Industry News
Hines REIT to Dissolve, Sell 7 West Coast Assets for $1.162B Including 3 in Puget Sound
Hines Real Estate Investment Trust, Inc. (“Hines REIT” or the “Company”), one of three public non-listed REITs sponsored by Hines, announced today that...
First Hill’s Luma Now 68 Percent Sold
SEATTLE—June 29, 2016—Representatives for Luma Condominium, currently under construction in Seattle’s First Hill neighborhood, today announced sales for the 24-story condominium tower are at...
Schnitzer West and Investcorp Purchase 901 Fifth Office Tower for $223.3MM
(EDITOR’S NOTE: According to public records, the property sold for $223.3 million, or $413 per square foot. The seller of the property was...
Newmark Realty Capital Secures $40MM for Ballard’s On the Park Apartments
Newmark Realty Capital, Inc. has arranged permanent financing in the amount of $40,000,000 for a 2009 construction, 268-unit apartment complex with 43,000 square...
JLL: Tenants Demand More Bang for Buck in Seattle
Seattle’s Skyline Office Space Commands Top Dollar, But Pace of Rent Growth Expected to Moderate JLL’s 2016 Skyline reveals that tenants demand more...
JLL: Growth in Bellevue Office Rents Expected to Hold Steady in 2016
Bellevue’s Skyline Office Space Commands Top Dollar, But Rent Growth Expected to Moderate as Skyline Reshapes JLL’s 2016 Skyline reveals that tenants...
Newmark Grubb Knight Frank, a Division of BGC Partners, Inc., Acquires Project Management Firm The CRE Group, Inc.
Acquisition of Leading San Francisco Project Management Team Augments National Platform San Francisco, CA (June 20, 2016) — Newmark Grubb Knight Frank (“NGKF”),...
L5 Investments Partnership Completes Acquisition of 31-Unit Apartment Community in Seattle Submarket
L5 plans continued acquisition activity in Seattle area as job growth thrives; Firm has 2 other projects in contract to purchase totaling $7.5...
Avalara to Lease Top Floors in New Building North of Football Stadium
Seattle – Avalara, Inc. a leading provider of tax compliance automation for business, today announced that it has entered into a lease to...
Housing Inventory Shortages Persist Despite New Listings
KIRKLAND, Washington – Just as expected, the month of May had an uptick in new listings (12,272), but just as many buyers (12,275)...
Seattle High-Rise, Residential Development Site Sells for $17.1MM
Seattle, Wash. (June 10, 2016) – High-rise, residential development site near Pike Place Market has sold for $17,100,000. The buyer, Create World America...
Clark/Lewis, a Joint Venture, Named New Washington State Convention Center General Contractor/Construction Manager
General Contractor/Construction Manager to begin work immediately SEATTLE – June 8, 2016 – The Washington State Convention Center (WSCC) Public Facilities District announced...
