Portland's Jupiter Hotel Capitalizes On Community Inclusion
Breaking into the hotel business isn't easy, but Jupiter Hotels founder Kelsey Bunker found a strategy that worked. She launched her two-property boutique hotel brand in Portland in 2004 with less of a business formula and more of an instinct.
Her first Jupiter Hotel was created from a former mid-20th century motor inn. The design reflected her vision of what a hotel should be.
It is fun and friendly, with the buildings wrapping around an outdoor terrace that invites conversation…
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Former Microsoft Execs Launch Opportunity Zone Fund, ID First Projects For Investment
Seizing on the excitement around opportunity zones, former Microsoft executives Tim Schoultz and Joe Ollis have launched an opportunity zone fund.
The fund's first project will be an industrial building in Arlington. Their company, Smartcap, is currently under contract to…
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1.2M SF SODO Office/Retail Campus Gains Permit Approval
Urban Visions recently received permit approval from the city of Seattle for a commercial campus directly east of CenturyLink Field. The five-building development will include 1.2M SF of office and ground-level retail space.
The development is called S and is…
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$21M Loan Closed For Everett Mall Acquisition
UC Funds recently closed a $21M first mortgage loan that will be used to recapitalize the acquisition of the 491K SF Everett Mall. Brixton Capital acquired the Everett Mall in 2017 for $36.4M, according to The Registry.
The 2017 purchase…
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No More Kitchens: How Student Housing Is Changing To Lower Costs And Support Students
As the cost of construction continues to go up, student housing developers are finding it makes more sense to forgo luxury amenities for more social spaces. One piece of advice? Skip the kitchen.
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Coming Soon: Biggest Multistory Warehouse In The U.S.
BROOKLYN, N.Y. — As retailers continue to seek ways to deliver their products to as many customers as possible as fast as possible, developers are building bigger and taller than ever to help them.
An 18-acre site in Brooklyn will be home to a four-story, 1.3M SF distribution center, the largest multistory warehouse in the United States.
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MLB All-Star-Turned-Developer Mark Teixeira Believes Developers Should Be Investing In Public Schools
Apartment developers diving into the city need to focus on quality schools along with all the retail, office and green spaces clustered in mixed-use projects. While it may not determine whether a resident keeps renting after starting a family, investing in the community's school system is “the right thing to do,” former Major League Baseball All-Star Mark Teixeira said.
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