Posts in Investment
Blokable Set to Expand into California

Seattle-based startup Blokable—which is working to disrupt housing development with modular smart home units—has generated $23 million to expand manufacturing into California and prepare for new projects. Since delivering a project in Edmonds in 2018, Blokable has held off on additional builds and instead has “focused on nailing down the business model and making sure the manufacturing meets housing regulations.”

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Richard Chandler Boosts Investment in Electric Aerospace Technology

Back in May, I looked at a growing trend in our region: the electric aerospace industry. At the time, local companies such as Magnix and Zunum Aero were raising capital for research in electric aviation and experts estimated that there were roughly 100 global companies developing electrically propelled aircraft. The Puget Sound region could soon see further advances in the industry, as billionaire Richard Chandler is backing Redmond-based Magnix with a sizable investment.

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Biotech is Coming to South Lake Union

The biotech presence in South Lake Union is set to grow, as Puget Sound Business Journal reports that Alexandria Real Estate Equities plans to construct an office and research building—with a $76.5 million price tag—at 1150 Eastlake Avenue East. The project will comprise 12 stories and 303,000 square feet and is one of four projects Alexandria is planning in the region.

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Electric Planes are in the Puget Sound’s Future

Puget Sound Business Journal reports that the electric aerospace industry is growing, as local companies such as Magnix and Zunum Aero are “fighting to raise money and counter critics of emerging electric aviation technology, which could revolutionize short-haul aviation and revive regional air travel.” Experts estimate that there are roughly 100 worldwide companies developing electrically propelled aircraft and though many of the projects are in very early stages, “airline executives are lining up to buy them, lured by the promise of lower operating costs, bigger profits and much lower to zero emissions.”

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Real Estate Investors Target Innovation Economies

According to a recent study by JLL, real estate investors are putting their money into cities with strong technological economies: GeekWire reports that the study “finds a correlation between the real estate investment dollars spent in a community and the strength of its innovation economy.”

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U.S. News Names Washington the Nation’s Best State

U.S. News recently completed their ranking of the Best States in the nation and our very own Evergreen State topped this year’s list! Washington’s impressive performance may be attributed to the State’s strong economy, coming in at third, second-ranked infrastructure, and health care and education, which both came in at fourth on the list.

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Features that Boost a Home’s Sales Price

When considering home renovation, it’s important to think not only about how added features will add value to daily life but also how they will impact your home’s value when it comes time to sell. MarketWatch recently put together a list of the top home features that boost a home’s value, both at the entry-level and top tier price points. Data was compiled by Zillow and utilized the listing descriptions, sold prices, and sales times for over 4.6 million home sales in 2017 and 2018.

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Washington Ranked Second Best State for U.S. Business in 2018

Every year, CNBC ranks all 50 states to determine those that are the top destinations for businesses, using “more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves.” In order to achieve balanced results, points are awarded to states from ten overarching categories and are weighted depending on how frequently they are used as selling points for economic development.

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Kevin O’Leary of ABC’s Shark Tank Shares Debt & Finance Tips

A recent CNBC article turned to best-selling author and Shark Tank co-host Kevin O’Leary for his insight on the do’s and don’ts of debt, outlining top tips that will have your financial future looking more bright. As the feature describes, “Americans hold $8.88 trillion of mortgage debt, according to a February report from the Federal Reserve Bank of New York,” which marks “the largest type of household debt in the country.”

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Seattle Emerges as Third Most Popular U.S. City for Real Estate Investment

A recent article published by The Registry reveals that Seattle has now tied with New York as the third most popular market for investment properties, behind only Dallas/Fort Worth and Los Angeles/Southern California, according to the 2018 CBRE Americas Investor Intentions Survey. Nearly half of all investors surveyed indicate they’ll increase their level of acquisitions in the U.S. in the coming year, with 88 percent planning “to either maintain or increase spending,” a number up from last year’s 83 percent.

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