Industry News
As Stabilization Repairs Continue, Mayor Durkan Announces Decision for Seattle Department of Transportation to Pursue Repair of the West Seattle Bridge
Traffic could be restored by mid-2022, Work Will Begin Following Completion of Stabilization on the West Seattle High Rise Bridge SEATTLE (November 19, 2020)...
Microsoft Pledges $65MM to Create 1,000 Affordable Units Across Greater Seattle
Nearly two years into Microsoft’s Affordable Housing Initiative, it has become apparent that in order to close the affordable housing gap in our region...
Vanbarton to Buy Microsoft-Leased Office Asset in Redmond for $215MM
By Jon Peterson New York City-based Vanbarton Group has agreed to acquire the 536,958 square foot Millennium Corporate Park in Redmond. The purchase...
Let Clint Eastwood Rightsize Your Real Estate Footprint
By Gabe Burke Corporate real estate is headed for a showdown. A fear once deemed insignificant is now impossible to ignore. Many leaders...
New Anderson Park Hotel in Redmond Embraces Pacific Northwest Design—and Pandemic Restrictions
By Meghan Hall The coronavirus pandemic has put a huge strain on the hospitality industry, prompting hoteliers and property owners to strongly rethink...
Clise Properties Buys Bellevue Retail Asset for $28.3MM as Market Remains Resilient
By Meghan Hall Clise Properties, a Seattle-based development company who has operated in the region for more than 100 years, has purchased an...
As New Players Enter the Market, Expert Says the Key to Successful Life Sciences Projects is Finding the Middle Ground
By Meghan Hall The life science industry has exploded in recent years, its rise further catalyzed by its stability during the last eight...
Puyallup Tribe of Indians Buys Fife Apartment Complex for $13.6MM
By Meghan Hall A brand-new residential complex in Fife, Wash., has traded hands. According to public records, The Lux at Fife has sold...
Apartment Development Site in UW’s Greek Row Sells with Plans & Permits in Place for 36-Bedroom Student Housing Project
Seattle, Wash. (November 16, 2020) – A University District townhome development site, located at 4741 18th Avenue NE in Seattle, Washington, has sold...
CenterPoint Adds Rail-Served Property To Its Port Of Tacoma Cluster for $7.2MM
(EDITOR’S NOTE: According to public documents, CenterPoint purchased the property for $7.2MM from Gig Harbor, Wash.-based Sonatore Port Holdings LLC.) OAK BROOK, ILLINOIS...
Podcast: Mark Whiting, CEO of Drawbridge Realty
We sit down today with Mark Whiting, the co-founder, chairman and CEO of San Francisco-based Drawbridge Realty. Drawbridge is a real estate investment and...
PropTech: Vero Leasing on What CRE’s Swell of New Tech Could Mean for Residential Tenants and Landlords
By Meghan Hall Vero Leasing is a cloud-based platform designed to enable those within the multifamily industry to complete lease applications in a...
