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Calendar
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ICSC
10/1/2014 TBD
San Diego, CA
NAIOP-WA
10/4/2014 7:30AM
Seattle, WA
NAIOP
10/7/2014 TBD
San Diego, CA
As an industry veteran, look for sound advice and meaningful discussion
when Howard speaks at RealShare NEW YORK on October 9 at the Roosevelt Hotel
DATE:
October 15-16, 2014
LOCATION:
Westin Bonaventure
404 S Figueroa St
Los Angeles, CA 90071
The CCIM Institute, the premier provider of commercial real estate
education, has teamed up with GlobeSt.com for CCIM Thrive, Oct. 21–22 at the
Westin Bonaventure in Los Angeles. Register to join our national audience of
real estate professionals looking to implement best business practices in an
effort to thrive in an ever competitive marketplace.
October 30, 2014 -- Seattle, WA
The Seminar Group is holding its third annual Easements in Washington
conference Oct. 30 at the Washington State Convention Center. The all-day
session will cover new types of easements being sought by government, special
valuation issues, and how to protect clients and preserve property rights.
Michael A. Nesteroff of Lane Powell and Kinnon W. Williams of Inslee Best
Doezie & Ryder are the program co-chairs.
Nov 4-5, 2014
The Viceroy Miami
We are all busy gearing up for the fall, so let us make things easy for
you. Register now for RealShare INDUSTRIAL and take advantage of RealShare’s
room block at the Viceroy Miami. Stay with the attendees from across the
country and spend more time networking with the sector’s elite.
Local
The
owner of some land next to Microsoft's headquarters has plans to build a
dual-brand hotel.
As
Brooks Sports gears up to move into its new Seattle headquarters, project
developer Skanska USA has decided to sell the new building in the Fremont neighborhood.
There's
a reason that Bellevue is buzzing about Jia Lin Niu. She's the new owner of a
big downtown high-rise development site and yet few people know much about her.
The
exhibit du jour for how hot Seattle's apartment investment market is can be
found at 1100 University St., where a 52-year-old high-rise sold for $74
million.
It
seems improbable, but a touch of San Francisco retail is coming to downtown
Everett at a new farmers' market and apartment project that's now under
construction.
KING
5’s owner is close to signing a long-term lease that would move the television
station’s headquarters from South Lake Union to the Sodo neighborhood across
from Safeco Field, say real-estate sources.
Around
600 new apartment units are opening or under construction at the foot of Stone
Way North in Seattle's Fremont area, and many more have opened up and down the
corridor
A
group of Chinese real estate developers that is investing heavily in downtown
Bellevue has a new target: Kirkland's "gold coast."
You'd
think that with all the new apartment units coming online in Seattle, rents
would fall as vacancy rates rise.
Morgan
Stanley Bank has acquired an ownership stake in the Bank of America Fifth
Avenue Plaza high-rise in downtown Seattle by lending Hines, the property
owner, $176.1 million, according to a document filed Thursday afternoon with
King County.
Equity
Residential officials on Tuesday said they're starting construction of a
40-story luxury apartment tower in downtown Seattle at 204 Pine St.
Stacked
Savings in Seattle
SEATTLE—In
GlobeSt.com’s ongoing coverage of the upcoming NAHB Multifamily Pillars of the
Industry Awards Competition, we are profiling selected finalists in the weeks
running up to the Awards ceremony.
California
commercial-property brokers are coming under the magnifying glass in
California.
Apartment landlords
have been the envy of the real-estate world in recent years, as strong demand
has pushed down vacancies and lifted rent levels.
IRVINE, CA—Medical
offices are popping up in some fairly non-traditional places these days. A
local news source reports that the Irvine Co.
Lehman Brothers
Holdings Inc. continues to sell prime California land left over from its
ill-fated partnership with SunCal during the boom years.
Fifteen years after
shutting its doors to professional sports, Houston's cavernous Astrodome is
proving surprisingly resilient in a city where the desire for development typically
outweighs nostalgia and preservation.
CLEVELAND—In August,
Lee & Associates continued its national expansion by opening an office in
Cleveland, the company’s first in Ohio,
Faena District, the
massive $1 billion hotel, retail and condo project under way in Miami Beach,
has hired two top New York hotel executives as the luxury development gets
ready to launch into an increasingly competitive hospitality market
AUSTIN, Texas—Even
with nearly 750,000 square feet of office space under construction in downtown
Austin, the area's occupancy rate is poised to increase under intense demand
from tenants in a variety of industries.
InterContinental
Hotels Group IHG.LN -0.63% PLC said it won the rights to manage a 900-room
hotel atop the Wilshire Grand Center in Los Angeles, a $1.1 billion development
that would be the tallest U.S. building west of the Mississippi River when the
facility opens in 2017.
SAN DIEGO—Retail is
back and the market is ready. Corporate
tenants are expanding, franchise tenants are active, and there is strong demand
from both investors and tenants for quality retail space.
LOS ANGELES—Retail
prices are reaching historical heights, and above historical prices in some
markets, according to Wilson Retail Group SVP Geoff Tranchina. Wilson Retail
Group will be sharing their market knowledge at the ICSCWestern Division
Conference this week.
TULSA, OK—Leaders of
all associations seem to struggle to achieve a difficult balance: that of
launching far-seeing goals while serving for only a year.
Small
Chinese builders are following their larger brethren into the U.S., betting
that the recovering American housing sector will help them expand as China
struggles with its cooling market
As
Greece attempts to climb out of its six-year recession, the real-estate market
is looking to the poster boy of the country's privatization process: Athens's
long-disused airport, Hellinikon.
PORTO
HELI, Greece—For 20 years, the building had been an empty eyesore on the shores
of this picturesque bay. Unable to keep up with the changing times, the
1970s-era hotel went bust, was seized by creditors, and eventually shut its
doors in the mid-1990s.
ATHENS—Since
the European debt crisis erupted in 2009, foreign investors have mostly ignored
Greek real estate even as they have jumped back into Spain, Italy and Ireland.
Impact
Growth REIT set to debut
The Impact Growth Real Estate Investment
Trust, the first REIT in Thailand worth 20 billion baht, is ready to launch its
initial offering next week and begin trading on Oct 1.
Narayana
Murthy invests in realty, Azim Premji to follow suit
BANGALORE: Property has always
been a major investment avenue of the rich. Now, some of the people one would
expect to focus on enterprising ventures are also looking at rent-yielding
property.
European
REITs Are on a Tear
Europe was slow to embrace
real-estate investment trusts, but a record surge in fundraising is providing a
boost to the Continent's recovering commercial-property market.
Amazon.com
Inc. is beefing up its presence in London by building a new 15-story office
tower in the city.
CLARK
FREEPORT ZONE, Philippines—On land that once belonged to the largest American
military base outside the U.S., Arnel Casanova envisages not just a new city,
but a new type of city for the Philippines.
LOS
ANGELES—Foreign investors are specifically looking at high-profile development
sites, according to Laurie Lustig-Bower, EVP at CBRE.
MultiFamily
ORANGE
COUNTY, CA—Multifamily is still the preferred asset class for investors,
according to Alexa Mizrahi, a loan originator at Lone Oak Fund. In this
exclusive video, Mizrahi tells reporter Kelsi Maree Borland about:
NEW
YORK CITY—The United States Senate has passed H.R.2600: the Interstate Land
Sales Disclosure Act Update of 2013.
TAMPA,
FL—Multifamily may be the darling of the commercial real estate industry in
Florida, but that doesn’t mean every apartment asset gets snapped up in a
hurry.
Around
600 new apartment units are opening or under construction at the foot of Stone
Way North in Seattle's Fremont area, and many more have opened up and down the
corridor
NEW
YORK CITY—The trend toward slower gains in home pricing continues, with S&P
Dow Jones Indices reporting Tuesday that 19 of the 20 cities in the
S&P/Case-Shiller 20-City Composite saw lower annual returns in July.
DALLAS—US
multifamily continues to gain strength—more than expected, in fact. In a report
provided exclusively to GlobeSt.com, Dallas-based Axiometrics says annualized
rent growth nationally reached 4.0%
CALABASAS,
CA—A combination of rising home prices, increased job creation and a large baby
boomer population heading into retirement supports improved occupancy in
manufactured home communities.
DALLAS—Having
already declared 2014 to be the “Year of the Apartment,” locally based
Axiometrics now says the sector has gone one better,
Stacked
Savings in Seattle
SEATTLE—In GlobeSt.com’s ongoing
coverage of the upcoming NAHB Multifamily Pillars of the Industry Awards
Competition, we are profiling selected finalists in the weeks running up to the
Awards ceremony.
Why
Will This New Net Lease REIT Be A Game Changer?
A few weeks ago, I wrote an
article that detailed the defensive dividend attributes that are so appealing
for many REIT investors.
Portnoys
Strike Deal for Cole REIT
In March, after a contentious
proxy battle, Barry and Adam Portnoy, a father-and-son management team, lost
control of CommonWealth REIT, EQC +0.44% the crown jewel of a family-run
commercial real-estate empire valued at more than $20 billion
Impact
Growth REIT set to debut
The Impact Growth Real Estate Investment
Trust, the first REIT in Thailand worth 20 billion baht, is ready to launch its
initial offering next week and begin trading on Oct 1.
Why
I Consider Extra Space The 'Mac-Daddy' Of Self-Storage
In a previous article, I
explained the reasons for initiating an entry position in Extra Space Storage
(NYSE:EXR). I summarized my BUY call as follows:
Nippon
Prologis REIT Prices New Investment Units
SAN FRANCISCO, Sept. 8, 2014
/PRNewswire/ -- Prologis, Inc. PLD, +0.02% the global leader in industrial real
estate, today announced that Japanese real estate investment trust Nippon
Prologis REIT, Inc. (NPR) priced new investment units at 250,096 Japanese yen
per unit
BTB Real Estate Investment Trust (OTC:BTBIF)
is a tiny Canadian REIT (approx. C$550 million in assets) that focuses on
commercial, industrial and office properties in the Quebec region - its
portfolio of properties is predominantly situated in and around the
metropolitan areas of Montreal, Quebec City and Ottawa.
Like inversions by U.S. corporations that
move their legal domicile outside the United States, conversions by U.S.
corporations to real estate investment trusts are fundamental restructurings
that provide major tax benefits.
When Duke Realty Corp. DRE -0.58% closed on
the sale of its stake in a mixed-use office tower in Atlanta's tony Buckhead
district in late June, company executives beamed to investors about having eked
a profit out of a building that had been troubled by high vacancy during the
downturn.
CHICAGO—The market for net-lease products has
gotten so hot in the US that investors have begun to seriously compete with one
another for properties that host non-investment grade tenants
DANA POINT, CA—“Finance and healthcare has
been a largely male-dominated industry in the past, but we’ve turned a corner
with more women CEOs and operators now making key decisions
LOS ANGELES—Multifamily may remain the belle
of the ball, but it’s getting some serious competition.
CHICAGO— The number of statewide home sales
dipped again last month, but median prices also rose again, according to data
from the Illinois Association of REALTORS®.
LOS ANGELES—Freddie Mac’s Fast Track Early Rate-Lock
program has an advantage over banks because it can lock in a rate for a longer
period of time, according to Allan Freedman,
RE Education
October 30, 2014 -- Seattle, WA
The Seminar Group is holding its third annual Easements in Washington
conference Oct. 30 at the Washington State Convention Center. The all-day
session will cover new types of easements being sought by government, special
valuation issues, and how to protect clients and preserve property rights.
Michael A. Nesteroff of Lane Powell and Kinnon W. Williams of Inslee Best
Doezie & Ryder are the program co-chairs.
1 comment:
Do you have any information regarding real estate in Miami? I am considering investing in a condo in Miami (to be exact http://ionmiamicondos.com/), but I am not sure, whether this is a good moment.
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