Industry News
U.S. Properties With Foreclosure Filings See A Slight Uptick As Coronavirus Pandemic Continues
9,889 U.S. Properties Received a Foreclosure Filing in August 2020, Up 11 Percent from Last Month; Foreclosure Rates Highest in South Carolina, Florida...
The Crisis-Proof Shopping Center
By John Cumbelich While an anxious national media reports on the retail apocalypse, spiking vacancy rates and big-name bankruptcies, perhaps it’s time for...
Mill Creek Residential Sells First Hill Apartment Complex in Seattle for $125MM
By Meghan Hall Multifamily developer and operator Mill Creek Residential has sold off one of its numerous Puget Sound area assets, marking one...
Northlake Plaza Office Asset in Seattle Trades for $13.7MM
By Meghan Hall An office asset just across the street from Lake Union has traded as deal volume around the region begins to...
Mayor Durkan Announces up to $11.6 Million in Funding for Homeless Service Providers to Help Cover COVID-19 Costs in 2020
The City of Seattle expects to invest nearly $150 million in 2020 to support people experiencing homelessness during pandemic Seattle (September 9, 2020) – Mayor Jenny A. Durkan...
Alexandria Real Estate Submits Initial Plans for Mercer Mega Block Project in Seattle’s South Lake Union Neighborhood
By Meghan Hall In the fall of 2019, Pasadena, Calif.-based Alexandria Real Estate agreed to purchase a critical block from the City of...
GI Partners Closes Oversubscribed Inaugural Data Infrastructure Fund At $1.8 Billion in Commitments
SAN FRANCISCO, Sept. 8, 2020 — GI Partners, a leading private investment firm, today announced the final closing of its inaugural Data Infrastructure Fund, which totaled $1.8...
Lighthouse for the Blind Sells off Undeveloped Property in Seattle’s Mt. Baker Neighborhood for $10.25MM
By Meghan Hall The development and entitlements process can take years, and project teams are taking advantage of a slower market to plan...
Amazon: Bringing 10,000 Additional Jobs to Bellevue
(The original post of this article can be found here.) By John Schoettler Amazon announces plans to add 10,000 more jobs and donates...
NorthMarq Completes $37.4MM Refinance of Glacier Run – Phase I in Puyallup
SEATTLE, WASHINGTON – Bob Spiro, managing director and Scott Moline, vice president of NorthMarq’s Seattle office arranged the $37.44 million refinance of Glacier...
Vulcan Formally Leases 2MM SQFT in Downtown Bellevue to Amazon
SEATTLE – Vulcan, Inc. today announced that it is underway with the development of two new office projects in the Bellevue CBD. The 555 Tower...
ICYMI: Construction Innovation
Brought to you by: ~ Disruptive trends and COVID-19 is accelerating the transformation of the construction industry. How fast will that occur and...
