Seattle: Now A Global City, But With Plenty
Of Challenges Ahead
Seattle has evolved into one of the country's major growth markets, but now the city has to deal with the various headaches of success, according to the speakers at our Seattle Forecast event. The most salient challenges involve continuing to attract talent to the city, and keeping the city affordable to lower- and middle-income residents.
Pine Street Group principal Matt Griffin kicked off the event, talking about Seattle in the next 20 years, rather than a short-term outlook. He asked attendees to remember what 6th and Pine was like in 1994: boarded up. Now it…
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Retail Investment Is All About Adding Value To A Revamped Shopping Experience
Retail throughout the country is going through growing pains. Redevelopment is turning old, tired malls into retail destinations. Two West Coast investors are finding ways to bring customers back to malls and shopping centers by reinventing the shopping experience.
Pacific Retail Capital Partners focuses on value-add core plus space and prefers opportunities that lack active management, but the retail property has a clear reason to exist, according to Pacific Retail Capital Partners managing partner Steve Plenge. The firm, which…
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Sears Catalog Warehouses Becoming Innovation Centers
A series of 1M+ SF Sears warehouses have sat empty across the country since the company restructured in the late '80s. But now many are finding new lives as mixed-use hubs thanks to grass-roots revitalization campaigns winning out over cries for demolition.
When the 1.5M SF Crosstown Concourse in Memphis has its grand opening on May 13, it will be the latest case nationwide of adaptive reuse for a derelict Sears building. The $200M Memphis project began with a conversation in 2010 between developers and business leaders about what to do with the limestone building that had been abandoned since 1993.
While cities flirted with demolition and development proposals, the large scale of each Sears building made funding highly difficult to obtain.
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Kaiser Foundation Health Plan Leaving South Lake Union Building
Kaiser Foundation Health Plan, formerly Group Health Cooperative (Kaiser's $1.8B acquisition of Group Health was finalized recently), is planning to leave the Westlake Terry building by the end of this summer, the Puget Sound Business Journal reports. The company's lease…
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West Coast
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The Real Estate Behind The Richest Men And Women In The World Part 10: Carlos Slim Helú
Carlos Slim Helú was the richest man in the world from 2010 to 2013, and while he has fallen from No. 1, Slim is still worth $55.3B. From real estate to telecom, his business empire accounts for 40% of the listings on the Mexican Stock Exchange and his private wealth equals 6% of Mexico's gross domestic product.
Slim has numerous real estate investments, and we decided to zoom in on four major ones.
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The 7 Things You Need To Know About Real Estate's Most Exclusive Membership
Do you belong at Ascent?
Ascent is a curated membership that gathers the nation's top commercial real estate principals; building bonds through shared experience and provocative discussion.
It is an invite-only membership, focused on deal-making and relationship building. The goal is to connect and inspire the next generation of leaders in commercial real estate under the age of 45(ish). Ascent organizes a biannual East and West Coast 2.5-day gathering of 200 national players, and hosts 50+ local cocktails, dinners, and unique experiential events across the country that help connect our members to people in their local markets.
Read the full story and learn more about becoming a member here. |
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