Finance
Unico Properties to Capitalize on Action Surrounding Smith Tower
By Kristin Bentley Unico Properties announced on Wednesday that it will be renovating the 35th floor of the iconic Smith Tower, Seattle’s oldest...
Tacoma Shopping Plaza Sells for $26.7MM To Local Investor
By Kristin Bentley An entity related to Irvine-based real estate investment company, Passco Companies, sold a Pierce County shopping plaza late last month...
China Vanke Joins Laconia on $200MM Apartment Project in Seattle
By Jon Peterson China-based China Vanke Co. and Walnut Creek, Calif.-based Laconia have joined forces on a $200 million apartment development project in...
Experts Say Apartment Building Owners to Feel Biggest Burden From New Seattle Housing Levy if Passed
By Kristin Bentley After it passed the Seattle's city council vote last Monday, a new housing levy increase is set for general election...
Vulcan puts Amazon Building on the Market
By Jon Peterson Seattle-based Vulcan Real Estate has placed on the market for sale the 317,000 square foot Amazon phase 8 property in...
Apartment Rental Rate Growth has Peaked, According to Research from Heitman
By Jon Peterson The rental rate growth for apartments has peaked in many of the major apartments markets including San Francisco and Seattle,...
TIAA Acquires Mercer Island Apartment Complex for $97MM
By Kristin Bentley New York-based Teachers Insurance and Annuity Association (TIAA) acquired its sixth multifamily development in the Puget Sound region last Thursday....
Condo Market in Seattle Continues at Slow Progression
By Kristin Bentley Over the last five years there have consistently been approximately ten times as many apartments built in the Puget Sound...
KBS In Contract to Buy Westpark Business Park in Redmond for $128MM
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DivcoWest gets $75MM Commitment From Texas Pension Fund
By Jon Peterson San Francisco-based DivcoWest Properties has received a $75 million commitment from the Texas Municipal Retirement System for its newest commingled...
SARES REGIS Gets $50MM Commitment for New Apartment Fund
By Jon Peterson Irvine and San Mateo-based SARES REGIS Group has received a $50 million commitment from the Ohio Bureau of Workers Compensation...
Jackson Square Properties Makes One of Vancouver’s Largest Buys for $35.3MM
By Kristin Bentley Last month Vancouver saw one of its highest transactions over the last year, with the buyer entering the Washington market...