Move Over Fortnite, CRE Goes Gamey
With VR Spaces
Through a gaming-like environment, construction firm Mortenson brings architects, contractors, developers and other interested parties together through virtual reality. Rather than flying thousands of miles to oversee a project, virtual reality allows everyone to see projects full scale before they are even built. Everyone can virtually enter the space, point and communicate through the system.
Mortenson, based in Minneapolis, is one of the first commercial development firms to employ this technology to the pre-design, construction and leasing phases in both residential and commercial buildings. Its Kirkland-based Virtual Insights service group creates true-to-scale virtual reality spaces…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
|
|
|
Fed Up With Vacant Storefronts, Residents Force Cities To Punish Retail Landlords
Coast to coast, bustling retail meccas used to embody a decidedly American pastime: shop till you drop. But empty storefronts across the U.S. have cropped up in places that go far beyond the “retail apocalypse” that has battered suburban malls — and some municipalities are fed up.
From retail corridors nestled in some of New York's trendiest neighborhoods to wealthy bedroom communities just outside of Boston, vacancy signage is becoming more common than glitzy placards announcing a big sale.
Local governments, wary of landlords who choose to keep their properties empty — sometimes for months and years in the hopes of landing a deep-pocketed tenant — are now responding by exacting financial penalties against these proprietors.
Click here to read the full story. |
501 Eastlake Building In SLU Sells For $58.75M
The 501 Eastlake office building in South Lake Union recently sold to Lincoln Property Co. for $58.75M, or $568/SF. The 103,494 SF building is the Capital One regional headquarters. It was 79% leased at the time of sale. The building…
Read Full Story
|
|
|
Bosa Development Acquires Parcel In Downtown Bellevue
Bosa Development recently acquired an 18K SF parcel at 205 105th Ave. NE from JH Choi LLC for $11M. The site formerly housed Sushi Maru, a Japanese restaurant owned by Paul Choi. It is directly across the street from Bosa's…
Read Full Story
|
|
|
Willow Creek Corporate Center Sells To Preylock For $136M
The Willow Creek Corporate Center sold last week to Preylock Real Estate Holdings. The complex includes 421,785 SF across seven fully leased buildings in Redmond along Willows Road NE.
The sale price was $136M, or $322/SF, The Registry reports.
The…
Read Full Story
|
|
|
13 Commercial Real Estate Execs On Why They Love City Skylines (Part 2)
|
|
|
Networking At Bisnow's Annual Multifamily Conference Pacific Northwest Will Be Easier Than Ever With BisnowMatch
After a warm reception at Bisnow's Baltimore State of the Market, networking platform BisnowMatch will roll out across 22 different Bisnow events this spring and summer, from morning to full-day programs. The service, which allows attendees to set up meetings…
Read Full Story
|
|
|
|
|
