One Paseo Carmel Valley Project May Serve As Model For Suburban Development
After winning overwhelming approval by the San Diego City Council recently, Kilroy Realty Corp's 1.18M SF One Paseo Carmel Valley mixed-use development will break ground at the end of this year, Kilroy SVP of development Robert Little tells Bisnow. Bob will be among the development and construction professionals at our Annual San Diego Construction & Development Forum on July 28.
In approving the plan, the city council noted this dense development will serve as a model for future suburban development in a region in need of more housing, especially close to employment centers. There is limited land for growth in North…
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Protea Waterfront Development Selected To Redevelop Seaport Village
Protea Waterfront Development's $1.2B proposal (below) for a mix of hotels, shops and restaurants, a public beach, an aquarium and a 480-foot observation tower called “The Spire” is moving forward to replace Seaport Village on 70 acres of Downtown San Diego's waterfront following a 6-1 vote by the San Diego Unified Port District in favor of the plan. (Learn more at Bisnow's San Diego Hospitality Development Takeoff on Aug. 18.)
The vote, which was opposed by board chairman Marshall Merrifield, allows the board to move to exclusive discussions with the Protea team to verify financial projections, clarify parking and mobility plans and explain why $150M in planned public infrastructure would…
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Everything You Need To Know About Seaport Village Redevelopment
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San Diego Among WalletHub's Top 10 ‘2016 Best Large Cities To Live In'
San Diego ranks eighth overall in a study of “2016 Best Large Cities To Live In,” which evaluated 62 of the largest US cities in four categories: livability, education, health and economy & taxes. San Diego ranked third for livability, 11th for…
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Why WeWork Should Not Go Public
Recently, there have been whispers the co-working giant is considering an IPO. And it's not a far-fetched idea considering investors gave it a $16B valuation in March after the company raised $430M during a round of funding. In fact, WeWork has managed to raise more than $1.4B in the last six years to fund its rapid growth.
But Harvard economist and real estate lecturer Ray Torto tells Bisnow that may not be enough for the average investor. Long-term success as a public company isn't just about insiders understanding and financially supporting a firm. Eventually, it becomes about the average American investor.
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June Report Shows Promise, Trouble Still Looms For CMBS
With more than $9B in outstanding CMBS loans due for repayment in June, research firm Morningstar says the rate at which they're being paid off increased by 2.7% last month.
Most of the matured loans fell within the retail, office, hotel and industrial sectors, accounting for more than 80% in unpaid balances combined. Last month, 479 matured loans were paid in full, totaling $6.14B, and dropping the payoff rate to 78.5% from 85.1% in May.
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BisnowTV Exclusive: Forest City Ratner CEO MaryAnne Gilmartin Discusses How She Got Her Start In Real Estate
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The Simple Trick To Leasing Space Faster
Leasing commercial real estate is about showing the client the potential that a space possesses. You can present a raw space empty.
If you're feeling ambitious, you can spend a bunch of time, money and other resources on another broker…
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Seattle Sales Rep Needed: $3k Referral Fee
Quick: name a beloved, caffeine-charged Seattle institution that is famous for its highly regarded brand, amazingly adept employees and its legendary sales numbers. Of course, if you guessed Bisnow, you are absolutely correct. Now Bisnow is ground-roasted into Seattle culture, we are looking for a grande-sized outside sales rep with three to five years' experience who can do a little coffee talk with the clients. Clients are totally addicted to us, since we're the largest commercial real estate platform in North America. We are ready to offer the job java jolt of a lifetime: an extremely competitive base and commish, full healthcare benefits, and the chance to say, without irony, “coffee is for closers.” Know anyone? We're listening. If we hire them, you get three grand. That's a lotta lattes. For more information, contact Javier at Javier@bisnow.com. |
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