Industry News
Blackstone Buys Simply Self Storage for $1.2B, Two Assets in Seattle
EDITOR’S NOTE: The acquisition includes two locations in Seattle, located in Ballard (2811 NW Market Street) and Interbay/Queen Anne (1602 15th Avenue West)....
240-Unit Apartment Complex Proposed for Transitioning Seattle Neighborhood Called Back for Second EDG
By Meghan Hall It can be difficult—given Seattle’s rapid growth—to predict how a neighborhood will look long-term, putting architecture firms to the test...
Mayor Durkan Statement on Sound Transit’s Unanimous Vote to Transfer Properties to City of Seattle at No Cost for the Development of Approximately 150 Affordable Homes in Rainier Valley
Seattle (October 22, 2020) – Mayor Jenny A. Durkan celebrated the Sound Transit board’s unanimous vote to authorize the transfer of ten surplus properties in Rainier Valley to the City of Seattle at no cost, for affordable...
New Home Sales Are Unstoppable: Up 46.9% Year-Over-Year According To Zonda
COSTA MESA, Calif., October 22, 2020 — Today, the experts at Zonda, the housing industry’s foremost advisors, released the New Home Pending Sales Index (PSI) for...
New Gateway Office Building in Issaquah Wraps Construction and Sets Stage for Future Development
By Meghan Hall Development is booming in Issaquah as investors and developers look to keep up with demand, and at the end of...
At Long Last, A Truly Final 2021 Energy Code
By Lauren Urbanek It’s been a long time coming, but we now have a final 2021 International Energy Conservation Code (IECC) for new...
77 Percent of Metros Post Double-Digit Annual Home Price Gains in Q3 2020
Profit Margins Hit New Highs Even as Coronavirus Pandemic Damages National Economy; Margins Increase in Almost 90 Percent of Markets Across Nation; Median...
“Bet on Seattle”: Seattle Office Market Remains Quiet, but Long-Term Outlook Remains Strong
By Meghan Hall By many accounts, the third quarter in Seattle simply brought about an extension of conversations that have governed the year...
Harsh Investment Properties Spends $14.7MM on Auburn Industrial Property
By Meghan Hall Investor appetite for Puget Sound industrial product has continued to hold into the end of the year. In a transaction...
Newmark Knight Frank Becomes “Newmark”; Rebranding Reflects Future-Facing Company Vision
Revamp combines a new brand strategy and visual expression Newmark Group, Inc. (NASDAQ: NMRK), a world leader in commercial real estate (CRE) services, today...
Marcus & Millichap Enters Into a Definitive Agreement to Acquire Mission Capital
Addition Broadens Capital Markets Services with Loan Sales, Loan Advisory Services and Expanded Structured Financing Capabilities CALABASAS, Calif., October 19, 2020 – (Marcus...
Charlie’s Produce Invests in Seattle, Spends $17MM on Industrial District Properties
By Meghan Hall Charlie’s Produce, an independent fruit and vegetable distributor, has made a big investment in Seattle, closing on a $17 million...