Author: Mike Meisenbach
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 […]
With Demand Growing & Vacancies Shrinking, Puget Sound Office Rents Rise
Colliers International statistics are showing that Puget Sound office rental rates continue to rise into the fourth quarter of 2014, as tenant demand grows and vacancy rate drops. Check out their chart showing the change across time from 2006 through 2014:
Puget Sound Industrial Vacancy Rates Keep Declining, Helping Raise Rental Rates
Colliers International has reported that the vacancy rates for industrial properties in the Seattle region continued declining into the fourth quarter of 2014, which is influencing rental rates to rise along with real estate prices as demand increases. Check out the chart of economic drivers in Q4:
Tasty Commercial Real Estate Gingerbread “Houses”
People have long been fascinated by miniature replicas of buildings – both building them and looking at them. You can find miniature buildings made out of almost every material from pewter to cardboard to Legos, of course. This time of year, the material of choice is gingerbread. Gingerbread houses seem to have originated in Germany […]
Did the Denver Real Estate Market Live up to Expectations?
In January 2014, Denver ranked #11 in Markets to Watch in the annual Emerging Trends in Real Estate report from PricewaterhouseCoopers LLP and Urban Land Institute. At that time, the outlook for investment, development, and homebuilding was good. How will 2014 end for this residential and commercial real estate market? Asking prices for multifamily, office, […]
Seattle Parks – A Source Of Commercial Real Estate Value
A city’s parks are one of the top urban elements that can convey a tremendous lasting value upon real estate in the surrounding area — both residential as well as commercial real estate. The American Planning Association states that parks “…enhance property values, increase municipal revenue, bring in homebuyers and workers, and attract retirees.” They […]
Key Indicators of Commercial Real Estate Health in Seattle
Seattle has long been a tourist destination for several reasons: seven major cruise lines made almost 200 port calls in 2014; more than 10 million visitors watch “flying fish” and/or sip a latte at the first Starbucks at Pike Place Market every year; about a million people a year delight in the views from the […]
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