Globest Sectors

The region continues to benefit from unprecedented population increases, job gains and rental rate increases, making the market attractive for investors from across the state seeking long-term returns.

Amid a changing market, large and marginal developers are getting creative to navigate around price corrections and foreclosures.

Met Tower, a 366-unit high-rise multifamily building located in the South Lake Union neighborhood, was acquired by its original developer for $216.1 million, and was sold free and clear of existing financing.

The transaction including a $25 billion domestic core real estate fund is subject to customary closing conditions, and is expected to lock-down by year-end.

In the last 90 days, CapRock has acquired eight industrial assets in California, Nevada and Arizona.

The Pennant Group will focus on home health, hospice and senior living businesses, while Ensign will continue to invest in the skilled nursing asset class.

Given the broad powers and great due deference that the Legislature possesses with the regulation of property within the confines of its state, especially within the landlord-tenant context, a finding that the HSTPA is unconstitutional by the Judiciary would be quite remarkable.

"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.