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The Puget Sound area has many large corporations driving growth such as Boeing, Microsoft, Amazon, Starbucks and Costco, leading to construction of all building types.
“Kevin is a respected and proven leader with deep experience in building long-term institutional relationships in the real assets market,” says CenterSquare's Todd Briddell.
"This acquisition continues the expansion of our nationwide industrial portfolio, which seeks to secure strong, income-oriented returns at this mature stage of the current real estate cycle,” says Brodie Ruland, ASB senior vice president and Northeast region head.
“Maggie's management experience encompasses multiple tiers of tenant representation, business development and client management, ideally qualifying her for her new position,” says Greg Tait, senior leasing director, Irvine Company Office Properties.
“The property's durable cash flow and attractive yield were a highly compelling investment proposition for the buyer's first US acquisition,” says NKF's Kevin Welsh, whose team brokered the sale.
The proposed Google campus was another compelling reason for Decron to acquire the Willow Creek multifamily property with long-term upside and below-market rent component.
Interest in certain cities or asset types might ebb or flow, but the rush of international capital is on a steady upward trajectory, according to CBRE's H1 In and Out report.
At Lee & Associates' annual Broker's Summit in Las Vegas, Ken Salzman and Aleks Trifunovic highlight the stunning differences between L.A. and New York office properties.