Amazon HQ2 will be Amazon’s second headquarters in North America. We expect to invest over $5 billion in construction and grow this second headquarters to include as many as
50,000 high-paying jobs – it will be a full equal to our current campus in Seattle. In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.
Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city’s economy – every dollar invested by Amazon in Seattle generated an additional $1.40 for the city’s economy overall.
Office condos are bright spots in otherwise bleak sales marketMore commercial brokers are turning to condos as overall sales have fallen 50%
The December celebration hosted by commercial brokerage Hodges Ward Elliott attracted hobnobbers from across the industry, including owners and developers such as Leslie Himmel, Taconic Investment Partners’ Charles Bendit, Alchemy Properties’ Ken Horn and Allianz Real Estate America’s Gary Phillips.
The mortgage would be one of the biggest construction loans of the market cycle, on a level with SL Green’s $1.5 billion loan to fund One Vanderbilt and the $1.5 billion loan to fund Related Companies and partners’ 50 Hudson Yards.
Brokerage wants to provide buyers, sellers and tenants with more info on consumer habits
JLL signed a deal with a firm that analyzes pings sent from mobile devices to track consumer shopping habits, the latest indication that the notoriously low-tech commercial real estate industry moving to catch up with the times.
Company purchased properties at 181-182 Prospect Park West and 409-421 14th Street
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181 and 182 Prospect Park West