Industry News
Geo Queen Anne Project in Seattle Receives $47.6MM Construction Loan
SEATTLE – Oct. 22, 2021 – CBRE has announced a $47.6 million loan for the construction of Geo Queen Anne, a 168-unit multifamily community...
Report: Increased Transportation Costs Lead to Record High Industrial Demand Across the U.S.
By Catherine Sweeney Industrial leasing activity across the U.S. has been soaring to new records as a result of supply chain backlogs and...
Lake Union Partners Sells Seattle’s Stencil Apartments for $18.5MM
By Meghan Hall Lake Union Partners has sold off the Stencil Apartments in Seattle, closing on the $18.5 million deal this past week....
Magnolia Apartments in Seattle Sold for $19.5MM
By Meghan Hall California investors continue to pour money into the Puget Sound investment market as the region’s economy grows. In a deal...
Glacier Run Phase II in Puyallup Refinanced for $27.57MM
SEATTLE, WASHINGTON (October 21, 2021) – Bob Spiro, senior vice president, and Scott Moline, vice president of NorthMarq’s Seattle office completed the $27,575,000 refinance of...
JLL Announces Acquisition of Building Operations Tech Company Building Engines for $300MM
Acquisition to expand reach and extend open ecosystem of advanced property management platform for real estate investors and operators CHICAGO, Oct. 21, 2021 – JLL...
Security Properties Buys Kent’s Midtown 64 Apartments for $141.1MM
By Meghan Hall Security Properties has once again added to its already prolific Washington property portfolio. In a deal that closed yesterday, the...
WeWork, BowX Acquisition Corp. Announce Closing of Business Combination to Create Publicly-Traded Flexible Space Provider
WeWork to begin trading on the New York Stock Exchange under the ticker symbol “WE” starting October 21, 2021 Business combination that closed...
As Designs for New 10-Story Office Building in South Lake Union Take Shape, Review Board Asks: “What About Lab Space?”
By Meghan Hall Another new office project is in the works in Seattle’s South Lake Union neighborhood, adding to change in the area....
Newmark Hires Mike Smith as Northwest Market Leader
San Francisco, CA — Newmark¹ announces it has hired Mike Smith as Executive Vice President and Market Leader of its U.S. Northwest region. Smith, who takes...
Seattle’s Northgate Executive Center Trades Hands, Sells to Nicola Wealth for $72.3MM
By Meghan Hall Assets around the Puget Sound continue to trade hands. In another deal, Seattle’s Northgate Executive Center sold for $72.3 million,...
Work to Begin on 115,000 SQFT Resort Hospitality Project in Orondo, Wash.
Inn & Spa at Rocky Pond Project to Leverage GenCap’s Strong Hospitality Talent and Integrated Project Delivery Services as Growing Firm Continues to Expand Kirkland,...
