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32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 2021-vintage, 97-percent occupied building is asking $390,625 per unit at a trailing 5.32 percent cap rate, pricing above current Seattle MSA averages....
Hudson Pacific CEO Outs REI Among Brand-Name Tenants Circling Seattle Office Market
An offhand name-drop on the REIT’s first quarter earnings call confirmed the outdoor co-op is hunting for new Puget Sound space, fueling speculation...
57-Unit Capitol Hill Studio Building Vitality on Howell Lists at $9.5MM, Priced 15% Below Appraisal
Greenbuild Development affiliate puts 57-unit 2016-vintage asset on the market at $166,667 per unit as Capitol Hill supply pipeline shrinks to 139 units....
Bellevue Investor Relists 51-Unit Viewland Apartments in Seattle’s Greenwood for $20MM Months After Acquisition
The ownership group is testing the market with a quick re-trade of the newly built North Seattle asset, anchored by a rare assumable...
SoFi Lands 33,000 SQFT Lease at Kilroy’s West8 Tower in Seattle’s Denny Regrade
The fintech firm’s expansion at the renovated 539,000-square-foot office tower extends a leasing run that has now produced 150,000 square feet of new...
City of Bellevue Approves Soma Homes’ 19-Townhome Bel-Red Project on 1.15-Acre Office Site
The four-year-old Puget Sound builder will demolish a two-story business park at 12505 NE Bellevue-Redmond Road and replace it with four buildings of...
Hudson Pacific’s Seattle Portfolio Splits Between Strong Denny Triangle, Struggling Pioneer Square
Washington 1000 sits 99.5 percent vacant 18 months after delivery as Pioneer Square holdings drag down portfolio averages. Hudson Pacific Properties’ Seattle office...
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project
The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...
161-Unit Belltown and Queen Anne Multifamily Portfolio in Seattle Hits the Market for Sale
The Sidney and Queen Anne Flats hit the market as investor appetite returns to Seattle’s urban core, with the combined offering carrying an...
Bellevue Reopens Its Downtown Playbook as Eastside Office Market Pulls Tenants From Seattle
City Council initiates Downtown Livability 2.0, a rewrite of the 2017 land use code aimed at the next wave of high-rise development across...
Bellevue Locks In 5,700-Unit Affordable Housing Target as Eastside Tech Boom Strains Market
The seven-year strategy more than doubles the city’s previous goal as record corporate leasing collides with rising rents and a regional construction slowdown....
