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TOPIC:
Development
is Back! Mitigate Risk with Due Dilligence
DATE:
Thursday, December 12
TIME:
1 PM ET
REGISTRATION
COST: FREE! Register
Now >
With
development making a comeback, investors, lenders and developers alike are
brushing the dust off their development due diligence policies and getting
prepared for the unique challenges and risks of the
development
process.
RealShare
Healthcare Real Estate
RealShare
Healthcare Real Estate on December 10 and 11 at the Phoenician, Scottsdale
covers all aspects of this rapidly evolving sector.
FIABCI-USA
Seattle Pacific NW Council Meeting
Friday,
January 03, 2014
Time
: 10:00am - 1:00pm
Venue
: Seattle King County Association of Realtors
Address:
12410 SE 32nd Street, Suite#100, Bellevue WA 98005
DATE:
January 28, 2014
TIME:
08:00AM - 11:45AM
LOCATION:
City of Ontario Convention Center, Ontario, CA
RealShare
is back in the Inland Empire bringing you the leading information across the
sectors and local market intelligence from the industry's experts. Join us at
the Ontario Convention Center for this half-day conference where our town hall
panel will cover the market trends and provide an outlook for what to expect in
2014.
The
Apartment market is hot. Accordingly, we’re headed to South Beach for the 3rd
annual REALSHARE APARTMENTS EAST, March 3-4 at the Eden Roc in Miami. This hot
resort will play host to the biggest names in commercial real estate: the
owners, investors, developers, financiers and brokers who are getting the deals
done.
3/26/2014
to 3/29/2014
San
Francisco, California
Susan
Newman
4/13/2014
to 4/15/2014
Waldorf
Astoria Hotel
New
York, New York
4/21/2014
to 4/24/2014
The
Cosmopolitan of Las Vegas
Las
Vegas, Nevada
Local
The
beginning of the end of Touchstone Corp.’s involvement in the planned Parkplace
project in downtown Kirkland likely came around a year ago.
It's
only 25 years old but the former Washington Mutual tower at 1201 Third Ave. in
downtown Seattle is going to get cleaned up.
The
revival of construction on a 30-story mixed-use tower in downtown Portland,
Ore., is more than just a feat for family-owned developer TMT Development Co.
It is an indication that demand for new office space, which had been limited to
the nation's largest markets, is spreading to midsize cities.
The
Grand Ridge Plaza shopping center in Issaquah Highlands will hold opening day
events starting today through this weekend.
Goodman
Real Estate will build a seven-story apartment building on a Seattle waterfront
site where one of Seattle’s oldest businesses, Argens Safe and Lock Co.,
operated until earlier this year.
Federal
officials this week said they could know early next year whether the old
Federal Reserve Bank branch in downtown Seattle might be given to someone for
use as a homeless shelter.
Legacy
Partners Residential plans to build a 276-unit apartment project near the
Seattle offices of Google and other high-tech companies, a company official
said Monday.
Pacific
Medical Center, the art-deco style building on Seattle's Beacon Hill that once
housed Amazon.com, will become a new satellite college campus, officials said
Wednesday.
After
last week’s Machinists vote that raises serious doubt about whether the 777X
will be built here, we needed some good tidings. And they are here, in the new
Emerging Trends in Real Estate from the Urban Land Institute and
PricewaterhouseCoopers.
A
Canadian high-rise developer may construct up to 2 million square feet of
residential space across the street from Amazon.com’s world headquarters in
South Lake Union.
Real
estate magnate Michael Mastro, 88, and his wife Linda Mastro, 63, are featured
on this week’s episode of CNBC’s “American Greed: The Fugitives.” We broke the
news of this program in July, and since then there has been much interest about
when the program would air.
BELLINGHAM,
WA- Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a
post teasing the announcement, but GlobeSt.com has learned that in what is said
to be one of the largest single land purchases by a state in the Pacific
Northwest, American Forest Holdings LLC recently sold 51,000 acres of
timberland to the state of Washington for $97 million.
Portland
real estate investors are abuzz over the hottest commercial real estate listing
on the market: The longtime home of The Oregonian newspaper.
Former
real estate developer Winston Bontrager, 64, was sentenced to 11 years in jail
and and his girlfriend Pauline Anderson, 65, was sentenced to more than three
years in prison for 25 counts of tax evasion.
Officials
of Kemper Development Co. said Monday that they have signed a long-term lease
for a one-acre property north of Bellevue Square mall.
The
Wendy's Co. said it's sold 23 company-owned restaurants in Southwest Washington
and the Portland, Ore.-area to Group W Partners LLC.
A
Canadian buyer paid $8.75 million for 670 acres of Red Mountain vineyards near
Prosser at an auction of the wine-producing property on Saturday.
Prices
for Seattle-area single-family homes rose 0.3 percent in September over the
prior month and 13.2 percent over the past 12 months, according to the
S&P/Case-Shiller 20-city home-price index
Houston-based
Hines was named to do another Texas-size project in Washington: the conversion
of Walter Reed Army Medical Center into a sprawling master-planned community.
Just
before Christmas last year, a carload of revelers showed up in the lobby of
what they thought was a Hilton Garden Inn in Estero, Fla., looking for their
company holiday party.
For three years
activist hedge-fund manager David Einhorn has been locking horns with St. Joe
Co. JOE -2.84% , one of the largest property owners in Florida, over the value
of the company's extensive land holdings.
Some of the biggest
names in U.S. real estate are circling Los Angeles for what could be the
highest-priced sale of a U.S. office property since before the recession.
Arizona State
University is opening up a large tract of lakeside land for future development
as part of a plan to finance a rebuilding of the iconic, 70,000-plus capacity
Sun Devil Stadium, where scenes from the 1996 movie "Jerry Maguire"
were filmed.
Morgans Hotel Group
Co. MHGC +1.91% , owner and operator of celebrated properties such as the
Hudson Hotel in Manhattan and the Delano South Beach in Miami, has spurned
previous takeover attempts by Middle Eastern government funds and Hyatt Hotels
Corp. H 0.00%
Lower Manhattan’s 1
World Trade Center was deemed the tallest tower in the U.S. by the Council on
Tall Buildings and Urban Habitat, which ruled that the skyscraper’s 408-foot
spire is part of its architecture.
A multiyear run-up in
the value of farmland in the U.S. Midwest may be running out of steam.
Average cropland
prices declined in parts of the Farm Belt in the third quarter from the
previous quarter while rising at a low rate in other areas, according to
separate reports this past week by regional Federal Reserve banks in Chicago,
St. Louis and Kansas City.
ANCHORAGE-Those who
follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the
announcement, but GlobeSt.com has learned that Stan Johnson Co. has completed
the $104-million sale of a four-building, 677,778-square-foot office complex in
the heart of Anchorage, Alaska to a partnership comprised of institutional
investors.
In six years,
Blackstone Group BX +1.24% LP transformed Hilton Worldwide Holdings Inc. into
the largest hotel company by rooms, more than doubling its $6 billion
investment.
Marriott
International Inc. MAR +1.12% reached a deal to acquire one of Africa's largest
hotel companies, a move that will make the U.S. chain the leader on a continent
where tourism and business travel are growing rapidly with an emerging middle
class.
SHANGHAI—China
has long doted on its elders. Now they are getting attention from another
group: foreign investors.
For
more than two decades, Montreal was one of the sleepiest office markets in
Canada, seeing no new private development as cities such as Toronto and
energy-rich Calgary added millions of square feet of new space.
Inside
the former Saint-Jude Church in Montreal, personal trainers mill about where
priests once did and hot-stone massages have replaced baptisms.
With
signs that Montreal's more than decadelong condominium boom could be fading,
some local developers are repositioning or even pulling projects due to waning
demand.
Unlike
the U.S. postwar sprawl, which mixed houses with schools, supermarkets and
diners, the new Chinese commuters have to drive for basic services, boosting
energy consumption and emissions that have made the nation’s cities some of the
most polluted in the world.
Office
developers in the U.K. think they have hit on the next big thing: apartments.
Soaring
prices for residential properties in London are prompting companies including
Land Securities LAND.LN +0.53% PLC, British Land Co. BLND.LN +0.66% and Canary Wharf
Group PLC to shift gears and build condominiums instead of office towers.
Brazilian
authorities say they are questioning a company controlled by property investor
Brookfield Asset Management BAM.A.T -0.29% as part of an investigation into
allegations that São Paulo officials engaged in extortion.
In
the heart of Berlin's central borough of Mitte, a German developer is
transforming seven landmark buildings reflecting over three centuries of
architectural history into a mixed-use complex, making it one of the largest
private developments in the city.
Commercial-property
sales in Germany are expected to climb to a post-financial-crisis high this
year as the country lures investors seeking higher yields than are available in
Europe's most desirable cities, like Paris and London.
MultiFamily
PHOENIX-Continued
strong demand for multihousing has led the way for an increase in construction.
According to Marcus & Millichap Real Estate Investment's Q4 Apartment
Research Market Report, rents grew for the fourth consecutive year, leading to
3,900 units delivered to market by year-end.
A
Canadian high-rise developer may construct up to 2 million square feet of
residential space across the street from Amazon.com’s world headquarters in
South Lake Union.
Goodman
Real Estate will build a seven-story apartment building on a Seattle waterfront
site where one of Seattle’s oldest businesses, Argens Safe and Lock Co.,
operated until earlier this year.
Federal
officials this week said they could know early next year whether the old
Federal Reserve Bank branch in downtown Seattle might be given to someone for
use as a homeless shelter.
Legacy
Partners Residential plans to build a 276-unit apartment project near the
Seattle offices of Google and other high-tech companies, a company official
said Monday.
Office
developers in the U.K. think they have hit on the next big thing: apartments.
Soaring
prices for residential properties in London are prompting companies including
Land Securities LAND.LN +0.53% PLC, British Land Co. BLND.LN +0.66% and Canary
Wharf Group PLC to shift gears and build condominiums instead of office towers.
SAN
DIEGO-Competitive. That’s the best description for investor demand for core San
Diego multifamily assets today. Although growth expectations are beginning to
temper nationally, rent growth in the San Diego region is expected to pick up
the pace over the next few years
GARDEN
GROVE, CA-GlobeSt.com has learned exclusively that 9155 Central Ave. LLC of San
Mateo has sold Park Grove, a 245-unit apartment community here, to Park Grove
Capital Partners LLC, a private-capital investor from Southern California, for
$47.5 million or $193,877 per unit.
SAN
FRANCISCO-“Optimism reigns.” That was the overall message delivered to more
than 450 local real estate professionals in attendance at the recent Marcus
& Millichap/IPA Multifamily Bay Area Forum: San Francisco & Beyond
event held at the Sofitel Hotel in Redwood City, CA. John Sebree, VP and
national director-NMHG, kicked off the day-long event with an overview of the
local Bay Area economy and multifamily trends
The
"condo king" of Miami and a luxury hotelier are teaming up by going a
little down-market.
Related
Group's Jorge Perez and Sam Nazarian, whose SBE Entertainment develops high-end
hotels, casinos and nightclubs, are launching a new hotel and condo brand, with
its first two properties slated for midtown Miami and nearby Hollywood Beach.
Six
parking lots in downtown Los Angeles recently sold for $82 million. But the
buyers aren't interested in the parking business: They want to build 1,500
rental apartments on the properties.
The
number of U.S. residential building permits issued in October surpassed 1
million, the highest level in five years, the Commerce Department reported
Tuesday.
It’s a little early for annual
look-backs, but 2013 will probably be recognized as the year of the buying
frenzy -- until it wasn't.
Odd as it might seem, real estate
investors now are more interested in buying warehouses than apartment buildings
When interest rates shot up last
spring over fears that the Federal Reserve would soon curtail its stimulus programs,
many in the property sector believed the then-booming market for commercial
mortgages would be derailed.
PITTSBURGH—Call-center workers
often toil in dreary offices, sometimes in dying strip malls or converted
warehouses.
The
number of U.S. residential building permits issued in October surpassed 1
million, the highest level in five years, the Commerce Department reported
Tuesday.
RE Blogs Education
With the end of 2013 approaching, there are
investors selling real estate who are not sure whether to
initiate a 1031 Exchange because they are
concerned about securing replacement property.
