Seattle Sustainabilty:
Decades Of Effort Lie Ahead
Sustainability is a never-ending quest, but there are goalposts. For instance, can Seattle, known as one of the greenest cities in the country, achieve carbon neutrality by 2050, as mandated by the Seattle Climate Action Plan?
Probably so, but strong challenges remain to reaching that goal and other goals in efficient buildings, water usage and transit, according to the speakers at our recent Seattle Sustainability event.
Touchstone president A-P Hurd kicked off the event, saying U.S. major metros are now the focus of economic activity, job creation and innovation — including sustainability (the areas in green on her chart).
Growth markets, which tend to be cities, tend…
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5 Healthcare CRE Trends To Watch In 2017
Despite uncertainty over the future of healthcare reform, demand for healthcare services will rise within the next few decades. Aging Baby Boomers are demanding more care and will make up one out of every five people by 2050. Since 1993, outpatient visits nearly doubled, according to a report from JLL. Check out five trends affecting healthcare real estate this year.
1) More Small Scale Hospitals
Much like the rapid expansion of urgent care and retail clinics, micro-hospitals are arising in metro settings to provide additional healthcare options. These facilities are basically full-service hospitals on a small scale and provide emergency care, inpatient care, some surgical procedures and…
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Millennials Move More In Seattle Than Anywhere
Among the 50 largest cities in the country, Seattle has the highest percentage of Millennial movers, according to the Census Bureau. Namely, about 36% of the city's 25- to 34-year-olds — more than one-third — changed homes within the past…
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Seattle Getting Massive Commercial Dry Dock From South Korea
Vigor Industrial has acquired what the company says will be the largest commercial dry dock in the Puget Sound area for about $20M, and plans to tow it to Seattle from South Korea this fall. A dry dock pumps out the water…
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6 Of The Largest CMBS Issuances In March
Challenges within the retail industry and the slowdown in the office sector are taking a toll on the CMBS market, which has many experts worried as $61B in CMBS debt is set to mature within the next six months.
CMBS loan issuance was down 34% in the first quarter, spurred by new risk retention rules that took effect in December. The new rules aim to tighten commercial lending standards.
In March, roughly $6.26B in CMBS loans were issued, with office and retail properties anchoring the most debt.
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