real estate
Seattle’s Poised for a Building Boomerang
Seattle scores high on commercial construction index
This article is featured in the March issue of Seattle Business magazine. Subscribe here to access the print edition. The Seattle area is poised for a big rebound in commercial construction after the pandemic. Seattle ranks No. 5 on commercial brokerage CBREs inaugural U.S. Development Opportunity Index based on construction costs, existing supply, prior performance…
Editor’s Note: Seeking Space
Housing patterns reflect the no-commute lockdown.
This story is featured in the March issue of Seattle magazine. Subscribe here to access the print edition. After almost a year of pandemic-induced lockdown, we recently moved from a smallish condo to a house with double the space. It became steadily apparent as the months slowly ticked off last year that the condo we…
Seattle’s Poised for a Building Boomerang
Seattle scores high on commercial construction index
This article is featured in the March issue of Seattle Business magazine. Subscribe here to access the print edition. The Seattle area is poised for a big rebound in commercial construction after the pandemic. Seattle ranks No. 5 on commercial brokerage CBREs inaugural U.S. Development Opportunity Index based on construction costs, existing supply, prior performance…
Editor’s Note: Seeking Space
Housing patterns reflect the no-commute lockdown.
This story is featured in the March issue of Seattle magazine. Subscribe here to access the print edition. After almost a year of pandemic-induced lockdown, we recently moved from a smallish condo to a house with double the space. It became steadily apparent as the months slowly ticked off last year that the condo we…
Northern Virginia Housing Prices Have Soared Since Amazon Chose Arlington as its HQ2
The Seattle Amazon effect now extends to the company's East Coast HQ2 location, Realtor.com says
If the Amazon effect on housing prices in Seattle is still a question mark in some circles, a just-released study by Realtor.com seems to pour cold water on those doubts. The real estate platform assessed the impact on Arlington, Virginias housing market a year after Amazon chose the East Coast metro as its second headquarters…
New York Leaders Revive Amazon HQ2 Bid
Their support of the deal is trumpeted in an open letter published in the New York Times
Amazons decision last month to abandon efforts to develop another headquarters, or HQ2, in Long Island City, Queens, has gotten the full attention of some New York City power brokers who are hoping to convince the Seattle company to reconsider its decision. Those Big Apple movers and shakers made public their desire to bring Amazon…
Funko Goes to Hollywood
Everett, Washington-based retailer of fan-driven memorabilia is planting its flag in the heart of pop culture
Pop-culture consumer products company Funko Inc. is expanding its reach to Tinsel Town, opening a new retail location in the Hollywood. The new location, slated to open later this year, will be on Hollywood Boulevard in East Hollywood, near the Pantages and TLC Chinee theaters. Funkos 40,000-square-foot Los Angeles outlet is its second location, with…
The Minority Home Ownership Gap Is Bad in the U.S. and Worse in Seattle
The home ownership rate for white people in Seattle is more than 65 percent, but for African-Americans in the metro region, the rate is below 30 percent.
Wealth and home ownership rates are major indicators of the racial inequality that continues to exist in America. The Washington Post reported earlier this year on the widening wealth gap between white Americans and minorities, saying, In 2016, white families had a median net worth of $171,000, compared with $17,600 for blacks and $20,700 for…
Real Estate: The Central Question
Will redevelopment enhance or erase the cultural underpinnings of Seattles once predominantly black neighborhood?
It took a mixture of luck and dogged persistence for hairstylist De Charlene Williams to secure a small-business loan. It was 1968 and Boeing was about to begin the infamous round of layoffs that would slash its workforce from 142,000 to 56,000. Local banks were therefore willing to give loans to almost anybody who could…
Asian Investment in U.S. Trophy Assets Quadrupled in 2016
Office and hospitality properties especially prized.
Theres been much talk lately of record Asian capital being pumped into the U.S. commercial real estate market, especially in the past year. Foreign investors stole the spotlight in 2016, injecting billions in commercial assets, with a clear preference for the office and hospitality sectors. Anbang Insurance Groups $5.5 billion buyout of Strategic Hotels &…
Building the Future at SolTerra
Brian Heather believes sustainability in commercial and residential development should be within the economic reach of everyone.
In Seattle and Portland, theres a new kind of apartment building taking shape. With green roofs, living walls, solar panels and energy efficiency built into every corner, the projects from Portland-based SolTerra represent what company founder and President Brian Heather sees as the future of design and construction. SolTerra is founded on the idea that…