Commercial
Expedia Swaps Architect for New Seattle Headquarters
By Brittan Jenkins With final approval from the City of Seattle for its Major Phased Development application, Expedia has enlisted the help from...
Deutsche Asset Management Transfers over $111MM Worth of Industrial Assets to Affiliated LLC
By Brittan Jenkins Deutsche Asset Management, an affiliate of the financial Deutsche Bank Group, transferred $111,750,000 worth of industrial space in the Puget...
Union Investment Pays $330MM to Buy Amazon-Leased Midtown21 in Seattle
By Jon Peterson Germany-based Union Investment Real Estate GmbH has paid approximately $330 million or $884 per square foot to acquire the 373,000...
Park 120 Office Park in Bellevue Sells for $32MM
Sheen’s Bellevue One LLC, associated with Mercer Island investor Bob Sheen, purchased the Park 120 office complex in Bellevue from Park 120 Investments...
Expedia’s Plans for New Seattle Waterfront Campus Will Repurpose Existing Buildings
By Brittan Jenkins When Expedia announced nearly two years ago that it would move it’s headquarters from Bellevue to Seattle’s Elliott Bay waterfront,...
Ivar’s Lease Not Renewed at Sea-Tac Airport
Local sea-food restaurant Ivar’s announced today that the Port of Seattle will not be renewing their lease at the Seattle-Tacoma International Airport Central...
Equity Office Sells Plaza at North Creek in Bothell for $35.5MM
Chicago-based Equity Office sold the Plaza at North Creek in Bothell to an entity called MRM North Creek LLC, based in Bellevue, for...
Hines to Develop New 17-Story Summit III Office Tower in Bellevue
By Brittan Jenkins Hines plans to develop a 17-story office tower, Summit III, in the Bellevue central business district, according to plans submitted...
Kennedy Wilson Buys Issaquah Office Complex for $153MM
By Jon Peterson Los Angeles-based Kennedy Wilson has acquired the 587,000 square foot 90 East office complex in Issaquah for $15 million or...
America’s Best Value Inn & Suites in Tukwila Sells for $8.2MM
The America’s Best Value Inn & Suites in Tukwila sold to Sunrise Garden Inn LLC for $8,241,200 in a deal that closed May...
Pike Street Retail Corridor One of the Most Affordable in the U.S.
By Brittan Jenkins Last year, the Pike Street retail corridor had one of the highest rates of rent growth in the United States...
Landmark Designation Complicates 17.8-Acre Laurelhurst Development Site
By Brittan Jenkins With 17.8-acres of private land development now on the market in Seattle’s Laurelhurst neighborhood, the possibilities are endless, so long...