Posts
Calendar
of Events
2014
November Night of the Stars
November
7,2014
NAIOP
WA
Bellevue,
WA
Future of South Lake Union
BISNOW
November
11, 2014
Grand
Hyatt Seattle
(Leonesa
Ballroom, 1st level)
721
Pine St
Seattle,
WA 98101
Cocktail Connect
CREW
Seattle
November
18, 2014
5:00pm
- 7:00pm
Palomino
1420
Fifth Avenue
Seattle,
WA 98101
Emerging
Trends 2015 | A to Z: The Intersection of Commercial Real Estate with
Technology and E-Commerce (Seattle)
Start:
November 18, 2014
7:30
am
End:
November 18, 2014
9:00
am
Venue:
Seattle Marriott Waterfront Address:
2100
Alaskan Way, Seattle , WA, 98121
November
Breakfast Meeting
November
19th, 2014
7:30am
- 9:00am
MOHAI
- 860 Terry Ave N, Seattle, WA 98109
Eminent
Domain 5th Annual
December
9 & 10, 2014 -- Seattle, WA
"This
seminar is designed to assist seasoned practitioners looking for new insights
as well as new lawyers unfamiliar with the eminent domain process. The program
will cover eminent domain basics, as well as reviewing complex appraisal
problems and emerging issues involving e-discovery."
CREW
Seattle & Sound Luncheon
December
11, 2014
11:30am
- 1:00pm
30th
Annual Trends Conference & Trade Show
IREM
December
11, 2014
Seattle,
WA
7:30am
- 5:00pm
CREW Cocktail Connect
Tue
Dec 16, 2014 5:00 PM
Location: Palomino
1420
Fifth Avenue
Seattle,
WA 98101
2014
December Breakfast Meeting
NAIOP
WA
Sheraton
1400
Sixth Avenue
Seattle,
WA 98101
December
18, 2014
7:00am
- 9:00am
Local
Where
are all the condo projects? Coming soon to Seattle, one expert says
Next
year apartment and office towers builders will again be competing with condo
developers for tower cranes.
'Explosive
growth' projected for tech tenants in Seattle office space
For
months commercial real estate brokers have been buzzing about big office leases
on the horizon, though details were fuzzy. On Wednesday, the picture became clearer.
Developer
thinks this is his cycle
Now
that construction is finally starting on the big hotel at Southport on Lake
Washington in Renton, might it be time for the long-planned office complex next
door?
Hines
buys block
Figuratively
speaking, the ground under the region’s seventh largest office tower shifted on
Sept. 25.
Broadway
Market is on the market, trade publication reports
The
owners of Broadway Market, a landmark on Seattle's Capitol Hill, have put it up
for sale, according to a trade publication called Real Estate Alert.+
Amazon-leased
building in downtown Seattle for sale, could go for $125M
For
commercial real estate landlords like Shorenstein Properties, Amazon.com is the
gift that keeps on giving.
$92.5M
and counting: Chinese investor scoops up another Puget Sound-area property
A
group of Chinese investors has bought yet another Puget Sound area property,
paying $11.2 million for a medical-office building in Redmond's Overlake area,
according to a deed that was recorded Tuesday with King County.
Seattle’s
roaring commercial real estate market shifts south to Pioneer Square
Weyerhaeuser’s
decision to move its headquarters to Pioneer Square has erased all doubt that
downtown Seattle’s center of gravity is shifting south from Lake Union.
Washington
state's 'best' hotel? Not where you'd think
Washington
state had 14 hotels listed in a recent list of the state's best hotels. But the
state's top-rated hotel is located far away from Seattle.
Plum
Creek selling Kittitas County forestland to The Nature Conservancy
Plum
Creek Timber Company Inc. said it's selling land on both sides of Interstate 90
between Snoqualmie Pass and Ellensburg in Kittitas County to The Nature
Conservancy as part of a $134 million deal.
Move
along, nothing to see at this downtown Seattle high-rise site
Even
though construction fencing is up and equipment is onsite at a downtown Seattle
high-rise development site, only preliminary work is occurring, the owner's
representative said Monday.
Real
estate network sues Zillow, claims the company stole trade secrets
An
online network for real estate agents is suing Zillow, claiming the
fast-growing Seattle company stole trade secrets and used them for Zillow's
"Coming Soon" feature.
Big
Selig office project to bring change to Ballard's busiest intersection
Seattle
office development company Martin Selig Real Estate is on a roll, and it's not
just downtown that could see the effects. Ballard is in line for two big Selig
projects, too.
Pyatt
Broadmark Reveals Lending Fund
PALO
ALTO, CA—GlobeSt.com has exclusively learned that Pyatt Broadmark has presented
a new investment opportunity in connection with the Pacific Northwest Lending
Fund.
Selig
continues empire expansion
If
anyone is bullish about the continued expansion of the Puget Sound region's
economy, it's Martin Selig.
LOS ANGELES—EVP for
acquisitions calls her favorite lawyer: “We’re buying Three Rivers Shopping
Center, so get going on due diligence.”
A group of Wall
Street investors on Tuesday suffered a blow in their attempts to sue the
federal government over its treatment of the shareholders of mortgage finance
giants Fannie Mae FNMA -13.53% and Freddie Mac FMCC -10.30% after the financial
crisis
U.S. office rents and
occupancies inched higher in the third quarter, as a gradual improvement in the
overall economy is translating into a sluggish recovery in the office sector.
Maurice
"Hank" Greenberg, the 89-year-old former chairman of American
International Group, wants nothing more his constitutional rights.
Hilton Worldwide
Holdings Inc. HLT -0.73% is selling its flagship hotel, the historic Waldorf
Astoria in Manhattan, for $1.95 billion, illustrating the heated
competition—particularly among foreigners—for famous luxury properties that
only a few years ago struggled to fill their rooms.
For more than three
decades at the helm of Forest City Ratner Cos., developer Bruce Ratner has
played a big role in the transformation of Brooklyn, Times Square and Harlem.
Los Angeles residents
call the urban runoff that flows through their concrete storm drain the Los
Angeles River. But the euphemism hasn’t fooled property owners.
Highgate Hotels LP
has sold a minority stake to private-equity firm Trilantic Capital Partners LP,
setting the stage for further expansion by the hotel-management company.
San Francisco’s
ability to nurture homegrown technology companies and lure larger ones from
Silicon Valley has been a modern-day gold rush for the city’s property
owners—and a blueprint for other municipalities.
After more than a
year of uncertainty, a third tower at the World Trade Center site appears
poised to rise thanks to an unlikely catalyst: a turnaround in the market for
municipal bonds
HOUSTON—When APF
Properties was seeking a partner to acquire an office building in this city’s
ritzy West Loop/Galleria area, it was turned down by 60 investor groups that
considered the deal too risky. As a result, APF ended up buying the building
solo.
SAN FRANCISCO—Asian
investors are on track to spend more on US multifamily assets in 2014 than at
any other point in history, according to the latest research from CBRE.
IRVINE, CA—There’s no
doubt that foreign investors continue to be interested in US real estate, both
residential and commercial, but what specifically makes them want to buy a
particular asset in a particular market?
Values for trophy
office buildings in large U.S. cities led by New York, San Francisco and
Houston have risen sharply in the past few years, due in large part to demand
for office space from the technology and energy industries.
A well-known
father-son investment team has joined forces with a former Blackstone Group
managing director to raise a new real-estate debt fund.
One of the largest
U.S. real-estate empires was battered Wednesday by its disclosure of an
accounting mistake and subsequent coverup that forced the resignations of two
top executives, slashed its flagship company’s stock-market value by 19% and
sparked a regulatory probe.
NASSAU,
the Bahamas—Thousands of Chinese construction employees are working from dawn
until dusk on this sun-drenched Caribbean island in a race to finish China's
largest overseas commercial real-estate project.
The
Haitian government is seeking partners for a seemingly daunting task: building
a world-class resort destination in one of the world's poorest countries.
With
lending still tight in the Caribbean, several island nations are embracing an
unorthodox method of financing resort and villa projects: selling citizenship.
In
August, construction started on an office building in London about a block from
the iconic Gherkin skyscraper. When finished, the structure dubbed Creechurch
Place will have 17 floors and 271,000 square feet of space—and thus far not one
confirmed tenant.
Wells
Fargo & Co., the largest U.S. commercial-property lender, is pushing deeper
into Europe amid worries about the strength of the U.K. market and as eurozone
countries slide toward recession.
Every
major U.S. hotel brand is trying to think like a millennial to win the younger
traveler’s business.
Jaguar
Growth Partners, a new private-equity firm established by former executives of
Sam Zell’s Equity International, has raised its first financial commitment for
its real-estate program.
Sales
of office buildings in Germany this year are on track to hit their highest
level since 2007, but concerns are increasing that the country’s slowing
economy will put a damper on deals.
MultiFamily
The
pace of rent growth for U.S. apartments is accelerating despite an uptick in
construction of new dwellings, as the economy steadily improves and vacancies
remain stubbornly low.
CHICAGO—As
reported yesterday in GlobeSt.com, many experts at last week’s National
Investment Center’s national conference were concerned that the coming demand
for new seniors housing could eventually cause a glut in supply.
New
York's Metropolitan Transportation Authority recently agreed to transfer 3.28
acres of land that holds two parking lots at a Westchester County train station
to apartment developer AvalonBay Communities Inc.
A
united Seattle City Council on Monday approved new rules related to
micro-housing that real estate developers say will significantly increase the
cost of building the popular apartments.
LOS
ANGELES—Multifamily properties are selling at full prices in most markets with
opportunities difficult to find, according to Ethan Penner, a commercial real
estate expert known for founding CBRE’s capital partners and the former
president of Kennedy Wilson
Freddie
Mac (OTCQB: FMCC) Multifamily announces a new initiative to purchase and
securitize small multifamily loans of $1-$5 million and with at least five
apartment units
U.S.
home building rebounded in September on the strength of apartment construction,
a category that provides less of an economic boost than single-family homes.
WASHINGTON,
DC—Housing starts made a nice jump in September, fueled in large part by
multifamily activity.
LOS
ANGELES—The only cause of concern in the multifamily market is the possibility
that NOI growth may flatten, according to Grace Huebscher, the president of
multifamily finance at Capital One. In this exclusive video interview, she went
on to say that she is very bullish on the market, explaining:
Los
Angeles—Asian investors are poised to spend more on U.S. multifamily assets in
2014 than at any other time in history, according to a recent report by CBRE.
So far—January through August—investors
LOS
ANGELES—“You have to stick to your core values when investing.” That is the
consensus from investment panelists at a recent RealShare Apartments conference
here in Los Angeles.
DISTRESSED
Atlantic City, N.J.’s
Revel Casino will be sold to private-equity firm Brookfield Capital Partners LP
for $110 million, a U.S. judge decided, rejecting Florida real-estate developer
Glenn Straub ’s arguments he didn’t get a chance to top the bid.
WASHINGTON— Timothy
Geithner, one of the highest-ranking government officials during the financial
crisis, testified in federal court Tuesday that he thought a failure of
American International Group Inc. AIG -1.02% would have had catastrophic
consequences.
IRVINE, CA—A total of
15%, or 8.1 million, of US residential properties with a mortgage is seriously
underwater as of the third quarter of the year, representing $1.4 trillion in
negative equity,
CHICAGO—Earlier this
year, Sperry Van Ness launched a Chicago-based franchise, called AuctionWorks,
which hosts multi-property auctions online, and in November it will hold its
largest auction to date, with more than 90 listings.
Real-estate investment trusts posted their
worst quarterly performance in a year and lagged behind the broader stock
market in the third quarter as investors bet interest rates would rise over the
next year.
Several potential buyers have expressed
interest in acquiring New York REIT Inc., NYRT +1.21% a $1.75 billi
IRVINE, Calif., Oct. 21, 2014 (GLOBE
NEWSWIRE) -- American Healthcare Investors and Griffin Capital Corporation, the
co-sponsors of Griffin-American Healthcare REIT III, Inc., announced today that
the REIT has entered into an agreement to acquire Independence Medical Office
Building Portfolio, comprised of five buildings totaling
THIRUVANANTHAPURAM: The proposed light metro
projects would be the first ones in the state to pay back their investment
through REITs (Real Estate Investment Trusts). The crisis-ridden state
government will raise funds to meet the running cost of the light metro
projects through property development by adopting REIT model. The projects are
estimated to cost approximately `6,728 crore when completed in 2021.
KUCHING: Real Estate Investment Trusts
(REITs) in Malaysia continue to offer good exposure of a more defensive play in
the current volatile market.
CINCINNATI, Oct. 27, 2014 /PRNewswire/ --
Phillips Edison-ARC Grocery Center REIT II, Inc. (the "Company")
today announced the acquisition of three grocery-anchored shopping centers,
Hilander Village, Milan Plaza and Point Loomis. These acquisitions expand the
Company's portfolio to include properties in Illinois, Michigan and Wisconsin.
South African property funds have recognised
a tremendous need to educate investors about how they function as investments,
SA Commercial Prop News has learnt
Investors are backing away from a corner of
the property market that had been a money magnet.
Bank lending finally looks to be hitting its
stride.
Solid loan growth has been the missing
ingredient in U.S. bank results since the end of the financial crisis. That has
made earnings even more vulnerable to downturns in other business lines, such
as trading and advising on mergers and acquisitions.
SACRAMENTO—As it pulls the plug on hedge funds,
the country’s biggest public pension is giving its property portfolio a $7
billion jolt.
LOS ANGELES—With the Affordable Care Act well
under way and the consolidation of many healthcare organizations, healthcare
real estate is experiencing a small revolution.
DENVER—Since Centerline Capital Group SVP
Suzanne Cope entered the industry, the number of women involved in real estate
has significantly grown, as has their overall level of responsibility.
GLENDALE, CA—Women are more involved in the
service aspects of commercial real estate and asset and property management,
but they’re still not the deal decision-makers, Andrea S. Glickman, area vice
chairman and managing…
Fannie Mae , Freddie Mac and mortgage lenders
are nearing an agreement that could lower barriers and restrictions on
borrowers with weak credit, a move that would expand access to home loans amid
the sluggish housing recovery.
WASHINGTON—A push to tighten mortgage-lending
standards in the wake of the housing bust has given way to making credit more
accessible as Washington frets about the strength of the housing recovery.
LAKELAND, FL—What is the internet’s true
impact on retail sales? What is the internet’s other impact on the sector?
ORANGE COUNTY, CA—With Millennials taking
their places as professionals in the commercial real estate industry, one
wonders how they are working together with older, more experienced
professionals.
ORANGE COUNTY, CA—Seasoned commercial real
estate professionals and Millennials, while seemingly disparate groups, can
learn a lot from each other.
MIAMI— General Growth Properties Inc. and
Ashkenazy Acquisition Corp. are paying $280 million for a 20% stake in the
company that owns much of this city’s Design District, betting on the emerging
luxury-retail neighborhood as some 50 brands prepare to open new stores.
ORANGE COUNTY, CA—As Millennials enter the
field and Baby Boomers exit, there has been a natural shift in methods of
operations in the commercial real estate industry. In Part 1 of a two-part
story,
RE Blogs Education
WALNUT CREEEK, CA—Many public companies have
substantial sums invested in commercial real estate that it owns and uses in
their business.
SAN DIEGO—Racecar driver and color
commentator Derek Daly knows a lot about speed, and the Formula One racer
shared with ICSC attendees his tips for speed in his keynote…..
CHICAGO—When Ben Bernanke spoke at last
week’s NIC National Conference on seniors housing, he illustrated one of the
reasons the housing market has not yet fulfilled its post-recession potential.
Did you know that California is the only
state in the country in which mechanics liens are a constitutional right? Tis
true.
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