News
TIME TO SELL
August 25, 2011
| Fifield's Steve Fifield wasn't planning on selling his two most recently completed apartment towers—The Echelon and Alta at K Station—yet. But as more young people look to rent downtown and rental rates go up overall, it's time, he tells us. Come see Steve with other legendary developers, finance experts, and brokers atBisnow's 2nd Annual Real Estate Summit Sept. 20. Sign up here! |
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| Here's Steve showing us some of his new potential sites. Over the last year, he's leased the two K Station apartments to more than 90% and (with JV partner Pacific Life) put them on the market. He's seen four possible major anchor tenants pursuing his 470k SF 26-story office site at 601 W Monroe, which could lease sooner than he'd thought given there are just a handful of contiguous office spaces over 250k SF in the CBD. But it's not just office and apartment demand that's growing: He's planning on developing a new data center at 625 W Monroe to support the high demand for data processing. Steve also is looking forward to hearing what Neil Bluhm has to say about what the next investment market will be and how Michael Reschke's new JW Marriott is doing. You can look forward, too, by signing up here! |
