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South Seattle Community Prepares for Future Light Rail Expansion.
The Graham Street station in South Seattle is not expected to go online until 2031. But community organizers are already anticipating new development and evaluating the potential effects of gentrification in the area. In particular, SouthCore, a coalition of 24 organizations that was active in lobbying for the new station, is trying to start a […]
Beacon Hill Grocery Transforms into Arts Space
A 1929 building on 21st Avenue South and Stevens Street that began life as a corner grocery store has now been transformed into a multi-use space for the arts and community events. Married couple Janet Galore and Demi Raven bought the space two years ago while still dating. Though the building is no longer zoned for commercial […]
City Evacuates Unfinished Micro Apartments.
On Thursday, residents of the Cubix micro apartment complex on 95th St had to evacuate after a stop work order from the City of Seattle revealed that the building was never given a legal occupancy permit. Building inspectors stated that the 41-unit complex was never even inspected. The site included many hazardous unfinished areas such […]
South Lake Union Restaurateurs Struggle Despite Amazon Boom
When Amazon established a new headquarters in the previously rundown South Lake Union neighborhood earlier in the decade, many restaurateurs flocked to the downtown district to take advantage of the new crowds. Now, though, many of theses restaurants claim to be struggling. Though Amazon employees flock to eateries and bars for lunch and happy hour, […]
Posted in Commercial Real Estate, Mixed Use Development, Restaurants
Amazon set to lease forthcoming Rainier Square
Amazon already occupies nearly a fifth of Seattle office space. And according to commercial real estate watchers, that slice of the pie is about to get even bigger. The company is rumored to have a pending lease on the office portion forthcoming Rainier Square project, a 58-story structure set to open in 2019 next to […]
Posted in Commercial Real Estate, Office Buildings
Seattle Attorney’s Office Weighs in on Proposed Taxes on Foreign Buyers.
Taxing overseas buyers of vacant homes in order to cool the city’s housing market has been on the agenda for some Seattle politicians since British Columbia took similar measures in Vancouver last year. The issue is a key part of the platform of mayoral finalist Cary Moon. But the City Attorney’s Office recently declared both […]
Posted in Residential Property
Address of Bluth Model Home REVEALED: Arrested Development Real Estate Estimates
Many people would like to live in homes they see on TV, especially large, beautiful homes. The Bluth home in “Sudden Valley” is certainly big and beautiful, but as anyone who watches the show Arrested Development knows, things are not always as they seem. The Bluth model home is apparently “how not to build a […]
Contention Over A Los Angeles Convent Highlights Commercialized Religious Real Estate
Considering the Crusades and other religious wars, this one is relatively tame. A convent that formerly housed the Sisters of the Most Holy and Immaculate Heart of the Blessed Virgin Mary was put up for sale in Los Angeles. Developer Dana Hollister purchased the property from the nuns, with the intent to rezone it for […]
Michael Meisenbach on Tumblr
To follow me on Tumblr, which is where I post some links to news on significant Seattle real estate developments and some amount of commentary, go to: Michael Meisenbach. Michael Meisenbach, a Commercial Real Estate Executive in Seattle, WA Areas of Interest: Puget Sound, Bellevue, Tacoma, Redmond, Belltown, Seattle…
Posted in Commercial Real Estate Advisors, Seattle
Seattle Market In Top 30 For Commercial Real Estate Investment, According To Study
Jones Lang LaSalle is reporting that as real estate investment is reaching pre-Recession levels, 50% of it is concentrated in only 30 cities, worldwide. And, that impressive list includes Seattle, of course! They report that real estate investment is expected to continue on the upswing to about $1 trillion by the year 2020, driven by […]
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