First Hill
Synergy Breaks Ground on 37-Room Candlewood Suites at Seattle’s Swedish Cherry Hill After 13-Year Wait
A long-vacant sliver of land tucked inside a hospital parking garage on Seattle’s First Hill is finally moving after more than a decade...
SRM Development Lands $48.5MM Refinance on 178-Unit Gridline Apartments in Seattle’s Capitol Hill
SRM Development has retired the construction debt on its leased-up Gridline Apartments in Capitol Hill, closing a $48.5 million permanent loan from a...
105-Unit Alcove First Hill Micro-Apartments Hit the Market in Seattle
An entity affiliated with the managing partner of a Seattle social purpose corporation has put the 105-unit Alcove First Hill micro-apartment building on...
Spruce Street School Clears Permit Hurdle for 20,000 SQFT First Hill Campus Conversion
The 43-year-old private elementary school will trade its leased Denny Triangle home for an owned First Hill building, with classes targeted to begin...
AEW Capital Management Sells 75-Bed Senior Living Facility in Seattle for $13MM
The Mercer Island-based operator expands its Puget Sound footprint with the purchase of a 75-bed senior living community in one of Seattle’s most...
Perkins&Will, Mortenson Tapped for Six-Story Behavioral Health Building at Harborview’s Yesler Terrace Site
Seattle’s safety-net hospital pivots a once-stalled Kaiser Permanente parcel into the centerpiece of a $1.74 billion campus modernization, with construction targeted for 2027....
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....
Nordic Partners Investments Buys 79‑Unit John Winthrop Apartments in Seattle’s First Hill for $11MM
(Editor’s Note: According to King County public records, the sales price was $11 million, or about $139,240 per unit.) Seattle, Wash. (March 31,...
Red Tail Acquisitions Buys 115-Unit Exeter House Apartments for $25MM in Seattle’s First Hill
The 1927 property traded at roughly $217,400 per unit, well below comparable recent multifamily sales across Seattle’s urban core. An entity affiliated with...
Braseth Construction Begins Work on Kamiak Real Estate’s 119-Unit Songbird Apartments on Seattle’s First Hill
The eight-story mixed-use project at 119 12th Avenue replaces six former duplex buildings near Seattle University and will deliver studios, one- and two-bedroom...
Sound Commercial Investment Holdings Acquires PNRI’s 45,000-SQFT First Hill Lab Facility at 720 Broadway in Seattle for $6.5MM
Nonprofit biomedical research institute sells longtime headquarters at a steep discount to assessed value, plans to lease back the building to preserve research...
45-Unit Clarwood Apartments Seeking for $5.25MM in Seattle’s First Hill
1920s vintage building offers value-add opportunity at $117,000 per unit as Seattle construction pipeline contracts 36 percent and occupancy holds near 95 percent...
