Industry News
DivcoWest Expands into Single-Family Rental Sector with $250MM Investment
By Jon Peterson San Francisco-based DivcoWest has joined the ever-growing crowd of institutional capital sources that are placing investment dollars in the single-family rental...
Trent Development Breaks Ground on 268-Unit Project in Seattle
Announces Half Million Dollar Art Program Supporting Local Artists TOD Development focused on Workforce Housing SEATTLE, WA. – April 27, 2021 – Trent Development announced today,...
Regency Centers Secures $197MM Debt Package for 10-Property National Retail Portfolio
(EDITOR’S NOTE: According to sources familiar with the deal, there was one Puget Sound asset part of the portfolio, located at 23632 Highway...
Happy Valley, Oregon Community Sells for $41MM
CBRE has announced the sale of a 132-unit multifamily community in Happy Valley, Ore., The Elwood, to Borello Asset Management, a Northern California-based...
Seattle Labor Temple Association Acquires Office Building for $12.3MM
Seattle Labor Temple Association, Inc. recently purchased a new commercial office building for $12.3 million, according to King County public records. The 40,238-square-foot...
Proposed Mass Timber Residential Project in Seattle’s Capitol Hill Neighborhood Moved Forward to MUP Application
By Meghan Hall A San Francisco-based developer is moving forward with its plans for a 102-unit mass timber residential development in Seattle’s trendy...
Podcast: Chely Wright, Chief Diversity, Equity & Inclusion Officer @ Unispace
On today’s podcast, we have the pleasure of talking with Chely Wright, Unispace’s recently minted first Chief Diversity Equity & Inclusion Officer. Chely brings...
Hilco Spends $16.5MM on JCPenney Ground Lease in Tukwila
By Catherine Sweeney In a $16,510,000 million ground lease agreement, Hilco Real Estate has acquired 92,524 square feet of land beneath a JCPenney...
Tishman Speyer Closes on Deal for Bellevue’s Belle Vista Project for $152.5MM
By Meghan Hall New York City-based Tishman Speyer has officially closed on a deal to purchase a Bellevue development project after entering into...
258-Unit Housing Project in Seattle Commended for Connection to Evolving Neighborhood Context
By Meghan Hall A newly-approved residential project in Seattle’s Othello neighborhood was given the green light to proceed with entitlements after a final...
UW’s Center for Population Health Employs Savvy Design Build Process, Completes Ahead of Schedule and Under Budget
By Meghan Hall Time is money. In the commercial real estate and construction industries, perhaps no phrase holds truer. For the project team...
Premera Blue Cross Sells in Spokane for $7.7MM
SPOKANE VALLEY, WA, April 14, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and...