Seattle Construction And Development: Demand Still Strong, But Developers Squeezed By Costs
At this point in the Seattle real estate cycle, the positives are still strong, according to the speakers at our Seattle Construction and Development event, such as high demand for office and residential space. But the negatives are strong as well, such as rising construction costs and public infrastructure that is not keeping up.
The speakers on the downtown innovations panel were largely in agreement that the single biggest challenge facing development in Seattle is construction costs, which have been rising faster than rents for a number of years. The market needs more housing, and…
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San Diego Investor Snaps Up Another Federal Way Apartment For $25M
Pathfinder Partners acquired The Argyle, a 160-unit multifamily community at 2517 South 316th Lane in Federal Way, for $25M. Pathfinder is a San Diego-based firm specializing in opportunistic and value-add plays. The project was bought from an undisclosed seller, which had…
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7 Of The Most Eco-Conscious U.S. Cities
Cities around the country are pushing for tougher sustainability standards and building more renewable energy infrastructure. A recent analysis by SaveOnEnergy ranked 200 U.S. cities based on their efforts to become eco-conscious cities. The organization analyzed each city's carbon footprint, walkability, bikability, and the number of recycling centers, electric vehicle charging stations, organic grocers and farmers markets, among other factors.
Click here to see how the top seven ranked. |
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How Amenities Are Shaping Apartments On The West Coast
California has the highest number of renters of any state, with 6.5 million residents living in apartments as of 2015, according to the National Multifamily Housing Council. Apartments represent 42% of housing in Los Angeles and 41% in San Francisco,…
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CRE Pricing Reverts To Post-Election Slump: Here Are How The 5 Sectors Fared In May
Nationwide commercial pricing dropped 0.1% in May, a return to the slump the market has experienced since the election.
Valuations rose in April, the only month since the election of President Donald Trump that commercial pricing improved in all five property sectors, according to Ten-X's monthly pricing index — which combines Google Trends data, proprietary transaction data and investor surveys to determine commercial real estate pricing trends in real time.
“The broader tide of uncertainty is just sort of having an impact on all these numbers,” Ten-X Chief Economist Peter Muoio said. “It is sort of disappointing. The data is the data, but it does suggest that we're not out of the woods.”
Read full story here. |
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