Property Development
Caydon Submits Design for First Hill Condo Project
Last July, Trinity Parish announced plans for a high-rise condo project on the grounds of First Hill Episcopal Church, located on Eight Avenue and Cherry Street. An Australian developer known as Caydon has now submitted a design as well as released more details on how the property will be transformed. The historic church itself will […]
Posted in Mixed Use Development, Property Development
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
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 […]
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 […]
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 […]
“Alternate” Investments Show Potential
Investing in real estate, whether residential or commercial, has always been attractive for Real Estate Investment Trusts (REIT), which have outperformed other investment groups in the last few years. While many of the investment properties are traditional office, retail, residential and industrial, a growing subset is gaining attention: “specialty” spaces that include self-storage and data […]
Why Buildings Sit Empty, but Construction Continues
If you drive through almost any city in America, you are sure to see empty strip centers and vacant office spaces. Drive a little further and you’ll see a new office building going up. Why build new when there is existing space available? During the commercial real estate boom that swept across most of the […]
Chinese Real Estate Developers Look Outward at ‘Gateway Cities’
After two major acquisitions in Los Angeles by Chinese real estate investors, the LA Times reports that major Chinese developers will continue to look at gateway cities like Los Angeles to get a foothold in the United states. With investment options slowing down within China, developers are looking for “shovel ready” projects that will return […]
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