Industry News
Hybrid Future of Work and Gensler’s Take on Evolving Office Design
By Meghan Hall For many, a potential return to the office is on the horizon as multiple vaccines near widespread distribution. As that...
Nicola Wealth Pays $32MM to Buy Single-Tenant Office Building in Redmond
By Jon Peterson Vancouver, B.C.-based Nicola Wealth Real Estate has acquired the 34,873 square-foot Studio 7500 office building in Redmond for $32.5 million, according...
University Place Office Property Trades for $6.5MM
UNIVERSITY PLACE, WA, December 10, 2020– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and...
Mill Creek Announces Leasing Underway at 228-Unit Modera Broadway in Seattle’s Capitol Hill
Mixed-Use Development Community Adds 228 Apartment Homes to Capitol Hill Neighborhood SEATTLE – Dec. 10, 2020 – Mill Creek Residential, a leading multifamily investor and operator...
MG Properties Group Buys Bellevue Apartment Complex for $191MM
By Meghan Hall San Diego, Calif.-based MG Properties Group has scooped up the Liv Bel-Red apartment complex—now known as Vue 22—in a transaction...
Experts: Greatest Challenge to the Construction Industry Isn’t Social Distancing, It’s Available Projects
By Meghan Hall Like many sectors, the commercial real estate industry has faced its fair share of challenges as a result of the...
Downtown Design Review Board Overturns Pivotal Condition, Paves Way for 53-Story Mixed Use Tower in Denny Triangle
By Bekka Wiedenmeyer Persistence paid off this week when the Downtown Seattle Review Board relieved Weber Thompson and Dallas, Texas-based developer Lincoln Property...
MCA Realty Invests in Puget Sound, Buys Lakewood Industrial Assets for $18.2MM
By Meghan Hall Investors are continuing to bet on the Puget Sound industrial market, with out-of-state buyers diving into the market. In a...
Mayor Durkan Announces Additional $55.8MM of Investments for Affordable Housing
City investments made in 2020 will support the creation or preservation of over 1,400 rental homes and homeownership opportunities Since December 2017, over...
Alexandria Brings JV Partner into Seattle Life Science Portfolio for $315MM
Alexandria arranged the off-market, joint venture transaction with Clarion Partners for a 70 percent portion of the life science portfolio in Seattle’s South...
RM Homes Buys Lynnwood Property Under Construction for Residential Development for $11MM
By Meghan Hall A Lynnwood property slated for residential development has sold to a local developer as demand for single-family product continues to...
Kaiser Foundation Buys Kent Retail Property for $15MM
By Meghan Hall As the future of brick and mortar shopping hangs in the balance, an affiliate of Oakland-based Kaiser has bought up...