Posts
Calendar of Events
RealShare's
Real Estate Outlook conference
RealShare's Real Estate Outlook
conference has been the leading Los Angeles commercial real estate event for 25
years. In 2013, we're excited to bring you RealShare Los Angeles, where 1000+
attendees will gather to talk about every income producing property type, locally
and nationally.
Local
After
viaduct demolition, apartment tower could rise
After Seattle's Alaskan Way
Viaduct is demolished in a few years and replaced by a waterfront tunnel,
developers could build a new apartment tower that would take advantage of new
Puget Sound views in aftermath of the viaduct.
Seattle’s
1202 Building To Be One of Region’s Most Efficient
SEATTLE-The Seattle District of
the U.S. Army Corps of Engineers has moved into new headquarters at Federal
Center South Building 1202, a design-build project led by ZGF Architects LLP
and Sellen Construction.
$665M
Gateway Pacific Terminal Gains Support
SEATTLE-Speaking to a crowd of
supporters at the Washington State Convention Center in Seattle, prominent
leaders of King County and state labor groups and the Association of Washington
Business recently added their voices in support of the proposed $665 million
bulk commodity export terminal.
Developers
see Seattle's building boom moving to Bellevue
Today just two construction
cranes rise above the broad streets of downtown Bellevue.
A year from now, there could be a
lot more.
The
good times for apartment landlords will come to an end in the coming years,
according to a new report from Dupre + Scott Apartment Advisors.
One
of the most expensive homes listed in the Puget Sound area has finally sold.
Dubbed Boulevard Place East, the Mercer Island mega-manse at 4137 Boulevard
Place sold for $13.2 million to Jay Deutsch, founder of Woodinville-based
Bensussen Deutsch and Associates Inc. (BDA), manufacturer of branded
promotional merchandise. The deal closed the day before Thanksgiving.
Seattle
is the ninth-best market in the country for homeowners selling their home,
according to a new report.
One
of the most expensive homes listed in the Puget Sound area has finally sold.
Dubbed Boulevard Place East, the Mercer Island mega-manse at 4137 Boulevard
Place sold for $13.2 million……
BELLEVUE,
WA-GlobeSt.com has learned exclusively that San Jose, CA-based Saratoga Capital
Inc. has purchased Archstone Redmond Park, a 260-unit apartment community, from
ASN Redmond Park LLC of Englewood, CO, for $62.1 million.
PORTLAND,
OR-GlobeSt.com has exclusively learned that Oregon-based Glenbrook Partners
Ltd. Partnership has sold its Glenbrook Apartments for $33.7 million. The buyer
was an affiliate of New York City-based Abacus Capital Group.
A
Seattle company, HAL Real Estate Investments, got a big payday Tuesday when it
sold the 7th & Madison medical building on Seattle’s First Hill.
Amazon.com's
$1.16 billion purchase of its sprawling South Lake Union headquarters in
Seattle that closed Friday afternoon is the largest office sale in the United
States for 2012.
Commercial
real estate services company Colliers International reports that Kilroy Realty
will buy Vulcan Real Estate and Group Health’s Westlake/Terry property, where
Microsoft leases space.
Google Inc. GOOG
+1.93% searched for land for its data centers and got lucky in Iowa, a state better
known for cornfields than computers.
A Chinese company
listed on the New York Stock Exchange is beginning to develop residential
property in the U.S., hoping to tap into the hot demand among Chinese investors
for U.S. apartments.
Inland
American Real Estate Trust Inc. plans to begin marketing 4,000 apartment units
and pour the proceeds into student housing in a sign that the shine is fading
from the multifamily sector.
More
buildings are set to rise in Playa Vista, one of the largest undeveloped areas
left in Los Angeles, as developers turn their focus from the exurbs to the
"infill."
Next
week's ICSC New York National Conference will bring together thousands of
retail real estate professionals from the area and beyond. And according to
Joseph French, an associate vice president of investments at Marcus &
Millichap (booth #413) who specializes in retail, there should be more activity
this year than in 2012 at the show.
New
York's top financial regulator hasn't signed off on a pair of deals that would
establish the biggest processor of subprime mortgages.
Sony
Corp. should soon know the value of its iconic Manhattan tower.
The
electronics giant put its 37-story New York office building at 550 Madison Ave.
up for sale earlier this year, and is set to take first-round bids on the
property on Monday, according to real-estate executives informed of the
deadline.
For
years Boston civic and business leaders have dreamed of developing the city's
Seaport District, a collection of aging industrial buildings and parking lots
separated from downtown by an old shipping channel.
LONDON—TescoTSCO.LN
-0.19% PLC is poised to leave the U.S. after spending five unprofitable years
and £1 billion ($1.61 billion) on an ill-timed American gambit that now ranks
among the British retailer's biggest-ever failures
The
sprawling Roosevelt Field mall on Long Island, anchored by Bloomingdale's,
NordstromJWN +1.28% and Macy's, ranks among the 20 most-lucrative malls in the
U.S.
A Los
Angeles real-estate company that specializes in distressed industrial property
has joined forces with a West Virginia not-for-profit economic-development
agency to try to cash in on the natural-gas boom in that region by buying a
shuttered steel plant.
Beleaguered
Seattle biotech Dendreon Corp., which announced it was is closing its Morris
Plains, N.J. facility in July, said it's sold the facility to Novartis
Pharmaceuticals Corp. for $43 million.
Arthur
and William Lie Zeckendorf—the developers of one of Manhattan's most-successful
condominium projects in recent memory—are hoping to repeat their success partly
by using the same architect.
YANGON,
Myanmar—Private-equity firms are divided over whether Myanmar will be a source
of huge profits, or just another place to endure losses.
THANLYIN
TOWNSHIP, Myanmar—A possible scene from the future of Myanmar, one of the
world's poorest countries, is taking shape on a bluff here overlooking a muddy
stretch of the Bago River.
Simon
Property Group Inc. SPG -0.52% is getting good marks for its handling of
French-based Klépierre SA LI.FR +0.40% less than a year after buying a
controlling stake in one of Europe's biggest retail property owners.
STOCKHOLM—Nokia
Corp.'s NOK1V.HE +9.66% hulking glass-and-steel headquarters overlooking the
Gulf of Finland was built in several phases with half-a-million square feet of
space, enough room for thousands of employees to take the onetime galoshes
maker to the top of the world's cellphone market
DUBAI—Seeking
to cement its position as a Middle East center for transport and tourism, Dubai
has unveiled several grandiose construction projects that bear some of the
hallmarks of the debt-laden boom years that nearly brought the emirate to its
knees.
U.K.
home builders are continuing to struggle with weak demand even as their
counterparts in the U.S. enjoy a housing recovery that is enabling them to ramp
up production.
MultiFamily
The
good times for apartment landlords will come to an end in the coming years,
according to a new report from Dupre + Scott Apartment Advisors.
LOS
ANGELES-Champion Real Estate Co. revealed a new partnership with Alex Saunders
who will serve as a partner of Champion-Saunders Multi-Family Investments
PORTLAND,
OR-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a
post teasing the announcement, but GlobeSt.com has learned that Wood Partners
has reached an agreement with local developer Hoyt Street Properties to pursue
development of an $80-million high-rise tower in downtown Portland’s Pearl
District.
GARDEN
GROVE, CA-Developer Brandywine Homes is planning its first multifamily
development—the first of four apartment complexes it plans to build in the
coming year. In January, the firm will break ground on a 25-unit project
consisting of two- and three-bedroom townhomes and flats on .887 acres near
Dale St. and Stanford Ave. here
BELLEVUE,
WA-GlobeSt.com has learned exclusively that San Jose, CA-based Saratoga Capital
Inc. has purchased Archstone Redmond Park, a 260-unit apartment community, from
ASN Redmond Park LLC of Englewood, CO, for $62.1 million.
Tricap Expands into Ohio with 120-Unit Apartment Buy
EXCLUSIVE DUBLIN, OH-The Chicago-based company makes its first move outside of Illinois by acquiring Residences at Sawmill Park on behalf of a private investment group.
EXCLUSIVE DUBLIN, OH-The Chicago-based company makes its first move outside of Illinois by acquiring Residences at Sawmill Park on behalf of a private investment group.
BEVERLY
HILLS, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have
seen a post teasing the announcement, but GlobeSt.com has learned that Aragon
Holdings has expanded into two new markets with the acquisition of three
properties in Atlanta and Denver
DISTRESSED
PALM BEACH, FL—The Related Group won the foreclosure auction for the
Promenade at Palm Beach. The final price: $121 million. Related can now take
title to the unsold residential and commercial inventory at the condo complex,
which went into foreclosure in April.
The
High Cost of Rolling With REITs
Real-estate investment trusts are closing out another strong year,
benefiting from their status as higher-yielding investments in a world of
meager interest rates. But some fund managers say REITs are getting less
appealing even as they grow more popular.
Prologis
Board Approves J-REIT Sponsorship
SAN FRANCISCO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE
may have seen a post teasing the announcement, but GlobeSt.com has learned that
locally based Prologis Inc……
DCT
Nabs 313,000-SF Asset
LA PORTE, TX-A three-year wait for a two-building industrial property
ended for DCT Industrial Trust Inc. as it just concluded an off-market
acquisition of the rail-served, 312,964-square-foot facility near the Port of
Houston.
PREIT
Enlivens Retail at Moorestown Mall as Alcohol Ban Lifted
MOORESTOWN, NJ-After working hand-in-hand with Township officials and
residents here for several years to overturn a century-old local ban on
alcohol, Pennsylvania Real Estate Investment Trust is making merry at the local
mall.
DCT
Nabs 313,000-SF Asset
LA PORTE, TX-A three-year wait for a two-building industrial property
ended for DCT Industrial Trust Inc. as it just concluded an off-market
acquisition of the rail-served, 312,964-square-foot facility near the Port of
Houston.
So far worries about the "fiscal
cliff" don't appear to be weighing on the housing market. Perhaps they
never will.
Real
Estate Weekly: Owning a home may be unattainable for many: survey
MarketWatch - Eighty-eight percent of those surveyed say owning a home is important, but only 45% say it’s attainable for middle-income families and 43% say a home is the best investment a family can make, according to the survey of 3,000 Americans…
MarketWatch - Eighty-eight percent of those surveyed say owning a home is important, but only 45% say it’s attainable for middle-income families and 43% say a home is the best investment a family can make, according to the survey of 3,000 Americans…
John Paulson, the billionaire hedge-fund
manager who made a fortune betting on the collapse of U.S. home prices, is
sitting on a tidy profit from the real-estate market's rebound.
With
demand for farmland showing no signs of slowing, the market is welcoming the
return of a missing element: supply.
LOS ANGELES-Office and industrial recovery is
reaching more areas of Los Angeles and Orange counties as well as the Inland
Empire, according to a recently released report, “The 2012 Casden Industrial
and Office Forecast from the University of Southern California,”
Six generations ago, Chinese workers were
brought to San Francisco as cheap, pliable labor. Degraded as
"coolies," they were thrown into the back-breaking work of mining
gold and building railroads.
There are few professionals more hopeful for
a bright future this holiday season than architects, who are finally starting
to see business conditions improve.
