Seattle Region On Track To Deliver 100,000 Apartments By The End Of The Decade
Seattle and the Puget Sound region may experience the development of as many as 100,000 new apartments unit during the market expansion spanning 2010 through 2020, according to Colliers International data, based on the current pipeline.
Such an increase in apartment inventory rivals the building boom that occurred 1985 through 1993, said Colliers International senior vice president Dylan Simon, when over 80,000 apartment units were built in the region.
However, the current expansion cycle is not quite…
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Pacific Urban Residential Snaps Up Renton Apartments For $67M
Pacific Urban Residential acquired the 357-unit Wasatch Hills apartments from Utah-based Wasatch Group for more than $67M. The property, near Downtown Renton, was developed in 1985 and bought by Wasatch in 2006 for around $42M. By local standards, it has…
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Monday Properties Hires Former Lehman Brothers Exec To Lead West Coast Expansion
Fresh off its big Nestlé win, Monday Properties is expanding to the West Coast, its first new regional office in more than a decade.
The New York City-based developer, with its entire existing office portfolio concentrated in Rosslyn, Va., has hired…
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Redmond Senior Housing Site On The Block
Pier 67 Capital Partners has put more than four acres in Redmond, know as the Avondale Senior Housing Development Site, up for sale. On Education Hill at 10431 Avondale Road NE, the property is the only senior housing development site…
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Trump's First 30 Days: What He Proposed, What He's Accomplished And How It All Impacts CRE
Even before he was sworn into office, President Donald Trump's plans to expand the economy by increasing job growth in a tight labor market, cutting corporate taxes, pulling back on financial regulations and raising infrastructure spending had garnered support from the business community.
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Project REAP Taking Steps To Build Diversity In CRE Nationwide
It was six years ago that Shmel Graham first had the opportunity to learn about her passion: commercial real estate. A lawyer by training with degrees from the University of Michigan and Indiana University in Indianapolis, Graham had always been fascinated by the built environment in her home city of Los Angeles, but had no contacts in the industry.
"I couldn't figure out where those jobs were," Graham said.
After doing internet research, she tried submitting applications to developers, but would never get a response. Finally, after finding out about the Real Estate Associate Program, or Project REAP, through an email listserv run by the board chair of L.A.'s Project REAP, Starlett Quarles, Graham applied.
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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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