he concept of “pop-up hotels” has been around for some time and is typically associated with the ice hotels that dot Scandinavia, Canada, and other countries each winter. But the notion of these “pop-ups” has been expanding recently, as Puget Sound Business Journal reports that a new apartment tower in Belltown may soon be home to a temporary hotel.
The real estate market is strong and active as of March 2019. Please refer to the following recent reports in reverse chronological order for trends and data that lead to this point.
In 2019, the greater Seattle-Bellevue metro area residential real estate market picked-up significant momentum after going through a price correction that began in May 2018 and leveled-off beginning in October to December-January.
Now that drivers are safely traversing the new SR-99 tunnel, the Washington State Department of Transportation is preparing to demolish the Alaskan Way Viaduct, the first in many steps toward revitalizing the city’s waterfront. As GeekWire reports, WSDOT has now released “an extensive online overview of what to expect from the removal of the old highway above ground — a process that should take about six months.”
Tax season is here and homeowners in the region are receiving their property tax bills in their mailboxes. Following years of double-digit increases for homeowners, many are feeling a welcome relief this year, as Seattle Times reports that approximately half of the cities in King County are seeing a slight decrease compared to last year’s rates.
The National Association of Home Builders recently released their monthly confidence index and at 62, February 2019 marks the highest index in the past four months. The index may be broken down into a subset of categories, all of which show impressive gains, including sales conditions at 67, six-month expectations at 68 and buyer traffic at 48.
As a recent Puget Sound Business Journal article put it, “The Eastside office market has FANGs.” However fitting, they aren’t referencing the region’s sharp teeth; they are talking about a group of tech titans: Facebook, Amazon, Netflix and Google.
Amazon left the tech community reeling in mid-February when they announced that they were pulling out of their plans to add a headquarter location in the Long Island City section of New York. Many have been asking, where will the 25,000 planned jobs for Long Island City go? The short answer seems to be a little bit of everywhere.
Despite his recent bout of personal problems, Jeff Bezos is a highly successful businessman, who has amassed a personal fortune of over $150 billion and stands at the helm of one of the most successful companies in the U.S. When asked about the number one sign of intelligence he looks for in a person, it seems a bit counter-intuitive. Do you have an idea of what it is?