Industry News
CalPERS Allocates $2B of Additional Capital for Retail Partnership with First Washington
By Jon Peterson While the retail sector has been one of the hardest hit during the global COVID-19 pandemic, there are signs that...
Three Tacoma Apartment Deals Fetch $73MM in Combined Sales and $57.7MM in Financing
BELLEVUE, Wash., IRVINE, Calif. and SEATTLE – June 15, 2022 – Berkadia announced today the $73.425 million in combined sales and the $57.72 million...
Vulcan’s 11-Story Commercial Development in Seattle’s South Lake Union Unanimously Approved at EDG Meeting
By Jack Stubbs Local developer Vulcan Real Estate’s portfolio includes a significant number of properties in the ever-active South Lake Union neighborhood. Earlier...
125-Unit Transit-Oriented Development Planned for Des Moines by GIS and New Core JV
Mixed-use complex represents latest workforce-housing development for burgeoning Des Moines community; project owners, designers adding 125 units of market-rate apartments, robust amenities to...
LMC Announces Opening of 548-Unit Ovation in Seattle
Two-tower Community Introduces 548 Luxury Homes on First Hill SEATTLE, Wash. – June 16, 2022 – LMC, a leader in apartment development and management,...
Kaylan Hospitality Sells 154-Room Hilton Garden Inn in Lynnwood for $31.8MM 
By Catherine Sweeney Following a long pause in travel during the onset of the COVID-19 pandemic, hospitality properties across the Puget Sound have...
Vulcan Real Estate Moves Ahead With Planned 289,000 SQFT Commercial Development in Seattle 
By Catherine Sweeney After returning to Seattle’s West Design Review Board for its second Early Design Guidance (EDG) meeting, Vulcan Real Estate has...
Report: Puget Sound Multifamily Market Dynamics Display Economic Resilience
By Natalie Nagy After the projected health and vibrancy of multifamily housing in the first quarter of 2022, all eyes were on the...
PEF Advisors Closes $100MM Affordable Housing Investment Fund
IRVINE, Calif. – June 7, 2022 – Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving...
312-Unit, Two-Tower Mixed-Use Project by OneLin Capital Corporation Moves Forward in Seattle
By Catherine Sweeney A massive two-tower development planned for Seattle’s University Commercial District is taking another step forward, following a meeting with the...
Cadman Materials Offers up for Sale Site in Bellevue with Potential Pricing of $120MM to $130MM
By Jon Peterson The recent activity in commercial development across the Eastside has provided opportunities for owners to explore selling excess land parcels. Redmond-based...
Clark | Abbott Top Out Behavioral Health Teaching Facility at the University of Washington’s Medical Center-Northwest in Seattle
SEATTLE (June 14, 2022) – Structural steel is complete on the new Behavioral Health Teaching Facility at the University of Washington Medical Center-Northwest...