Historic Building Preservation A
'Balancing Act' That Can Pay Off
Seattle's skyline is constantly evolving — each year buildings become more interesting, efficient and modern. All these sparkling new structures with glass facades and the newest technology fit right in with the city's high-tech reputation. But, thanks to developers like Peter Nitze, there are still plenty of reminders of the city's industrial past.
Nitze is CEO of the integrated real estate investment and management firm Nitze-Stagen. Its portfolio contains early 1900s structures including the Starbucks Building, Union Station Parking, The Ainsworth & Dunn Warehouse on Pier 70 and Merrill Place in Pioneer Square.
Nitze,…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
More On Construction And Development
|
|
|
|
|
|
|
As Demand Rises, Healthcare Systems, REITs Focus On Behavioral Health Facilities
When James Corbett was growing up in Queens, New York, he saw a lot of people who were untreated for mental illness. He has devoted much of his career toward finding better ways to treat mental illness and increasing access to care.
“I feel like we're losing people,” he said. “The common test of morality of a society is its treatment of its poor and vulnerable.”
More than 60% of adults with mental illness didn't receive treatment in the previous year, but a shifting healthcare landscape is creating more funding and opportunities to provide care.
Read the full story here. |
Kent Valley Commercial Buildings Sell For $14.5M
LBA Realty recently purchased a two-building portfolio in the Kent Valley, Andover Park East in Tukwila and Allied Building in South Kent, for $14.5M.
Andover Park East, built in 1974, is a 72,882 SF structure on 2 acres near Southcenter…
Read Full Story
|
|
|
Three Properties Sell On Eastside/North End
Colliers International Bellevue recently completed the sale of three commercial properties on the Eastside and North End.
KOF Enterprises purchased Kirkland 405 Corporate Center's Building A for $14.8M. The building was 97% leased at the time of sale. Colliers' Derek Heed and Gregg…
Read Full Story
|
|
|
Schwartz Joins CBRE As SVP
Steve Schwartz recently joined CBRE as senior vice president in the downtown Seattle office. Schwartz specializes in tenant representation throughout the greater Puget Sound region as a member of the organization's Occupier Group.
Schwartz's experience includes more than 20 years in…
Read Full Story
|
|
|
Bullish Investors Send Commercial Brokerage Stocks Soaring As Cushman Contemplates IPO
A jump in stock values this past year for the big five publicly traded commercial real estate brokerages suggests now may be an ideal time for private companies of equal scale to enter the public market.
In the year ending March 31, Jones Lang LaSalle shares advanced 56% to $174.64, Colliers International's stock price jumped 47% to $36.06, and Marcus & Millichap and CBRE Group's stock increased 47% and 35%, respectively. Newmark Group stock leapt 8% after only one quarter on the market — it debuted on the Nasdaq Dec. 15.
Analysts attribute bullish investors' appetite for commercial brokerage stocks to the overall bump in equity markets this past year, the search for stocks benefiting from tax reform and the global expansion of these firms' underlying businesses beyond traditional brokerage.
Read the full story here. |
|
|
How The Bidding War For LaSalle Hotel Properties Will Play Out
LaSalle Hotel Properties has been a publicly traded REIT for 20 years, but interest in acquiring the Bethesda, Maryland-based company has surged over the last month, with competing REITs and deep-pocketed investors looking at acquiring its 41-hotel portfolio. Bisnow talked to analysts who closely follow LaSalle about why it is attracting so much attention now and how they foresee the competition playing out.
Read the full story here. |
|
|
|
|
