Industry News
Colossus Data Center Advisors Files Plans for 45,600 SQFT Facility at Seattle’s Starbucks Center
A small advisory firm has filed plans to convert former retail space inside Seattle's Starbucks Center into a data center — a proposal...
Tacoma Public Schools Files Plans for $42MM IDEA High School in McKinley Neighborhood
Tacoma Public Schools has filed pre-development documents for a new $42 million IDEA High School in the city's McKinley neighborhood, advancing the most...
Seattle’s Nitze-Stagen Abandons New Office Bets, Doubles Down on Multifamily as Downtown Vacancy Hits 35.1%
Nitze-Stagen & Co., the contrarian Seattle developer that built its name buying office property no one else wanted, has stopped chasing new office...
107-Unit University Place Multifamily Community Listed at $18MM with Below-Market Seller Financing
A 107-unit apartment community in University Place has come to market at $18 million, paired with below-market seller financing designed to hand a...
Receiver Pursues Refinancing Instead of Sale for Tacoma Armory as Tacoma Arts Live Winds Down Operations
Court-appointed receiver Shelly Crocker is pursuing a refinancing of the Tacoma Armory's nearly $5 million in debt rather than selling the historic 1908...
172-Unit Senior Apartment Building Planned in Downtown Redmond Adjacent to Anderson Park
The ownership group behind a downtown Redmond hotel is pivoting to senior housing, with plans to build a 172-unit, six-story active adult apartment...
Inland Group Plans 294-Unit Affordable Apartment Tower Near Lynnwood Light Rail
Inland Group plans a 294-unit affordable apartment building in Lynnwood on a parking site linked to Nitze-Stagen, less than a mile from the...
Onward Investors Sells 113,500 SQFT South Lind Square Flex Office Park in Renton for $20.8MM
A Mercer Island private buyer has acquired South Lind Square, a fully leased 16-tenant flex office park in Renton, for $20.8 million —...
Intercontinental Real Estate Corporation Sells Roosevelt Commons Office Complex in Seattle’s U-District for $27MM, 83% Discount to 2019 Value
A Seattle-area private buyer has acquired the full Roosevelt Commons office complex in the University District for $27 million — paying approximately $118...
Downtown Seattle Association Report Blames JumpStart Payroll Tax for Downtown’s Decline as Backers Defend $388MM Revenue Engine
A new Downtown Seattle Association report argues that Seattle's five-year-old JumpStart payroll tax has helped push jobs, employers and office value across Lake...
Great Expectations Closes 102-Unit Puyallup Affordable Housing Project Without Tax Credits
A 102-unit affordable housing development in Puyallup has closed financing without Low-Income Housing Tax Credits therough the combination of recycled tax-exempt bonds, a...
Sound Transit Defers Ballard Light Rail Indefinitely as $35 Billion Shortfall Reshapes ST3 Buildout
Sound Transit's board has adopted a sweeping realignment of its voter-approved 2016 expansion plan, protecting the Everett-to-Tacoma spine while indefinitely deferring the Ballard...
