RealEstateRama Property, Rentals, Transactions
Calmwater Capital, a leading national direct real estate lender, has provided $7.6 million in senior debt to Nelson Brothers Professional Real Estate, LLC to acquire and upgrade a student housing complex near Washington State University. The 184-bed property, known as College Crest Apartments, is located at 1555 NE Merman Drive in Pullman, Washington.
“What Consumers Really Want Will Shock You – Hint: It’s about them, not you!” is the provocative title of the session that Seattle real estate marketing expert Noelle Bortfeld, Chief Marketing Officer at Windermere Real Estate, will headline at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.
Property tax statements for the first half of 2017 are in the mail, Clark County Treasurer Doug Lasher announced Monday. Property tax statements include property tax levy amounts, special assessments and certain fees. The Treasurer’s Office sent 67,000 paper statements, 78,000 postcards to taxpayers whose mortgage companies pay their taxes, and 6,000 e-statements to people who registered to receive tax bills online
International award-winning firm KTGY Architecture + Planning recently hosted an invite-only event for John Burns Real Estate Consulting (JBREC) Principal Mollie Carmichael and Senior Vice President Dan Fulton. Carmichael and Fulton presented findings from JBREC's survey of over 21,000 home shoppers nationally, and JBREC's housing market outlook for the Washington, DC region and beyond. Rohit Anand, AIA, managing principal of KTGY’s East Coast office, offered his comments as well.
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
Thanks to a financing partnership between the Washington State Housing Finance Commission and Habitat for Humanity of Washington State, the Tacoma-Pierce County Habitat affiliate will build seven new homes in Lakewood’s Tillicum area, as well as complete an ongoing community.
Global real estate investment and services company Kennedy Wilson has named Cathy Leap as senior managing director of property services for the Pacific Northwest region. Leap, who brings more than 20 years of property management and commercial real estate experience to the position, has relocated to the firm’s Seattle office.
Council's Housing Affordability, Human Services and Economic Resiliency Committee will consider a resolution on state prohibition of rent control tomorrow, which is co-sponsored by Councilmembers Kshama Sawant and Nick Licata. The resolution urges state legislators to change the Washington State law restricting local governments from instituting rent control or regulating rents. If the state ban were lifted, Seattle would have the option to pursue rent regulation legislation locally.
Bellevue residents and businesses have done their part in helping the region cut water use by 14 percent over the last four weeks -- exceeding requests by water providers to cut use by 10 percent.
The City of Seattle received payment of the judgments, interest and penalties in excess of $3.48 million related to code violations on rental properties owned by Hugh and Martha Sisley in the Roosevelt neighborhood
This morning representatives from the U.S. Department of Housing and Urban Development (HUD), City of Seattle, and Seattle Housing Authority announced the local impacts of the ConnectHome initiative pilot, a 28 jurisdiction pilot that was announced yesterday.
As Washington residents remember the state’s largest wildfire in history - the Carlton Complex Fire that began a year ago today burning 350,000 acres and destroying 300 homes - the Property Casualty Insurers Association of America (PCI) is urging residents throughout Chelan, Douglas, Grant, Kittitas and Okanogan counties to take a wildfire reality check and be sure their homes and finances are prepared for wildfire threats in 2015.
Property will offer park space adjacent to the new Greenwood Library. Today Mayor Ed Murray announced the acquisition of property at 8118 Greenwood Ave. N. for a new park in the Greenwood-Phinney neighborhood. The deal closed on July 1, 2015.
RainWise, a joint program of Seattle and King County, is a popular and beautiful way to fight water pollution. The average rebate for the installation of an approved rain garden or cistern is $4,500. Collectively, more than 600 RainWise projects are reducing 9 million gallons of runoff annually. These functional systems also add curbside appeal to homes.
Real Trends just published their ninth annual ‘The Thousand’ list in The Wall Street Journal to honor the top 1,000 real estate sales professionals and teams in the United States. Only agents who have a closed sales volume that ranked in the top one half of one percent of more than one million REALTORS® nationwide make the cut. Over 260 members of the Who’s Who in Luxury Real Estatenetwork made the list this year – that is a 60 percent increase over last year’s numbers.
Three upcoming events offer opportunities to enjoy river-based conservation properties and celebrate Legacy Lands’ 30th anniversary in Clark County. Anniversary activities for July include a volunteer effort and tours.
Today, Congresswoman Suzan DelBene (WA-01) led the congressional delegation representing Washington’s King County in urging the Department of Housing and Urban Development (HUD) to fix the inflation formula used in the Housing Choice Voucher (HCV) program, which provides rental assistance to low-income households. The current formula has been particularly damaging in areas with rapidly escalating rental costs, such as the Puget Sound region.
The council adopted a multifamily tax exemption ordinance to encourage developers to include affordable rental units in their projects, and they approved a comprehensive plan amendment to help St. Luke's Lutheran Church build affordable apartments on its property.
Those trends are reflected in annual Notice of Value statements set for mailing this week. The notices report market values as of Jan. 1, 2015, as required by state law. Values for 2015 will be one factor in calculating property taxes for 2016
Experts are predicting an early start to the grass and forest fire season. Meanwhile, Clark County Fire Marshal Jon Dunaway is urging homeowners to take simple steps to prevent injuries and damage.