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FinanceIndustry NewsResidentialRetail

Madison Development Group Lands $60.8MM Fannie Mae Refi on 216-Unit Spruce in West Seattle

Issaquah-based Madison Development Group has secured $60.8 million in Fannie Mae refinancing for Spruce, the 216-unit West Seattle apartment and retail complex it...

Bellevue skyline
AECIndustry NewsResidentialRetail

Transforming Age Bets on 1,000-Unit, Mass-Timber EverGlen Village to Crack Bellevue’s Affordability Gap

A nonprofit developer has advanced plans for EverGlen Village, a more than 1,000-unit affordable senior housing community spread across five mass-timber buildings on...

Aerial view of Renton, WA
AECFinanceIndustry NewsResidential

Alliance Residential Pays $16.7MM for Site in Renton Approved for 384-Unit Apartment Project on Lake Washington

Vulcan Real Estate’s disposition of the 7.18-acre Kennydale waterfront parcel — marketed by CBRE and approved for residential development roughly two years ago...

Classroom with kids and teacher
AECCommercialIndustry NewsLeasingRetail

Primrose School Targets 16,700-SQFT Former Rite Aid at Shoreline’s Ballinger Village for 220-Child Preschool Conversion

A national preschool franchise backed by private equity firm Roark Capital Group has filed plans with the City of Shoreline to transform a...

Building with sawtooth roof line
FinanceIndustrialIndustry News

LBA Realty Sells 98,770 SQFT Kent Distribution Warehouse for $19.6MM

A Renton-based private investor has purchased a nearly 99,000 square foot distribution warehouse in Kent’s industrial core from an affiliate of LBA Realty,...

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FeaturedIndustry NewsResidential

Seattle-Area Housing Inventory Swells to 2026 High as Prices Hold Steady

NWMLS data show active listings across Washington jumped 16.8 percent year over year in May while King County’s median price held at $875,000,...

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FinanceHospitalityIndustry News

King County Lists Former Inn at Queen Anne in Seattle, Five Years After $16.5MM Homeless-Housing Buy

The 80-room Uptown hotel the county bought at the height of its pandemic-era Health Through Housing push is back on the market through...

swimming pool
AECFeaturedIndustry News

Shoreline Bets on Park District Workaround to Land $100MM Aquatic Center

After two failed bond attempts, Shoreline lawmakers are routing a 48,000-SQFT indoor pool to voters through a Metropolitan Park District that needs only...

Design of senior community building
AECFeaturedFinanceIndustry NewsResidential

The Springs Living Buys 3.5-Acre Issaquah Development Site for $14MM for 225-Room Senior Living Community

A Beaverton-based buyer associated with The Springs Living acquired a fully entitled lot inside Issaquah’s High Street Collection for a proposed senior living...

Warehouse with trucks
FeaturedFinanceIndustrialIndustry NewsLeasing

Amazon Clears 3.3MM SQFT From South Sound as Vacancy Climbs Toward 10%

One tenant is propping up first-half absorption while the rest of the Puget Sound industrial market waits out a costly, oversupplied cycle. Amazon...

Sunny Cityscape- Downtown Seattle from Highway Interchange South
CommercialFinanceIndustry News

Spear Street to Buy Seattle’s US Bank Center from Blackstone at $280MM, 54% Below 2019 Price

The pending recap of the 944,000-SQFT downtown tower marks one of the starkest writedowns yet on a Seattle trophy office, even as Bellevue...

Sound Transit station
AECFeaturedIndustry News

Sound Transit Board Greenlights $34.5B ST3 Reset, Leaving Ballard Link in Limbo

A 16-2 vote prioritizes West Seattle and resurrects the Graham Street station, but the long-promised extension to Market Street remains unfunded as the...

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