Real-estate calendar
NEW YORK, Aug. 2, 2012 -- /PRNewswire-iReach/ -- 250+ senior-level commercial real estate executives and leading tenants who have monetized real estate assets, or considering innovative capital-raising solutions, will gather for the inaugural Sale Leaseback Summit on October 25
Join FIABCI International Real Estate Federation, AREAA (Asian Real Estate Association of America), CREDAA (Commercial Real Estate Distressed Assets Association) networking event October 9th 2012 at Wells Fargo Private Mortgage Banking.
Wells Fargo Private Mortgage Banking
Civica Building
205 108th Ave NE Ste 500
Bellevue, WA 98004
Come. Meet. Participate. Connect!
SEATTLE-Kidder Mathews is marketing for sale the 77-acre industrial development site known as Opus Centralia Logistics Center, for its client Opus Northwest. Kidder Mathews broker Vanessa Herzog tells GlobeSt.com that “it is priced for investment.”
Developer Holland Partner Group, betting big on the apartment boom, plans to break ground Tuesday on a 40-story tower across Ninth Avenue from Seattle's Paramount Theatre.
The quasi-public agency that owns the Beacon Hill landmark popularly known as the PacMed Center is set to terminate Wright Runstad's 99-year lease on the mostly empty tower in the next few days unless the Seattle developer pays about $380,000 in back rent.
A new report underscores the strength of Seattle's Lake Union office market.
The “Tech-Twenty Office Markets” report that brokerage CBRE issued on Tuesday states that overall demand for space in Lake Union has increased 22 percent since 2009. That’s the biggest increase in the country.
The Village by The Creek, a 26,576-square-foot retail property in Mill Creek, has been sold to a private investor for $5.53 million.
SEATTLE-Developer is planning to break ground on a 40-story apartment building near Paramount Theatre in downtown Seattle. Holland Partner Group is developing the 386-unit apartment project at 815 Pine St.
Seattle’s life science industry has seen fewer real estate deals and slower expansion into new office space during the past six months, according to a Life Science Market Overview by Kidder Mathews Senior Vice Presidents Bill Neil and Chris Moe.
Almost 38 percent of all Seattle homeowners owe more on their home's mortgage than their house is worth, according to a new study.
SEATTLE-Wood Partners is slated to begin construction on a 27-story, 298-unit high-rise apartment complex at 225 Cedar St. here in the Belltown neighborhood.
The 107 apartments in a new Capitol Hill project called Citizen of the Pike Pine in Seattle are fully leased just four months after opening, says developer Wallace Properties.
The Schuster Group, Wallace Properties and Davis Property and Investment LLC are the finalists for Developer of the Year in the Night of the Stars awards put on by the National Association of Industrial and Office Properties (NAIOP).
Amway, best known for health and beauty products, will build a $38 million factory in Quincy, in Washington's Grant County, to make botanical concentrates for its Nutrilite supplement line.
The 11-building Amazon.com Inc. campus that Vulcan Real Estate just listed for sale includes 1.8 million square feet of space with public plazas and easy access to a booming neighborhood filled with shops and restaurants.
Amazon.com’s headquarters could sell for around $1 billion, based on recent comparable sales.
Grosvenor Americas said Tuesday that it acquired Waterford Place, a 360-unit apartment property in Woodinville.
Downtown Seattle's 55-story 1201 Third Avenue building, which used to be the home of Washington Mutual Inc., is now on the market.
A big industrial building in Snoqualmie Ridge Business Park sold Thursday for nearly $13.9 million, or nearly half of the $26.9 million that the seller paid for it in 2007.
Holland Partner Group is breaking ground this month on two new apartment complexes in downtown Seattle.
The 199-unit Circa Green Lake apartment complex, built on the site of a former Albertsons grocery store, has been sold for $86 million.
Shawn L. Portmann, the former Pierce Commercial Bank senior vice president and loan officer, is looking at a up to a 14-year jail sentence after pleading guilty Tuesday for his role in a fraud scheme that resulted in the bank's 2010 collapse.
As big institutional investors pull back from investing in high-risk real-estate funds, these funds are turning to a new source for capital: rich people.
After years of struggling with too much debt and too few tenants, the largest office landlord in downtown Los Angeles is considering selling itself to the highest bidder, according to real-estate executives with direct knowledge of the planning.
Sales of previously owned homes notched another rise in July, and prices showed annual gains for the fifth consecutive month, the latest evidence that Americans are starting to wade back into the housing market.
WASHINGTON, D.C. (August 30, 2012) – Commercial and multifamily mortgage delinquency rates continued to drop for banks and rise for commercial mortgage backed securities (CMBS) during the second quarter of 2012. Delinquency rates also declined for Fannie Mae during the second quarter, and increased by 0.01 percentage points for life companies and 0.04 percentage points for Freddie Mac according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
NEW YORK CITY-CMBS delinquencies are trending downward generally, but office late-pays are a notable exception, Fitch Ratings said Friday, calling the sector “an area of concern.”
HENDERSON, Nev.—The latest sign that the housing market is bubbling to life: The artificial waterfall at the entryway to Lake Las Vegas is again flowing.
Standard & Poor's may finally overcome its pariah status in the commercial mortgage-backed securities market next week.
Few office markets were hammered harder during the 2008 downturn than Orange County, Calif. Home to numerous mortgage companies, its economy collapsed in the wake of the housing crisis, sending the vacancy rate soaring.
LONDON—Global financial and political turmoil has caused an unusual situation in London's office market: Investor demand for buildings continues to rise even as potential income from the properties weakens.
Brazilian authorities are investigating allegations that an executive at Brookfield Asset ManagementBAM.A.T +0.15% bribed São Paulo officials to secure permits required for renovating three shopping malls in that city.
MultiFamily
Developer Holland Partner Group, betting big on the apartment boom, plans to break ground Tuesday on a 40-story tower across Ninth Avenue from Seattle's Paramount Theatre.
While critics of development often fight planned projects in courts and city council chambers, a group of opponents of a proposed downtown San Francisco condo project on the waterfront are looking directly to voters.
THOUSAND OAKS, CA-GlobeSt.com has exclusively learned that Englewood, CO-based Archstone has sold Archstone Thousand Oaks Crest, a 191-unit apartment community here, for $51,375,000 to Los Angeles-based IMT Capital LLC. The asset, which sold for $269,000 per unit, drew more than 90 interested buyers and multiple offers from both private and public apartment investment firms.
IRVINE, CA-With the multifamily sector continuing to gain momentum, Jay Blasberg of Alliant Capital cautions developers not to get overzealous with construction and to practice some conservatism
Holland Partner Group is breaking ground this month on two new apartment complexes in downtown Seattle.
The 199-unit Circa Green Lake apartment complex, built on the site of a former Albertsons grocery store, has been sold for $86 million.
NEW BRUNSWICK, NJ-Ratings agency Standard & Poor’s may have downgraded the economic outlook for New Jersey, but the industry’s top commercial real estate leaders agreed that the state’s four major property sectors—mainly multifamily—have helped keep it positive.
NEWPORT BEACH, CA-Griffin-American Healthcare REIT II reports strong second-quarter results. The REIT has acquired 17 healthcare-related buildings for $144.5 million during the quarter, representing a portfolio expansion of more than 21% over the previous quarter based on purchase price, according to Danny Prosky, president and COO.
The market for initial public offerings by real-estate companies has been grim this year, but that might be about to change.
Equinix said it decided to pursue a REIT operating structure after considering various options, including alternative financing, capital, and tax strategies, for the purpose of maximizing long-term shareholder value.
For REIT executives, 2011 was a very good year, according to a study of compensation by FTI Consulting Inc.’s Real Estate Solutions industry group. Total pay for executives jumped 7 percent year-over-year on average.
Lenders faced with CRE loan defaults increasingly are looking to receivership sales—rather than workouts, deeds in lieu or foreclosures—as the most effective remedy, says James H. Donell, CEO of Los Angeles-based FedReceiver Inc. Taking this measure, Donell tells Distressed Asset Investments, not only protects the value of a troubled property, but also reduces losses and limits exposure to liability.
The quasi-public agency that owns the Beacon Hill landmark popularly known as the PacMed Center is set to terminate Wright Runstad's 99-year lease on the mostly empty tower in the next few days unless the Seattle developer pays about $380,000 in back rent.
MetLife Inc.'s MET -0.26% recent purchase of the Reynolds Plantation, a posh lakeside golf and resort development in Georgia, is the latest sign that the insurer is back in the acquisition game.
The Federal Reserve Bank of New York on Thursday sold the last toxic assets it acquired from the bailout of American International Group Inc., AIG -0.96% closing the book on its most controversial intervention during the financial crisis with a large gain to taxpayers.
WASHINGTON, D.C. (August 30, 2012) – Commercial and multifamily mortgage delinquency rates continued to drop for banks and rise for commercial mortgage backed securities (CMBS) during the second quarter of 2012. Delinquency rates also declined for Fannie Mae during the second quarter, and increased by 0.01 percentage points for life companies and 0.04 percentage points for Freddie Mac according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
NEW YORK CITY-CMBS delinquencies are trending downward generally, but office late-pays are a notable exception, Fitch Ratings said Friday, calling the sector “an area of concern.”
ORLANDO—Is distressed commercial real estate activity in Florida up or down? According to RealtyTrac, Florida REO activity on the home front increased 31% year over year but the news from the commercial front is mixed.
Beginning in late 2008, I was asked countless times whether commercial real estate was the next shoe to drop.
Almost 38 percent of all Seattle homeowners owe more on their home's mortgage than their house is worth, according to a new study.
NEW YORK (CNNMoney) -- Rising home prices helped nearly one million homeowners emerge from being underwater on their mortgages during the second quarter. But younger homeowners are still struggling to stay afloat, according to report from Zillow.
Homeowners could soon have an easier time selling their homes for less than what they owe on their mortgages, under new guidelines from a federal housing regulator and mortgage-finance giants Fannie Mae and Freddie Mac
Sales of previously owned homes notched another rise in July, and prices showed annual gains for the fifth consecutive month, the latest evidence that Americans are starting to wade back into the housing market.
Hotel construction, which dropped sharply during the economic downturn, has staged a modest turnaround, buoyed by building booms in New York as well as in small towns crowded with workers drilling oil-shale formations.
The Federal Reserve’s decision to buy more mortgage-backed securities from Fannie Mae and Freddie Mac could impact more than just the housing market.
New York is the country’s leader in many things. It is the largest city by population, and has more office space, more hotel rooms and more dwelling units than any other U.S. city. More tourists visit the Big Apple than any other metropolis.
RE Webcasts
IRVINE, CA-Lots of capital chasing very few deals is characterizing all sectors of commercial real estate at the moment, says Michael Derk of Marcus & Millichap, a GlobeSt.com Thought Leader. Derk spoke with Carrie Rossenfeld during RealShare Orange County 2012 and discussed:
IRVINE, CA-With the multifamily sector continuing to gain momentum, Jay Blasberg of Alliant Capital cautions developers not to get overzealous with construction and to practice some conservatism
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