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Mammoth
tusk found at building site will be taken to museum
Apartment
developer AMLI Residential Partners has agreed to let crews dig out a
fossilized mammoth tusk from a construction site and take it to the Burke
Museum at the University of Washington for examination, the museum said
Thursday
Pacific
Regent resurrects plan for 22-story tower in downtown Bellevue
Pacific
Regent, a retirement community at 919 109th Ave. N.E. in downtown Bellevue, is
trying again to expand its campus with a 22-story building.
Clise
planning 40-story apartment tower near new Amazon campus
Clise
Properties is proposing an apartment high-rise at Blanchard Street and Eighth
Avenue, kitty-corner from Amazon.com’s three-block development in downtown
Seattle
Church
pays $15 million for downtown Bellevue office building
Bellevue
First Congregational Church on Wednesday bought an office building in downtown
Bellevue for $15 million, lead pastor Kevin Brown said.
Construction
starting this summer on $900 million project next to Microsoft HQ
Seattle
real estate developer Capstone Partners outlined plans for the newly named
Esterra Park project that it says would encompass 28-acres and would eventually
have as many as 1,400 apartments, a large amount of commercial space, a hotel
and a park that will spread across about 10 percent of the development.
Hudson
Closes on $58M Seattle Buy
SEATTLE-Hudson
Pacific Properties Inc. has completed the $57.7 million acquisition of an
office and retail property known as “Merrill Place” located in downtown
Seattle’s Pioneer Square submarket,….
Developer
unveils plans for big Redmond urban-village project
A
massive planned community on 28 acres next to Microsoft in Redmond could break
ground in June and promises to allow 8,000 people to live, work and play in the
same place, developers said Wednesday
Construction
starting this summer on $900 million project next to Microsoft HQ
Developers
want to start construction this summer on a 3-million-square-foot mixed-use
complex near Microsoft’s headquarters in Redmond.
Lowe
to Expand Pacific NW Activities
SEATTLE-Suzi
Morris has joined Lowe Enterprises Real Estate Group as senior vice president
to manage the firm’s expanding Pacific Northwest activities. Morris will lead
the development of the 169-unit 1321 Seneca condominium project on First Hill,
Touchstone
says it’s breaking ground on tech office project in Wallingford
Construction
will start soon on the long-planned NorthEdge office/lab project near Seattle’s
Gas Works Park, the project developer said Thursday.
Construction
to start this spring on 150-unit apartment in Wallingford
Officials
at Seattle real estate developer Mack Urban said Tuesday they will start
building a large apartment and retail project in the Wallingford area of
Seattle in April
Bidding
wars to buy homes in Seattle rose a little last month, but it's still a far
distance from the home-buying situation a year ago.
Seattle-based
Emeritus Corp., a major assisted-living provider, is merging with rival
Brookdale Senior Living Inc., of Tennessee, the two companies announced in a
joint statement Thursday.
Two
real estate companies are preparing to build life-science developments on
either side of UW Medicine’s research campus in Seattle’s South Lake Union
neighborhood
These
were the five biggest property sales in King County in 2013, ranked by the size
of the deal.
1.
White River Forest land
What:
41,358 acres of timberland
Where:
Near Mount Rainier National Park
Buyer:
Muckleshoot Indian Tribe
How
much: $114.02M
1.
Bridges at Northcreek Apartments
What:
524-unit apartment complex of 423,988 square feet
Where:
Bothell
Buyer:
Grosvenor Americas, San Francisco
How
much: $88M
Pierce
County is working with a Los Angeles developer — Sonnenblick Development — to
build a 220-room hotel and another 18-hole golf course at Chambers Bay in
University Place.
Broker Pat Karst
thought the farm being auctioned late last month would be scooped up. The
98-acre plot was of decent quality, and the volunteer fire station in
Arlington, Ind., where his firm was holding the sale, was packed with farmers.
A giant solar-power
project officially opening this week in the California desert is the first of
its kind, and may be among the last, in part because of growing evidence that
the technology it uses is killing birds.
A group of activist
investors have recruited a big ally in their bid to seize control of office
landlord CommonWealth REIT CWH -0.60% : Chicago real-estate mogul Sam Zell.
Nearly 40 years ago
during New York's financial crisis, Argentine immigrant Oscar Porcelli began
buying gas-station locations in the region.
LOS ANGELES-Greenland
USA has completed and revealed the phase I plans and renderings of the
Metropolis site, a $1 billion skyscraper in Downtown Los Angeles.
NEW YORK—Creditors of
Lehman Brothers Holdings Inc. will receive hundreds of millions of dollars from
the estate of the bankrupt firm following a settlement with Federal Home Loan
Mortgage Corp
Shrinking investment
banks have caused headaches for owners of New York's office towers, as one of
the city's dominant industries has shed millions of square feet of space since
the downturn
After an intense
competition, a new owner of the Standard Hotel in Manhattan's trendy
Meatpacking district has emerged: the same group of investors that manages the
property.
The former First
National Bank tower in Dallas, the fictional office of J.R. Ewing on the
"Dallas" TV series that debuted in 1978, has been sold for the second
time in less than three years.
The Radisson is
creating a youth-oriented hotel brand, making its parent company, Carlson
Rezidor Hotel Group, the latest entrant in a scramble to attract the millennial
traveler.
WASHINGTON (February
24, 2014) – Market fundamentals in commercial real estate continue to improve
but at a slower pace, according to the National Association of Realtors®
quarterly commercial real estate forecast
The amount of new
retail space across the U.S. has remained relatively flat in recent years, but
New York's Bronx borough has emerged as a hot spot.
Landlord Mack-Cali
Realty Corp. is selling more of its suburban office holdings.
The Edison,
N.J.-based landlord on Monday agreed to sell a majority stake in a 12-property
office portfolio to Keystone Property Group in a deal that values the
properties at $230.8 million.
Texas developer H.
Ross Perot Jr. and a few other big land investors are taking some chips off the
table, betting that the swift increase in prices on residential land in recent
years will abate in 2014.
At
least a dozen large international investors are lining up to look at a large
Spanish property-loan portfolio sale that will take the temperature of one of
Europe's most distressed real-estate markets.
TORONTO—Nearly
a year after Canadian Finance Minister Jim Flaherty scolded the country's
biggest banks for fueling record-high housing prices by cutting mortgage rates,
his campaign to prevent a bubble is gaining traction
MIAMI—CBRE
senior vice president Tim Gifford tells GlobeSt.com's Jennifer LeClaire why
institutional investors should put their money in Latin America.
A
venture involving Eataly, the Italian food-emporium chain, and the municipality
of Bologna will develop a theme park dedicated to food, continuing a string of
public-private partnerships in Italy aimed at creating jobs and spurring
economic activity.
MultiFamily
A
portfolio of apartment buildings that was at the center of one of the largest
alleged real-estate frauds in Utah history is set to change hands.
Did
you get away for an early winter break in January? Well, if you did, here’s
what you’ve missed already this year. Based on trends in January, 2014 is
shaping up to be a very exciting year in the Puget Sound region apartment market.
FORT
LAUDERDALE, FL—Art Falcone and Nitin Motwani, the visionaries behind the
30-acre mixed use Miami Worldcenter in Downtown Miami, are taking their
creativity a little further north.
OAKLAND,
CA-Merritt Community Capital Corp. recently closed its $80.5-million
Multi-Investor Fund XVI. This is Merritt's largest multi-investor fund ever.
NEW
YORK CITY-Transactions increased in dollar volume by 46% over 2012 levels,
according to a new report.
Lowe
to Expand Pacific NW Activities
SEATTLE-Suzi
Morris has joined Lowe Enterprises Real Estate Group as senior vice president
to manage the firm’s expanding Pacific Northwest activities. Morris will lead
the development of the 169-unit 1321 Seneca condominium project on First Hill,
Condo
Development Is Back and Growing
BEVERLY
HILLS, CA-A more-affordable entry to homeownership and also popular thanks to
the urban boom, condominiums are making their return on the development and
investment scenes, ETCO Homes’ Bob Etebar tells Carrie Rossenfeld.
Construction
to start this spring on 150-unit apartment in Wallingford
Officials
at Seattle real estate developer Mack Urban said Tuesday they will start
building a large apartment and retail project in the Wallingford area of Seattle
in April
DISTRESSED
National
foreclosure inventory fell 31 percent year-over-year in December, with 2.1
percent of all homes with a mortgage in some stage of foreclosure, according to
CoreLogic's December National Foreclosure Report.
IRVINE,
CA-National residential foreclosure activity spiked upward by 8% in January,
driven by double-digit percentage increases in foreclosure starts and scheduled
foreclosure auctions, according to RealtyTrac.
PALM
BEACH GARDENS, FL-The senior retirement community Devonshire at PGA National,
along with an associated assisted living and a skilled nursing facility that
were the subject of a more than $158 million foreclosure action, have a new
owner.
A group of activist
investors have recruited a big ally in their bid to seize control of office
landlord CommonWealth REIT CWH -0.60% : Chicago real-estate mogul Sam Zell.
Of all the
real-estate investment trusts slammed by the stock market since interest rates
began rising last year, few were hit as hard as REITs that invest in
government-backed mortgage bonds.
OMAHA—Sabra Health
Care REIT, Inc. has just acquired for $90 million cash six senior housing
facilities in the Midwest that have a total of 673 beds or units.
MIAMI—REITs are still
en vogue. Multifamily is a darling and industrial is starting to turn some
heads. So what’s next, and how long will the REIT run last?
BOSTON-The REIT’s
acquisition of Vertex Pharmaceuticals’ newly opened headquarters represented “a
unique opportunity to further diversify SNH’s portfolio and increase our
exposure to the medical office building segment,” says president David Hegarty.
SAN FRANCISCO-Forged
in “stealth mode” over the past 18 months, the alliance with the healthcare
REIT establishes a network of 75 clinics addressing age-related disorders, says
HealthMedica CEO Sassover.
CommonWealth REIT,
CWH +1.01% which owns more than 300 office buildings in the U.S., is under
siege from a group of dissident shareholders, led by billionaire real-estate
magnate Stephen Ross's Related Cos. and hedge-fund firm Corvex Management LP.
LOS ANGELES-The annual USC Real Estate Law
and Business Forum is focused on creating a tailored experience that gives real
estate professionals a taste of the newest trends, from legal to finance and
development, according to Glenn Sonnenberg, president of Latitude Management
Real Estate Investors and the co-chair on the event’s program committee.
OAKLAND, CA-In the East Bay market, asking
rents for class A warehouse space are approaching 2006 levels in most
submarkets, says a recent report.
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