Commercial
$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...
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,...
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...
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...
Vulcan Buys More Property in South Lake Union for $16MM
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 Buys Production Plant in Bellevue for $31MM
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...
Short the (Department Store) Stock
By John Cumbelich [dropcap]T[/dropcap]he Department Store business model is dead. Macy’s and JC Penney are closing stores by the hundreds. Sears is on...
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...
Parker Smith & Feek Sell Bellevue Office Buildings for $16MM
Insurance brokerage group Parker Smith & Feek Inc. sold two Bellevue office buildings to JB Bellewood LLC associated with June Yoo for $16...
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...
McNellis: Marching Into Madness?
By John McNellis “Cocaine’s for horses, it ain’t for men They say it’ll kill you, but they won’t say when” Cocaine Blues [dropcap]W[/dropcap]hen...
In Seattle, More Sublease Space is Not Worrisome
By Brittan Jenkins For the first time since the first quarter of 2013, the amount of sublease space in the Puget Sound region...