Commercial
Heitman to Earn Low Four Cap Rate on Dimension Acquisition
By Jon Peterson Chicago-based Heitman will be achieving a 4.2 percent cap rate on its purchase of the 298-unit Dimension by Alta apartment...
Berkshire To Seed New Investment Fund with Assets in San Jose and Seattle
By Jon Peterson Boston-based The Berkshire Group has seeded its new investment fund with properties in San Jose and in the Seattle area,...
TruAmerica Pays $36MM to Buy Apartment in Renton
By Jon Peterson Los Angeles-based TruAmerica Multifamily paid $36.75 million or $181,000 per unit to buy the 202-unit Windsor Apartment Homes in Renton....
Belltown’s Dimension Building Sells for $144MM
Chicago-based real estate investment management firm Heitman has been named as the buyer of the Dimension apartment building in Seattle’s Belltown area. The...
Hyatt Flags New Hotel in Emerging Renton Neighborhood
By Neil Gonzales Chicago-based Hyatt Hotels Corp. announced on Tuesday that the $197 million hotel being built in South Lake Washington by Renton’s...
McNellis: Doing it on the Side
Making it in Real Estate Part Two: Doing it on the Side (Moonlighting) Are we in the wrong business? On the “Best Jobs...
Seattle Arena Gains Design Approval, Street Closure Recommendation
By Nancy Amdur A proposed sports arena for Seattle cleared two significant hurdles this month, gaining unanimous approval for the project from both...
Dwindling Office, Industrial Vacancy Spurs Launch of Online Space Trading Service
By Nancy Amdur As office and industrial space in many markets gets increasingly difficult to find, a real estate Web site is launching...
While Expedia Leaves Bellevue for Seattle, Other Tech Firms are Moving to the Eastside City
By Neil Gonzales A big-time technology firm is leaving Bellevue, but the city remains a top destination for innovation. In April, online travel...
McNellis: Back to School
By John McNellis Whether a lawyer, architect, engineer or broker, a young professional in real estate often hears expressions—some slang, others simply arcane—that...
Canadian Pension Plan Establishes New Relationship with Kemper Development
By Jon Peterson Toronto-based Canada Pension Plan Investment Board has made its first investment with Bellevue-based Kemper Development Company on providing a $526...
Robust Puget Sound Job Growth Drives Real Estate to Boomtown Pace
By Neil Gonzales It’s no secret that where there’s job growth there’s development, and Puget Sound has plenty of both. “Clearly, job growth...