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Commercial Real Estate News for Monday, October 31

Three articles to pay attention to on your Halloween afternoon.

Condo developer takes over Seattle’s long-stalled $400M Civic Square project

Bosa Development submitted a $22 million deal to take over development on Seattle’s Civic Square. The project has been in development¬†for nine years and has suffered from a number of setbacks and slowdowns.

HOK: Coworking trend picking up steam in commercial real estate

Millennials are pushing commercial real estate spaces in new directions. Young employees prefer coworking environments, despite the style making up less than 1% of commercial real estate.

There are 5.6 million cheap apartments in America. Not for long

Investors extensively renovating old apartment units are driving up the cost of, what what previously, affordable housing. Unlike subsidized housing, there are fewer obstacles for developers renovating their outdated properties and driving the prices out of the range of low-income earners.