Ten Days of Buzz: June 2-12, 2012

Welcome to Ten Days of Buzz, where all the experts are talking about something…Let’s see what they’re talking about this week!

“Los Angeles-based Kilroy Realty, which owned nothing in the Seattle market two years ago, is on its way to becoming one of the region’s bigger office landlords.”

Eric Pryne, Seattle Times business reporter. L.A. firm buying Fremont, Bellevue office buildings, Seattle Times, 6/6/12.

The online retail giant wants to build three 38-story office buildings, along with other buildings five, six and eight stories tall, with about 1 million square feet of space, on three full blocks along the east side of Westlake Avenue between Lenora and Virginia streets.

Aubrey Cohen, Real Estate Writer for the Seattle PI. Amazon files for downtown development permit, Seattle Post-Intelligencer, 6/7/12.

“Where (people) are choosing to rent, rather than buy, they’re being a little more picky. They want better quality, better space, amenities — more trim work, a little nicer appliances, that kind of thing.”

Jim Gaines, Texas A&M Real Estate Research Economist. Apartment Construction Soars, Amarillo Globe News, 6/9/12. 

“We’re seeing a significant growth in the number of San Franciscans who are utilizing websites to share their homes, apartments or couches with visitors from around the world…We need to protect scarce rental housing, make sure visitors are respectful within buildings and neighborhoods, and make sure these practices take into account planning, safety and quality-of-life concerns.”

David Chiu, San Francisco Board of Supervisors President. Short-term rentals disrupting SF housing market, San Francisco Chronicle, 6/10/12.

“People are willing pay a premium to have this kind of carefree living situation; if they see something and they don’t feel like they’re sacrificing anything in standard of living [they could choose to rent], especially if they’re not sure it’s going to be a long-term investment for them.” 

Gary Malin, president of New York real estate firm Citi Habitats. Here’s Why the Rich Are Still Renting, USNews.com, 6/11/12.

“To do this we need strong political leadership that is willing to work with both landlords and tenants to make it more affordable and stable for ‘generation rent’.”

David Clapham of the Joseph Rowntree Foundation. Call for Tax Breaks for Landlords, the Press Association, 6/12/12.


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