The Federal Reserve Bank of San Francisco, whose bid to sell its old downtown Seattle building to developers was stymied two years ago by historic-preservation advocates, is turning it over to the GSA for sale or other use. The Federal … Continue reading
Hansen buys rest of Sodo property needed for sports arena
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Chris Hansen, the hedge-fund manager who wants to bring a basketball and hockey arena to Sodo, says he has locked up the remaining property needed for the arena, and the sales should start closing this week. Chris Hansen, the hedge-fund … Continue reading
How Affordable Is America’s Affordable Housing?
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The trouble with money these days is that it often moves faster than there are right ways to spend it. That said, we see a big risk for a capital-challenged majority of multifamily industry players in the community’s completely obsessive focus … Continue reading
Rent vs. own: A rhetorical reality check
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Author Jane Hodges offers advice about what to think when you hear from well-meaning friends as you make the call about where and how you are going to live. Deciding whether to rent or buy is challenging for many Americans … Continue reading
Fed Blesses Banks’ Foreclosure-Rental Approach
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The Federal Reserve set out new polices for banks that decide to rent out foreclosed homes, endorsing a strategy for managing the huge number of distressed properties that have piled up during the housing bust. The central bank said in … Continue reading
U.S. home market pulls in more Chinese buyers
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China’s great wall of cash is pouring into the struggling U.S. property market, from multi-million-dollar mansions on the West Coast to venerable hotels on the East Coast. Buyers from mainland China and Hong Kong are snapping up luxury homes, often paying cash, in major U.S. cities such … Continue reading
China’s Biggest Commercial Real Estate Boom in 6000 Years Shaping Up in Guangzhou
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China’s Biggest Commercial Real Estate Boom in 6000 Years Shaping Up in Guangzhou Most North Americans will stumble over the pronunciation, but Guangzhou, the third largest city in China, will be in the headlines regularly before the year is out. … Continue reading
Touchstone plans Denny Triangle hotel/office project
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Seattle developer Touchstone has filed preliminary paperwork with city planners for a 13-story office and hotel complex in the Denny Triangle, a few blocks from Amazon.com’s proposed three-block highrise office complex. Seattle developer Touchstone has filed preliminary paperwork with city … Continue reading
Home prices fell in January in most US cities
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WASHINGTON (AP) – Home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices. The Standard & Poor’s/Case-Shiller home-price index released Tuesday showed that prices dropped in … Continue reading
Apartment rents likely to keep rising through 2012
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Renters are paying more as vacancies shrink, but next year could reverse the trend, real-estate analysts say. Apartment rents are rising in King and Snohomish counties and should keep inching up for the rest of the year, two leading research … Continue reading