John McNellis, McNellis Partners, Safeway, Cerebrus Capital, Silicon Valley, Palo Alto, retail, private equity, layoffs, operational efficiency

McNellis: In Praise of Inefficiency

By John McNellis A lender on one of our projects wrote last week, demanding we post an $800,000 letter of credit to further secure its...

J.P. Morgan Makes $75.9MM Net Fund Equity Investment into Stack House Property

By Jon Peterson The J.P. Morgan Strategic Property Fund has made a $75.9 million net fund equity investment into the Stack House mixed-use property in...

Bellevue’s Star Continues to Shine, and Leasing Activity Picks Up

By Jack Stubbs Leasing activity for the first two quarters of this year in Bellevue, Seattle’s largest satellite city, is often viewed in relation to...

Shaped by Tech Demand, Seattle Leasing Activity Soars

By Jack Stubbs It will come as little surprise to anyone tracking the Puget Sound commercial real estate marketplace that leasing activity in all of...

Pearlmark Plans to Target Seattle for New Mezzanine Fund

By Jon Peterson Chicago-based Pearlmark Real Estate is planning on seeking out investment opportunities in San Francisco and Seattle for its latest commingled fund, Pearlmark...

TIAA-CREF Adds to Seattle Portfolio with Apartment and Retail Deals

By Jon Peterson New York City-based TIAA-CREF has increased its real estate exposure in the Seattle region with apartment and retail acquisitions. Rich Kimble, senior director...
Seattle, Living Building Challenge, Seattle 2030 District, Miller Hull Partnership, Seattle's 2030 Challenge Pilot Program

Following KKR Infusion, Drawbridge to Seek Opportunities in Seattle

By Jon Peterson San Francisco-based Drawbridge Realty is now interested in buying properties in Seattle, following last week’s announcement of recapitalization by New York City-based...

Skanska-Hunt Joint Venture Wins Seattle’s $1.6B Washington State Convention Center Job

Hunt Construction Group and Skanska have reportedly secured the Washington State Convention Center enlargement project set to be worth around $1.4 billion. The project is likely...

Deutsche Management Buys Office Building in Pioneer Square for $34MM

By Jon Peterson New York City-based Deutsche Asset & Wealth Management has paid $34 million or $465 per square foot to buy the 73,000 square...

Bentall Kennedy to Have Single Owner, Continue to Target Seattle Investments

By Jon Peterson Toronto-based Bentall Kenndy Group is now planning to be owned by a single institutional capital source with yesterday’s announcement of its planned...

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