[Guest Speaker] A Tale of Two Cities: Navigating the Office Sector in a Hybrid Work Era
Lori Hill, Unico’s SVP of Investor Management, joins Alliance Global Advisors discussing the current office sector environment.
Lori Hill, Unico’s SVP of Investor Management, joins Alliance Global Advisors discussing the current office sector environment.
Having originally acquired the property for $43 per square foot on an all-cash basis, and increasing occupancy to 97%, in November of 2013 Unico put the Lincoln Building on the market, recognizing the opportune time to sell given market cycles and duration of remaining lease terms.
Unico was able to offer its Boutique Office Portfolio investors an off-market route to an irreplaceable, and otherwise inaccessible asset through creative deal-sourcing.
Our repositioning strategy to modernize the building and its amenities leads to diverse tenant mix.
Leveraging local knowledge, Unico was able to source, off-market, an opportunity to step into a stalled mixed-use development. Within a year of delivery, Unico raised occupancy of the residential portion to 99% and the office portion to 90% attracting major tenants.
We excel at leaving properties better than we found them. We believe the best property transformations are those that combine thoughtful, tenant-centered design with innovative capital plans and finely-tuned operations.
Unico has a rich history of development that includes some of the most noteworthy high-rise office buildings in downtown Seattle and other high-performing buildings throughout the western U.S.
Market familiarity in the Portland CBD enables us to combine an off-market purchase with a tenant-in-tow.
The “off-market access” claim is overused in the industry, so we invite you to see how pervasively we back this up.