If You Build A Data Center Will Tenants Come?
April 9, 2018

If You Build A Data Center Will Tenants Come?

Don't miss CREW's event April 12: The Sodo Renaissance and how to get there, from Industrial to Live, Work, Play

If you build a data center, will they come?

That question is up for debate within the commercial real estate community.  

Location, cost of power, a highly skilled workforce and cool weather make the Seattle area, as well as the whole Cascadia region, a top pick when it comes to data storage. “The value-add for Oregon and Washington is hydroelectric power,”…

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Mayor Mulls Downtown Seattle Tolling System

Could congestion pricing become a reality in downtown Seattle? Mayor Jenny Durkan recently announced a plan to study whether imposing tolls on downtown Seattle drivers during peak commuting hours would ease traffic, according to the Seattle Times. Details are still…

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Russell Investments Center Owner Wins 2018 Energy Star Award

CommonWealth Partners LLC recently received the 2018 Energy Star Partner of the Year award from the U.S. Environmental Protection Agency. The award reflects the company's reduced energy use, building operating costs and carbon emissions from across its entire office portfolio,…

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LA-Based Gelt Inc. Steps Into Seattle Multifamily Market With 2-Property Purchase

Gelt Inc., a Los Angeles-based real estate investment firm, purchased a portfolio of two apartment complexes for $74M. The properties include The Row in Kent and The Union in Federal Way. The total acquisition includes 491 units. The Row has…

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Turns Out, Walking To Work Is Also Healthy For A Retail Economy

Pedestrian commuting will burn extra calories, provide mental clarity — and, it turns out, help retailers make more money.

On the heels of National Walk to Work Day, it is clear that hoofing it to the office has multiple health benefits. But walkable urbanism can also be healthy for a local retail economy. Urban planning experts all over the country are busy designing the ultimate pedestrian experience, which can be so seamless that all a typical passer-by knows is the desire to wander into that nearby restaurant or shop.

Click here to read the full story.

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Coalition Against Amazon HQ2 Rises In Normally Business-Friendly Environments

Amazon may promise jobs and a financial jolt to whichever region wins its HQ2, but there is a rising coalition of opposition. Organizations in several presumed front-runner cities say the project's presumed benefits will ignore existing, long-term residents and ultimately be more of a headache than a help to their respective local economy.

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'What Jobs Day Giveth, Jobs Day Taketh Away' — Economists React To March Jobs Report On Twitter

Nonfarm payroll employment increased by 103,000 new jobs in March, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 90th straight month of employment gains. The unemployment rate remained at 4.1% for the sixth consecutive month.

While the number of jobs added was down significantly compared to February, when 313,000 jobs were added, economists largely cautioned against overreaction and suggested this is exactly what should be expected at this stage of the business cycle.

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Bisnow's 5 Tips For More Effective CRE Marketing

PRESENTED BY:   Bisnow Marketing
 

In the last 10 years, Bisnow has grown from a single e-newsletter sent to one person's personal email address book to the largest CRE media outlet in North America, Canada and the U.K. To build its subscriber base, Bisnow adopted…

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Tell Us

This week in history: On April 9, 1917, condensery workers went on strike at Carnation Milk Products Co. in Kent. The workers demanded a wage increase. The plant continued to operate. The strike was unsuccessful.

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