Thursday, March 30, 2017

Commercial

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Lincoln Square Expansion, Lincoln Square, Bellevue, GLY Construction, Kemper

$1 Billion Lincoln Square Expansion in Bellevue is Almost Fully Leased

By Brittan Jenkins Eleven years after Kemper Development Company opened Lincoln Square in Bellevue, the group is ready for its expansion of the development to...
Whittaker, Fuller Sears Architects, Weingarten Realty, Lennar, West Seattle

Retail Portion of The Whittaker in West Seattle Sells for $24MM

Houston-based Weingarten Realty, which partnered with Miami-based developer Lennar Multifamily Communities, just purchased the retail portion of the project they were developing together, The...
Martz, Kyler Martz, Design, Deloitte Digital, Fremont, Seattle

A Q&A: Local Artist Kyler Martz

By Brittan Jenkins If you’ve ever strolled through Fremont’s bright and vibrant neighborhood, chances are you’ve seen the work of local tattoo artist Kyler Martz....
Mall, The Commons at Federal Way, Merlone Geier

Merlone Geier Buys The Commons at Federal Way Mall for $46.5MM

San Francisco-based Merlone Geier Partners has been an active buyer and seller of retail properties in the Puget Sound region, and its latest is...
Vulcan, South Lake Union, Seattle, Downtown Seattle

Vulcan Buys More Property in South Lake Union for $16MM

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d2688.9609632093743!2d-122.34221894838225!3d47.626890079083864!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x549015394476f2b1%3A0xe15927670d18bb61!2s753+9th+Ave+N%2C+Seattle%2C+WA+98109!5e0!3m2!1sen!2sus!4v1490225502283&w=640&h=450] Continuing its recent string of purchases in Seattle’s South Lake Union neighborhood, Vulcan purchased yet another building in SLU for $16 million or...
Swire Coca-Cola, USA, Coca-Cola company, Bellevue, Washington, King County

Swire Coca-Cola, USA Buys Production Plant in Bellevue for $31MM

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d5378.434192557636!2d-122.17829076685433!3d47.62191107918562!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x54906cf7b97a888f%3A0x9062c8e70d42d464!2s1150+124th+Ave+NE%2C+Bellevue%2C+WA+98005!5e0!3m2!1sen!2sus!4v1490137109589&w=640&h=450] Utah-based bottler and distributor of Coca-Cola products, Swire Coca-Cola, USA purchased a production plant in Bellevue for $31,435,695.71 or $156.30 per square foot...
John Cumbelich & Associates, Bay Area, Deprtment store, Macy's, JC Penney, Nordstrom, San Francisco

Short the (Department Store) Stock

By John Cumbelich The Department Store business model is dead. Macy’s and JC Penney are closing stores by the hundreds. Sears is on the verge...
John Cumbelich & Associates, Bay Area, Deprtment store, Macy's, JC Penney, Nordstrom, San Francisco

JCPenney Announces 138 Stores Closing, Pilchuck Landing Store in Snohomish On the List

In February of 2017, the national retailers JCPenney had announced that it would refocus its operations toward profitability and as a result close between...

Parker Smith & Feek Sell Bellevue Office Buildings for $16MM

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d21510.264006007343!2d-122.20923746139428!3d47.63034927918631!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x54906cec015134f9%3A0x54e8a96b3eb5d0d6!2s2229+112th+Ave+NE%2C+Bellevue%2C+WA+98004!5e0!3m2!1sen!2sus!4v1489766508192&w=640&h=450] Insurance brokerage group Parker Smith & Feek Inc. sold two Bellevue office buildings to JB Bellewood LLC associated with June Yoo for $16...
CRE, Commerical Real-Estate, CommercialCafe, Yardi Matrix

Foreign Investors Pile into US Commercial Real-Estate Bubble

By Wolf Richter With impeccable timing, after a blistering 7-year price boom. 2016 might later be called the peak year in terms of commercial real estate,...
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