In The Media
Now Trending | Upsizing Your Retirement Home
Instead of downsizing, retirement-age sellers and buyers are upsizing. The Wall Street Journal profiled several older homeowners and found that instead of scaling down the square footage in retirement, they want something bigger. Some so that children and grandchildren are more likely to visit, as Realogics Sotheby’s International Realty’s Dean Jones told WSJ. It’s the “grandchild trap”—the larger estate is a factor that entices grown children and grandchildren to visit.
Futurecast Forum 2022 Offers Insight, Perspective On Future Of Seattle Real Estate
On Wednesday, 300 real estate professionals gathered at the Seattle Design Center to talk about the future of the industry in the region. By looking ahead at the next five years, developers, brokers, economists, and civic and business leaders shared insights on how the city is evolving, and what professionals can do to help their clients achieve their real estate goals, whether their primary motivations are living or investing.
Symposium at Seattle Design Center Promises to Inform, Inspire and Cultivate the Residential Housing Market.
Executives at Realogics Sotheby’s International Realty (RSIR) announced today that the FutureCast Forum will reconvene in 2022 at the Seattle Design Center on March 30th with an event program between 1:30 pm and 6:30 pm. The highly anticipated event will draw more than 300 residential real estate brokers and industry professionals, followed by a developer’s symposium for the region’s most active builders. Guests will explore an open house of the Seattle Design Center showrooms; attend the keynote presentations and panel discussions; enjoy curated prize drawings; network over hosted appetizers and wine pairings; and be inspired to collaborate in a new real estate cycle following the COVID-19 pandemic with a view towards 2025 and market influences.
New Smith Tower tenant betting big on the future of downtown Seattle
According to the Downtown Seattle Association, 100,000 people now live in the downtown area. Even during the pandemic, the population downtown increased by 10%.
"Seattle is too great to fail," said Dean Jones, co-founder of Realogics Sotheby's International Realty.
Jones feels Seattle is poised for a post-pandemic comeback, as history repeats itself, much like it did after the 1918 flu pandemic when the “Roaring 20s” followed.
"As the masks come down, and businesses rise up, I think there'll be a repopulation of the city," said Jones. "We're going to see a new era."
Downtown Seattle’s crime and inequity issues can get better.
Seattle-area officials and urbanist Richard Florida agree: The prognosis for downtown COVID-19 recovery is good, if stakeholders can improve housing, inequities and crime. Hundreds of Seattle business community members gathered for the annual Downtown Seattle Association “State of Downtown” address Thursday, where Florida was the keynote speaker.
State of Downtown 2022
At the start of 2020, downtown Seattle was emerging from two decades of record growth and investment, outperforming almost every major urban core in the country. When the pandemic hit, tens of thousands of employees left to work from home, numerous downtown businesses permanently closed, and our once-vibrant arts, entertainment, tourism and hospitality sectors shuttered. Since then, downtown Seattle has begun to bounce back as it has from other downturns throughout its storied history
Boeing 747 to be centerpiece of new downtown Seattle development
An iconic Boeing 747 jumbo jet, a symbol of Pacific Northwest innovation and industrial achievement, will soon be the centerpiece of a new development in Seattle’s South Lake Union neighborhood.
Developer Ian Gillespie, the founder of WestBank based in Vancouver, Canada, is the visionary behind the project.