Eastside
City of Kirkland Pays $10MM for Former LDS Church in Kingsgate After Competitive Bidding
A municipal government just out-competed the private market for a 3.28-acre Eastside development site, paying well above asking price to secure a former...
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...
Brookfield Lands $210MM Refinancing on Meta-Leased Bellevue Offices as KBRA Values 543,000 SQFT Complex 33% Below Appraisal
Brookfield Premier Real Estate Partners is refinancing two Spring District office buildings fully leased to Meta with $210 million in new CMBS debt,...
Kirkland’s Houghton Village Site Comes to Market for 145-Unit Mixed-Use Redevelopment
The City of Kirkland has hired CBRE to market its long-vacant Houghton Village property, a 2.2-acre Eastside parcel the city bought in 2022...
Wright Runstad Sharpens 555-Unit Housing Plan at Bellevue’s Spring District With Clark Barnes Design
Wright Runstad has brought architect Clark Barnes onto its plan to build 555 market-rate apartments on parcels at Bellevue’s Spring District that were...
Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
Mesirow Financial’s value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new...
JB Matteson Sells 134-Unit Langara Apartment Community for $55.1MM in Issaquah
CBRE arranged the sale of 134-unit apartment and townhome community Langara, a 134-unit garden-style apartment and townhome community called Langara in Issaquah has...
Vintage Housing Plans 262-Unit Conversion of 411,000 SQFT Former Microsoft Campus in Issaquah
Vintage Housing has filed plans to convert two vacant former Microsoft office buildings totaling 410,848 square feet in Issaquah into 262 affordable housing...
Pacific Urban Investors Acquires 387-Unit A’Cappella Apartment Homes in Lynnwood for $112MM
CBRE announces $112 million sale of Lynnwood, Washington apartment community An affiliate of Pacific Urban Investors has purchased A’Cappella Apartment Homes, a 387-unit...
Tech Layoffs Drag on Seattle-Area New-Home Demand, D.R. Horton Flags as Q3 Profit Slips
D.R. Horton executives pointed to a wave of software-industry layoffs around Seattle as a leading drag on new-home demand in the Pacific Northwest,...
Bellevue Moves to Rezone Bellevue College Campus With New Institutional District to Unlock Expansion
The City of Bellevue has launched a land use code amendment and legislative rezone that would create a first-of-its-kind Institutional land use district...
Skanska Pushes 12-Story, 205,000 SQFT Mass-Timber Bevel Tower Toward Bellevue Entitlement Finish Line
Skanska has cleared another design and entitlement milestone on Bevel, its planned mass-timber office tower in downtown Bellevue, and is targeting Administrative Design...
