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Seattle Opera Progresses on New Space at Seattle Center
The Seattle Opera hit a major milestone today in its construction of a new administrative and workshop space in Seattle Center, placing the final steel beam atop the building’s structure. The beam was signed by more than 250 opera donors, patrons and employees and accompanied by music and a prop horse from the Wagner opera […]
Posted in Theaters, Tourist Attractions
New Projects in the Works for Port of Seattle, Sea-Tac Airport
Due to economic expansion in the region, the Port of Seattle has many plans in the works for both the seaport itself and Sea-Tac Airport, which the Port of Seattle owns and operates. In the immediate future the airport is adding a waiting area for passengers boarding plains from the ground. Over the next few […]
Posted in Property Development
Facebook’s Oculus Set to Expand in Seattle Region
Facebook-owned VR company Oculus appears to be significantly expanding its operations in the Seattle region. According to recent job postings, the company expects to hire more than 100 positions at its Redmond offices, about as many open positions as the company currently has posted for the rest of its offices combined, including at its Menlo […]
Posted in Office Buildings, Uncategorized
Yakima Speedway To Be Sold For Mixed-Use Development
After almost 60 years in operation, the Yakima Speedway and Ice Rink will be sold to make room for a new mixed-use development project. The proposed plan, currently known as Sun Square Yakima, includes a hotel, office space and retail area. The current ice rink will be replaced with a NHL-sized ice arena. Ted Pollock, […]
Posted in Mixed Use Development, Uncategorized
City Council Member Proposes Tenant Relocation Ordinance
Last week, Seattle city council member Kshama Sawant announced proposed legislation that would force landlords to have to pay for tenant relocation after a pronounced rent increase. The city currently requires 30 days notification for a rent increase, or 60 days notification if the increase amounts to more than 10 percent in an annual period. Since […]
City Sues Over Illegal Duck Island Skate Park
Located in Seattle’s Green Lake Park, Duck Island is an important habitat for local birdlife. Though it lost its status as a nature reserve in 1983, the island is still technically off-limits to humans. In the past, this ordinance has occasionally been violated by late-night partiers. This summer, however, Seattle skateshop 35 North violated the […]
Posted in Parks
Rising Sea Levels Could Mean Trouble for Seattle-area Homes
A recent Zillow analysis indicates that due to projected sea level rise, nearly 1600 homes (about 0.85) in the city of Seattle will be flooded by the end of the century. The hardest hit area is likely to be West Seattle, which will loose nearly all of its waterfront. The Magnuson Park and Eastlake neighborhoods […]
Posted in Mixed Use Development, Regional, Residential Property, Seattle
Blackstone’s Head of Real Estate Talks Tech
In a recent interview, Jon Gray, the head of real estate for private equity giant Blackstone, spoke about the role technology is playing in the commercial real estate world. Gray stated that despite expectations, technology actually plays a major role in how capital is deployed. One major shift Gray identified was the rise in online […]
Posted in Uncategorized
Uptown Rezoned by City Council for MHA, Cultural Use
The Seattle City council has passed a bill that will allow the Uptown neighborhood, alternatively called Lower Queen Anne, to be rezoned for mandatory housing affordability. The bill features a trade-off in building height for housing affordability. Most of the height increases are modest, though they will more than double in a few select areas […]
Posted in Commercial Real Estate, Mixed Use Development
Seattle Construction Firms Using Technology to Make Labor More Efficient
Seattle is no doubt in the middle of a construction boom. This means that while thousands of local construction jobs have become available, many go unfulfilled. It should be now surprise then that in a city as tech saturated as Seattle, construction companies are turning to mobile apps and cloud-based software to make better use […]
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