In a recent visit to Seattle, May Lee of CGTN discussed the growing interest in Seattle with Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR), who told her “the secret is out and the Chinese know it.” Jones cited the state’s lack of income tax, top-ranked schools and relative affordability compared to other West Coast peer markets as contributors to the rise in foreign investment. And the Seattle appeal is certainly evident, as Lee reports that “according to a property website in China, searches for real estate here [in Seattle] have more than doubled beating out other favorites like Los Angeles, New York and San Francisco.”
Asia Services Group
Event Draws Dozens of Invited Guests to RSIR’s Kirkland Branch Office for Book Signing and Lake Washington Boat Tour
On Wednesday, July 26th author Ben Briggs of Briggs Freeman Sotheby’s International Realty and resident of China, visited the offices of Realogics Sotheby’s International Realty on the Kirkland waterfront for an impromptu book signing of his book Chinese Institutions Definitive Guide to USA Commercial Real Estate. The book, written in Chinese, is currently offered for sale on Amazon.com and includes chapters written by twelve other co-authors including RSIR’s Dean Jones, representing the Seattle / Bellevue metro area.
Mike Good, Chairman Emeritus of Sotheby’s International Realty, Leads Executive Leadership Experience
On July 11th, Dean Jones, President and CEO of Realogics Sotheby’s International Realty (RSIR) was among four selected panelists from the Realogy franchise network to present on a panel “Successful Brokerage Models” at Realogy’s corporate headquarters in Madison, NJ. The multi-cohort leadership experience, led by Mike Good, Chairman Emeritus of Sotheby’s International Realty, helps prepare next generation leadership within Realogy companies.
According to the newly released Hurun Report and a CNBC news article that followed, “half of Chinese millionaires are considering moving overseas, and the U.S. remains their favorite destination.” Top considerations among potential buyers include education and living environment, and of the top destination cities in the U.S., Seattle was second only to Los Angeles, a sign that the Emerald City has arrived as a global gateway city. The flurry of foreign investment is largely the result over growing concerns regarding the devaluation of the yuan, cited as a concern of 84% of Chinese millionaires.
Chinese Tourism & Investment Tops All Overseas Interest; Brokers Rally for Summer Sales Season
For the second year in a row, Realogics Sotheby’s International Realty (RSIR) sponsored the publishing of the glossy, all-Chinese magazine Seattle Luxury Living, which is catered to Chinese consumers in the Pacific Northwest as well as those seeking real estate and lifestyle opportunities throughout the Seattle metro area. Tiger Oak Media, owner of Seattle Magazine, Seattle Bride, and Seattle Business Magazine is the publisher and included exclusive real estate content provided by RSIR along with featured listings, lifestyle editorial, and third-party advertisers. The 2017 edition comprises 112 pages, an increase from the 88 pages in the 2016 edition. The official debut is hosted by Wild Ginger, an advertiser, at 1401 3rd Avenue, Seattle on June 1, 2017 from 6:00-7:45pm.
Luxury Real Estate Leaders Point to Increasing Dominance of India Homebuyers in Pacific Northwest
“Asia’s a big place and it’s not all about China,” said Dean Jones, President and CEO or RSIR. “We’ve recently added hand-selected brokers to increase our service to Indian nationals here at home and abroad, which is synchronized with our brand development in this important country.”
Seattle Area Tops Chinese Searches on Juwai.com; Brokers Rally for Chinese New Year.
This Spring, for the second year in a row, Realogics Sotheby’s International Realty (RSIR) is sponsoring the publishing of the glossy, all-Mandarin magazine “Seattle Luxury Living”, which is catered to Chinese consumers in the Pacific Northwest as well as those seeking real estate and lifestyle opportunities throughout the Seattle metro area. Tiger Oak Media, owner of Seattle Magazine, Seattle Bride, and Seattle Business Magazine is the publisher and will include exclusive real estate content provided by RSIR along with featured listings, lifestyle editorial, and third-party advertisers.
Realogics Sotheby’s International Realty (RSIR) announced a pivotal sales milestone of surpassing $1 billion in residential sales volume over a trailing 12 month period as of October 2016, according to Trendgraphix research. Since commencing operations with the Sotheby’s International Realty network in February 2010, the new Seattle-based brokerage firm has quickly expanded to five regional offices including Downtown Seattle, Bainbridge Island, Kirkland, Issaquah and Madison Park, with more than 200 brokers and employees that proudly serve all property types and price points.
As a country marked by waves of immigration from citizens around the world, the United States has long been home to enclaves that offer new residents a sense of “home” among those who share in their culture as they transition into American life. Since the establishment of San Francisco’s Chinatown in the mid-1800s, these neighborhoods have become staples for American cities around the country. Visually defined by a fusion of Western architectural styles with traditional Asian elements such as gilded ornaments and tiled-roofs, Chinatowns in the U.S. have emerged as popular neighborhoods where residents and visitors enjoy vibrant cultural offerings in the form of cuisine, art and events.
Global Real Estate Leaders Confirm Rising Demand among Chinese Investors; Cite Tax-Based Diversions of Investment to Washington State
Realogics Sotheby’s International Realty (RSIR) and Tiger Oak Media announced the distribution of an encore edition of the popular 92-page Seattle Luxury Living magazine timed with the inaugural flight of Xiamen Airlines, which arrived in Seattle on September 27th —the third airline to offer non-stop flights between Mainland China and SeaTac International Airport. The magazine is published entirely in Mandarin and is widely distributed to a Chinese readership to meet the rising demand among Mainland Chinese considering the Seattle/Bellevue metro area for investment, immigration, and education. The first edition with 20,000 copies was launched and quickly distributed on January 6, 2016, prompting the decision for an encore edition. The reprint was also motivated by recent media events that are magnifying Chinese interest in the Pacific Northwest.