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Greg
Johnson talks about Wright Runstad's one big miss: PacMed tower
In
its 42-year history, Seattle commercial real estate company Wright Runstad has
lost just one project: The Pacific Medical Center tower that was once
Amazon.com's headquarters.
Crunch
time for Civic Square skyrise project in Seattle
In
just over a year, the developer of a 43-story mixed-use high-rise in downtown
Seattle plans to be under construction. But first the company has to buy the
full-block property, and time is running out.
Stretching
out: Proposed Second Avenue high-rise may jut out over Broadacres Building
A
year ago this week a real estate developer signaled his intent to build a
residential skyscraper in the heart of downtown Seattle. Now the project
appears to be moving ahead.
Condos
atop apartments atop hotel add up to 'Altitude Sky Tower' in Seattle
If
a San Francisco company pulls of its plan, an approximately 500-foot-tall
hotel/residential project called Altitude Sky Tower will rise on the site of a
small surface parking lot at Stewart Street, across Fifth Avenue from the
Westin Seattle.
Design
Center, Campus Fetch $25M for Hines
SEATTLE—Hines
has sold the Seattle Design Center, which includes a design center and office
campus totaling 406,459 square feet, to California-based investment group
Greenbridge Investment for $25 million
$2
billion and counting: Chinese shake up Puget Sound region's real estate market
in a big way
Wealthy
Chinese are sinking billions of dollars into Puget Sound area real estate, and
by doing so they're making a clearcut business case for protecting the
environment and spending money on education.
'It's
a series of dominoes:' Seattle waterfront redevelopment delayed at least a year
by Bertha project
Seattle's
$1 billion waterfront redevelopment project, meant to put a new face on one of
Seattle's most popular tourist destinations, is running at least a year behind
schedule thanks to the tunneling machine stuck beneath the city.
Hazelrigg
convicted of tax evasion
Former
Bellevue developer Tom Hazelrigg III, 68, was convicted last week of two counts
of tax evasion following a nine-day jury trial.
Blockbuster
$1 billion Seattle real estate deal: URG buys Touchstone
Urban
Renaissance Group has acquired another Seattle company, Touchstone Corp., in a
deal that will have major repercussions for the Puget Sound region's commercial
real estate industry.
Unico
buys Pemco's Seattle headquarters for $52 million
Public
records show that Unico Properties on Wednesday bought Pemco Insurance's
headquarters in Seattle's South Lake Union area for $51.75 million.
Hudson Pacific
Properties Inc. announced one of the largest deals in the office sector in
years: its $3.5 billion purchase of a portfolio of northern California office
properties owned by Blackstone Group LP.
A development group
including athletic shoe tycoon Jim Davis has broken ground on a waterfront
hotel in Gloucester, Mass. The project has been the focus of an acrimonious
debate between residents who want to expand the city’s tourism sector and
others who want to preserve its fishing and seafood industry.
Habitat for Humanity
International isn’t building as much new habitat as it used to.
InterContinental
Hotels Group PLC agreed to acquire Kimpton Hotels & Restaurants Group LLC.
the largest independent boutique-hotel operator, in a bid to overtake its
global rivals in this hot corner of the hospitality market.
IRVINE,
CA—Millennials have created a revolution in the commercial real estate industry
with their fresh and unique approach to life and their shifting priorities in
the workplace, at home and in their leisure time.
LOS
ANGELES—Restaurants and pharmacies are some of the most sought after property
types in the net lease sector, according to Rick Chichester, the president and
CEO of Faris Lee Investments
WASHINGTON,
DC—Full-service brokerages, to state the obvious, represent landlords and
tenants along with offering a wide array of other services.
BOSTON—Prices of
loans underlying the CMBS universe held steady in October, DebtX said Monday.
NEW YORK CITY—There
are copious amounts of foreign capital coming into the US retail market, as a
newly released report from JLL proves. In this exclusive video interview at
ICSC’s New York National Deal Making Conference, JLL Americas retail CEO Greg
Maloney tells us who those players are and what road bumps might lie ahead.
The
giant trucks pumping concrete in Hudson Yards, New York’s biggest real-estate
project in a generation, are being financed by an unlikely source: about 1,200
Chinese families in search of U.S. visas.
LONDON—Real-estate
investors from the Middle East and Asia have been snapping up trophy assets in
London’s commercial-property market. But there is another group on the prowl:
Canadians.
Qatar’s
sovereign-wealth fund has completed the purchase of the London headquarters of
HSBC Holdings PLC, in the U.K.’s largest-ever real-estate deal, giving Qatar a
huge slice of Canary Wharf office space even if it fails in its bid to buy the
company that owns much of the rest of the business district.
MultiFamily
LOS
ANGELES—Although the multifamily market is still experiencing record demand and
high occupancy rates, the momentum that we saw in the market last year is
beginning to slow, according to Auction.com EVP Rick Sharga
ATLANTA—With
2014 coming to a close, many are planning their strategies for the year ahead.
But what’s can we expect in the coming quarters?
DALLAS—Axiometrics
data show that the percentage of households that are renting has been
increasing for most age groups since the housing bubble burst in 2007/2008.
SAN
FRANCISCO—In the first of a three-part series of questions on data and business
intelligence, Justin Alanis, co-founder and CEO of Rentlytics Inc., tells
GlobeSt.com that there are a few key ways that data will shape the future of
the multifamily industry into the future.
American
Realty Capital Chairman Nicholas Schorsch Resigns
It took Nicholas Schorsch
seven years to build one of the biggest real-estate empires in the U.S., and
about 15 minutes for him to cede control of its crown jewel.
Keppel
DC REIT’s IPO heavily oversubscribed
SINGAPORE — Demand for Keppel
DC REIT’s initial public offering units was so strong that the placement
tranche was 24.4 times subscribed and the public portion was 9.6 times
subscribed, the investment banks managing the sale said in a regulatory filing
late today (Dec 11).
WASHINGTON—Eight of the largest
U.S. banks will need fatter capital cushions as part of U.S. regulators’ latest
efforts to make the financial system less risky.
CHICAGO—Fitch Ratings has just
released its annual outlook report for the US building materials industry and
projects strong growth in overall construction spending during 2015.
NEW YORK CITY—Net lease retail is
hot, and it's in large part due to 1031 exchanges. So says Scott Scurich,
associate director for Stan Johnson Co. in New York.
