Industry News
36-Unit Multifamily Community in Shoreline Sells for $8.9MM
Costa Mesa, CA (April 27, 2022) — The Mogharebi Group (“TMG”), representing the local seller, Bode, has achieved the record setting price per unit with...
Kirkland Commercial Complex Sells for $40MM
By Meghan Hall Northwest Building LLC, a Kirkland-based commercial property firm, has made an acquisition in its home town. In a deal that...
Five-Story Affordable Housing Project in Seattle’s Green Lake Neighborhood Met with List of Conditions from Design Review Board
By Meghan Hall An affordable housing project in Seattle’s Green Lake neighborhood has narrowly cleared design review after the Northwest Design Review Board...
Nike Plans 1MM SQFT HQ Building Named for Serena Williams in Beaverton, Ore.
The LEED Platinum–certified Serena Williams Building demonstrates Nike’s commitment to championing athletes. The 1-million-square-foot building signifies Nike’s biggest investment in design and creativity....
Tacoma’s Super Block Development Sites Hit the Market with $17.375MM Pricing Guidance
April 28, 2022 (Tacoma, WA) – On the market for the first time in decades are the Tacoma Super Block and the 12th & A...
Washington State Allocates Additional $750MM into Partnerships with Major Industrial Holdings
By Jon Peterson Pension funds are continuing to expand their commercial real estate allocations allocating sizable funds to the sector across the country. Washington...
Hudson Pacific Acquires Washington 1000 in Seattle for $85.6MM
LOS ANGELES— Hudson Pacific Properties, Inc., a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these...
Retail Power Center in Mount Vernon, Wash., Trades for $18.4MM
SEATTLE – April 27, 2022 – CBRE announced the $18.4 million sale of Skagit Valley Square, a 166,800-sq.-ft. retail power center in Mount Vernon,...
Skanska’s Future Plans for Bellevue Made Clearer with $18.8MM Acquisition of New Development Site
By Meghan Hall Skanska continues to make plans in Bellevue as the Eastside’s construction boom carries on. In a deal that closed this...
Design Review Board Recommends 6-Story Apartment Building in Seattle Return for Second Early Design Guidance Meeting
By Bekka Wiedenmeyer Seattle’s University District Northwest Urban Center Village neighborhood has long been a combination of older single-family homes, low-rise commercial buildings,...
$55.2MM of Permanent Financing Secured for Seattle’s 197-Unit Rooster Apartments
Fixed Rate 10-Year Life Company Loan Refinances Stabilized 197-Unit Class A Multifamily Property; Multifamily Mortgage Capital Availability Remains High with Rates Still Holding...
Blackstone Real Estate to Acquire PS Business Parks for $7.6B
GLENDALE, Calif. and NEW YORK–PS Business Parks, Inc. (NYSE:PSB) (“PSB” or the “Company”) and Blackstone (NYSE:BX) today announced that they have entered into...
