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Investing

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Community Center in Tacoma,...

CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of Lincoln Plaza, an 80,922-square-foot community shopping center in the city of Tacoma, WA, leased to a complementary mix of retail, service and restaurant tenants including Big 5, Jared The Galleria Of Jewelry, Men’s Warehouse, Skechers, Starbucks, Wingstop, Sprint and others. The sale price was $26.7 million. The property was approximately 95% occupied at the time of sale

Sen. Murray Urges WA Communities to Apply for Transportation Grants

Sen. Patty Murray (D-WA) urged transportation agencies in Washington state to apply for recently announced Transportation Investment Generating Economic Recovery (TIGER) competitive grants. The grants available, totaling $500 million, are awarded on a competitive basis, and will support critical investments in roads and bridges, public transit, freight and passenger rail, and ports. TIGER is a unique, cost-effective program that helps state and local agencies tackle complex transportation and economic development challenges in their communities.

Murray Announces $45 Million for Affordable Housing

Mayor Ed Murray announced the City of Seattle's $45 million investment in affordable housing development through the Office of Housing's Rental Housing Program. Once completed, these 809 apartments will be home to low-income families, youth, seniors, and single adults, some of whom would otherwise be homeless

Drinking water wells in fire areas should be protected

Homeowners affected by wildfire are encouraged to inspect their drinking-water wells now to protect groundwater and their investment. Forest fires can melt aluminum and plastic well caps, leaving the well exposed to environmental hazards. Uncapped wells can fill with rocks, mud and debris rendering the well unusable.

Murray Applauds Airport Improvement Program Investments Across Washington State

U.S. Senator Patty Murray (D-WA), a senior member of the Senate Transportation, Housing and Urban Development Appropriations Subcommittee, applauded the Federal Aviation Administration’s announcement that seven airports across Washington state will receive over $3 million in federal grants via the Airport Improvement Program. The grants will be used to make critical improvements to the airports in order to support air traffic and to promote economic growth in rural areas

Larsen: Transportation Spending Bill Fails To Invest In Roads, Bridges, Rail Safety

Rep. Rick Larsen, WA-02, today announced he will not support a 2016 spending bill that severely underfunds transportation infrastructure. The FY2016 Transportation, Housing and Urban Development appropriations bill (H.R. 2577) fails to make needed investments in roads, bridges, highways and transit, hampering job creation and economic growth.

DelBene Statement on Cuts to Critical Investments in America’s Future

I voted against the T-HUD (lack of) funding bill because it slashes critical investments in our roads, rail and ports. It also hurts American families by cutting public housing programs that are critical for low-income families,” DelBene said.

State announces $1.6 million in public infrastructure project investments in Cowlitz, Okanogan, Skamania, and...

The Washington State Community Economic Revitalization Board (CERB) today approved $1,672,500 in grants and loans for infrastructure development and economic feasibility studies targeting business growth and job creation in the Port of Woodland, Town of Twisp, Port of Douglas County and the City of Lynden.

City of Seattle: City lays out roadmap for re-vamping homeless investments

Mayor Ed Murray released the Seattle Human Services Department’s (HSD) Homeless Investment Analysis. The Homeless Investment Analysis provides an in depth look at the City’s current and historical investments to prevent and end homelessness as well as make recommendations to move to a more effective system of homeless services.

Seattle City Council approves two new historic landmarks

Seattle City Council approved landmark designation ordinances for two city of Seattle landmarks. Located in Downtown and Yesler neighborhoods, these buildings showcase the rich cultural and architectural heritage of Seattle.

Community Economic Revitalization Board announces nearly $1.7 million in grants and loans

Public investments to fund infrastructure development and economic feasibility studies in Cowlitz, Douglas, Franklin, and Jefferson counties

City announces $27 Million in affordable housing investments

SEATTLE - December 17, 2013 - (RealEstateRama) -- Mayor Mike McGinn and Office of Housing Director Rick Hooper have announced over $27 million in affordable housing investments, funded primarily from the Seattle Housing Levy. The 2013 funding awards are provided to housing organizations in Seattle who will build or preserve 432 quality rental units that are rent-restricted for at least 50 years.

Instead of Rushing Home for August Recess, Congress Should Invest in Aging Bridges

WASHINGTON, D.C. - September 6, 2013 - (RealEstateRama) -- Rep. Rick Larsen, WA-02, today urged his colleagues to take up and pass the SAFE Bridges Act, a bill he introduced with Reps. Nick Rahall, W.Va-03, and Peter DeFazio, Ore.-04. The House of Representatives will recess Friday for five weeks without passing any legislation to invest in our transportation infrastructure.

Affordable apartment complex in works near Mill Creek

SEATTLE - June 18, 2013 - (RealEstateRama) -- Thanks to financing from the Washington State Housing Finance Commission, 228 affordable apartments will soon be built in unincorporated Snohomish County—including four- and five-bedroom units for large families

REALTY MOGUL CROWDFUNDS A REAL ESTATE PROPERTY IN EVERETT, WASHINGTON

LOS ANGELES, CA - April 3, 2013 - (RealEstateRama) -- Realty Mogul, an online platform that is doing crowdfunding for real estate has its first success story in Washington state. Real Property Funding Group, a real estate investment company in Settle, WA, raised $80,000 using Realty Mogul’s revolutionary platform for real estate fundraising. The money is being used to rehabilitate a single family home in Everett, WA.

Seattle releases report on South Lake Union evolution, public-private investment

SEATTLE, WA - July 9, 2012 - (RealEstateRama) -- Today Seattle Mayor Mike McGinn and Seattle City Councilmember Richard Conlin released a report Public &...

Calkain and Chandan Economics are Partnering to Create Net Lease Economic Report

Reston, VA - March 1, 2012 - (RealEstateRama) -- How does employment growth impact net lease activity? Or is that question even relevant to the space at all? If you were to substitute “office” for “net lease” in that sentence, the answers would be clear and immediate: “significantly” and “definitely yes”, for starters. Then would follow any number of calculations designed to show the relationship between this particular macroeconomic metric—employment—and office leasing activity.

Senator Murray’s Statement on Drop in Veterans Homelessness

Washington D.C. - December 14, 2011 - (RealEstateRama) -- Today, U.S. Senator Patty Murray, Chairman of the Senate Veterans’ Affairs Committee, issued the following statement after the Department of Veterans Affairs and the Department of Housing and Urban Development announced that their annual point-in-time survey of veterans homelessness showed an estimated 12% decrease in homeless veterans.

City awards $27 million to construct affordable permanent housing

SEATTLE, WA - November 14, 2011 - (RealEstateRama) -- Mayor Mike McGinn today announced more than $27 million in capital funding for the construction of seven new apartment buildings that will serve homeless individuals, low-income families and seniors. The investment, primarily Seattle Housing Levy funds, will help create 476 new permanent apartments, including some set-aside to serve veterans.

PCCP, LLC Provides $23.2 Million Senior Loan Commitment for Acquisition and Re-Development Financing of...

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and re‐development financing of 2055 L Street, NW, a Class B+ office condominium located in the “Golden Triangle” of Washington D.C.’s CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.

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KCHA spearheads successful effort to preserve nine subdized apartment complexes in...

WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- When a portfolio of nine privately owned Section 8-assisted housing complexes located in five counties scattered across Washington state was offered for sale last spring, the King County Housing Authority spearheaded a collaborative effort to purchase it. The housing authorities of Bremerton, Grays Harbor County, Yakima, and Chelan County and the City of Wenatchee participated in assuring the preservation of a total of 337 homes within the various communities.

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Seattle to Host ULI’s 2017 Spring Meeting, Set for May 2-4...

The Urban Land Institute (ULI), a global research and education institute dedicated to responsible land use and creating thriving, sustainable communities, will hold its 2017 Spring Meeting May 2-4 at the Washington State Convention Center in Seattle.