Industry News
Podcast: Christopher Yip, Partner @ RET Ventures
Christopher Yip is a partner at RET Ventures, a venture capital firm focused on the property technology or PropTech space. He’s based in San...
Amazon to Let 180,000 SQFT South Lake Union Lease Lapse, Will Relocate 1,000 Employees
By Meghan Hall Amazon’s plans for growth are shifting, and the company has decided to let one of its original leases in Seattle...
Tacoma Continues to Attract Investors as Westminster Towers Apartments Sells for $28MM
By Meghan Hall As the Puget Sound’s economy continues to grow, investor interest in the suburbs has also increased in markets both East...
Local Partnership Puts Terry Thomas Office Asset in Seattle up for Sale, Pricing Could hit $50MM
By Jon Peterson A local partnership that includes developer Mike Hess has placed on the market for sale the Terry Thomas 44,445 square...
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...
