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FIABCI-USA
March
19th 11:30 am – 1 pm
MARCH
INTO OUR MARCH FIABCI EVENT WITH KEMPER DEVELOPMENT COMPANY
Lincoln
Square The Studio Just down from Lucky Strike
700
Bellevue Way NE 2nd level
Bellevue
WA 98004
REIT Week 2015
June
9th – 11th
New
York Hilton Midtown
New
York, NY,
More
than 200 REIT CEOs and their management teams will meet with qualified
institutional investors in New York City this June. During the three day event,
NAREIT Corporate Members will have the opportunity to share their current
business plans, forecasts and strategies with nearly 2,000 investors in
attendance.
Local
50-story
skyrise proposed for site next to 'Fifty Shades of Grey' tower
Many
people want a peek inside the Seattle condo building that's the setting for
"Fifty Shades of Gray," and a New York developer is proposing a
high-rise where occupants would have a bird's-eye view.
Real
estate, education cross paths as Chinese enrollment at UW jumps 856 percent in
10 years
One
of the main reasons Chinese nationals are buying up more and more real estate
in the Puget Sound area is because they want to provide housing for their
children who attend schools here.
Holy
high-rise: Developer snaps up century-old religious supply store
A
San Francisco real estate company has paid $11.7 million for a half-acre
Seattle property where it's planning to build a 25-story apartment tower next
to Amazon.com's growing headquarters.
Sale
of Seattle BioMed, Juno building sets Seattle price record
BioMed
Realty Trust late Tuesday announced it is under contract to buy the South Lake
Union building that houses Juno Therapeutics and Seattle BioMed.
$313
million and counting: Vulcan sells another big apartment building
Vulcan
Real Estate on Monday announced the $138.2 million sale of Rollin Street Flats,
a 208-unit apartment project at a busy intersection in Seattle's South Lake
Union neighborhood.
$19M
sale of Hostess site gives rise to big S. Lake Union apartment project
The
industrial building where Hostess made Twinkies for decades soon will be no
more as the new owner prepares to raze the Seattle building to make way for a
294-unit apartment complex.
Hines
buys Civica Office Commons in Bellevue
Hines,
an international real estate firm, on Thursday announced it has acquired Civica
Office Commons, a two-building property in downtown Bellevue.
Work
in an office building? There's a good chance you'll soon have a new landlord
Metropolitan
Park East, where Facebook has an office, is for sale. So are the Seattle Trade
& Technology Center, which houses Zulily's headquarters, and Trulia Center
in downtown Bellevue.
Big
day in the International District as Uwajimaya breaks ground on $24M Publix
project
The
general consensus in the International District/Chinatown area is that the
historic Seattle neighborhood needs more market-rate housing, and a long-time
player in the community took a big step Monday to make it happen.
Vulcan
sells mixed-use development for $150 million
Institutional
investors paid Vulcan Real Estate paid $150.5 million for the new Stack House
Apartments and Supply Laundry Building in Seattle's South Lake Union
neighborhood.
Kilroy
buys full block in South Lake Union, plans to demolish KING 5 studio
Kilroy
Realty Corp. has scooped up another property in Seattle's South Lake Union, but
unlike the previous acquisitions this one is a re-development play.
Facebook
will more than quadruple its Seattle office space with move to South Lake Union
Sources
in the commercial real estate industry say Facebook has agreed to rent all but
two of the 10 floors in the soon-to-open Dexter Station building, 1101 Dexter
Ave. N.
Pierce
County narrowly OKs $127M office deal with Wright Runstad
After
years of planning, Pierce County is moving forward on the development of a
large office building in Tacoma.
Paul
Allen used to code here. Now he's building an apartment complex at the site
Vulcan
Real Estate plans to start building a large apartment project in the University
District of Seattle this spring, company Vice President Ada M. Healey said
Wednesday.
Zillow
Finalizes Deal for Trulia
SEATTLE—Zillow
Inc. said Tuesday afternoon it had completed its $2.5-billion acquisition of
Trulia Inc. in a stock-for-stock transaction.
Kilroy
buys full block in South Lake Union, plans to demolish KING 5 studio
Kilroy
Realty Corp. has scooped up another property in Seattle's South Lake Union, but
unlike the previous acquisitions this one is a re-development play.
Buyer
locks down prime downtown Bellevue development site
One
of the last development sites along Bellevue Way in downtown Bellevue is back
on the market, and the asking price has jumped 45 percent in four years
Nearly
65,000 people live in downtown Seattle. Almost a quarter-of-a-million people
work downtown every day. Fifteen million square feet of office space is under
development.
U.S. debt markets are
booming and companies from Apple Inc. to Union Pacific Corp. are borrowing
money at historically low rates.
Four years ago, a
venture of Shorenstein Properties and a company controlled by Los Angeles
investor Jeff Worthe paid $44 million for an empty former U.S. Postal Service
distribution center in western Los Angeles, betting it could make the cavernous
space into a thriving hub of companies in the media and tech sector.
Office condominiums
have never taken hold in the U.S. as they have in Europe and Asia, even during
periods when rental rates have risen rapidly.
HOUSTON—The jagged
skyline of this oil-rich city is poised to be the latest victim of falling
crude prices.
In December,
Detroit’s economic-development office approved plans for the city’s vacant
Tiger Stadium to be redeveloped by Larson Realty Group, which will repurpose
the historic site into a $32.6 million mixed-use development that will include
apartments, town houses and retail space.
When landlord Monday
Properties broke ground in 2010 on the Washington-area’s now-tallest building,
the move appeared savvy.
The chief executive
of Starwood Hotels & Resorts Worldwide Inc. abruptly resigned Tuesday,
following months of behind-the-scenes wrangling with shareholders and after
alienating board members.
At the Cosmopolitan
of Las Vegas, the top four floors of the hotel’s 52-story east tower offer some
of the Strip’s prime real estate. Views from the wraparound balconies stretch
for miles, and ceilings soar up to 16 feet. Yet these rooms sit unfinished and
have never been occupied by guests.
Some deals are made
in real estate hell. Others are from real estate heaven. This is a story about
one in the latter category.
WASHINGTON (February
19, 2015) – A stronger labor market and stable U.S. economy should keep
commercial real estate demand on the rise, but the pace of growth will likely
be hindered by overseas weakness, according to the National Association of
Realtors® quarterly commercial real estate forecast.
The Italian family
that controls Cushman & Wakefield Inc., one of the world’s largest
real-estate services firms, is putting the company up for sale as rising
property prices push up the value of rivals, according to people familiar with
the matter
When real-estate
investor Nadim Ashi approached Four Seasons Hotels & Resorts in 2013 about
branding his Miami Beach property with the luxury operator, he was told it
couldn’t happen because of a deal the company made nearly two decades earlier.
Tel
Aviv is facing a glut of new office space being built by developers with
low-cost financing that are hoping to cash in on Israel’s booming technology
sector
TEL
AVIV—Residential real-estate prices in Israel have been on a tear for the past
seven years. An expected wave of French Jews fleeing an increasingly tense
environment in France could push prices even higher.
DUBAI—Real-estate
mogul Safi Qurashi is often asked why he has stayed in Dubai after he was
imprisoned here for nearly three years and came close to losing his entire
business.
DEE
WHY, Australia—In Australian backyards, manicured lawns, flower beds and
trampolines are making way for the latest emblem of the country’s booming
housing market: granny flats.
The
Spanish shopping experience is getting a multibillion-dollar makeover as the
nation’s economy improves and foreign investment flows in.
Norway’s
state-run investment fund is becoming one of the world’s biggest landlords at a
time when other big commercial property owners are sounding alarms about high
prices.
MultiFamily
After
a banner year in 2014, the party might be coming to an end for real-estate
investment trusts that specialize in residential apartment buildings.
LONG
BEACH, CA—The Long Beach multifamily market is experiencing “unprecedented
growth,” according to Robert Stepp, the president of Stepp Commercial and an
expert in the Long Beach multifamily sector
Vulcan
Real Estate's selling spree continued Friday, when the company sold the
residential portion of the Alley24 project in South Lake Union.
Student
housing has undergone a transformation in recent years, with an increasing
number of private developments resembling high-end apartments rather than
traditional dormitories, with amenities including swimming pools and party
rooms.
Cooking
classes, vegetable gardens and exercise rooms – amenities typically found in
mid- to high-end apartments – are coming to low-cost complexes across the
country, thanks to a Seattle company's commitment to First Lady Michelle Obama.
The
30-year-old restaurant next to Seattle University likely won't be around by the
end of this year.
After a banner year in 2014, the party might
be coming to an end for real-estate investment trusts that specialize in
residential apartment buildings.
Sears said it would split off up to 300 of
its best stores into a separate company by June, accelerating the dismantling
of the struggling retailer by hedge-fund manager Eddie Lampert.
Executives from each of the four U.S.-based
self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space
Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—will make
roundtable presentations next month during the 2015 Global Property CEO
Conference, an event designed for institutional investors
Hudson’s Bay Company (HBC) is joining forces
with two commercial real estate titans, one in the United States, the other in
Canada, in a bid to achieve what has eluded many retailers: getting full credit
for value of the real estate the department store operator owns.
FEBRUARY 20 —Singapore is one of the fastest
growing markets for real estate investment trusts (REITs) in Asia Pacific with
a market capitalisation of about S$68.9 billion, but this leadership position
should not be taken for granted.
TUCSON, Ariz. -- One of the many ways
convenience-store operators create deals or reinvigorate their chains is though
the help of REITs, or real-estate investment trusts, which are involved in many
sale-leaseback deals that have transpired in recent years.
J C Penney Co Inc. JCP 5.26% prospects for
spinning off its properties into a real estate investment trust would do little
to solve its underlying difficulties, an analyst said Wednesday.
SAN DIEGO—Women can be successful in
traditionally male careers by being assertive, persistent and hard-working,
Trigild’s president Judy Hoffman tells GlobeSt.com exclusively.
TUSTIN, CA—Creating a well-informed consumer
is probably the single most-important effect that technology has had on the
retail industry, Coreland Cos.’ director of retail brokerage Matt Hammond
There are two new reasons to consider adding
REITs, or real estate investment trusts, to an investment portfolio, a Union
Grove money manager says.
Wall Street Sector Selector
Many investors prefer REIT ETFs, because they
can save one the trouble of doing research about individual REITs. REIT ETFs generally
have fund ...
Last summer, Life Time Fitness announced it
would explore spinning off the real estate assets of its health and fitness
centers into a real estate investment trust. Life Time is currently trading
around $55 per share, but KeyBanc Capital Markets analyst Scott Hamann thinks
the combined value of a REIT and…
RE Blogs Education
Dear Bubble,
Ms. Real Estate appreciates receiving your
time-sensitive question. While she can’t predict when de-escalation of prices
will occur, she does commend the wisdom of your wariness.
With the retail industry going through a lot
of flux these days, many shopping centers have been, and continue to be,
targets for acquisition, redevelopment or repositioning.
