PACIFIC NORTHWEST COMMERCIAL REAL ESTATE NEWS
Oregon, the Rent Control State
Governor Kate Brown signed legislation last week making Oregon the first state to enact statewide rent control. One would be hard put to identify an economic policy with a .... ‘The light rail is coming’: Link brings growth to Lynnwood As light rail crawls its way toward Lynnwood, the city is preparing for an expected influx of more than 17,000 residents by 2035. Seattle's Civic Square skyscraper project faces more delays - Bosa Development has updated its plan for Civic Square, but one thing hasn't changed: development of the skyscraper project remains on the slow track. Hudson Pacific, Blackstone join forces to go into Vancouver, BC, market - Hudson Pacific Properties, a major commercial real estate player in Seattle, on Wednesday said it will form a joint venture with an affiliate of ..... Seattle council unanimously expands landmark affordable housing program The Seattle City Council on Monday voted 9-0 to extend the controversial Mandatory Housing Affordability program to 27 more ... Bidets in Redmond, a treehouse in South Lake Union and other trendy amenities that draw renters - To compete against the flood of new apartment projects, two Seattle-area development companies are upping their ..... Greystar is the latest developer with plans for U District student-housing tower A global apartment owner plans to develop a student housing tower near the University of Washington's main campus, according the city JBG Smith seeking approval for Amazon HQ2 building upgrades - JBG Smith Properties (NYSE: JBGS) is advancing plans to host Amazon.com Inc.'s second headquarters as the Arlington County Board prepares to vote... Big office leases are on the horizon, but industry leaders foresee slowdown The commercial real estate market in the Seattle area has been thriving for years, prompting many onlookers to ponder when ... $75M facility will make Northgate the 'epicenter' of NHL growth in the Northwest (Images) - The owner of Seattle's Northgate Mall has updated the plan to turn the 55-acre shopping center into a mixed-use ..... There is 'loads of interest' in the new opportunity zone - Sarah Lee is the project director for the industry sector development program in the Washington State Department of Commerce’s Office of Economic ..... Capitol Hill getting region's first LGBTQ housing development - A nonprofit provider of low-income housing is in the early stages of planning a Seattle senior housing development for members of the LGBTQ .... |
Blockbuster sale: Amazon-occupied complex sells in record deal - Spanish retailing titan Amancio Ortega's Ponte Gadea real estate company has paid $740 million for the Amazon-occupied Troy Block campus in .....
Developers find creative ways to presell views, condos in Seattle area (Photos) Chris Garvin pictures himself standing on his new deck in a 45-story condo, drinking coffee while looking at Mount Rainier in ..... Kirkland office landlord gets 'insane' $53M offer for lakefront building - Clarion Partners was in the right place at the right time last fall when it paid $39.25 million for a four-story office building on Lake Washington .... Tower developments sprouting all over downtown Bellevue - High-profile office tower proposals have been sprouting in downtown Bellevue, and now come plans for even more residential towers. New study: Waterfront park is Seattle's new weapon to retain tech talent Seattle's new waterfront park will have different economic impacts, including potentially stemming the loss of tech talent. Summer construction start eyed for big project on controversial block - A Seattle development company is gearing up to start building a mixed-use development on the Central District Midtown Center property,... Jeff Bezos was hands off with HQ2 search — and this is why - From his 27,000-square-foot home in the Kalorama neighborhood to his ownership of The Washington Post, there were signs that Amazon.com Inc. CEO Jeff.... Skyscraper, shorter hotel planned for Bellevue's Washington Square - A 45-story residential tower is planned for the Washington Square block in downtown Bellevue, according to the city's Thursday .... 'Ovation' for Seattle apartment market as two-tower project starts construction If anyone's a believer in Seattle's softening apartment market, it's LMC. The division of Lennar on Tuesday said that.. Deconstructing Dargey: Investors continue green card pursuit years after the Potala Tower scandal - The day before Arrivé’s grand opening, Brad Sher sat in the light-filled Currant Bistro at the base of Belltown’s |
Viaduct gold rush: Big money flows into area around doomed Seattle highway - The result — as with most investment booms — is likely to be a more vibrant area with more workers, residents and shops but also with higher ....
Seattle City Council passes Mandatory Housing Affordability legislation Councilmember Rob Johnson (Dist. 4 – Northeast Seattle), Chair of the Select Committee on Mandatory Housing ..... Opinion: Investors should understand the risks of condo development in Seattle Seattle’s downtown has seen numerous new apartment towers constructed over the last six years, but new condos have not been started... University District upzone sparks frenzy of apartment projects - One high-rise is under construction in Seattle’s University District, eight more are being planned and more surely will follow should the economy continue to .... Onni seeks excavation permit for big South Lake Union office project - The Onni Group of Cos. has applied for a shoring-and-excavation permit for a two-tower mixed-use office project on the site of the former Seattle Times' Mixed-use tower proposed for top of Tesla's South Lake Union building - A Seattle company wants to build a mixed-use tower on top of nearly century-old brick South Lake Union building where Tesla operates a store ..... Bellevue-based Paccar plots giant Louisville operation - Bellevue-based Paccar Inc. filed a development plan with Louisville Metro Government this week to build nearly 700,000 square feet of office and warehouse space ..... Pop-up hotel eyed for new Belltown apartment tower Part of a new apartment tower in Seattle's Belltown neighborhood may become a temporary hotel. The land of OZ: Opportunity zones change the game for real estate investors - Opportunity zones are the hot new topic nationally, but most real estate professionals are still trying to wrap their heads around the complicated... Seattle Genetics' new Bothell campus sells for $63M - For the second time in a little over a month, Blackstone Group subsidiary EQ has sold a large office complex in Bothell, with Seattle Genetics' new office the latest ..... Construction starts on International District's first high-rise condo - Construction is underway on a condominium high-rise in Seattle, though this one will rise in the Chinatown-International District, which hasn't Land use application now granted for new 7 story building in the Junction - A land use permit has been issued for a new 7-story building with 49 apartment units, 25 small efficiency dwelling units (74 units total) and .... |
NATIONAL REAL ESTATE NEWS
How E-Commerce Is Leveling The Property Playing Field For Smaller Retailers Commercial real estate investors, lenders and service providers are cautiously reading the headlines of yet another store closure.....
Migration Trends Fuels Business Growth for CRE Services - In mid-December the U.S. Census Bureau released figures on population growth over a 12-month period that ended July 1, 2018, as well as migratory... Top 10 tech, apps this commercial broker uses every day - Often, I have opined how our residential counterparts have the edge on commercial real estate professionals when it comes to our use of technology. Simply, it..... Gap, Victoria's Secret and even Tesla: 4,300 store closures already announced this year A recent wave of store closure announcements will hit shopping malls across the U.S., leaving hundreds of .... Cyberattacks A Growing Concern For Commercial Real Estate Executives Seyfarth has released the results of its fourth annual Real Estate Market Sentiment Survey, which polled commercial real estate ..... AMAZON HQ2 EXIT LED TO LOCAL REAL ESTATE PRICE HIT OF 13%, PRO WARNS After a drawn-out competition and much fanfare, e-commerce retail giant Amazon announced and then dropped pans for a .... CREtech’s Michael Beckerman: Get on the Tech Bandwagon Already! - Some 30 years ago, Beckerman entered commercial real estate when he started his own PR agency, Beckerman PR—which has repped the likes.... Experts See Hope for Soft Landing in Weaker Jobs Report - At first blush, the February employment report—which showed a sharp drop in new hiring when it was released last Friday—looked like a nasty shock. U.S. Commercial Real Estate Lenders Expect a Strong 2019 - Alternative lenders increased their market share in the commercial real estate debt sector in 2018, panelists said at a ULI North Texas event in March. Three Ways Investors Can Increase Agility In Uncertain Commercial Real Estate Markets Over the last few months, news channels have been filled with stories about movements that are directly affecting the... Changing Commercial Spaces: Six Strategies For Staying Ahead - Commercial settings vary as widely as the different types of tenants or vendors working — or potentially living — within them. This abundance of possibilities... Amazon's $325M project in small Alabama town faces delays The first Amazon.com Inc. fulfillment center in Alabama will be opening later than initially planned. |
Commercial Real Estate Execs Arrested In Massive Bribery Scheme To Get Kids Admitted To Elite Universities - CEOs and presidents of major real estate and development companies were among the more than two dozen prominent and well-...
How A.I. Is Making Supermarkets Less Exhausting - IT’S BEEN YEARS since technology began helping urbanites avoid the teeming aisles and whimsical “organization” of grocery stores. Despite the advent of...... Top Concern for CRE Execs: Interest Rates Executives also worry that a recession may be on the way, according to Seyfarth Shaw’s fourth annual Real Estate Market Sentiment Survey. A 20-Year View of Commercial Real Estate Finance: Part I - Looking back over the last two decades, commercial real estate finance has gotten more complex, but also smarter. CMBS has imposed some unusual measures... A 20-Year View of Commercial Real Estate Finance: Part II - ....Part I of this article...Part II of this article will cover changes in the capital stack, loan workouts, nonrecourse carveout guaranties, dual collateral pledges, and ..... Matching Algorithms are Changing the Way Commercial Real Estate is Financed - A recent reported estimated that the 2017 total dollar value of commercial real estate was between $14 and $17 trillion. An asset class... Where Are Cap Rates Going in the Four Core Property Sectors? - With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through... CRE Investors More Wary of Risk in 2019, But Prefer Secondary Markets Because of Higher Yields, CBRE Survey Finds - Value-add and “good secondary market” plays are the preferred investment strategies this year. Why Commercial Real Estate Will Be Fine There are many in the market who think that real estate, and perhaps particularly commercial real estate, is in for a real headache. The real estate market tends to.... Which companies dominated multifamily and commercial real estate financing in 2018? Earlier this year, both Fannie Mae and Freddie Mac revealed which commercial and multifamily real estate lenders and ..... |
Drones in Real Estate: Uses, Challenges
The construction industry has undergone substantial changes over the past decade. Due to a considerable labor shortage, projects take longer to complete and ..... Sluggish Issuance Volume Doesn’t Deter CMBS Investors - CMBS stats may be slipping, but investors are still finding ample buying opportunities among new issuance conduits, single asset, single borrower deals and .... Commercial real estate fundamentals remain strong - Commercial real estate fundamentals are generally strong in North America and Europe, which bodes well for another solid year for investors, according to a panel of .... Three Ways Investors Can Increase Agility In Uncertain Commercial Real Estate Markets Over the last few months, news channels have been filled with stories about movements that are directly affecting the U.S. Some CRE Investors Switch Up Strategies as They Weigh Risk - This year, commercial real estate investor Muri Richardson will stay the course with investments into office buildings that need repositioning, while life company... Canyon Partners Co-Chairman Friedman on Commercial Real Estate, Credit Markets and Exposure to Risk - Canyon Partners Co-Chairman Josh Friedman discusses how the firm is investing in real estate, the state of.... National Cheat Sheet: Real estate’s top billionaires revealed, retail apocalypse continues… & more - Around 230 Gap stores and 53 Victoria’s Secret stores will be closing, their respective parent companies have said. Hire A Programmer To Turbocharge Your CRE Business - Most commercial real estate investors, developers and brokers want to make their organizations more efficient, but it can be expensive to buy new software or hire Real Estate Investors Shouldn't Give Up On Retail - REAL ESTATE INVESTING can offer a hedge against market volatility while enhancing diversification in a portfolio, but some sectors may outperform others. Port Hueneme's marijuana industry has commercial property values blazing - The last time the six-building property at 250 S. Surfside Drive in Port Hueneme changed hands, in 2000, Ventura County listed its.... A Recession May Be Coming, but Not for Commercial Real Estate Investors Financial headlines have been full of worries about a possible recession and a downturn in commercial real estate markets. Commercial Real Estate Still Struggles with the Talent Deficit. What Solutions Are Available? - A recent report from consulting firm Deloitte looks at some ways to increase the talent pool for CRE positions. |
International Real Estate News
Status of commercial real estate in Edmonton
From debate over business taxes to new office towers cropping up in downtown Edmonton, Dave Young with CBRE Edmonton gives us an update on the commercial real ... Realtors: Demand for commercial retail property weak; price a factor - For more than a year, Tropical Pointe Plaza shopping center has not had a new tenant, leaving five of its nine retail spaces vacant. Commercial Real Estate: Faster networks, smarter buildings to transform our cities Construction industry executive Jeff Hansen-Carlson gestures toward his data chart on a big screen that depicts various industries..... Commercial real estate is surging ahead Australia’s residential markets may be suffering right now but the commercial sector is powering ahead. What’s behind the surge and will it take the.... Three Swiss Firms Complete ‘First’ $3 Mln Real Estate Transaction on Blockchain - Blockchain property transaction platform blockkimo Ltd along with two other companies have jointly completed “the first” real estate transaction... US investors remain top buyers of Asia-Pacific commercial property - Investors from the United States continued to be the biggest spenders on commercial property in Asia-Pacific in the first quarter of 2019, according... |
Backing China’s Big Bet on Smart Cities
China’s largest insurer is backing the nation’s ambitious smart city program with investment in technology, panelists said during the ULI Asia Pacific Leadership Convivium, held in Shenzhen, China. Value of Calgary commercial real estate deals climbs 16%, report says - New data from the Altus Group, a commercial real estate services company, shows that 2018 marked the third consecutive year of investment ..... New downtown towers to impact commercial real estate in Saskatoon: report A recent report says that two new office towers in Saskatoon will have a trickle-down effect on commercial real estate in the city. PEs ditch residential projects for commercial real estate - Commercial real estate investments from institutional investors are at a four-year high in India as investments in residential projects have dropped to a ... |
Province and City Reports
Commercial real estate plays a significant role in the Canadian economy, creating valuable jobs and producing billions in revenue across provinces. Multi-family units are built more in leading markets - Over the past year, the ratio of condos built in Canada’s hottest markets was much higher compared to any other residential asset type, according to a new .... Global Private Equity Snaps Up Chinese Commercial Property A flurry of private equity funds buying commercial property in China is reviving syndicated loan volumes in the region. How New Tax Law Impacts UK Commercial Real Estate Investors - Investors in American commercial real estate may not be aware of the benefits that are now available to companies organized in the United States.... Commercial Real Estate: Green building codes could be boon for business - The Vancouver Economic Commission (VEC)’s Green Building Market Forecast says that B.C.’s Energy Step Code (ESC) could generate $3.3 billion over... China’s Belt and Road property boom cools off - A global real estate boom fueled by China’s ambitious Belt and Road Initiative has slowed to a crawl, as Beijing seeks to rein in rogue building projects across the developing |
Multifamily Real Estate News
Multifamily Knoxville Report – Winter 2019
As the cycle stretches further, Knoxville’s multifamily market is showing signs of growth. A combination of slow construction activity and healthy demand is putting .... Microsoft Pledges $500M to Affordable Housing - Microsoft has pledged $500 million to address the affordable housing crisis in Washington state on the Eastside of King County and in the Puget Sound region,...... Why U.S. Apartment Rentals Will Continue to be a Good Investment Choice As Americans see lower net worth and higher student debt levels, renting will continue to be a preferred choice for many. Multifamily Market Outlook Remains Strong A murky economic outlook has many multifamily investors opting to take a wait-and-see approach in 2019. So finds Capital One’s fifth annual RealShare Apartments .... MBA: Commercial, multifamily mortgages continue performing historically well - It was basically the same song, different verse for commercial and multifamily mortgages at the end of 2018, with those mortgages continuing Many in Yakima spend too much on housing. The city is looking to ease the burden Throughout this year, the Yakima Herald-Republic will explore the challenges Yakima Valley residents face in securing affordable... Multifamily Volume Surges Full Steam Ahead in 2019 - Volume in major markets surged 24.8% year-over-year, led by increases of more than 40% in San Francisco last year and Reliant Group just purchased a seven-asset ... Multifamily and CRE loan debt sees largest rise since housing bubble - Commercial and multifamily mortgage debt outstanding grew 6.8% in 2018, benefiting from strong employment numbers and strained ..... San Diego Multifamily Sales Double in 2H18 San Diego multifamily sales surged in the second half of 2018 after a slow start to the year. According to research from CBRE, multifamily sales doubled in the second half... Multifamily Leads Phoenix Investment Market Multifamily is leading Phoenix investment activity—and for good reason. In the last few years, Phoenix has benefited from economic growth and diversity, population growth and.. Multifamily Mixed Use Continues to Dot Transit Lines - The high cost of living is affecting residents across the region. Average monthly rental rates are $2,726 across all nine counties, up 4.8% from a year ago, according to a fourth quarter multifamily.... |
Political Climate May Hurt Industry, Multifamily Professionals Say - At the National Multifamily Housing Council’s recent annual meeting, financial corporation Capital One found that several multifamily professionals believe the nation’s political uncertainty may slow activity in the industry in 2019.
How To Invest In Multifamily With A Recession Ahead - While no one holds a crystal ball, it is no secret that real estate investors are playing in the ninth inning. With a recession on the horizon, what do you do? Do you choose to stop buying so that brokers forget about you? Or, even worse, do you stop .... US housing starts jump more than expected in January - Housing starts jumped 18.6 percent to a seasonally adjusted annual rate of 1.230 million units in January, the Commerce Department said on Friday. Seattle passes Mandatory Housing Affordability plan to allow its densest neighborhoods to become even denser - Four years and 40 Seattle City Council meetings later, the plan to surgically allow taller and ..... Commercial/Multifamily Mortgage Debt at $3.39T in 2018 - The level of commercial and multifamily mortgage debt outstanding hit $3.39 trillion by the end of 2018, according to new data from the Mortgage Bankers..... Renter Boom Has Property Managers Seeking an Edge - With multifamily housing development reaching new heights and more people renting now than at any point in the last 50 years, the multifamily housing market Oregon Rent Control Law Worries Multifamily Sector Experts While the law still allows for healthy rent increases and excludes new construction, experts worry it might one day be expanded. Baltimore Multifamily Report – Winter 2019 Despite a cycle peak in new apartment developments last year, demand remained strong, maintaining occupancy within a relatively tight range. Albuquerque Multifamily Report – Winter 2019 Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way. |
Multifamily Construction Spending Hits New Record High in December
Multifamily construction spending increased 3.1% to a $65.2 billion annual pace, reaching a record high. Multifamily Still The King Of Investment Volume, But This Year Could Be Different Investors haven't lost their appetite for U.S. apartment properties, with investment sales up 15.1% to $167.5B in 2018 compared with... Smart Living Technology Enhances Multifamily Amenities - Developer Greystar is integrating smart technology features into its high-rise amenity package at Parq on Speer in Denver. The project will feature a broad ..... Renter Boom Has Property Managers Seeking an Edge - SEATTLE—With multifamily housing development reaching new heights and more people renting now than at any point in the last 50 years, the multifamily housing market RedHill Realty Purchases $72M WA Community - Berkadia arranged the sale on behalf of FPA MultiFamily in its disposition of MIRO at Dash Point, a 386-unit garden-style property in Federal Way. Detroit Multifamily Report – Winter 2019 Demand is steady in Detroit, bolstered by household formation and job gains. Drawn by the metro’s low entry costs and attractive yields, investors targeted assets with a ..... Pros & Cons of Multifamily Property Management - As someone who’s been in this industry for years, I’m often asked by investors what is the better investment: single-family or multifamily? Entry Level, Affordable Housing Are Rare Commodities - Fannie Mae reports there are more than 40,000 households in Seattle paying in excess of 50% of income on rent. As entry-level housing remains a need for ..... Denver Multifamily Report – Winter 2019 Although deliveries hit a cycle peak, the metro’s rapidly expanding economy and steady demographic expansion continue to boost a sturdy rental market. Austin Multifamily Report – Winter 2019, Part 2 - Despite a steady pipeline of new product, rent growth across the metro continued, ending 2018 at 3.6 percent year-over-year, while a healthy demand has put upward .... The High-Earning Renter Segment Is Growing Fast - The high-earning renter segment is growing rapidly according to a recent report from Apartmentlist.com. The higher-earning renter household ($100,000 annual earnings) is the “fastest growing segment of the U.S. |
REIT BEAT
REIT Rally Ends, Homebuilders Slide On Busy Week Of Housing Data - REITs failed to extend their impressive 7-week rally, ending the month of February flat after surging more than 13% in January. The Nasdaq gained for ....
Will We See an Uptick in REIT IPOs in 2019? To put it mildly, 2018 wasn’t a banner year for REIT IPOs. Just five REITs went public last year, generating capital of nearly $3.3 billion. That’s lower than the nine REIT IPOs in 2017 and.... Reaping REIT Rewards In Retirement A wise man once said there was a time for every purpose under heaven, and that does seem to be true. There’s a time to be born and a time to die. The State Of REITs: March 2019 Edition After huge gains across the board in January, the stock market saw much more moderate gains in February. REITs stayed in positive territory (+0.44%) but fell short of the broader.. March Madness: Nothing But Net-Lease REITs Although I’m a REIT analyst, I must admit I'm extremely biased when it comes to “Nothing But Net-Lease REITs,” for two reasons: First, in a previous life I was a net lease..... Hawaiʻi Move To Strip Tax Deduction From REITs Gains Traction A bill is advancing through the Legislature that would eliminate a tax deduction for Real Estate Investment Trusts. |
Fed’s vow to keep rates in check a boon for REITS - It’s not just borrowers who are benefiting from the Federal Reserve’s decision to hold off on interest rate hikes so far this year. Real estate investment trusts...
The High Roller REITs I travel to Las Vegas at least once a year to attend the annual ReCon conference. Although gambling is never my primary reason for visiting “sin city," I always spend... Net Lease REITs: 'Power 3' O, NNN, STOR Lead The Surge - Net Lease REITs comprise roughly 7% of the REIT Indexes (VNQ and IYR). Within our Hoya Capital Net Lease Index, we track the seven largest REITs .... Real Estate Weekly: REITs And Builders Climb Despite Rough Week For Stocks - The real estate sector got back on track this week following a recently uncharacteristic down week. The REIT ETFs (VNQ and IYR) climbed... The Hidden Growth Themes In REITs Amazon (AMZN) founder Jeff Bezos is the world's wealthiest person. Amazon is one of the world's five largest companies by market capitalization. Its revenues put it in the top... 2019 REIT Trading Trends The Manufactured Home sector traded at the greatest median premium to NAV, at 19.3 percent. The Health Care and Self Storage REIT sectors were next in line ..... |
Will REITs Continue to Deliver Outsized Returns in 2019? - Thus far in 2019, REITs are on a roll, surging to double-digit returns following the sector’s weak performance in 2018. But will REITs continue outperforming...
Big Opportunity In Little REITs After a strong start to 2019, the REIT index appears to be approaching full value at 19.5X forward FFO. This may give the impression that the.... Recognizing Rock-Solid REITs Everyone knows the saying “hard as a rock.” It means exceptionally tough. Strong. Impenetrable even, or at least impenetrable without the application of significant and..... REIT Sector: Residential REITs Have The Wind At Their Back - Residential REITs are the second-largest sub-sector within the FTSE NAREIT Index with a market cap of over $159 billion, of which Apartment REITs make up.... REITs And Homebuilders Power Stocks To Best Quarter In A Decade - Real estate equities helped to power the US stock market to its best quarter in nearly a decade. The S&P 500 (SPY) surged nearly 13% for the .... REITs: Cheap Trash Versus Expensive Quality? The REIT market is very top heavy, the top 25 names make up over half of the market and the top three sectors are just under half. Any index that is market cap-weighted will be.... |