Author: Austin Lashley
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Why Haven’t More Office Buildings Gone Into Foreclosure?
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By Owen Rice & Riley Hillis We get asked this all the time: With more than one-third of all office space sitting vacant in most cities across the country, how are office buildings managing to stay afloat without going into default? It’s been more than five years since the onset of the Covid-19 pandemic, and…
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Washington-based Nytec, led by CEO Rich Lerz, has been pushing the envelope on consumer product design for over 40 years. The full-service design and engineering consulting firm has built an impressive client list, working with top Fortune 100 companies including Microsoft, Amazon, Carnival, Oculus and SpaceX. Their world-class team is composed of designers, engineers and manufacturing experts all under one…
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To borrow a historic phrase: “It was the best of times, it was the worst of times.” As 2018 came to a close, the equity markets had retracted into Bear Market territory. The Dow Jones Industrial Average’s stood at 26,828.39 on October 3, 2018, only to finish Dec. 31 at 23,327.46. The first weeks of the new year have only…
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In recent years, hundreds of articles have speculated about which city or town will be the “next Silicon Valley.” One commonly mentioned frontrunner is the City of Seattle. Renowned by experts as the Cloud Technology Capital of the world, Seattle has become the largest expansion market for Bay Area companies. According to data from GeekWire, over the past 5 years,…
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Sunny Singh founded Edifecs in 1996 with the mission to find a better, more accurate way to track and process data. When HIPAA was introduced, Edifecs technology found massive success in the healthcare industry and has been focused on applying technology to improve our healthcare system and bring well-being to the world.
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Driving around Bellevue and Redmond, it is impossible to not notice the widespread construction along SR 520 and I-405. Sound Transit is pushing forward with their 30-year master plan, kicking off one of the largest light rail expansions in the United States. The new East Link extension will connect Seattle to the Eastside business hubs of Bellevue and Redmond. The…
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At the end of the 2nd quarter, we are continuing to see trends continue much like we have over the past few years. Our region’s largest tenants; Microsoft, Amazon.com and Facebook, continue to expand and the co-working giant, WeWork, has become one of our region’s largest occupiers of office space. In fact, WeWork now occupies more office space in the…
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Everyone loves a good Sci-Fi movie that piques the imagination and spurs thoughts of different ways society and technology will change. While there have already been some changes in how we use technology, there are still brilliant ideas that have yet to become a reality. But how will corporate office space change in the future?
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July 2019. No, I am not predicting the beginning of the next recession in the U.S. In point of fact, according to the National Bureau of Economic Research, the current prolonged recovery will exceed the longest on record of 120 months (1991-2001), as the fireworks boom over Puget Sound, and ring in the Country’s birthday next July.
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What was once a bedroom community on the eastside of Seattle’s Lake Washington, Bellevue has become the fifth largest city in the state and is a thriving hub for dynamic businesses. Bellevue has been rated amongst the top places for entrepreneurs to launch startups and most recently, Livability ranked Bellevue #10 on their 2018 Top 100 Best Places to Live…
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Seattle’s Eastside has become a flourishing suburb with the rapid development of Downtown Bellevue and global success of local companies like Microsoft that call the Eastside home. With the continued growth of Downtown Bellevue’s Central Business District (CBD), the city has become a mecca for software and financial firms. As Bellevue’s CBD continues to grow, other areas of Bellevue are…