Finance
Blackstone Re-enters Seattle Market with 38-Building Suburban Office Acquisition
By Jon Peterson New York City-based Blackstone Group has made its first investment in the Seattle market in several years with the acquisition...
Costco Buys Redmond Plot for $16MM
Costco Wholesale has been reported as the buyer of a 15.4-acre plot of land in southeast Redmond, just south of Union Hill Road....
Property in Seattle Part of $175MM Investment in Student Housing Portfolio Deal with Principal
By Jon Peterson Des Moines, Iowa-based Principal Real Estate Investors has made an investment in the 196-unit Identity student housing property in Seattle...
Kilroy Plans $375MM Development in South Lake Union
By Jon Peterson Los Angeles-based Kilroy Realty Corporation is planning a new office development at 333 Dexter in South Lake Union. According to...
Alexandria Adds to Exposure in South Lake Union With Land Purchase and New Development
By Jon Peterson Pasadena, Calif.-based Alexandria Real Estate Equities is expanding its office building presence in the South Lake Union sub-market of Seattle...
Blackstone Buys 20 Eastside Properties for $208MM
Blackstone is the reported buyer of a portfolio of office buildings across the Eastside area, mainly in Redmond and Bothell. The purchase follows...
2201 Westlake Sells for Record $251MM
Glendale, Calif. -based American Realty Advisors and its partners are the new owners of 2201 Westlake office building in downtown Seattle, and they paid a...
Seattle Hotel Market Showing Strong Performance and Attracting New Capital Sources
By Jon Peterson The Seattle hotel market is showing off a very strong performance and is attracting new investment players in the region....
TIAA-CREF and Holland Earn 4% Cap Rate on Sale of Premiere on the Pine
By Jon Peterson New York City-based TIAA-CREF and Vancouver, Wash.-based Holland Partner Group traded the 386-unit Premiere on the Pine apartment complex at...
Record Price in Seattle’s University District for Unpermitted 65 Foot Zoned Land
By Jon Peterson There has been a new record price established in Seattle for unpermitted 65 foot zoned land in the University District...
Grosvenor Sells Redmond Apartment for $43MM
By Jon Peterson Grosvenor Americas has sold the Peloton Apartments in Redmond for $43 million to San Mateo, Calif.-based G.W. Williams Co. The...
Sequoia Equities Expands into Seattle Apartment Market with $93MM Buy
By Jon Peterson Walnut Creek, Calif.-based Sequoia Equities makes its first apartment deal in the Seattle market with the $93 million acquisition of...