PACIFIC NORTHWEST COMMERCIAL REAL ESTATE NEWS
Skanska moves forward with 30-story apartment tower in Seattle - Skanska on Thursday shared preliminary details of a 30-story apartment tower it's planning for downtown Seattle's Belltown neighborhood.
Alaska Air to break ground, and silence, on major office expansion near SeaTac HQ Alaska Air Group will unveil plans and break ground Thursday on a new building between its corporate headquarters and flight training Gensler's bold design of new tower pays homage to Seattle's 'spite mounds' There are a lot of twisted things in the Denny Triangle neighborhood of downtown Seattle. The area's street grid, for instance, doesn't .... 48-story tower plan delayed again after appeal by neighbors A city of Seattle hearing examiner issued a mixed ruling over whether construction of a long-planned hotel and apartment tower at .... Washington Holdings buys pair of North Seattle grocery store properties, announces plans - Seattle real estate company Washington Holdings says it has bought the North Seattle properties where two soon.... 'Overheated' Seattle and S.F. will have highest U.S. construction cost increases in 2018, report says - Seattle and San Francisco, two booming tech hubs, will see the fastest construction cost increases in the U.S. this... Amazon's expected to take two more buildings in Bellevue Amazon.com's reaction to the proposed Seattle head tax seemed to make the sun shine brighter in Bellevue. Those grand plans for Seattle waterfront? Time for property owners to pay up, city says The Seattle City Council passed a resolution Monday declaring the city’s intent to create a local improvement district (LID) that would... |
Amazon Pauses Huge Development Plans in Seattle Over Tax Plan
Amazon abruptly escalated a fight with its hometown on Wednesday, halting major expansion plans in Seattle because of a tax... Complicated sale of new Capitol Hill apartment building sets Seattle record A $32.16 million deal for a new apartment building on Seattle's Capitol Hill has closed, concluding a transaction with a dozen ..... Blackstone sells big business park in Redmond for $52 million - Two global real estate investment companies on Tuesday closed the sale of a seven-building Redmond business park with office and warehouse.... Wright Runstad gambles by starting construction of big Bellevue office building Wright Runstad & Co. on Wednesday said it has begun building an 11-story office tower in Bellevue's Spring District. Seattle's 'Twin Toasters' office buildings are expected to pop up a hot sale, report says One of the world's largest real estate management companies is about to profit handsomely with the sale of two Seattle ... Seattle and Columbus Show How Cities Can Win - In the modern U.S. economy, prosperity depends more and more on creating successful cities. But what is success, and how can it be achieved? |
Amazon halts tower construction, may sublease Rainier Square if Seattle passes head tax - For several weeks there have been rumors that Amazon.com Inc. is pulling back from developing and leasing office space in...
Skanska moves forward with 30-story apartment tower in Seattle - Skanska on Thursday shared preliminary details of a 30-story apartment tower it's planning for downtown Seattle's Belltown neighborhood. Head tax also derailed Amazon leases at several of Selig's Seattle properties Seattle real estate developer Martin Selig knew nearly a month ago that Amazon.com Inc.'s desire to do business in the city was cooling... Seattle mayor moves to accelerate development of backyard cottages - To speed up building of more housing in Seattle, Mayor Jenny Durkan has directed the the Department of Construction and Inspections to fast-track ... Construction starts on 45-story apartment towers in Seattle - Westbank is starting construction of another two-tower apartment community with a unique design in Seattle, the Vancouver, British Columbia-based .... Amazon rumored to be taking scads of WeWork space in Seattle - Amazon.com Inc. is rumored to be taking space at WeWork locations in Seattle, according to three commercial real estate sources who asked .... Benaroya backs big mixed-use Sammamish project with $30 million (Images) Real estate developer Matthew Samwick doesn't shy away from a painful part of his professional past. Neighborhood upzones for affordable housing: Q&A on proposal with Seattle mayor's adviser - All other areas with multifamily and commercial zoning, throughout the city, with the exception of ... |
NATIONAL REAL ESTATE NEWS
Marriott Vacations Is Making a $4.7 Billion Bet on Luxury Timeshare Resorts
Marriott Vacations Worldwide agreed to buy ILG for about $4.7 billion in a stock and cash deal, creating the largest luxury brand for .... Construction spending stumbles in March Construction expenditures were 1.7% lower in March compared with February, the Commerce Department said Tuesday. But a hefty increase to earlier spending estimates ... Billionaire Sam Zell warns on stocks and real estate: ‘Where’s the beef?’ - The Trump administration is delaying those steel tariffs for a bunch of allies, but there isn’t much letup in Iran-Israel tensions at the moment... Inflation Is Back (Sort Of) - Is Commercial Real Estate An Inflation Hedge In The 'New Normal'? - In the aftermath of the Great Recession, the worldwide central banks (U.S. Federal Reserve, ECB, etc.) have embarked... How the New Tax Law Affects Your Real Estate Business - The Tax Cuts and Jobs Act (TCJA) brings big tax changes to the real estate sector, the likes of which haven't been seen since the Tax Reform Act of 1986. Developers could make bank from rollback of Dodd-Frank - Nearly a decade after bad real estate loans helped thrust the U.S. economy into a major recession, the House of Representatives passed a bill to roll back a... Commercial Real Estate Deal Volume Up, But Headwinds Are Blowing - The value of U.S. commercial-property deals rose 6.7 percent in the first quarter from a year earlier, but higher interest rates and softer demand ..... Why Foreign Investors Love U.S. Commercial Real Estate, And Why More Will Follow Despite fears of trade wars and increased protectionism, foreign investment in the United States remains robust. Jim Cramer on Commercial Real Estate: There Is No Overbuilding - TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer interviewed CBRE Group's (CBRE - Get Report) CEO Bob Sulentic on CNBC's Mad ... High-end commercial property sales increase Propelled by a strong economy, investment-grade commercial property sales unexpectedly increased in the first quarter, JLL reported. |
More than 800 West Hollywood buildings could collapse in a big quake West Hollywood has identified more than 800 buildings that could be at risk of damage or collapse in a major earthquake, part of a... Come fly with me: Airports’ prized real estate revenues are struggling Foot traffic does not translate to sales as global airports are proving. As the Financial Times reports, despite a .... Beware the Pitfalls in Standard Commercial Real Estate Agreements Whether inexperienced or seasoned, a commercial real estate investor’s main focus is usually on their bottom line. Wells Fargo to Boost Auto Lending as Real Estate Sparks Concern Wells Fargo & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last ... Commercial real estate’s digital time has arrived - In an age of impending space tourism, borderline creepy artificial intelligence, and more information and power at our fingertips than anyone could’ve..... Real-Estate Firm Targets Aging Baby Boomers A Florida-based private-equity firm is doubling down on an investment strategy focusing on the graying of America. Last week, Kayne Anderson Real Estate ...... Amazon’s Challenge to Institutional Real Estate - Amazon's top picks for its second headquarters are showing real estate investors how they can find value in select non-gateway markets, argue CenterSquare ... What Concerns Are Underneath The Positive Industry Sentiment? - Let’s state this upfront: with a score of 51, the Real Estate Roundtable’s Q2 2018 Sentiment Index was positive overall for commercial real estate. |
Shopping center construction to hit all-time low - Local shopping center developers are following a fundamental law of economics: When demand for a product falls, make less of it.
Mall owners fight back against 'scythe-wielding grim reaper of bankruptcy' U.S. mall owners are reporting first-quarter results, offering a glimpse at progress in the industry. What Comes After Co-Working To Commercial Real Estate? - As an entrepreneur, I spend a lot of time thinking about the future and how my business and industry will be impacted by trends that are... Boosting Distributed Solar, Distributed Clean Energy Investment among Institutional Real Estate Investors - Densely packed commercial, residential and mixed-use buildings and real estate predominate and ... Commercial Real Estate and Money Issuance Felice Maranz, Equity Reporter for Bloomberg, joins Bloomberg Markets AM to discuss the cracks in the commercial real estate market. Dodd-Frank Misdirection Hides a Pressure Point - Proponents of the rollback of Dodd-Frank financial regulations — which the House passed on Tuesday and is known unofficially as the Crapo bill for the .... Commercial Real Estate Disruptors Changing demographics, consumer preferences, and technology mean that real estate investors who aren’t rapidly evolving risk being left behind. Two companies at .... CRE Defies Rising Tide of Global Debt Levels The International Monetary Fund (IMF) has been sounding warning bells about the high levels of global debt. But U.S. commercial real estate has been defying that trend, which... CREFC: Perspectives on Changes in the Real Estate Sector - Industry experts weighed in on changes and opportunities in the commercial real estate financing market at the Commercial Real Estate Finance Summit ... In tight market, firm owners must make swift decisions to buy - Does it pay to continue leasing space, or should you take the plunge and purchase a building? It’s a choice many business owners will have... |
International Real Estate News
Green Building Certifications Rising in International Property Markets, Globally
According to the inaugural International Green Building Adoption Index (IGBAI) - a study by CBRE and Maastricht University .... Commercial real estate is rescuing city budget The city of Toronto budget is getting a boost thanks to a busy commercial real estate market that could soar higher thanks to marijuana legalization. Blackstone Bets Big On Australian Commercial Property With $2.3 Billion Investa Bid - U.S. private equity giant Blackstone Group (BX.N) is seeking to deepen its exposure to Australian commercial property... What Are the Driving Forces Behind the Industrial Real Estate Boom? Industrial real estate is currently the most common type of commercial transaction across Australia. |
Legal pot spurs demand for commercial real estate, particularly in Alberta
Canada's impending legalization of marijuana is spurring demand for commercial real estate, particularly for retail shops in Alberta, where the government is selecting private ... Top IDA executive lined up to chair new Irish property Reit - UK-based Peak Capital Partners has lined up Barry O’Dowd, a senior IDA Ireland executive who is set to retire from the agency, to chair a new Irish real-estate... |
Calgary’s April housing starts show growth in multi-family units - The latest numbers on housing starts in Calgary show an increase in multi-family-unit starts and a decrease in single-family-unit starts, even though the ....
Chinese property investment in Australia plummets - The level of government approvals for Chinese investment in Australian property has halved following the imposition of tougher rules, fees and higher... Mideast investors ease off buying overseas commercial property - Middle East investors took some time off buying overseas commercial property in 2017, with estimates putting a value of $9.1 billion (Dh33.4 billion).. Commercial property companies need to prepare for the EU's data privacy overhaul Commercial property companies should be worried if they haven't updated their software for new EU privacy laws coming into effect... |
Multifamily Real Estate News
Fannie Mae and Freddie Mac press further into rental housing - Fannie Mae and Freddie Mac have continued to increase their presence in the commercial real estate market, drawing new fire from critics who....
Here's who's buying condos in the new One88 tower in downtown Bellevue Bosa Development on Tuesday said it has sold 125 of the 143 condominiums in the One88 development under construction...... Construction has begun on high-end apartments in Kent - Two Seattle-area companies have started building a 20-acre luxury mixed-use apartment project on the edge of downtown Kent where the par.... Multifamily Rent Growth Stalls in Top Markets While apartment rents are still growing nationally, in a few cities and submarkets rents are growing more slowly or even beginning to shrink. US home starts propel household good imports - Rising US consumer confidence and demand for new homes is swelling container volumes for importers of household goods. Those shippers are benefiting not just from... NAHB: Multifamily demand remains strong despite supply issues - Today, NAHB released its quarterly Multifamily Market Survey. The survey yields two indices Multifamily Production Index and Multifamily Vacancy ... Commercial, multifamily originations tick up in Q1 - Originations of commercial and multifamily mortgages increased slightly during the first quarter from the year-ago period, led by a rise in originations for hotel,... Essential Smart Home Tech That Can Make A Multifamily Development Stand Out Remember when garage door openers hit the market? This added convenience quickly became a no-brainer in new builds. Multifamily Market Holds Steady Confidence in the multifamily housing market remained steady during the first quarter of this year, according to the Multifamily Production Index (MPI) and the Multifamily... Multifamily Rent Growth Stays Strong in April This story was originally published in Multifamily Executive. ... Seattle's YOY rent growth fell to 1.4 percent from 5.4 percent one year ago, while ... Flat Yield Curve Raises Multifamily Opportunity - Current market conditions are proving the old saying about striking while the iron is hot. Or, more accurately, while the yield curve remains flat. So says PNC Real .... |
Mandatory affordable housing should be implemented across Tacoma, not just by the mall - Here’s a cold, hard truth: The mandatory inclusionary zoning provision that the City Council passed this week as ....
New Lake City apartment community sells for $53 million - A new apartment community in Seattle has sold for $53 million. San Mateo, California-based JB Matteson Inc. on Monday said it bought the 153-unit Origin Apartments in the Lake City neighborhood from SummerHill Apartment Communities of San Ramon, California. JLL Research: Most multifamily markets are peaking According to JLL’s analysis, the U.S. multifamily market is halfway through the peaking phase as of Q1 this year. Multifamily REITs to Flourish in Major Metros: Morningstar - According to the company's latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a ... New Financing Program to Facilitate Preservation of Workforce Housing Freddie Mac Multifamily has unveiled a new social-impact pilot initiative to help preserve affordable housing and protect working families from rising rents across the nation. Using Technology to Enhance Community Experiences in Multifamily - Panelists at a ULI Boston event in April said that a newfound purpose for technology is emerging in multifamily segments—fostering a sense of ... JLL: U.S. multifamily housing market increases in competitiveness - Recent research suggests that U.S. landlords experienced an increase in competitiveness, and global real estate investment and corporate activity were at ... Banks Tighten Multifamily Lending Banks are showing the first signs of concern about the Southern California multifamily market—which has been the darling of this cycle. Four Ways to Take Care of Multifamily Investors - So how should a multifamily company—or, for that matter, any firm in the commercial real estate industry—go about conducting its investor relations? |
New close-in condos in Seattle for $250,000? Here's the plan They'll be small, averaging just 250 square feet, plus a sleeping loft. But priced in the mid-$200,000s, the condominiums in the Eastlake ......
Today’s Multifamily: A Game for Sharpshooters - Yardi Matrix Vice President Jeff Adler, joined by host Jack Kern, director of institutional research, presented in a Multifamily Market Update webinar how... Nearly 340 more apartments are planned for Kirkland's Totem Lake neighborhood Miami-based LMC on Tuesday said it is starting construction of the Bower mixed-use apartment project in Kirkland's Totem Lake ... AMLI Looks at Trends in the Multifamily Industry - Since starting with AMLI in 1981, Phil Tague has risen to become the firm’s president of residential and chairman of its development company, spending ..... Multifamily Market Indicators Unchanged in First Quarter - Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily... Are high-end multifamily REITs overpriced? Conventional wisdom would say that high-priced multifamily REITs would be less risky than cheaper REITS, but one investment group thinks the opposite is in effect due to... Builders, developers remain positive on multifamily market - The level of demand and vacancy rates for multifamily housing have kept builder and developer confidence in the market positive in the first quarter, ..... Apartment Vs. REIT: Which Is The Better Passive Investment? - In real estate investing, there are two major strategies to choose from, and each can be used to pursue a variety of different opportunities. Seattle and Columbus Show How Cities Can Win - In the modern U.S. economy, prosperity depends more and more on creating successful cities. But what is success, and how can it be achieved? Seattle, Washington... Seattle head tax creates 5.5 percent more affordable housing units - There's over 16,000 rent-controlled housing units in Seattle, and the head tax spending plan aims to add or maintain just 900 more units. Multifamily rents edge up in April Multifamily rents continued to tick up in April, a sign the market was not slowing substantially despite increased supply of new units, Yardi Matrix said. |
Distressed Real Estate
A Big, Distressed Question
The infamous mortgage crisis, which began nearly 10 years ago, had major implications on residential real estate. It also created serious problems for the commercial real estate industry — as the number of distressed assets grew, lending came to a halt. |
REIT BEAT
REIT CEOs See a Modest Pay Increase in 2017, as Industry Faces Lowered Returns - It appears that public REIT CEOs in 2017 saw an increase in their compensation, but not as much as other named executive officers (NEO).
REIT Fundamentals Improving Year to date in 2018, credit spreads of the Morningstar Corporate Bond Index and our REIT Sector Index, with average ratings A- and BBB+, respectively, have widened relative to ... REITs keep getting spanked, but here are some bright spots - The advantage of exposure to real estate as a more concrete option among financial assets has been hard to glean from the dismal performance of real estate .... Apartment Vs. REIT: Which Is The Better Passive Investment? - In real estate investing, there are two major strategies to choose from, and each can be used to pursue a variety of different opportunities. The Time May Be Right for More M&A in the REIT Sector, Analysts Say - There are several large proposed REIT mergers in the books already in 2018, but analysts in the space say the activity may not be done yet. REITs: Rising Rates Due To A Strong Economy Are No Problem - REITs have the ability (and the history of) increasing their asset base as well as raising their distributions to investors even when interest rates are on the rise. |
Are REITs Oversold?
Real estate investment trusts have taken it on the chin for over a year now, as rising U.S. interest rates led investors to head for the exits. REITs And Homebuilders Sink As Treasury Yields Climb - Following their best three-week stretch since 2016, REITs pulled back this week as the 10-year yield climbed to the highest level since 2011. Multifamily REITs to Flourish in Major Metros: Morningstar - According to the company's latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., .... Rising rates? It may be time to buy, not sell, those REITs - Interest rates are rising. Sell your REITs! That's the usual knee-jerk reaction of investors when the economic cycle is getting old and the Federal Reserve... Industrial REITs: The Strong Get Stronger In our REIT Rankings series, we analyze one of the fifteen real estate sectors. We rank REITs within the sectors based on both common and unique valuation metrics,.... REIT Rally Continues On Benign Inflation And Strong Earnings - The REIT rally continued this week, pushing the three-week gain to more than 6%. The real estate ETFs (VNQ and IYR) each gained nearly 2% as earnings... |
8 REITs Yielding 8% Plus
For several weeks, Forbes.com column readers have been watching me climb the dividend risk/reward ladder, from 6% yields, then 7%, using only REITs and the power of ... Growth potential in Reits with foreign assets Real estate investment trusts (Reits) with overseas assets present additional risks, but they also have better growth opportunities so managements are taking steps to allay .... Are high-end multifamily REITs overpriced? Conventional wisdom would say that high-priced multifamily REITs would be less risky than cheaper REITS, but one investment group thinks the opposite is in effect due to... M&A activity provides boost to REIT sector A recent spate of mergers in U.S. real estate investment trusts has some investors giving the underperforming sector another look. March posted a total return of 3.71 percent ... Long-Suffering REITs Might Be Turning a Corner At Last - U.S. REITs have been underperformers for the past two years—but as merger activity increases, some investors are giving them a look. Playing The REIT M&A Game On a quiet Sunday afternoon in late April, I read that Prologis (PLD) was acquiring DCT Industrial (DCT) in a stock deal worth $8.4 billion. |
Trends
RISE IN FOOD DELIVERY LEADING TO SMALLER FAST-FOOD RESTAURANTS
Online food delivery services are making it easier for fast food retailers to downsize their real estate, property insiders say, but operators admit the delivery commission costs are cutting into their profits. |
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