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of Events
RealShare
Orange County starts in the early afternoon and provides a jam packed
opportunity for information and networking. Bringing together 700 commercial
real estate executives from across the Southern California region, RealShare OC
is a must-attend event.
DATE: August 22, 2013
TIME: 02:00PM - 07:30:00PM
LOCATION: Hyatt Regency Irvine
BIZDEV
SEMINAR: THE EVER-CHANGING ART OF SEO
Do
you own or work for a business with an online presence? Does web traffic from
search engines contribute to your bottom line (or would you like it to)? If
yes, then you need to understand what SEO really is, and more importantly how
it can help to transform your business.
Tuesday, August 13, 2013
|
REGISTER HERE
TUESDAY
AUGUST 15
LEAD GENERATION SEMINAR
Puget Sound Business Journal is more than just a news source. It's a collection
of leads. How do you tap into this resource and do it in the least amount of
time? Find the answers at this seminar and networking event hosted by the
Business Journal. Learn the strategies that will allow you to generate leads
and improve your business, all in less than a half-hour a week.
Thursday, August 15, 2013
|
REGISTER HERE
TUESDAY AUGUST 21
SPEED
UP YOUR JOB SEARCH! HANDS-ON WORKSHOP
Are
you looking for a job right now? Are you stuck in your current job and want to
explore your options? Then invest in your job search and attend this workshop!
You'll discover an end-to-end process to take charge of your future and make
your next career move faster. Registration includes a copy of Dana Manciagli's
book Cut the Crap, Get a Job!
Tuesday, August 21, 2013
|
||
REGISTER HERE
SMBA Income Property Lunch -
Vanishing Single Family Lot Supply - the Lot Availability Crisis
Thursday, September 5, 2013
Harbor
Club Bellevue
777
108th Ave - 25th Floor
Bellevue,
WA 98004
RealShare Comes
to the Bay Area September 11
RealShare
is back in the Bay Area September
11th. Our half day event is covering
everything hot in the commercial real estate market and how you can realize the
best opportunities.
Topics
Include:
-
Development Trends and strategies in the greater Bay Area
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Multifamily opportunities in leasing, investment, property management and
development
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What's driving demand in office space and how tech tenants have shaped the
needs of corporate America across the country
Tuesday, September
03, 2013
Local
Emeritus,
Merrill Gardens agree to a major senior-living deal
Two
Seattle-based senior-living communities, Emeritus and Merrill Gardens, on
Thursday announced a major deal in which Emeritus Senior Living assumes the
operations of 38 Merrill Gardens communities.
Seattle
area adds 2,000 apartments but rents still rise
The
Seattle area has added more than 2,000 new apartments in the last year but
apartment rents continue to rise, hitting an average of $1,190 per month in the
latest quarter.
Microsoft-occupied
office property in Redmond sells for $185 million
A
spokeswoman for Shorenstein Properties said Tuesday that the company paid $185
million for the office portion of Redmond Town Center, in Redmond.
$170
million industrial sale in Kent one of the NW’s biggest
Northwest
Corporate Park, a nearly 2.8-million-square-foot industrial property in Kent,
has sold for $170 million.
Tacoma
signal: 7-story apartment project planned on Foss Waterway
It
has been about five years since any building of significant size has gone up in
downtown Tacoma. That could change later this summer.
NBC
News finalizes Columbia Center lease
NBC
News has confirmed it's leasing about 23,000 square feet on one floor of the
76-story Columbia Center building in downtown Seattle.
A
Munich-based real estate group is looking at buying a new Seattle office
building that Amazon.com is leasing, and the sales price could set a
per-square-foot record for the region.
The
dilapidated Publix Hotel on Fifth Avenue South in Seattle's International
District, which housed low-income residents until it closed in 2003, is being
turned into market-rate residences
It
appears that the PacMed Center — the former home of Amazon.com Inc. — won't
become a Seattle Central Community College location, and the future of the
building could be apartments.
Seattle-based
Urban Visions has a contract to buy the Eitel Building at Second and Pike, and
plans to renovate the seven-story landmark, company CEO Greg Smith said Monday.
Weyerhaeuser
Co. beat analysts' expectations for the second quarter, reporting net earnings
of $196 million, or 35 cents per diluted share, which compares with earnings of
$47 million, or 9 cents per share a year earlier.
A battle is brewing
between New York-based Related Cos. and Irish developer Garrett Kelleher, who
once planned to build North America's tallest building on a Chicago site
overlooking Lake Michigan.
Real-estate
private-equity firms have been buying everything from ski resorts and luxury
condos to single-family homes. Now, a Dallas-based fund, whose investors
include T. Boone Pickens, thinks it can profit from one of the last unconquered
corners of the property market: recreational ranches.
The recovering U.S.
economy is helping retail landlords slowly fill empty space and charge a bit
more rent.
Richard Baker grew up
watching his father develop shopping malls. Now, the 47-year-old chief
executive of Hudson's Bay Co. HBC.T +0.34%is buying the companies that fill
them up.
FORT MEADE, Md.—An
apartment community being built on this military installation offers service
members an attractive alternative to living in barracks and enduring cramped
rooms with twin beds, windowless kitchenettes and shared showers.
TPG, one of the
world's largest private-equity firms, is well aware that the assisted-living
company it just purchased needs intensive care.
Related Cos. and
Portnoy Family Battle Over CommonWealth REIT
Last summer, when
Jeff Blau, chief executive of Related Cos., was approached by a young vice
president with what he saw as a great buying opportunity, no one at the company
thought it would trigger one of the fiercest commercial real-estate brawls in
years.
Brookfield Asset
Management BAM.A.T +0.36%this week completed fundraising for a $4.4 billion
global real-estate fund, one of the biggest property funds raised since the
economic crisis and one that marks a new direction for the giant asset manager.
When it comes to
Detroit's bankruptcy filing, there are the obvious culprits: declining
population, soaring crime, unemployment and billions in city debt. But adding
to the vicious cycle: a steep and consistent decline in property values that
has convinced real-estate investors to keep their distance.
The newest skyscraper
rising in London, the 48-story Leadenhall Building, will be the second-tallest
office building in the city's financial district when completed next year. The
tower's size as well as the tapered-glass design—which some say resembles a
box-style cheese grater—have drawn praise throughout Britain.
Spanx Inc., the
apparel company whose underwear has spawned a cult following among
fashionistas, is getting a sexy new Atlanta headquarters with a rooftop garden
and loft-style floor space, in a deal that is helping kick-start a long-stalled
project.
Two major Wall Street
firms are in detailed discussions to create and sell the world's first bond
backed by home-rental payments, people familiar with the matter say.
Wall Street's latest
foray into residential real estate—the business of buying foreclosed homes,
renovating them and renting them out—will face a big test this week as bankers
prepare to bring public the nation's second-largest single-family rental
landlord.
LAGOS,
Nigeria—Africa's cities are running out of land, prompting a real-estate
developer here to erect what might be Africa's ritziest district on a beach
long known as a haven for day laborers and beer tipplers.
LAGOS,
Nigeria—In the videogame that Bayo Puddicombe is designing for Nigerian
smartphones, bus drivers plow through roadblocks and swerve the city's snarling
traffic. It is a game inspired by the hourslong commutes young workers here
endure to reach a congested city center.
In
some ways, Nigeria looks like a real-estate investor's dream.
Africa's
second-largest economy has an emerging middle class eager to shop in modern
stores and is attracting many of the world's largest companies, which need
offices. The country has a shortage of all types of modern space, raising the
likelihood that the market will favor landlords for years to come.
If real estate is a local
business, why is there such a growing emphasis on "global" among
today's progressive real estate firms? "Because buyers can... more
»
The Millennium Development Goals
(MDGs) deadline of 2015 is fast approaching with less than 1,000 days left to
achieve this agenda. This recognition triggers the... more
»
There is a universally understood
language of diplomacy, one that’s traditionally been marked by negotiation,
peace talks, formal agreements, and handshakes. A language that has... more
»
The UN General Assembly
designates March 22nd of every year as World Water Day. 780 million people live
without access to safe drinking water and... more »
After
years of splurging on pricey condos and mansions in the West, Asia's rich now
are buying small office buildings, retail shops and branded hotels in Europe
and North America, searching for stable returns and diversifying away from home
markets they view as increasingly risky and volatile.
Wells
Fargo WFC +0.23%& Co. has British ambitions.
The
bank, the largest commercial-real-estate lender in the U.S., on Monday said it
had reached a deal with Commerzbank AG CBK.XE -1.55%to purchase a more-than-$4
billion portfolio of commercial-property loans tied largely to properties in
and near London.
High-end
hotels make up the largest portion of the new hotel rooms in development in the
Asia-Pacific region, according to a report released Tuesday by STR Global.
The
success of Ireland's first real-estate investment trust is the clearest
indication that investors, after sitting on the sidelines for five years, are
eager to jump back into one of Europe's most battered real-estate markets.
MultiFamily
October 24 - Westin
Bonaventure, Los Angeles
The APARTMENT industry’s most influential and
knowledgeable executives will once again share
their insights and outlooks for the
multifamily market at our upcoming RealShare APARTMENTS
2013. As evidenced by the yearly increase in
attendance and media coverage, our highly productive
conferences remain unrivaled in the industry
by combining an unequaled information platform with an
unparalleled networking opportunity.
SAN FRANCISCO-Those who follow @GlobeStcom on
Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but
GlobeSt.com has learned that Bethesda, MD-based Walker & Dunlop Inc.
recently provided $174.32 million in financing for a portfolio of seven
properties totaling 1,561 multifamily units located in California.
INLAND EMPIRE, CA-Hendricks-Berkadia’s Dean
Zander, Vince Norris and Spencer Scott tell GlobeSt.com that they have
successfully completed the sale of 208 units in Riverside, CA just a few months
after the sale of 176 units listing in Moreno Valley Ranch for the same seller,
a private Bay Area investment group.
SANTA MONICA, CA-A new multifamily complex
here offers 375-square-foot apartments, targeting Gen-Y tenants who prefer
going out to staying in.
SAN FRANCISCO-The joint venture between
Trumark Urban and Hillwood West will build 600+ units on sites zoned for
residential use, that comply with zoning codes and that will integrate with the
fabric of changing communities.
SAN MATEO-The first apartment complex in Bay
Meadows, Field House Apartments will have 108 market-rate units.
MIAMI—Doral West Apartments, a gated lakeside
multifamily community on 22 acres in Doral, has traded hands. Doral West is one
of only 25 multifamily assets built since 1998 in Miami-Dade County. The price:
$93.5 million.
ORANGE COUNTY, CA-While multifamily
construction in Orange County took a bit of a pause during the first half of
the year, research shows that it will likely resume again in the second half, according
to Marcus & Millichap
HOUSTON-As the metro area continues creating
jobs and attracting population, the demand for housing continues increasing.
According to Marcus & Millichap Real Estate Investment Services' Q3 2013
Apartment Research Market Report, new units coming online aren't making a dent
in demand
CHICAGO—RealPage found that the rent growth
in the suburbs has begun to keep pace with urban core neighborhoods.
DALLAS-Following the close of complexes in
Houston and Dallas, Pure Multi-Family REIT readies to buy Windsong Apartments.
The REIT likes cap rates on US multifamily properties, and wants more in the
southwest.
The apartments in what used to be called the
Resort at Pembroke Pines community have outdated white cabinets, old appliances
and a clubhouse designed when heavy-metal bands like Mötley Crüe were popular
in the 1980s.
DISTRESSED
LOS
ANGELES-Lone Oak Fund LLC’s vice president of business development, Stephan
Kachani, passed away in his sleep last Tuesday. He was 36 years old.
After
five months of declines, the national mortgage delinquency rate reversed course
in June, according to data from Lender Processing Services (LPS).
IRVINE,
CA-Technology and the online auction process are helping to streamline both
commercial and residential real estate transactions, says Rick Sharga,
Auction.com’s newly appointed EVP. With a background in the foreclosure process
at RealtyTrac and as a frequently quoted source on real estate, mortgage and
foreclosure trends,
The
housing inventory may be wearing thin, but there's still an abundance of
distressed homeowners with properties up for grabs.
LAS VEGAS-Joseph Coradino, the CEO of PREIT
tells us why malls are doing well in this retail real estate environment. He
should know, his Philadelphia-based firm owns 36 of them in the Northeast.
Real-estate investment trust stocks had their
worst quarter in nearly two years, as investors worried that rising interest
rates could derail the commercial real-estate recovery.
Related Cos. and Portnoy Family Battle Over
CommonWealth REIT
Last summer, when Jeff Blau, chief executive
of Related Cos., was approached by a young vice president with what he saw as a
great buying opportunity, no one at the company thought it would trigger one of
the fiercest commercial real-estate brawls in years.
IRVINE, CA-In an UPDATE to an earlier story,
Kyle Winning of Steadfast Income REIT tells GlobeSt.com that buyers are still
clamoring for both multifamily asset classes.
DENVER-In this EXCLUSIVE story, learn how
National Storage Affiliates has formed as one of the largest self storage
operators in the US.
SANTA BARBARA, CA-Maryland group pays $61
million or $305,000 per key for beachfront hotels. Third party will operate.
Concerned that tougher mortgage
rules could hamper the housing recovery, regulators are preparing to relax a
key plank of the rules proposed after the financial crisis.
Mortgage-finance company Freddie
Mac FMCC +0.69%on Tuesday sold $500 million of derivatives linked to mortgage
loans it holds and guarantees, a first step in the government-controlled
company's efforts to have private investors shoulder more of the risk of
financing the U.S. housing market.
IRVINE, CA-A number of
California-based owners are seeing the value in putting their properties on the
market and buying in other states for 1031 exchanges, Brian Heller of Sperry
Van Ness tells GlobeSt.com in this EXCLUSIVE story.
NEWPORT BEACH, CA-Green practices
in building operations are becoming more and more commonplace, especially in
California. As GlobeSt.com recently reported, California was ranked the No. 1
state in the country for recycling and earned high ratings for both renewable
energy and an overall “best” rating for “green” practices,
If you want to buy a house in
Nevada you better bring cash.
In June, 58% of the sales in the
state were made in all-cash, according to a report by RealtyTrac.
RE Blogs Education
Investors who are looking for properties to
complete their 1031 exchanges often ask us if there are “arm chair investments”
that allow investors to own fractional shares of properties. The good news is that
the IRS has blessed the Delaware Statutory Trust (DST) for use as 1031
replacement property. Investors purchase interests in the Trust, which holds
title to property. Investment in the real estate is shared amongst many
investors. DST properties are institutional grade commercial properties,
including properties such as apartment complexes, office buildings, retail
buildings, and shopping centers.
MIAMI—With multifamily being the commercial
real estate darling that it is, there’s been some talk about possible overbuilding.
Could rising interest rates be a blessing in disguise?
RE Videos and
Interactive
SAN DIEGO-“Despite the economic gains, we’re
reminded of inconsistencies, challenges and the pace of recovery.” So says Alan
Pontius, managing director and EVP at Marcus & Millichap
LAS VEGAS-Joseph Coradino, the CEO of PREIT
tells us why malls are doing well in this retail real estate environment. He
should know, his Philadelphia-based firm owns 36 of them in the Northeast.
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