King County
Henbart Lists 44-Unit 101 Broadway in Seattle’s Capitol Hill, Pitching Assumable Debt Across From Light Rail
The 2017-built podium asset designed by Studio Meng Strazzara enters a Seattle multifamily market that brokers say has shifted from correction to recovery....
32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 2021-vintage, 97-percent occupied building is asking $390,625 per unit at a trailing 5.32 percent cap rate, pricing above current Seattle MSA averages....
Puget Sound Apartment Deal Flow Collapses as Buyers Hold the Line on Pricing
First-quarter transactions fell to 58 across the four-county region, with sales volume down 63 percent from the prior quarter as cap rates pushed...
King County Buys 66,900 SQFT Kirkland 405 Office Building in Totem Lake for $32.6MM
The acquisition consolidates public ownership of a Totem Lake property already operating as a 24/7 behavioral health crisis center, with the seller absorbing...
Hudson Pacific CEO Outs REI Among Brand-Name Tenants Circling Seattle Office Market
An offhand name-drop on the REIT’s first quarter earnings call confirmed the outdoor co-op is hunting for new Puget Sound space, fueling speculation...
Healthcare Realty Lists 2.55-Acre Wilburton Central in Bellevue at $32MM as Covered-Land Redevelopment Play
The Nashville-based medical office REIT has tapped Cushman & Wakefield to market three contiguous parcels totaling 111,141 square feet along 116th Avenue NE,...
Bellevue Investor Relists 51-Unit Viewland Apartments in Seattle’s Greenwood for $20MM Months After Acquisition
The ownership group is testing the market with a quick re-trade of the newly built North Seattle asset, anchored by a rare assumable...
Premier Storage Investors Pays $50.7MM for 139,700 SQFT West Coast Self-Storage in Bellevue
The Memphis-based pure-play storage roll-up, backed by an institutional endowment partner, lands a 2016-vintage Class A facility wedged between two Public Storage locations...
City of Seattle Lands South Park Lease for 90-Unit Tiny House Village
The lease, paired with a privately funded contribution from a business coalition including Microsoft, T-Mobile, and Starbucks, advances Mayor Katie B. Wilson’s plan...
Second Nick’s Magnificent Playground Planned in 17,352 SQFT Redmond Building After $5.9MM Purchase
The buyer paid roughly $340 per square foot for the former Perma-Chink Systems headquarters near Marymoor Park and is already eyeing a third...
PMF Investments Lists 2.86-Acre Redmond Inn Assemblage as Mixed-Use Redevelopment Play Near Microsoft
The Bellevue investor, which paid $20.2 million for the 137-room hotel and adjacent Family Pancake House two years ago, has tapped Newmark to...
Pacific Development Partners Lists 57-Unit Union 18 in Seattle’s Capitol Hill
Santa Monica investor markets two-building, 45,822-SQFT property at 1140 18th Ave with appraised value of $12.7MM, roughly 39 percent below its $20.8MM acquisition...
