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Attachmate, Globys sign large leases at 705 Union Station
Software company Attachmate will lease 75,000 square feet of office space in Seattle at 705 Union Station, commercial real estate brokerage CBRE announced today.
Commercial real estate escaped recession collapse
Everyone has talked extensively about the recession and the impact on residential and commercial real estate. The residential market’s problems are well documented and the resulting impact on the economy was devastating.
Where does Seattle's real estate market rank in the U.S.?
Seattle is the seventh-best overall real estate market in the country, according to the 2013 Emerging Trends in Real Estate report.
Real estate is recovering. Yes, you read that correctly.
After the worst collapse since the Great Depression, the sector is on an upswing. It is slow, cautious and fragile, to be sure. But it’s real.
A MetLife partnership “has the inside track” to buy the 1201 Third Avenue tower in downtown Seattle for about $550 million, according to trade publication Real Estate Alert.
Seattle is the seventh-best overall real estate market in the country, according to the 2013 Emerging Trends in Real Estate report.
The Fana Group, a private real estate investment firm, recently purchased the Key Bank Building at 10655 NE 4th St. in Bellevue, WA from Legacy Partners Commercial, Inc. for $36.08 million, or about $374 per square foot.
RENTON, WA-Fairfield Residential Apartments LLC has received a senior financing loan of $103 million for two multifamily properties totaling 880 units in the Renton submarket of Seattle—the Reserve and the Sanctuary—from Prudential Life Insurance Co.
Companies added office space at a slow pace in the third quarter, leaving vacancies in U.S. office markets at high levels amid sluggish growth in the labor force.
If the property bull market had lasted awhile longer, big bets by a firm headed by C. Frederick Wehba might have made him one of the most successful property investors of the era, capping a remarkable rise from his early days in the grocery-store business.
Commercial-real-estate lenders and borrowers are scrambling to capitalize on one of the strongest rallies in the debt markets since the financial crisis.
New York office landlord SL Green Realty Corp. SLG +0.80% has become an accidental owner on the West Coast.
Strip-mall owners are dusting off projects that were shelved during the economic downturn, thanks partly to the expansion of discount chains like Wal-Mart, Target and Family Dollar.
The chief investment officer at Deutsche Bank AG's giant real-estate arm is stepping down at the end of the year, a bank spokeswoman said.
ORANGE COUNTY, CA-GlobeSt.com has learned exclusively that Hendricks & Partners has negotiated the sale of two portfolios of multifamily properties—one in Los Angeles and Orange counties and one in Washington State.
Vacancies declined at U.S. malls and held steady at strip shopping centers in the third quarter as landlords attracted new retailers to fill space as stalwarts such as Best Buy Co., Staples Inc., Gap Inc. and Office Depot Inc. closed stores or shifted to smaller ones.
Second quarter GDP growth was revised downward to a paltry 1.3% growth rate, and as a consequence of weak economic growth, labor market performance remains anemic.
Dell Inc., DELL +1.55% seeking to trim costs, has been scaling back its manufacturing operations in the Austin, Texas, area in recent years, vacating more than one million square feet of office and industrial space.
CONWAY, AR-Miami-based United Trust Fund has broadened its Arkansas footprint through its acquisition of the 123,032-square-foot Southwestern Energy Co. regional headquarters building. The buyer paid $30 million to close the sale-leaseback transaction, with Southwestern Energy agreeing to a 15-year lease.
BALTIMORE-The first year Saul Ewing held its Mid-Atlantic Real Estate Conference the mood, understandably, was grim. The year: 2009. The month: September. This year’s event, held last week, cleared that very low bar and then some, reports Howard Majev, the co-chair of the firm’s real estate practice and the planner of the conference.
The International Real Estate Federation. If you are looking for great content on Europe, Asia-Pacific, Africa or the Americas check out this exciting association with thousands of members to connect with doing deals outside the states or providing investors bringing money into the states. If you want to improve your exposure or just want more knowledge on international real estate check FIABCI out.
Hungry for yield and a safe haven amid Europe's woes, foreign investors are returning to an asset they once shunned: Tokyo property.
In London, two major developers are making progress on big new housing projects, as some key players switch their focus to residential property.
SINGAPORE—For years, this affluent trade entrepôt was known as one of the sleepier cities in Asia—a nice place to live and work, but nothing compared with the flashy financial capitals of Hong Kong, London and New York.
JOHOR BAHRU, Malaysia—For decades since gaining independence in 1965, Singapore has had a tense relationship with the nearby Malaysian state of Johor, competing with its neighbor for crucial resources like water and foreign investment.
SINGAPORE—Home prices in this city-state have kept surging almost without interruption since the global financial crisis, even as residential real estate in many big global markets—including major U.S. cities—has continued to drag.
Like most Asian cities, Singapore is known for paving over its past in favor of tall skyscrapers and mega-highways
SHANGHAI—Home prices in major Chinese cities rose modestly in September from August, according to a private poll, indicating that Beijing has made some progress in keeping housing costs under control despite recent signs of market strength.
European banks are expected to increase the volume of commercial real-estate assets they bring to market as they prepare for new European Union capital requirements.
MultiFamily
768-Unit Multifamily On The Market
ANAHEIM, CA-Palo Alto-based Pacific Urban Residential is offering Madison Park, a 768-unit apartment community located at 2235 W. Broadway here, for sale. The 18-acre community is for sale on an open-bid basis, but market players say that the asset could fetch a price in the $140-million range….
Strong Local Economy Fuels the Washington, D.C. Apartment Market
The Washington, D.C. economy is moving through the second half of the year in fairly good shape. Even though signs of the past recession are still present, the district has gotten some support from a few unlikely sources.
Capri Seeks Buyers for 2,224-Unit Portfolio
CHICAGO-Capri Capital Partners LLC, an investors based in Chicago, is seeking buyers for eight out-of-state multifamily properties. The portfolio, which comprises 2,224 units, is valued at roughly $275 million
Rental Growth Loses Speed
The apartment-rental market remained robust in the third quarter but, with home sales improving, the sector is showing signs of losing steam, according to a new report from Reis Inc.
Apartments Lead Columbus CRE Market
The 126,022-unit metro Columbus apartment market ended the second quarter with a 6.1% vacancy rate, down 30 basis points from the prior quarter and down 190 from the second quarter of 2011.
San Francisco Apartment Sector Amongst the Strongest
The San Francisco economy maintained its robust momentum throughout the second quarter, as the real estate market continues to reap the benefits of the information technology and new media boom….
Dogs Get Their Due
ROCKVILLE CENTRE, N.Y.—Roxanne George lives in an apartment community boasting everything from a sparkling swimming pool to a state-of-the-art exercise facility.
FCP Sells Columbia Heights Apartment Building
WASHINGTON, DC-Federal Capital Partners has sold a 297-unit apartment building it acquired out of foreclosure in 2009 in DC’s Columbia Heights neighborhood. Allegro Apartments, a luxury building, was sold to an institutional buyer for an undisclosed price.
RENTON, WA-Fairfield Residential Apartments LLC has received a senior financing loan of $103 million for two multifamily properties totaling 880 units in the Renton submarket of Seattle—the Reserve and the Sanctuary—from Prudential Life Insurance Co.
Transwestern Brings 1,876 Value-add Units to Market
BETHESDA, MD-Transwestern’s Mid-Atlantic Multifamily Group is bringing to market 1,876 value-add units in the Prince George’s county submarket.
Risk in the Multifamily Market
Economic and demographic trends boosted demand for multifamily properties over the last couple of years, but recent trends suggest a slowdown in the rapid improvement in fundamentals. Vacancies fell by 30 basis points in the first quarter, 20 basis points in the second quarter, and recently fell by only 10 basis points in the third quarter.
The budding housing recovery is producing big winners and losers among real-estate stocks, with companies related to home construction surging while apartment companies sink.
Whitestone REIT (NYSE:WSR) has closed on a pair of retail centers in Arizona totaling more than $65.9 million. Whitestone is a fully-integrated real estate company focused on the ownership, operation and redevelopment of highly-visible neighborhood retail centers.
After 13 years with the Inland Real Estate Group of Cos. Brian M. Conlon will leave his position as CEO of Inland Real Estate Investment Corp., as he retires from the commercial real estate industry.
Companies in technology and related fields are testing a way to avoid paying taxes: persuading the government that their real business is real estate.
Construction is resuming on a half-built skyscraper that has marred Chicago's skyline since 2008, thanks to a recovering economy and a creative path taken by its original developer, contractors and a new investor…
Freddie Mac is engaged in a tug of war with both its regulator and Wall Street over a plan to provide loans to investors that are buying homes in foreclosure to rent them out.
It isn't difficult to see why some investors ran the other way when Riverside Plaza, a well-known shopping center in California's hard-hit Inland Empire region, was put on the block earlier this year.
The expected sale of a hulking, brick office tower in Midtown Manhattan is on track to net its seller the largest dollar profit to date on any single property that was purchased during the financial downturn.
The Belleview Biltmore hotel in Belleair, Fla., built and opened by a railroad tycoon in 1897, hosted industrial magnates and golf legends in the early 1900s, U.S. Air Force trainees during World War II and Margaret Thatcher in 1996.
European banks are expected to increase the volume of commercial real-estate assets they bring to market as they prepare for new European Union capital requirements.
When it comes to the business of buying foreclosed homes, renovating them and renting them out, large private-equity firms have lots of advantages over smaller, mom-and-pop investors.
LOS ANGELES-The increasing number of would-be commercial real estate investors is making available properties harder to find. Even in today’s market, smaller investors may need help finding properties in which to invest….
SAN DIEGO-Rather than worrying about the size of the retail parcel or the land around it, commercial real estate executives must pay attention to the merchants they have in place and learn those merchants’ business in order to be successful, say panelists at the recent ICSC Western Division Conference here….
Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market's steady trudge toward recovery.
Second quarter GDP growth was revised downward to a paltry 1.3% growth rate, and as a consequence of weak economic growth, labor market performance remains anemic.
The condo my husband and I own in Maine (where we lived before moving to Seattle) is underwater — we owe more than it’s worth. WE are trying to get the bank to agree to a short sale (selling it for less than we owe, writing off the difference), but so far we’ve been rejected.
The housing market showed broad improvement as the economy continued to expand modestly in late August and September, the Federal Reserve said Wednesday.
Technology, training, and trends in real estate property categories topped the agenda during the opening session of the Institute of Real Estate Management’s opening general session in New Orleans on Thursday.
RE Webcasts and Blogs
SAN DIEGO-Value retail real estate is still the product that's most in demand in this retail real estate sector. Sandy Sigal, president, CEO and chairman of NewMark Merrill Cos. talks to GlobeSt.com's Ian Ritter about the market.
At last, a §1031 Exchange course that will give you a strong foundation of knowledge regarding IRC §1031 Tax Deferred Exchanges. This course will give you all of the basic rules and regulations of IRC §1031 and show you how to use that knowledge.
This course will update you on the most recent changes as well as cover advanced issues relating to IRC §1031. If you deal with investor clients that engage in §1031 exchanges, this course is for you. Solutions for the most challenging transactions will be covered in this webinar.
Although George W. Bush has been out of office for four years, the implications of his tax cuts are still in
place….but perhaps not for long. In 2001, Congress passed The Economic Growth and Tax Relief
Reconciliation Act of 2001 (a.k.a. “The Bush Tax Cuts”) which effectively lowered the Federal capital gains tax to 15% on long term investment
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