Industry News
Prologis Buys Edgewood Parcel for $16MM as it Preps for Redevelopment
By Meghan Hall Prologis has made an investment into the City of Edgewood as its plans for future development in the growing suburban...
Bridge33 Capital Spends $17.7MM on Renton’s Oakesdale Center
By Meghan Hall A Renton, Wash., business center has traded hands, proving that investor interest in suburban properties remains. In a deal that...
56-Unit The Portal in Seattle’s Fremont Neighborhood Fetches $21.4MM
The Portal Sells for $690 per square foot, despite ongoing pandemic SEATTLE, Wash. (March 19, 2021) – Colliers Pacific Northwest Multifamily Advisor team of Tim...
Columbia Property Trust Receives $2.2B Buyout Offer
NEW YORK—Arkhouse Partners LLC, AS8888 LLC, an entity of The Sapir Organization, and 8F Investment Partners Pte. Ltd., which together beneficially own approximately...
Caught Between Practicality and Aesthetics, Design Board Asks 46-Story Apartment Building to Return for Second Review
By Meghan Hall The project team of residential development pitched for a site at the core of the Denny Triangle faces a complicated...
Google Plans for $7B in U.S. Investments in 2021, Including in Kirkland and Seattle
By Sundar Pichai, CEO of Google and Alphabet One of the best parts of my job is getting the opportunity to visit the communities...
Prominently Located Residential Assets in Queen Anne Hit the Market After 45 Years
By Meghan Hall After decades of ownership, the owner of two twin apartment buildings on the South Slope of Queen Anne has decided...
CalSTRS Allocates $1.3B for New Real Estate Opportunities Across West Coast Markets
By Jon Peterson California State Teachers Retirement System (CalSTRS) has issued $1.3 billion of new capital into three joint ventures with managers that will...
402-Unit Mixed-Use Development in Bel-Red Among First to Rise Along Changing Industrial Corridor
By Meghan Hall The Eastside’s downtown markets have grown exponentially in recent years. Now, with the Puget Sound’s development boom underway, its suburban...
Report: Office Sublease Space Across North America Continuing to Rise as Occupiers “Shake Off Cobwebs”
By Meghan Hall The rise of the coronavirus has caused a dramatic uptick in sublease availability as companies put the brakes on their...
Plans for 144-Unit Apartment Building in Capitol Hill Prove Divisive for Design Review Board
By Meghan Hall A seven-story apartment building in the works within Seattle’s Capitol Hill neighborhood underwent its second Early Design Guidance meeting at...
Blackstone & Starwood to Acquire Extended Stay America for $6B
Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today...