The U.S. economy continues to grow at a steady clip despite stock market volatility, and it has just reached a major milestone.
Real estate investment trust JLL Income Property Trust has paid $81.8 million for a property in the Seattle suburb of Bothell that it considers a safe bet in case of a slowing economy.
Real estate investment trust JLL Income Property Trust has paid $81.8 million for a property in the Seattle suburb of Bothell that it considers a safe bet in case of a slowing economy.
Two new Los Angeles apartment towers in the city’s Historic Core are the latest signs that the multifamily boom in the downtown of the nation’s second-largest city is spreading farther from the South Park concert district, where that type of construction has been concentrated for years
Park Lane Seaport Viewed as Barometer That Could Set Highest Price for Rental Property in City
“Our base case is that an agreement would leave some US tariffs in place, potentially lifting them in stages as various commitments under the agreement have been met. We nevertheless expect some US tariffs to remain in place into 2020,” Goldman Sachs says. Going forward, the process to reach a trade deal would be expected to occur in three phases, Goldman says.
Airbnb has inked a deal to acquire HotelTonight, an app specializing in finding hotel rooms at the last minute, ideally at a discount. The acquisition represents Airbnb’s latest foray into the more traditional side of the hospitality business.
After concentrating on Seattle’s urban core where most new projects are located, multifamily investors expanded their horizons in 2018 and placed more capital in suburban areas, where rent growth has been strong. As a result, suburban areas matched up with, and even outperformed their downtown counterpart, helping to drive apartment sales volume in the Seattle metropolitan area in 2018.
