Industry News
Gridiron Retail Space on Iconic Seattle Corner Sells for $5MM After Four Years of Vacancy
Seattle, Wash. (January 12, 2022) – The ground-floor commercial condo at the Gridiron Condos in Pioneer Square has sold for $5 million in...
Invesco Plans to Exceed Last Year’s Commercial Real Estate Transaction Activity Topping $11B
By Jon Peterson Dallas-based Invesco Real Estate is expecting to have a very active year in 2022 investing in properties across the country,...
Report: Seattle’s Office Market Sees Clear Trends–and Uncertainties–Persist
By Meghan Hall Like many urban areas, Seattle’s core office market recorded another slow year in 2021, highlighting the sticky nature of the...
Seattle Multifamily Development Site Changes Course, Seeks $9.8MM Pricing
By Jon Peterson While the multifamily market across the greater Puget Sound region continues to attract investors from across the country, shovel-ready development projects...
Report: Investors Should Proceed with Cautious Optimism in 2022
By Catherine Sweeney Coming back from a challenging market in 2020, the commercial real estate industry began 2021 with a lot of momentum...
Report: Outlook for Eastside’s Commercial Office Market Positive as Big Tech’s Domino Effect Remains in Motion
By Meghan Hall The Eastside’s commercial office market had so much momentum prior to the pandemic, that even as COVID-19 spread, it was...
On Inc. Signs Up for 30,000 SQFT Expansion at Tanner Point in Portland
Full-Floor Expansion Brings Tanner Point to 100% Leased Portland, Ore. – January 10, 2022 – CBRE Investment Management, on behalf of one of its...
Seattle Industrial Property Home to Grand Central Bakery Sells for $10.475MM
SEATTLE, WA, January 7, 2022 – The Leibsohn Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in commercial investment...
Summit at Hyland Park Located in Beaverton Sells for $47MM
PORTLAND, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the $47 million sale of Summit at Hyland Park, a 137-unit, value-add,...
Elion Expands Last-Mile Portfolio with $245MM in Acquisitions Across Key Coastal Markets
January 10, 2022 – Elion, a vertically integrated, private equity real estate investment firm, today announced a series of acquisitions totaling 1.2 million square feet...
Hines Raises $590MM for New Tactical Fund, Targets Top 30 U.S. MSAs
Hines U.S. Property Recovery Fund with a total target of $1 billion, secures $590 million at first closing and undertakes two initial acquisitions...
Mukilteo’s Sterling Business Park Sells for $25MM
By Meghan Hall An office park in the Seattle suburb of Mukilteo has traded hands amidst an increase in commercial real estate activity...