Commercial
Par 5 Investments Spends $61.9MM to Acquire Two Class A Office Buildings Totaling 225,450 SQFT in Redmond During Busy Period for Eastside City
By Jack Stubbs Just a few days after its sale of two properties within the four-building Bellevue Business Park, Medina, WA-based Par 5...
Pacific Hospitality Group Buys Lacey Retail Center for $14MM
(EDITOR’S NOTE: According to public documents, the sale closed on December 13, 2019 for $14,000,000. The buyer was San Diego-based Pacific Hospitality Group,...
Urban Renaissance, Joshua Green Corp., Bring on New Equity Partner for Seattle’s Plaza 600 Building for $97MM
By Meghan Hall At the nexus of the Seattle’s retail core, South Lake Union and downtown, the Plaza 600 Building has been at the...
Block 2 of Redmond’s Esterra Park—30-Acre Master Planned Development Underway—Bought by PGIM for $14.3MM
By Jack Stubbs Changes are on the way to the Eastside city of Redmond, with a large-scale project in the works set to...
FedEx Distribution Center, Largest Industrial Building in Redmond, Trades for $81.5MM
By Meghan Hall Just as the growth of Amazon has caused office fundamentals space to skyrocket, so has investor interest in industrial properties...
Global Survey: Happy Employees are Good for Business
By Meghan Hall The commercial real estate sector has seen a fair number of surveys on evolving workplace design and employee desires within...
Hemstreet Development Corp. Sells 81,828 SQFT Self-Storage Facility in Mill Creek for $16.3MM
By Jack Stubbs In mid-November, in a transaction that was recently recorded, a self-storage facility in Mill Creek sold for $16.3 million, or...
After $133MM Seattle Purchase, Kilroy Announces 900,000 SQFT Project
LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) today announced it has completed the acquisition of a 1.37-acre five parcel land site in Seattle’s central business district...
Six Buildings Totaling 55,000 SQFT—Located Within Apple Tree Plaza Retail/Office Property in Bellevue—Sell for $16.3MM
By Jack Stubbs As shown by a transaction that was recently recorded, on December 3rd, six buildings—located within the Apple Tree Plaza retail...
Panos Properties Sells Two-Parcel Retail Property in Seattle’s Growing First Hill Neighborhood for $15.15MM
By Jack Stubbs Seattle’s First Hill neighborhood—just a few blocks east of the Central Business District, and directly south of the bustling Pike/Pine...
Par5 Investments Sells Two Buildings Within the Four-Building Bellevue Business Park for $15MM
By Jack Stubbs On December 13th, in a transaction that was recently recorded, two industrial buildings within the four-building Bellevue Business Park sold...
EverWest Real Estate Advisors Acquires Two Kent Properties for Combined $12.8MM
Kent, WA, December 16, 2019 – Investor interest in industrial properties in Washington State’s Kent Valley continues to be high due to ongoing...