It’s a Great Time to Rent (Office Space)

A great article in today’s Seattle Times by Eric Pryne gives a nice review of 2009 in commercial real estate around Seattle. In 2007, developers excavated a deep hole in downtown Seattle at Second Avenue and Pine Street for the foundation of a 23-story luxury hotel and condo tower. They filled the hole in 2009. […]

Washington is #1… For Troubled Banks

With the news in September that Seattle is #1 for delinquent construction loans, it probably comes as not much of a surprise that Washington State also happens to rank #1 in the nation for troubled banks, according to Calculated Risk’s unofficial problem bank list. State Percent Washington 26.3% Utah 25.0% Arizona 21.3% Nevada 20.0% Oregon […]

KUOW Seeking Stories from Commercial Real Estate Investors

I received the following request from a KUOW reporter that I thought was worth forwarding on to the general reading audience: Another of our reporters is working on a story on commercial real estate investment. I recognize that your blog follows residential real estate more closely, but I know many of the people reading it […]

Seattle is #1… In Delinquent Construction Loans

I posted about this earlier this week on the official Seattle Bubble Twitter account, but I thought it would be worth a post of its own. Via The New York Times: Construction Loans Falter, a Bad Omen for Banks Even as the economy may be starting to recover, banks across the country are confronting a […]

Major Local Commercial Real Estate Developer Struggling

Speaking of developers having financial trouble, the Puget Sound Business Journal has a story up today about a major local commercial developer on the rocks: Developer Mike Mastro’s troubles mount. A longtime, prominent Seattle developer is facing a mounting string of legal actions as he struggles to pay off millions of dollars in loans at […]

Two Recent KUOW Pieces of Note

Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market. Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A […]

Weekend Roundup: Fence-Sitters, Incentives, Office Vacancies

Here are some stories from the last few days that didn’t make the cut for their own posts. Aubrey Cohen, Seattle P-I: Home buyers getting off the fence “There’s still a lot of people who have jobs and a lot of people who’ve moved into the market area and have been sitting, waiting to have […]