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The M, the first new high-rise to be developed in the 2-square mile University District in more than 30 years, will add 460 purpose-built beds, which will increase the total off-campus supply by 10.5%.
Everett's Waterfront Place Central mixed-use development will include trails and parks, public gathering spaces, up to 660 housing units, a hotel, fine and casual dining restaurants, and retail entities.
The acquisition, which also includes an adjoining 1.8-acre surface parking lot, adds City Centre I's 229,600 square feet to Unico's portfolio in Downtown Salt Lake City, which now totals more than 1 million square feet of space.
As the Seattle economy continues to expand, the demographics in Renton are strong and improving, with a low 3.61% unemployment rate, average income of $77,305 and high-paying employers.
The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.
Well, it couldn't last forever. The cannabis market is leveling off in Washington State, six years after legalization. But as resistance slips inside the Beltway, the market could take another long hit.
A breakdown of the portfolio traded includes 46 buildings totaling 9.9 million square feet principally in Poland, France and Hungary and 40 buildings totaling 6.6 million square feet primarily in Seattle, Dallas and Chicago.
Downtown Bellevue is poised for economic and population growth during the next two decades and this CBD Gateway development site is a critical component to the ongoing success of this market.