Lee & Associates
Puget Sound Industrial Vacancy Climbs to 9.71% as Market Enters Period of Controlled Digestion
Cap rates rise, sales volumes contract, and tenants secure flexible deal structures as 7.39MM SQFT of new supply works through the system. The...
Pacific Northwest Industrial Pipeline Contracts to 4.79MM SQFT as Developers Pull Back
Construction starts have slowed sharply across the I-5 Corridor, but a heavy slate of Q2 and Q3 2026 deliveries will keep pressure on...
Pacific Forest Products Lands 85,000 SQFT Lease at Fortress-Owned 2005 Fryar Avenue in Sumner
The South Valley deal lands as Pierce County industrial vacancy climbs to 12.2 percent and landlords compete harder for occupancy. A wholesale forest...
Silfab Solar Anchors Washington Operations With 200,000 SQFT Lease at 1770 Port Drive in Burlington
North America’s largest private PV module manufacturer cements its Washington footprint as the I-5 Corridor industrial market works through a wave of new...
HCP Properties Sells 41,700 SQFT Gibraltar Tower in Seattle for $2.75MM
April 10, 2025 (Seattle, WA) – Lee & Associates is pleased to have brokered the disposition of Gibraltar Tower, 1518 Third Avenue, on...
Campus U Development Wins Design Approval for 91-Unit Apartment Building in Seattle’s University District
The five-story project on a former parking lot adds to a wave of residential development that has reshaped one of Seattle’s densest neighborhoods...
Family-Owned 21,600 SQFT Denny Triangle Development Site in Seattle Trades for $32.4MM in Equity Deal
The half-acre parcel in Seattle carries a master use permit for an 11-story, 305,000-square-foot life-science and office project designed by Perkins+Will for Trammell...
SheWorks to Open First Location with 5,600 SQFT of Coworking Space in Tacoma’s Historic Old City Hall Building
April 6, 2025 (Tacoma, WA) – Lee & Associates is pleased to announce that SheWorks, an innovative workspace and childcare community designed for...
Kennedy Wilson Sells Stake in 204-Unit Equinox Apartments in Seattle’s Eastlake for $44.9MM
The 204-unit Eastlake waterfront apartment complex was jointly acquired by Kennedy Wilson and a partnerfor $90 million in 2016; the partner buyout is...
Bell Partners Acquires 177-Unit Milehouse Apartments in Redmond for $78.5MM from UDR
The Greensboro, N.C.-based multifamily investor continues to expand its Seattle-region portfolio with its acquisition of the downtown Redmond mixed-use apartment community, which UDR...
LeFrak Buys Out Kennedy Wilson’s Stake in 282-Unit Radius Apartments in Seattle for $60MM
LeFrak takes ownership of the South Lake Union apartment complex, which the two firms jointly acquired from Greystar for $141 million in 2017;...
Investors Management Group Sells 108-Unit Valley Vista Apartments in Tacoma for $15.9MM
The 1986-vintage garden-style community near Tacoma Mall traded at roughly $147,200 per unit, below the regional metro average, as investor appetite for suburban...
