Retail
Sterling Organization Buys Fully Occupied Shopping Center in Lakewood for $17.7MM
By Catherine Sweeney Over the course of the year, the Puget Sound has seen a significant increase in investment activity, recording numerous transactions...
New York Pension Makes $370MM Direct Investment into Shopping Center Platform with West Coast Assets
By Jon Peterson New York State Teachers Retirement System (NYSTRS) has made a direct investment in one of its operators. The pension fund...
Safeway Sells Seattle Grocery Store to Residential Developer for $30.1MM
By Meghan Hall The sale of a retail property in Seattle’s Queen Anne neighborhood could be an indication of the asset’s impending development....
Retail Power Center in Mount Vernon, Wash., Trades for $18.4MM
SEATTLE – April 27, 2022 – CBRE announced the $18.4 million sale of Skagit Valley Square, a 166,800-sq.-ft. retail power center in Mount Vernon,...
Shops at Burlington Fashion Outlets Sell for $9.5MM for Redevelopment
Seattle, Wash. (April 25, 2022) – The Shops at Burlington property in Burlington has sold for $9.5 million after 30 years as the...
Merlone Geier Sells Marysville Retail Center for $25.3MM
By Meghan Hall San Diego, Calif.-based Merlone Geier has sold off another one of its Puget Sound retail assets. In a deal that...
EDENS Spends $103.8MM on Puget Sound Retail Assets as Part of Coast-to-Coast Expansion
(EDITOR’S NOTE: Public records show that the Lakeland Town Center at 1404 – 1416 Lake Tapps Parkway SE in Auburn, Wash., sold for...
Brookfield Defaults on $77MM Loan for Bellis Fair Mall
By Meghan Hall Major developer and investor Brookfield Properties Trust has defaulted on its loan for one of its assets in Bellingham, Wash....
Retail’s New COVID Rules
By John Cumbelich The Ides of March was celebrated in ancient Rome on March 15th each year, as the deadline for settling debts. As the commercial real...
Pine Tree Spends $66MM on Grocery-Anchored Community Center In Hillsboro
Northbrook, Ill.-based Pine Tree, in partnership with a U.S. state pension fund, acquired Sunset Esplanade, a 269,710-square-foot neighborhood shopping center located in the...
TA Realty Seeking $1.25B Raise for New Value-Add Fund Targeting Major Markets Across the US
By Jon Peterson Boston-based TA Realty is looking to extend its investments across the commercial real estate spectrum in the United States. The company...
13-Story Administrative Building in Seattle’s University District Receives Recommendation from Design Review Board
By Catherine Sweeney A 13-story building in Seattle’s University District is moving forward after receiving full support from the Northeast Design Review Board...