Commercial
Sandstone Inn Econo Lodge SeaTac Sells for $24MM
There is no asset class in the greater Puget Sound-region that is not doing well or selling at the moment. Apartment complexes are...
Chevrolet of Bellevue Property Sells for $24MM
The Smith Automotive Group sold last week the property where its Chevrolet of Bellevue is housed for $24 million. The buyer was a...
Alaska Pension Fund Buys Lynwood Office Property for $42.1MM
Belmont, Calif. -based Embarcadero Capital Partners sold last week one of its Puget Sound assets, this one located 3400 & 3500 188th Street...
LBA Realty Sells Renton Office Park for $54.5MM
Irvine, Calif. -based LBA Realty sold last week its Time Square property in Renton for $54.4 million, or $168 per square foot, to...
Lionstone Sells Three Redmond Lots in Esterra Park for $49.5MM With Repurchase Options
Houston, Tex. -based Lionstone Investments sold three lots in the Esterra Park development community in Redmond’s Overlake district to Lincoln Property Company and...
LaSalle Pays $68MM For Phase I of Industrial Property in Des Moines, WA
By Jon Peterson Chicago-based LaSalle Investment Management has paid $68 million to acquire the 545,859 square foot Des Moines Creek Business Park Phase...
DCT Celebrates 10-Year Anniversary as Major Industrial Market Player
By Jacob Bourne Denver based DCT Industrial marked its 10-year anniversary of becoming a publicly traded company on December 13. The company’s executive...
McNellis: Is Retail’s Middle Earth Flat?
By John McNellis [dropcap]W[/dropcap]e own and develop suburban neighborhood shopping centers within about a two-hour drive of San Francisco. We both build new...
Prudential Sells Bellevue’s Hilton Hotel for $84.2MM
The Prudential Insurance Company of America, sold last week the 353-room Bellevue Hilton Hotel to Bellevue-based WIG Properties for $84.2 million, or just...
DCT Buys Tacoma Industrial Site for $28MM; Plans 1.2MM SQ FT Office/Warehouse Complex
Strong performance of the Puget Sound real estate market continues late into the year, this time with another industrial site in Tacoma selling...
Fourteen Benefit Packages for Seattle’s Convention Center Addition Project
The doubling of the Washington State Convention Center in Seattle is nearing its planning phase, and the project developer, Pine Street Group LLC...
Prologis Pays $136MM for Boeing Field Site in Tukwila
San Francisco-based Prologis has its eyes on the Puget Sound region again. The global industrial property owner and operator paid $136 million to...
