Originally Published: djc.com SEATTLE — Timberlane Partners launched a new value-add acquisition fund last year, but never announced the goal — even as some of the money was being spent up and down the West Coast on older multifamily properties. Earlier this month, the investor/developer said the fund had closed with $100 million in contributions. Timberlane says that […]
Industry
Seattle Firm Closes First Acquisition Fund To Buy Apartments at Discount Prices
Originally Published: costar.com Seattle-based Timberlane Partners closed its first multifamily investment fund with more than $100 million intended to buy discounted apartments as investors capitalize on a sales slowdown that has shaken up property values. The company said it closed its Timberlane Acquisition Fund backed by ultra-high-net-worth investors, family offices and registered investment adviser fi […]
Seattle multifamily company closes $100 million fund as market bumps along the bottom
Originally Published: bizjournals.com Seattle-based Timberlane Partners has announced the successful closure of its multifamily real estate investment fund with over $100 million in equity. Backed by ultra-high-net-worth investors, family offices, and RIA (registered investment adviser) firms, the Timberlane Acquisition Fund is building on the track record of Timberlane, which says it has delivered returns averaging […]
West Coast Cities Slam Brakes on Housing Production Amid Worsening Crisis
Originally published: costar.comJack Witthaus, Katie Burke, Randyl Drummer and Lou Hirsh Up and down the West Coast apartment construction sites are falling quiet despite high demand in a worsening housing shortage. Fewer multifamily projects have broken ground this year from Seattle to San Diego in one of the slowest starts to apartment construction in a […]
Amazon asks some workers to relocate as return-to-office push continues
Originally published: bizjournals.comAlex Halverson Less than three months after Amazon.com Inc. (Nasdaq: AMZN) enacted its return-to-office guidelines, the company is asking some employees to relocate to certain hubs so they can be closer to their teams. Amazon set May 1 as the date when employees would be expected to return to the office at least […]
Seattle lands No. 2 spot as best North America market for tech talent
Originally published: bizjournals.comCassidy Ritter A new report ranked Seattle as the No. 2 market in North America for tech talent, placing the city in the same spot it was last year. This ranking from CBRE’s Scoring Tech Talent report looks at the top 50 North American markets and their ability to attract and develop tech talent. It […]
Seattle is once again the fastest-growing big city, census data shows
Originally published: seattletimes.comGene Balk Turns out, even a pandemic can’t keep Seattle down for long. Data released Thursday by the U.S. Census Bureau shows the boom times aren’t over just yet: Seattle just reclaimed its title as the fastest-growing big city in the U.S. From July 1, 2021, to July 1, 2022, Seattle had a net gain […]