Monthly Archives: September 2018
Key Arena Redevelopment Moves Forward After City Council Vote
At Monday’s meeting, the Seattle City Council voted 8-0 to approve city agreements that will allow redevelopment of Key Arena to move forward. Demolition can begin on the arena after an NHL franchise is secured, which might occur later this year. The $700 million plan involves digging below the surface to expand the arena without […]
Posted in Tourist Attractions
Renton Warehouse Sale Indicative of Growing Value of Industrial Buildings
A warehouse site located on 3002 Lind Ave in Renton, WA was recently purchased by LBA Realty LLC for an impressive $11.3 million. The site, previously owned by Lind Ave LLC, had drawn attention from investors from far and wide. The sale is indicative of the trending value both in storage space nationwide and industrial space […]
Posted in Commercial Property Investments
Downtown Seattle Construction on Rise After Winter Dip
According to a recent report from the Downtown Seattle Association, the summer of 2018 saw a rise in number of Central Seattle construction projects, with 65 active developments compared to the 57 seen last winter. Though this number is above the historical average, it falls short of the peak construction seen in the summer of […]
Posted in Property Development, Seattle
Coworking Space to Triple Nationally within Next Decade
According to a recent report from Cushman & Wakefield, the amount of office space devoted to coworking facilities could triple over the next ten years. Currently, coworking space occupies a mere 1% of total office space nationwide, but this could rise to as high as 5% by 2028, and even 10% in some markets. New York […]
Posted in Commercial Real Estate
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