Industry News
Seattle Design Review Board Approves 129-Unit Belltown Project
By Scott Anderson Last week Seattle’s Downtown Design Review Board held a meeting to discuss and vote on the approval of the new...
Miami-Based Crescent Heights Extends Its Seattle Footprint with $21.5MM Buy
By Vladimir Bosanac Development opportunities and sites across Seattle’s central business district are becoming fewer in number, and one active development company is looking...
Autodesk to Acquire Cloud Based Estimating Company ProEst
ProEst will join Autodesk to strengthen its preconstruction offering and connect the project cost lifecycle within Autodesk Construction Cloud SAN FRANCISCO, Dec. 16, 2021 — Autodesk, Inc....
Principal Pays $57.4MM to Acquire R&D Asset in Hillsboro, Ore.
By Jon Peterson Des Moines, Iowa-based Principal Real Estate Investors has closed on the acquisition of the 195,546 square foot Hitachi Hillsboro R&D facility...
Schnitzer West Acquires Last Piece of Development Site for $29MM, Plans 430,000 SQFT Class A Office Complex
(EDITOR’S Note: According to public records, Schnitzer West paid $29 million for 551 and 619 Roy Street. The deal closed yesterday. Schnitzer West...
Lowe Tops Out 550-Unit Mason and Main Apartment Development in Seattle’s Yesler Terrace
SEATTLE–Lowe, a national real estate developer, investor and manager, has topped out the second of two nine-story towers totaling 550-apartments with approximately 6,800...
211-Unit Marymoor Park Transit Oriented Development Site in Redmond Sells for $14.25MM
Seattle, Wash. (December 15, 2021) – A prime mixed-use apartment development site adjacent to Marymoor Parkin Redmond, Washington sold today in a transaction structured...
$149MM in Funding Approved for SEATAC’s Main Terminal Renovation
The Port of Seattle Commission approved the first step toward the multi-phase modernization of the main terminal at Seattle-Tacoma International Airport (SEA) yesterday...
PGIM Acquires 166-Unit Senior Housing Community in Tukwila for $85MM
By Catherine Sweeney Not long after completing construction, Marvelle at Southcenter, a 166-unit senior housing community in Tukwila has sold for $85 million,...
Security Properties Buys SEA MSA Apartment Portfolio for $198.75MM
By Meghan Hall Multifamily deal volume continues to gain momentum, even as 2021 comes to a close. In two deals that just recorded...
Nitze-Stagen Kicks off Redevelopment of 44,500 SQFT South Lake Union Factory @ 760 Aloha
Seattle, WA. – December 15, 2021 – Nitze-Stagen a Seattle real estate and development firm, announced today the commencement of an adaptive reuse construction project...
StoryBuilt & Partners Group Enter Into a $1B Real Estate JV, Will Target Seattle
AUSTIN, Texas–StoryBuilt, an urban infill specialist developing communities in four of the fastest growing real estate markets in the country, announced today that...
