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Greater Seattle Real Estate: Hundreds of Housing Units Coming Soon
There continues to be massive investments into the development of housing projects in the greater Seattle area. Highlighted below are some of the exciting projects that are in the works as well as information on the funding of affordable housing units by the Amazon Housing Equity Fund in the Seattle area.
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Silicon Valley Real Estate Sees Industrial & Affordable Housing Demand
While commercial real estate demand in the Silicon Valley remains low in comparison to pre-COVID levels, developers are finding fruitful opportunities predominantly in the way of industrial and affordable housing. The latter comes as no surprise granted the median home value in the Valley sits above $1.1M.
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Hawaii Real Estate Market: Residential Development Update
Are ADU’s (detached or attached self-contained dwelling units intended for occupation by a separate person(s) other than the homeowner of the main home) going to be the solution to Hawaii’s housing shortage? Other jurisdictions have adopted policies encouraging ADU construction. Since the 1980s Hawaii has allowed this type of construction. Currently, over 7000 of these…
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California Real Estate: New San Diego Sports Arena and More
Five teams are competing for the design and development of 48 acres in the Midway District for a new sports arena. All the proposals include towers and affordable housing, projecting to build 4000 units, including 1200 affordable units. The projects seek to revitalize the otherwise “neglected” Midway District.
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Real Estate Development Seattle: Major Projects Under Construction
Seattle developments are on the rise with many exciting projects being planned or just breaking ground. These projects represent just some of the amazing projects that are being worked on in the Seattle area.
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Affordable Housing Pasadena: Update on the City’s Development Goals
In 2020, council member John Kennedy announced a goal for 1000 units of affordable housing in 1000 days. Community Builders Group broke ground on their 280 Oakland Ave project, which will provide 180 of those units. The regional council of Pasadena is also requiring the city to build 9,400 units by 2049.
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Inland Empire Commercial Real Estate: Cali’s Fastest Growing Market
Riverside-San Bernardino, referred to as the Inland Empire, posted stronger gains than its larger neighbor Los Angeles along with every other metropolitan area in California. Marcus & Millichap ranked Inland Empire as 14th on its list of 46th markets in the country. The metro is known and recognized as an industrial hub for the region.…
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Portland Commercial Real Estate News: Multifamily Development Underway
To meet Portland’s growing housing needs, several existing multifamily projects are in the works. With increasing rent prices, there is also a need for more affordable housing units. The city is working to accommodate the demand.
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San Diego Real Estate Developers Focus on Urban Development Models
San Diego is focused on developing mixed-use and urban infill projects which will increase the city’s density in the coming years. This is a big change since the city has historically developed outward as a sprawling suburban metropolis.