Industry News
Report: CRE Development and Operations Contributes $1T to U.S. Economy, Economic Recovery Tied Closely to Vitality of National Construction Sector
By Meghan Hall 2020 marked the end of the longest economic expansion in United States history, unexpectedly pumping the brakes on 128 months...
167-Unit Residential Project Pitched for Capitol Hill Questioned for “Unrelenting” Massing, Asked Back for Additional Review
By Meghan Hall For the second time within a few weeks, Koz Development has faced Seattle Design Review Boards. While a previously proposed...
Quality Inn and Suites in Seattle Trades for $24.5MM with Potential Redevelopment Plans in Tow
By Meghan Hall A Quality Inn & Suites near Seattle Center has sold as plans for its redevelopment fall into place. Fresno, Calif.-based...
PropTech: According to Digital Infrastructure Provider essensys, Flexible Workspaces Hold Opportunity Post-COVID-19
By Meghan Hall At present, many flexible workspaces are struggling as the pandemic wears on, but for one long-time player in the industry,...
East Coast-Based Property Management Company Leaps West, Targets Gateway Markets
By Meghan Hall After more than 30 years building relationships on the East Coast, property management firm Bozzuto is pursuing national expansion. This...
Sound Transit Boards Unanimously Vote to Transfer Rainier Valley Properties to City of Seattle at No Cost
Seattle (February 25, 2021) – Mayor Jenny A. Durkan issued the following statement upon the Sound Transit Board’s unanimous approval to transfer 10 Sound Transit properties at no cost to the City...
Kennedy Wilson puts Two Bellevue Assets up for Sale with Pricing Guidance of $185MM
By Jon Peterson Los Angeles-based Kennedy Wilson is in the process of marketing two properties it owns in Bellevue, and the combined pricing...
Terreno Realty Acquires Property in Kirkland for $33.8MM
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located...
Fortress Investment Group Buys SoDo Property in Seattle for $12.87MM
By Meghan Hall Investor interest in well-located properties near Seattle’s developing downtown remain high, as potential buyers plan for a post-pandemic future. In...
Alexandria Pays $200MM for Bothell’s Canyon Park Business Center
By Meghan Hall After years developing centrally located properties near downtown Seattle, major life sciences developer Alexandria Real Estate Equities has turned its...
354-Unit Affordable Housing Development and 100-Bed Men’s Shelter Pitched for 9-Acre Site in Bellevue
By Meghan Hall Plans for affordable housing and a permanent men’s shelter are taking root in Bellevue. Congregations for the Homeless (CFH), the...
Buchanan Street Partners Pays $22MM for 102,450 SQFT Self-Storage Facility in Portland
Portland, OR (February 25, 2021) – Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, has acquired a recently constructed three-story,...