CBRE
Park Hotels & Resorts Sells 396-Room Hilton Seattle Airport & Conference Center for $18MM
The full-service hotel, one of the largest conference-equipped properties near Seattle-Tacoma International Airport, traded at roughly $45,500 per key just weeks before Seattle...
Hudson Pacific’s Seattle Portfolio Bets on Quality as Puget Sound Logs First Positive Absorption in Three Years
The REIT owns nine Seattle buildings anchored by a 667,724-SQFT Amazon lease, but half the Pioneer Square portfolio sits below 40 percent occupied...
Bellevue Readies Draft Policies for Factoria as Eastside Office Rents Climb and Mall Redevelopment Advances
The city’s Great Neighborhoods planning process enters the Refine phase with a May 7 open house, setting a 10- to 20-year blueprint for...
Macerich Bets $140MM NOI Lift on Anchor Overhaul and Gen Z-Driven Merchandising Strategy
The Santa Monica-based mall REIT is executing a two-year repositioning that has pushed leasing volume up 85 percent and committed replacements for all...
Swedish Health Services Taps CBRE to Market Trapezoidal Development Site in Seattle’s First Hill
The sale of 1401 Madison St. reflects a broader repositioning by major hospital systems as medical outpatient real estate commands record pricing nationwide....
Puget Sound Apartment Sales Double to $6B as East Link Light Rail Reshapes Eastside Investment Map
Transaction volume surges past $2.5 billion posted in 2023 as institutional capital returns and a long-awaited transit connection rewires commute patterns across the...
Issaquah to Acquire 21,311 SQFT Ednetics Building for $12.98MM as New City Hall
The $609-per-square-foot off-market deal comes in well below comparable sales as the city pivots away from new construction estimated at up to $57.75MM....
Prologis Names Seattle Among Two Softest U.S. Industrial Markets as Puget Sound Vacancy Climbs to 9.7%
The logistics giant says elevated vacancy, muted demand and a supply overhang have pushed Seattle’s recovery timeline further out than the national average....
Phillips Edison Acquires 54,000 SQFT Renton Highlands Shopping Center for $15.75MM
The Cincinnati-based grocery-anchored REIT continues its Pacific Northwest expansion with the purchase of the Safeway-adjacent retail complex, which traded at a loss for...
Ares Management Sells 91,400 SQFT Renton Warehouse to Maryland Buyer for $19MM
The Kent Valley asset traded at roughly $208 per square foot as Puget Sound industrial vacancy climbed to 9.3 percent in the first...
TA Realty Acquires 128,700 SQFT Kent Warehouse for $23.3MM
Boston-based investment manager expands Puget Sound industrial footprint with purchase of long-held WCP Solutions distribution facility at $181 per square foot Boston-based real...
Family-Owned 9.3-Acre Chambers RV & Boat Storage in Boring, Ore., Listed for $8.48MM
The 9.3-acre, 415-space facility on SE Highway 212 has been family-operated for three decades and is offered at roughly $911,000 per acre A...
