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Real Estate Bisnow
January 8, 2013 
All About 2013

Strolling and polling for 2013 predictions at our Transit-Oriented Development Summit at the Renaissance, two things were clear: Nobody thought much of this fiscal cliff nonsense, and nobody thought the Seahawks were headed to the Super Bowl. (CRE pros are right about half the time.) A few 2013 predictions:
New CREW President Jennifer Reyes and Colliers International's Dylan Simon at the Renaissance Seattle.
MORE AMAZON EFFECT. Here's Colliers International's Dylan Simon with incoming CREW president Jennifer Reyes, VP for national biz dev at Stewart Title Guaranty. Talking multifamily, Dylan notes that the price of a two-bedroom apartment in San Francisco was running about $2,700 to $1,700 here in Seattle. And according to apartment gurus Dupre + Scott, 89% of planned new development in 2013-2015 is in-city, a number that has generally hovered around 60% in previous years. Out with the old: Jennifer says the "huge campus mentality" of big corporations is going away. "They don't want isolation," she says, "They want collaboration." (Up in his Fortress of Solitude, Superman is rethinking his floorplan.)
First American's Paul Keely at the Renaissance Seattle.
COSTCO IN SOUTH LAKE UNION. This prediction comes courtesy of First American's Paul Keely, who points out that SLU seems to have everything else. Following in the footsteps of Target, which has started to urbanize, Costco seems like the next really big thing. Meanwhile, we got some past/present perspective from Vulcan's Lori Mason Curran, reminding us that Seattle's hottest neighborhood wasn't always so shiny. "Ten years ago, we were hiring people to walk down the street so we could take pictures," she said.
Piper Roelana of Landau Associates and Kent McLaren at the Renaissance Seattle.
A CHAMPIONSHIP FOR SEATTLE (IN A SPORT OTHER THAN LATTE FOAM ART.) We had a really, really hard time getting anyone to predict a Super Bowl run for the 'Hawks (Cairncross & Hempelmann's Sandip Soli was the only person who said it with any confidence), but Piper Roelan of Landau Associates, snapped here with BCRA's Kent McLaren, predicts this is the year the Sounders will take the MLS Cup.
Wallace Properties's Brandon Burrowes and Paladino's Murray Greenwood at the Seattle Renaissance.
UP, UP, UP. Paladino and Co.'s Murray Greenwood, snapped here with Brandon Burrowes of Wallace Properties, sees 2013 as a year of continued growth and improvement. "A year ago everybody was still concerned, but this year there's a lot more confidence," Murray tells us. Brandon predicts it's going to be a good year for office. What about multifamily? "It'll be interesting to see what happens," he says.
Rushford Construction's Doug Orth, DCI Engineers owner Guy Conversano and Dan Seng at the Renaissance Seattle.
MULTIFAMILY GETS HIGH(ER). ApartmentRentals.com's two-year forecast shows 26,123 units expected to be delivered in the Seattle area in 2013-2014. That's more than Austin (25,146), Houston (23,404) and Chicago (23,474). Doug Orth of Rushforth Construction, with DCI Engingeers owner Guy Conversano and Dan Seng, forecasts that the rental housing bubble will improve much. His take on the Seahawks in the Super Bowl? "Let's settle for Russell Wilson winning Rookie of the Year."
The Smith Groups Bob Tindall and Cary Adams of The Adams Group at the Seattle Renaissance.
SNOW. Why not, says The Smith Group's Bob Tindall. (Seems like a safe bet to us, especially as he didn't specify where or when.) 2013 is a year of new beginnings for Bob (pictured here with Cary Adams), who just began with the Smith Group after 30-odd years at Callison. Cary says he expects 2013 to be "more of the same" development-wise, with a lot of demand for sites.
Sorry, RGIII. Better luck next year. Blythe.lawrence@bisnow.com.
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