Industry News
Under Armour Closes Flagship Portland Footwear Office, Consolidating Operations in Baltimore
Under Armour is shutting down its flagship Portland office and consolidating the bulk of its footwear innovation and design operations in Baltimore, retreating...
Fully Leased Multi-Tenant Retail Complex at Bonney Lake’s Mountain View Marketplace Sells for $9.2MM
A Florida developer who assembled a pad at one of Pierce County’s most active retail centers, built it out, leased it up, and...
Colossus Data Center Advisors Files Plans for 45,600 SQFT Facility at Seattle’s Starbucks Center
A small advisory firm has filed plans to convert former retail space inside Seattle’s Starbucks Center into a data center — a proposal...
Tacoma Public Schools Files Plans for $42MM IDEA High School in McKinley Neighborhood
Tacoma Public Schools has filed pre-development documents for a new $42 million IDEA High School in the city’s McKinley neighborhood, advancing the most...
Seattle’s Nitze-Stagen Abandons New Office Bets, Doubles Down on Multifamily as Downtown Vacancy Hits 35.1%
Nitze-Stagen & Co., the contrarian Seattle developer that built its name buying office property no one else wanted, has stopped chasing new office...
107-Unit University Place Multifamily Community Listed at $18MM with Below-Market Seller Financing
A 107-unit apartment community in University Place has come to market at $18 million, paired with below-market seller financing designed to hand a...
Receiver Pursues Refinancing Instead of Sale for Tacoma Armory as Tacoma Arts Live Winds Down Operations
Court-appointed receiver Shelly Crocker is pursuing a refinancing of the Tacoma Armory’s nearly $5 million in debt rather than selling the historic 1908...
172-Unit Senior Apartment Building Planned in Downtown Redmond Adjacent to Anderson Park
The ownership group behind a downtown Redmond hotel is pivoting to senior housing, with plans to build a 172-unit, six-story active adult apartment...
Inland Group Plans 294-Unit Affordable Apartment Tower Near Lynnwood Light Rail
Inland Group plans a 294-unit affordable apartment building in Lynnwood on a parking site linked to Nitze-Stagen, less than a mile from the...
Onward Investors Sells 113,500 SQFT South Lind Square Flex Office Park in Renton for $20.8MM
A Mercer Island private buyer has acquired South Lind Square, a fully leased 16-tenant flex office park in Renton, for $20.8 million —...
Intercontinental Real Estate Corporation Sells Roosevelt Commons Office Complex in Seattle’s U-District for $27MM, 83% Discount to 2019 Value
A Seattle-area private buyer has acquired the full Roosevelt Commons office complex in the University District for $27 million — paying approximately $118...
Downtown Seattle Association Report Blames JumpStart Payroll Tax for Downtown’s Decline as Backers Defend $388MM Revenue Engine
A new Downtown Seattle Association report argues that Seattle’s five-year-old JumpStart payroll tax has helped push jobs, employers and office value across Lake...
