Industry News
Skylab Architecture, PLACE Celebrate Community Connection through Des Moines Marina Steps
By Bekka Wiedenmeyer The city of Des Moines, Washington is tucked halfway between Seattle and Tacoma in southwest King County. Nearly 32,000 people...
As Environmental Review Proceeds, Plans for Snoqualmie Mill–the Last, Large Undeveloped Parcel in King County–Take Shape
By Meghan Hall As Puget Sound’s economy has exploded, so has development, and available land has been snapped up quickly. Now, plans for...
Security Properties Buys 76-Unit Apartment Complex in Newcastle for $26.7MM
By Catherine Sweeney After last trading hands in 2017, the 76-unit Tria Apartments in Newcastle has a new owner. According to King County...
Glacier Run Phase II in Puyallup Obtains $27.6MM Refinance
SEATTLE, WASHINGTON – Bob Spiro, senior vice president, and Scott Moline, vice president of NorthMarq’s Seattle office completed the $27,575,000 refinance of Glacier...
Oakridge Business Park One in Redmond Sells for $14.2MM
REDMOND, WA, November 1, 2021 – The Leibsohn Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales,...
Everett Airport Commerce Center Building Sells for $3,600,000
EVERETT, WA, November 1, 2021 – The Leibsohn Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales,...
Woodspring Suites Portfolio in Washington Sells for $88MM
Sale of Five Properties Marks a New Price-Per-Key Record for Woodspring Suites Brand SEATTLE – Nov. 1, 2021 – CBRE announced the sale of...
PropTech: Prescient Leverages Replicability of Hospitality and Multifamily Development to Create Efficiencies in Construction
By Meghan Hall As construction costs continue to rise, new tech is evolving in an effort to streamline processes and budgets. At Prescient,...
Report: Student Housing Demand Expected to Increase Over Ten-Year Period
By Catherine Sweeney The student housing market has been a consistent stream of revenue for U.S. investors, with students across the country enrolling...
Cushman & Wakefield Makes Strategic Investment of $150MM in WeWork
Investment follows creation of exclusive strategic partnership to create new offerings for real estate owners and occupiers CHICAGO – Cushman & Wakefield (NYSE:...
Abacus Capital Group Spends $27.55MM to Buy Seattle Apartment Complex
By Meghan Hall Abacus Capital Group is continuing to add to its Puget Sound Portfolio, and on October 22nd closed on a deal...
South Lake Union Asset in Seattle Hits Market with ~$45MM Pricing Guidance
By Jon Peterson An entity associated with Seattle-based Stephen Grey & Associates has decided to place on the market for sale the 75,267...