Mercer Island
Lunara Opens Leasing With 146 Units Steps From Mercer Island’s New Light Rail Station
A 146-unit apartment building has opened for leasing in the heart of Mercer Island’s Town Center, arriving just months after Sound Transit’s long-delayed...
BentallGreenOak Buys 238-Unit Ballard Independent for $152MM in Seattle
BentallGreenOak’s $638,655-per-unit purchase of the newly built property from Holland Partner Group and NASH follows a similarly priced Mercer Island trade a week...
Mesirow Financial Fund Acquires 235-Unit Island Square Apartments for $157MM on Mercer Island
Mesirow Financial’s value-add multifamily fund found the discount-to-replacement-cost, barrier-to-entry market its investors were promised on an island that has spent decades limiting new...
Sterling Realty Lands $27MM Brookfield Refinancing on 105,000 SQFT Mercer Island Office Building
Sterling Realty Organization has refinanced its Class A office building on Mercer Island with a new Brookfield loan, resetting the debt on an...
Mercer Island Office Vacancy Plunges to 2.9% in Q2 2026, Tightest Market on the Eastside
Mercer Island, the smallest office submarket on the Eastside, tightened to a 2.9 percent vacancy rate in the second quarter of 2026, leaving...
Eastside Office Market Turns a Corner in Q2 2026 as Absorption Goes Positive, But 21% Vacancy Lingers
The Eastside office market recorded its first meaningful positive absorption in more than a year during the second quarter of 2026, absorbing nearly...
Trase Hunts for 100-Person Seattle-Area Office After $107MM Seed Round as AI Leasing Surges
Trase, a McLean, Virginia-based artificial intelligence startup with half its team already in the Puget Sound region, is searching for a Seattle-area office...
Seattle Light Rail Tops U.S. Ridership in April as East Link Opening Reshapes Eastside Development Map
Sound Transit’s light rail network carried more riders in April than any other light rail system in the country, a record run that...
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....
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...
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...
Kirkland Investor Sells 25-Unit Avellino Apartments on Mercer Island for $10.8MM
Mixed-use apartment building trades at $432,000 per unit in rare island transaction, reflecting the scarcity premium that Mercer Island’s constrained multifamily inventory commands...
