Industry News
Mayor Murray Asks Council to Approve $87MM Pacific Place Garage Sale
SEATTLE (June 7, 2016) – Mayor Ed Murray announced today he is sending legislation to the Seattle City Council to authorize the sale...
HFF Closes $20.75MM Sale of Hard Rock Café Seattle Building
SAN FRANCISCO, CA – June 7, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $20.75 million sale...
Ascentis Real Estate Partners Buys Redmond Technology Center for $30.3MM
(EDITOR’S NOTE: According to public records, the building was purchased for $30.25 million, or $297 per square foot.) BETHESDA, Md., June 6, 2016 —...
WoodSpring Suites Breaks Ground on New Hotel in Seattle MSA
EVERETT, Wash.–WoodSpring Hotels, the nation’s fastest-growing extended-stay hotel company has partnered with West77 to build the first WoodSpring Suites hotel in Everett, Washington....
Vulcan Real Estate to Buy Redbury Hollywood for $40.9MM
LOS ANGELES, June 2, 2016 — sbe, the Los Angeles-based leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues, today...
Moody National REIT II Acquires Seattle Marriott Springhill Suites for $74.1MM
HOUSTON, May 31, 2016 — Moody National REIT II, Inc. announced that it acquired the Marriott SpringHill Suites Hotel (“SpringHill Suites Seattle”) in...
Ashford Prime Announces Planned Sale Of Courtyard Seattle Downtown
DALLAS, May 23, 2016 — Ashford Hospitality Prime, Inc. (NYSE: AHP) (“Ashford Prime” or the “Company”) announced today that it has entered into...
$44.276MM for 206-Unit, Class A Multifamily in Seattle, WA
SEATTLE, WA – Brian Bonipart, Vice President of Newmark Realty Capital, Inc., has arranged construction financing in the amount of $44,276,000 for 624...
Sleeth Retail Investment Team of Colliers International Arranges the Sale of Approximately $100MM in Retail Assets in the Puget Sound
TACOMA SOUTH – Tacoma, WA – Retail Properties of America, Inc. (RAPI), has purchased the 230,657 square-foot Tacoma South Shopping Center in Tacoma for...
University of Washington: Washington Home Prices Up 8.1 Percent Over Last Year in First Quarter of 2016
Washington state’s housing market showed the continuing effects of low supply in the first quarter of 2016. Sales were constrained and new building...
Mayor Murray Releases 20-year Growth Plan for Seattle
Mayor Ed Murray today transmitted his proposal to update Seattle’s 20-year Comprehensive Plan to the Seattle City Council. Seattle 2035 focuses on equitable...
Seattle to Explore Other Options for Civic Square Project
Mayor Ed Murray announced that the City (Seattle) will be exploring other options for the future of the Civic Square project. In March,...