Commercial
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...
Amazon Leases Touchstone’s 300,000 Square Foot Tilt49 in Denny Triangle
The $85 million LEED Silver, Class A office project Tilt49, developed by Seattle-based Touchstone, built by Minneapolis, MN-based Mortenson Construction and designed by...
Holland Partner Group Sells 11-Property Western State Portfolio to Starwood Capital
Vancouver, WA -based Holland Partner Group has sold a portfolio of 11 apartment properties spread across 4 western states to Greenwich, CT -based...
Blackstone Sells Office/Flex Property in Redmond for $75.2MM to Kennedy Wilson
By Jon Peterson New York City-based The Blackstone Group has sold the four-building 422,000 square foot Willows Commerce Park in Redmond for $75.2...
Gensler’s Design Forecast Fosters Connection Across Industries and Sectors
By Jacob Bourne Gensler, a global architecture, design and planning firm founded in 1965, used to have the commonplace practice of releasing an...
Vulcan Puts 428 Westlake in South Lake Union for Sale; Could Fetch mid $800/SQFT
By Jon Peterson Seattle-based Vulcan has put on the market for sale the 88,000 square foot 428 Westlake Avenue North office building in...
A Q&A: Tony Kusak of Cushman & Wakefield Commerce
By Brittan Jenkins As a key member of Seattle's Industrial Services team at Cushman & Wakefield Commerce, Tony Kusak, SIOR, joined our Q&A...
Chinese Investors Still Seeking West Coast Assets Despite Hurdles
By Jacob Bourne According to a February news report by Realogics Sotheby’s International Realty, at the end of 2016, China’s State Administration of...