Industry News
Amazon and Sound Transit Announce a $100MM Commitment to Create ~1,200 Affordable Housing Units Near Light Rail Stations Across the Puget Sound Region
Unique transit-oriented development approach to affordable housing promotes diverse, connected, and sustainable communities New transit-oriented deal is part of Amazon’s more than $2...
Galena Equity Partners to Assume Majority Interest in $300MM Tacoma Town Center Project After City Approval
By Meghan Hall A massive, seven-phase project at the heart of Tacoma’s downtown can now move forward after City Council action agreed to...
Terreno Realty Corporation Acquires Property in Renton for $7.6MM
(EDITOR’S NOTE: According to public records, the property is developed with a 14,620 square foot warehouse originally constructed in 1963. The lot totals...
Urban Renaissance Group Explores Expansion for the 14-Acre Cascade Yard Office Campus in Bellevue
Possible Addition of New Office Space, Street-Level Activations and Multi-Family Housing Being Considered for Existing 297K+ SF Commercial Office Campus Bellevue – Seattle-based commercial...
Seattle Times Property in Bothell Trades Hands for $10MM
By Meghan Hall Another portion of the Seattle Times’ former offices in Bothell has traded hands as multiple developers plan to reposition the...
Washington State Convention Center Addition Project Tops Out; One Year of Construction Remains
SEATTLE – June 14, 2021 – The Washington State Convention Center (WSCC) recognized a major milestone in the construction of the Addition project, also...
MCR Hotels Buys Renton Residence Inn for $41.8MM
By Meghan Hall In recent weeks, a number of hotels across the Puget Sound have sold, and another recent transaction has been added...
King County Purchases Extended Stay America in Renton for $28.6MM
By Catherine Sweeney Looking to provide additional housing for its homeless population, King County recently acquired a 67,842-square-foot hotel in Renton. According to...
34-Unit Goodwin Condominiums in Seattle’s Belltown Reintroduced to Market
An inflection point in downtown Seattle condominium sales spurs the region’s first apartment conversion following a substantial renovation of the boutique, concrete-and-steel mid-rise...
RISE Properties Trust Acquires the Preserve at Sunnyside Apartments for $28.2MM
Residential Community Purchase Marks 29th Acquisition for RISE (EDITOR’S NOTE: The property sold for about $261,111 per unit.) Portland — RISE Properties Trust (“RISE”) a...
Wright Runstad, Brookfield Strike Another Spring District Deal: GIX Building Trades for $85MM
By Meghan Hall Brookfield is continuing its prolific investment into Bellevue’s Spring District. In a deal that closed yesterday, June 10th, Brookfield Properties...
Small-Scale Apartment Transactions Continue to Dominate Market as Renton Complex Sells for $13MM
By Meghan Hall Over the past year, while institutional money may has pressed the pause button, smaller private property owners and high-net-worth individuals...