Well, we just finished four months of full scale corporate remote working and let me say, it wasn’t all that we thought it would be. For background, we have been completing the renovation of the The Trust Building and tried to time our move from our signature project, PacMutual, to our new home at 433 S. Spring Street so that we would have a few weeks of remote work set ups at our other projects in combination with encouraging remote work solutions so that the company could continue operating efficiently without having to execute two major moves.
The Emerald City has rapidly become one of the fastest growing cities in the United States. For the past eight years, it has experienced record tourism, tax contributions and travel-related employment. Seattle is known for exquisite coffee, breathtaking landscape, misty mornings, and some of the largest and most innovative companies. Starbucks, Amazon, Microsoft and Expedia are all headquartered in this region of Puget Sound. These corporate giants attract some of the best talent in the world, drive the booming market, and heavily contribute to the city’s major millennial population. People are flocking to the vibrant city due to the strong demand for the lifestyle it offers - a robust economy, incredibly passionate residents and a work-hard, play-hard atmosphere. Once largely considered a secondary market, the city has risen to become one of the leading real estate markets in the nation.
The blocks of Spring Street south of City Hall lagged behind other parts of the Historic Core in downtown’s economic recovery of the last two decades.
But now the area is experiencing a burst of real estate development expected to bring tourists, residents and office workers to the neighborhood, long associated with urban decay.
Over the past decade, Portland has grown wealthier, more educated and has seen a boom in population that has consistently outpaced the national average. It is the second largest city in the Pacific Northwest, after Seattle, and the 26th largest in the country. The West Coast city is experiencing one of the highest population growth rates in the country and record low unemployment. With help from Portland’s beautiful nature, affordability, and rich food and arts scene, U.S. News and World Report named the city the number one place to live in 2018.
As an investor in commercial real estate, Rising Realty Partners focuses its efforts in nine Western US markets. These markets include five in California - San Francisco/Bay Area, Silicon Valley, Los Angeles, Orange County and San Diego. They also include Seattle, Portland, Denver and Salt Lake City. While the fact that California is the 5th largest global economy lends strong support for our California focus, we are often asked why some of our other markets make sense in terms of real estate investment. In the past we have written blog posts about Denver, we also want to focus on the positive investment signs and opportunity we see in Salt Lake City.
Los Angeles - July 31, 2019 — Rising Realty Partners (Rising) announced today that it has signed Republic Indemnity, an affiliate of Great American Insurance Group specializing in Workers' Compensation, for a 50,000 square-foot lease at The Park Calabasas in Calabasas, Calif. Republic Indemnity will be relocating from its current location in Encino, Calif.
Rising Realty Partners (Rising) and BentallGreenOak announced today the acquisition of Civic Center Plaza, a 598,592 sf, 22-story landmark, Class A, office building located at 1560 Broadway in the Uptown district of downtown Denver. Civic Center Plaza is adjacent to Denver’s premier transit hub and is over 97 percent leased to investment grade and government tenants including the Regional Transportation District (RTD), the State of Colorado, Sheridan Ross, and a soon to open WeWork location,
The Greater Los Angeles Area Council, Boy Scouts of America is holding its 12th Annual Business Leaders Breakfast, a leadership recognition and networking event for the Metropolitan Los Angeles business community, in support of the youth in the GLAAC programs for Boy Scouts, Cub Scouts, Explorers and Venturing Scouts on the morning of Tuesday, June 18th at the historic Millennium Biltmore Hotel, Downtown, Los Angeles.