylan Simon
|
Blackstone’s real estate funds typically use $2 of debt for every dollar of equity. To illustrate the fund’s financial strength the WSJ noted that $60 billion exceeds the value of all commercial real estate purchased in New York, Chicago and San Francisco in the first 11 months of last year, according to Real Capital Analytics.
|
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
The three buildings were among the first new multifamily housing near Yesler Terrace, which is now undergoing a transformation of its own.
|
Scooped by
Dylan Simon
|
“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.”
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
Seattle, WA saw rent grow $40 to $1,940 but stayed the second priciest city.
|
Scooped by
Dylan Simon
|
Bremerton-based developer Sound West Holdings LLC plans to tap into this activity by building Marina Square. The approximately $129 million downtown development
|
Scooped by
Dylan Simon
|
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.
|
Scooped by
Dylan Simon
|
Non-LIHTC Forward loans allow developers to secure favorable terms for projects featuring affordable and workforce housing.
|
Scooped by
Dylan Simon
|
ScanlanKemperBard has plans to further elevate the stature and improve the bustling Original Rainier Brewery property, while maintaining its historic integrity.
|
Scooped by
Dylan Simon
|
The challenges and opportunities of transforming historic buildings into engaging mixed-use residential destinations.
|
Scooped by
Dylan Simon
|
T-Mobile is outpacing the rest of the Big Four US carriers on value, loyalty, and satisfaction — here's what consumers say is most important when selecting a mobile provider
|
Scooped by
Dylan Simon
|
many of the tech startups planting their flag in Silicon Valley to be near angel investors, venture capitalists, investment banks, and tech talent are keeping only small teams there. They are increasingly utilizing less-costly satellite offices, remote co-working spaces, or other remote-work options for the majority of their employees.
|
"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."