Drawbridge Realty
AMLI Residential Pays $21.1MM for Spring District Block 15 Site in Bellevue, Where It Plans 296 Apartments
An AMLI Residential entity tied to Morgan Stanley's Prime Property Fund has paid $21.1 million for the Spring District's Block 15 in Bellevue,...
UW’s Global Innovation Exchange Vacates 96,000 SQFT in Bellevue’s Bel-Red for Rent-Free Microsoft Campus, Flipping Eastside Absorption Negative
The University of Washington's Global Innovation Exchange traded roughly 96,000 square feet of leased space in Bellevue's Spring District for a rent-free home...
Meta Reverses Course Again, Puts 212,000 SQFT Block 13 Tower up for Sublease in Bellevue
CBRE has hit the market with the full 212,128 square feet of Meta's shell-condition Block 13 tower in Bellevue's Spring District, a sublease...
Meta Reverses Course on 212,000 SQFT Block 13 in Bellevue’s Spring District, Filing Permits for Full Buildout After Two Years Vacant
After leaving its ninth Spring District building in shell condition since 2024, the tech giant's decision to occupy the $168.5MM tower signals a...
Wright Runstad and Shorenstein Propose 594-Unit Residential Project on Former Meta Sites at Bellevue’s Spring District
Developers file plans for pair of seven-story apartment buildings as 36-acre transit-oriented neighborhood pivots from tech campus vision to housing hub Wright Runstad...
Meta’s Spring District Retreat: Bellevue’s Office-to-Apartment Pivot Gathers Steam
Developer Wright Runstad pivots abandoned tech campus sites to housing as sublease glut reshapes Bellevue's largest mixed-use project When Meta Platforms signed an...
Nitze-Stagen’s 760 Aloha in Seattle Remains on the Market for $8.8MM as Commercial Real Estate Struggles
Property Reflects Broader Market Challenges in Q2 2025 Eight months after hitting the market, the 42,000-square-foot office building at 760 Aloha Street in...
Report: Seattle Office Market Faces Mixed Signals as Return-to-Office Trend Gains Momentum
The Seattle office market is in the midst of a complex transition, with early signs of stabilization emerging alongside persistent structural headwinds. According...
Gaw Capital Acquires Bellevue’s Bellefield Office Park for $87.5MM in Deed-in-Lieu Transaction
Gaw Capital Partners acquired a 550,000 square foot campus in Bellevue for $87.5 million through a deed-in-lieu of foreclosure, highlighting a surge in...
Eastside Office Market Shows Cautious Optimism Despite Persistent Vacancy Challenges
Even with elevated vacancy rates hovering above 20 percent, new tenant activity and emerging growth signals suggest the Seattle-area office market may be...
Drawbridge, KKR & Global Atlantic Buy Spring District’s Block 13 Meta-Leased Property in Deal Valued $193MM
(EDITOR'S NOTE: According to sources with knowledge of the transaction details, the property trade was valued around $910 per square foot, or approximately...
Shorenstein, Wright Runstad Transact Three Spring District Properties in Bellevue to Blackstone and Drawbridge Realty
(Editor's Note: According to industry reports, Blackstone acquired a 40 percent stake each in Blocks 5 and 6, and the combined value of...
