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Sunny Cityscape- Downtown Seattle from Highway Interchange South
CommercialFinanceIndustry NewsLeasing

Martin Selig Real Estate Restructures Nearly $500MM in Debt on 12 Seattle Office Buildings, Clearing Path Out of Receivership

Martin Selig Real Estate has completed loan modifications covering 12 Seattle office buildings and about 2.2 million square feet, including a Midland-serviced loan...

Buildings
CommercialFeaturedIndustry NewsLeasing

Downtown Seattle’s Q3 Office Absorption Ranges From Plus 300,000 SQFT to Minus 116,000 SQFT Depending on the Broker

CBRE says Downtown Seattle's office market absorbed 300,000 square feet in the third quarter, its first positive quarter since 2021, while Cushman &...

Sunny Cityscape- Downtown Seattle from Highway Interchange South
AECCommercialFeaturedIndustry NewsResidential

Seattle’s Office-to-Housing Pipeline Totals Just 401 Units as Downtown Vacancy Sits at 35.4%

Seattle's four city-tracked office-to-housing conversions add up to about 401 apartments, a sliver of a downtown market that still has more than 19...

Hotel sign on top of silhouette of a hotel building
FinanceHospitalityIndustry News

Kauri Investments Lands $30.8MM Refinancing for 172-Key Hyatt House Seattle/Downtown

The five-year floating-rate loan, paired with a custom interest-rate hedge, comes as the Seattle developer finishes a major renovation of the 2015-built extended-stay...

Amazon logo
CommercialIndustry NewsLeasing

Amazon Vacates 81,000 SQFT at South Lake Union Office as Downtown Seattle Vacancy Hits 35.8%

Amazon has emptied out of a six-story South Lake Union office building it has occupied since 2016, one of two large corporate move-outs...

Buildings
CommercialFinanceIndustry News

JFP Partners Named Receiver for Three More Martin Selig Buildings in Seattle’s Lower Queen Anne

The transfer pushes the once-dominant Seattle landlord's receivership tally past 20 buildings and seven parking lots in just over a year, a rollup...

Microscope close up
CommercialFeaturedIndustry NewsLeasingLife Science

Magnolia Medical Technologies Takes 10,000 SQFT at Queen Anne Square as Seattle Lab Vacancy Climbs to 19%

Magnolia Medical Technologies, the Seattle diagnostics company whose Steripath device reduces false-positive blood culture results in sepsis testing, has committed to 9,751 square...

Seattle skyline from Lake Union
FinanceIndustry NewsResidential

Seattle Buyer Acquires 75-Unit, 1924-Vintage Chandler Hall Apartments in Lower Queen Anne for $11MM

A Seattle-based buyer has acquired the 75-unit, 1924-vintage Chandler Hall Apartments at 119 West Roy Street in Lower Queen Anne for $11 million...

apartment building
FinanceIndustry NewsResidential

Kite Partners Acquires 87-Unit The Q Apartments in Seattle’s Queen Anne for $24.1MM

A two-year-old Seattle value-add firm just made its largest bet yet — paying $277,000 per unit for a 1950-built Queen Anne tower at...

Rendering of apartment building design
AECIndustry NewsResidential

Alexandria Real Estate and Washington Holdings Advance 250-Unit, 270,400 SQFT Residential Tower in Uptown Seattle

A life science REIT teams up with Seattle's preeminent office tower owner to advance a 250-unit apartment project in Uptown — seeking a...

Seattle skyline from Lake Union
AECCommercialFinanceIndustry News

Martin Selig Real Estate Lists Entitled 401 Queen Anne Office Development Site Steps From Climate Pledge Arena in Seattle’s Uptown

Martin Selig Real Estate has placed its assembled 401 Queen Anne development site in Seattle's Lower Queen Anne on the market without an...

Bellevue Washington Cityscape and Meydenbauer Bay Aerial View
AECFeaturedIndustry NewsResidential

Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project

The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...

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