Posts
Local
Hotels
could transform key downtown Seattle corridor
Hotel
developers are snapping up parking lots along downtown Seattle’s Stewart
Street, hoping to cash in on a fast-growing commercial district nestled between
Amazon.com’s growing campus and a possible expansion of the state convention
center
'Dirt
is being moved' as Kenmore's downtown revitalization finally gets some momentum
After
years of effort, construction finally has started on the first major private
development in downtown Kenmore: a 138-unit project called Spencer 68
Apartments + Lofts.
Old
building on Seattle's Capitol Hill grows up — literally
Hunters
Capital, a real estate development company in Seattle, plans to start a major
overhaul of an early 20th century building, adding five stories to the
low-slung structure on Seattle's Capitol Hill.
Housing
group sets sights on Jorve Roofing site in South Seattle
A
builder of affordable housing hopes to buy a large South Seattle property to
develop a project that a City Council member said will have a medical clinic.
Chris
Hansen inks deal to buy 5 more acres in Sodo
Chris
Hansen may have lost Steve Ballmer, but he hasn't lost his appetite for real
estate in Seattle's Sodo neighborhood
New
hotels and office towers could soon sprout from Washington State Convention
Center
Hotel
and office towers could be part of the proposed expansion of the Washington
State Convention Center in downtown Seattle, center President and CEO Jeff
Blosser said Thursday.
First
glimpse: Vulcan reveals plan for one or more towers on full block in South Lake
Union
Vulcan
Real Estate wants to build up to two high-rises on a prominent block where its
South Lake Union Discovery Center now stands next to the Denny Playfield.
For
rent: Space in a Seattle landmark
For
perhaps the first time since King Street Station opened in 1906, office space
in the station is available for lease.
Schnitzer
West ready to kick off construction in Bellevue
Schnitzer
West’s plans for a 16-story tower in downtown Bellevue moved forward this week
with the demolition of a pawn shop two blocks from the tower site.
High-Tech
Hotel
A
pair of hotel investors are paying a record price for a top-ranked luxury hotel
in downtown Seattle.
From
hammers to housing: South Lake Union high-rise project moves forward
A
San Francisco company has applied for a master-use permit to build a 25-story
residential tower by Amazon.com's headquarters in the South Lake Union
neighborhood.
Twinkie
Town: Big apartment project planned for Hostess bakery site
What
was once Seattle's only Twinkie bakery will become a seven-story apartment
project.
Apartment
rents, occupancy rates keep rising in Seattle
If
you're a renter or looking for an apartment in Seattle, you probably know this:
rents are rising and so are occupancy rates.
Target
targets Wilburton district of Bellevue for big new store
City
of Bellevue officials are clearing the way for a new Target store just off of
Interstate 5 in the Wilburton commercial district.
Going
up: 123-suite hotel in Issaquah's Hyla Crossing neighborhood
Construction
is beginning on a Homewood Suites by Hilton in Issaquah.
Issaquah-based
Rowley Properties scheduled a groundbreaking ceremony Thursday afternoon for
the eight-story hotel at 1484 Hyla Ave., adjacent to Rowley's existing Hilton
Garden Inn.
One of the largest
shareholders of Nicholas Schorsch's American Realty Capital Properties Inc.
ARCP -1.40% has some tough words for the company and its recent acquisition
binge: Enough already.
Marriott
International Inc. MAR +0.33% is betting that New York's gritty Pennsylvania
Station neighborhood is ready for a luxury upgrade.
As technology
companies seek bigger and better offices, property owners have been closely
tracking which ones are moving to cities versus the suburbs.
The real-estate
asset-management arm of Deutsche Bank AG DBK.XE -0.04% has purchased a 50%
stake in a Florida mall at one of the highest prices paid for a mall since the
downturn.
Donald Trump is
causing an aesthetic hubbub in Chicago with five simple letters: T-R-U-M-P.
A Chinese property
company building a high-end condo tower in Williamsburg, Brooklyn, has
For the first time
since the U.S. housing crash, new condominium towers are sprouting in downtown
Boston, Seattle and Los Angeles as developers bet on the return of the riskiest
type of residential real estate.
New-home sales soared
in May, but the gains simply put the market back on track to match last year's
overall pace, rather than signaled a significant momentum gain.
Many real-estate
funds failed to get through the financial crisis. But a new report shows those
that did survive have more money than ever.
LOS ANGELES—Labor and
construction costs, in addition to the price of consumer goods, is rising, and
this will have an impact on the commercial real estate industry….
MEXICO
CITY—This city's central boulevard, named El Paseo de la Reforma, a stately
thoroughfare dotted with ornate monuments, is undergoing its biggest surge of
office development since the 1985 earthquake drove many businesses to other
parts of the city.
A
residential and retail boom in one of Mexico City's most fashionable
neighborhoods has turned into a textbook case of what can go wrong when
infrastructure fails to keep up with real-estate development.
Most
of the developers putting up new office buildings in Mexico City have names
that would be known only in Mexico.
CAIRO—Just
a few kilometers from the ancient Pyramids of Giza, another unusual structure
is rising in the hot desert dunes: a 102-foot-high ski slope.
Citigroup
Inc. C -0.50% is banking on Hong Kong.
The
financial firm has bought a $700 million office development under way in Hong
Kong's Kowloon district.
Like
many real-estate projects that broke ground on the eve of the global financial
crisis, Oeiras Golf & Residence outside of Lisbon struggled for years.
Commercial
real-estate yields in Asia are the lowest in the world, forcing investors to
pay top prices for the highest-quality buildings, take on more risk or consider
property investments outside of their regions for the first time.
MultiFamily
A San Francisco company has applied for a master-use
permit to build a 25-story residential tower by Amazon.com's headquarters in
the South Lake Union neighborhood.
What was once Seattle's only Twinkie bakery will
become a seven-story apartment project.
If you're a renter or looking for an apartment in
Seattle, you probably know this: rents are rising and so are occupancy rates.
Investors
in the past week have closed on two separate purchases of apartment complexes
in the Denver region and Washington—for a total of $324 million—in the latest
sign of the surprising endurance of the multifamily sector.
With
a "massive amount" of new apartments being constructed, rising rents
and falling occupancy rates, the Seattle apartment market has been called
"remarkable."
SAN
FRANCISCO—“Young adult population boom has fueled the apartment sector, and
that boom should extend another decade…
DISTRESSED
It
isn't always easy being tall
The
Willis Tower in Chicago—formerly the Sears Tower—is hitting a patch of
financial turbulence as its owners try to fill vacant space.
IRVINE,
CA—“Distressed sales continue to represent a smaller share of the overall sales
pie nationwide, helping to boost median home prices higher given that
distressed sales tend to be in lower price ranges,”
REITs
Cede Ground on Executive Pay
Executive compensation at
real-estate investment trusts continued to rise last year, but at the slowest
pace in five years as companies focused on making pay packages more
shareholder-friendly.
Real
Estate's Rise Calls for Inspection
After a dizzying rally,
real-estate investment trusts may be overheating. As investors flock to these
shares in search of high payouts, some fund managers are worried that a repeat
of last year's sharp selloff could be in the making.
Banks are checking back into the
hotel business.
J.P. Morgan Chase JPM -0.53%
& Co., Deutsche Bank AG and other firms are ramping up lending for lodging
acquisitions and debt refinancing to levels not seen since before the financial
crisis.
Demand for architectural design
work is rising again, an indication that construction spending should rise in
the months ahead
Origin Capital Partners, a
Chicago-based investment firm, took a departure from its typical main-street
acquisition strategy to seek profits on the runway.
WASHINGTON—Intense competition in
a slow-growth, low-interest-rate environment is continuing to fuel riskier
lending by banks, a top U.S. regulator warned in a report released on
Wednesday.
SAN FRANCISCO—“Everyone needs to
start thinking about the babies of Millennials and how they will impact the
communities you are building and developing.”
SAN FRANCISCO— Solar is becoming
“the new granite countertop” in today's home market and is expected to soon
become the mainstream option, says PetersenDean’s Wendi Zubillaga, chief sales
officer
RE Blogs
LOS ANGELES—Despite an extremely competitive
lending environment, leverage today is nowhere near where it was just prior to
the recession, said panelists at RealShare National Investment & Finance
here...
