Technology Unites Cities Of The Future
Holograms. Virtual reality. Free high-speed WiFi everywhere?
Welcome to the future.
Technology has been blamed for disconnecting people, but that will soon change, panelists said at Bisnow's recent Building Cities of the Future: Seattle event at the Four Seasons Hotel Seattle.
As technology comes full circle, it will be used to bring people together, said Eric Kamont, who works in Microsoft's HoloLens Strategic Partnerships.
Technology, as we know it today, means people are hunched over their phones, incapable of carrying on…
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Chinese Investors Still Prefer Real Estate In These Popular U.S. Metros
New York, San Francisco and Los Angeles made up 72% of deal volume from Chinese investors in 2017, according to Cushman & Wakefield Senior Managing Director, China Direct Investment Xinyi McKinny. Chinese investors have historical ties to these cities and…
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Badger Mountain Ranch Changes Hands
Starboard Realty Advisors of Irvine, California, recently purchased Badger Mountain Ranch in Richland.
Built in 2013, the multifamily apartment complex includes one-, two- and three-bedroom units with nine-foot ceilings, outdoor decks and patios, and modern kitchens.
The property has had…
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Blackriver Corporate Park Changes Hands
Laird Norton Properties recently purchased the 237K SF Blackriver Corporate Park in Renton. The office park is 11 single-story and two two-story buildings.
The campus is an eight-minute drive from Southcenter Mall. Capital improvements total $5M and include roof replacements,…
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West Ridge Park Apartments Changes Hands
West Ridge Park Apartments in West Seattle's Delridge neighborhood was recently purchased by RISE Properties Trust and Boston-based Intercontinental Real Estate Corp.
With this most recent purchase, RISE, a Canadian-based REIT, now owns 11 assets in the Puget Sound.
“Low…
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Shifting Strategies: Office Investors Turn To Suburban Assets In Search Of Higher Yields
As investors pursue stronger yields in this mature cycle, high central business district prices and flat cap rates are making suburban markets increasingly attractive.
While overall office investment activity slowed last year compared to 2016, suburban assets were in high demand in 2017, with suburban office sales accounting for 63% of the total $131.9B transacted last year. Total office sales were down 8% year to year, Colliers reports, as was the sale of CBD assets, which fell 21% to $48.8B.
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Brookfield Chairman Ric Clark On The GGP Takeover And The Future Of American Malls
The news last week that Brookfield Property Partners would acquire mall owner GGP for $9.25B in cash caused a plunge in mall REIT share prices, widespread outcry from analysts and speculation the “lowball" offer could spark a bidding war.
Brookfield Property Partners Chairman Ric Clark discussed the deal with Bisnow from his New York City office days after it was announced.
“Some of the headlines were worse than they ought to be,” Clark said. “[GGP shareholders] are going to get a lot of cash in a price well in excess of where the shares were trading the day before our offer was announced.”
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These 5 Schools Saw The Biggest Hikes In Student Housing Rents
Along with booming student populations, some universities have also seen a boom in student housing rents.
More than 20.6 million students will be enrolled in U.S. public and private universities this year, according to Statista. That number is not going down anytime soon, either. By 2026, Statista estimates more than 22 million students will be hitting the books across the country.
With that has come a boost in student housing rents, with average rental rates growing between 2% and 3% annually since 2015, according to a recent REIS study.
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Bisnow's 5 Tips For More Effective CRE Marketing
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In the last 10 years, Bisnow has grown from a single e-newsletter sent to one person's personal email address book to the largest CRE media outlet in North America, Canada and the U.K. To build its subscriber base, Bisnow adopted…
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