Breaking News Apartment Construction

At the heart of Seattle's Canadian real estate company, plans to break ground in June on a residential complex of luxurious 654-unit. This $ 200 million bet on the growing demand for rental properties, the U.S. partly due to housing slump, which reduces the people from their homes.
The complex will be the first apartment Bentall Kennedy built in the city in 10 years, said John M. Parker, president of the U.S. arm of Toronto company, which oversees $ 23 billion in real estate. There will be a surge in rents over the next one to three years, "says Parker." This is in anticipation of spike in rent that we can be comfortable on our return on costs. Several years ago, we could not do it. "