Orton Development
Owner-Users Outbid Investors for Puget Sound Office Buildings, Paying Up to $969 Per SQFT as Downtown Towers Trade Near $58
Buyers that intend to occupy what they buy paid well above investor pricing for smaller Puget Sound office buildings in the third quarter...
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...
Puget Sound Cap Rates Hold Near 5.5% as 10-Year Treasury Tests 5%
With the 10-year Treasury yield sitting around 5 percent and the Federal Reserve back in tightening mode, Puget Sound apartment and industrial cap...
Private Investor Pays $6.6MM for 23,000 SQFT Creekside Professional Center, Topping Investor Office Pricing in Puget Sound’s Northend
A private investor, Northwest Professional Centers, LLC, paid $6.6 million for the 22,658-square-foot Creekside Professional Center in Mill Creek, the highest price per...
Downtown Seattle Office Absorbs 300,000 SQFT, Its First Positive Quarter Since 2021
Downtown Seattle's office market absorbed 300,000 square feet in the third quarter of 2026, its first positive quarter in five years, as law...
Vanbarton Exits 541,000 SQFT 901 Fifth Avenue Tower in Downtown Seattle for $48.3MM, 84% Below 2019 Price
Seattle-based GT Capital, in partnership with The Benaroya Company, has acquired the 41-story 901 Fifth Avenue office tower from New York-based Vanbarton Group...
BentallGreenOak Affiliate Sells 214,000 SQFT Plaza 600 Tower for $12.5MM in Seattle
An Emeryville, California entity picks up the 57-year-old office tower for a basis low enough to compete on rent in a downtown submarket...
Orton Development Considering 155-Unit Conversion at Seattle’s Historic Vance Building
The historic Joseph Vance Building, located at 1402 Third Ave. in Seattle, is poised for a significant transformation. The 14-story, 121,000-square-foot office building,...
