South Lake Union
Starwood Capital Group Purchases Top Floors of Historic Macy’s Downtown Seattle Store; Plans Conversion to Creative Office
[EDITOR’S NOTE: The deal cost Starwood $65 million or $216 per square foot.] GREENWICH, Conn., Oct. 9, 2015 — Starwood Capital Group, a leading global private...
TruAmerica Buys Four Assets in Seattle for $121MM
By Jon Peterson Los Angeles-based TruAmerica Multifamily has acquired four apartment properties in the Seattle area for $121.45 million or $151,000 per unit....
Development Ratchets up in South Lake Union
By Neil Gonzales For the better part of the past decade, Seattle’s South Lake Union neighborhood has surged with development with the likes...
Kilroy Plans $375MM Development in South Lake Union
By Jon Peterson Los Angeles-based Kilroy Realty Corporation is planning a new office development at 333 Dexter in South Lake Union. According to...
Alexandria Adds to Exposure in South Lake Union With Land Purchase and New Development
By Jon Peterson Pasadena, Calif.-based Alexandria Real Estate Equities is expanding its office building presence in the South Lake Union sub-market of Seattle...
Greystar Plans Two Apartment Complexes in One Location in South Lake Union
By Jon Peterson Charleston, S.C.-based Greystar is planning both a mid-rise and high-rise apartment products for its new apartment development that it refers...
One of the Last Large Development Sites in Seattle Could Set a Record
Seattle, Wash. – The MidTown Center property is a full city block located on a major intersection at 23rd Avenue and East Union...
Bellevue’s Star Continues to Shine, and Leasing Activity Picks Up
By Jack Stubbs Leasing activity for the first two quarters of this year in Bellevue, Seattle’s largest satellite city, is often viewed in...
Shaped by Tech Demand, Seattle Leasing Activity Soars
By Jack Stubbs It will come as little surprise to anyone tracking the Puget Sound commercial real estate marketplace that leasing activity in...
Principal Green Fund Invests in New Project in South Lake Union
By Jon Peterson Des Moines, Iowa-based Principal Real Estate Investors has made an equity investment in a new office development in South Lake...
UDR Plans for Higher Cap Rates by Buying Apartments Still in Development
By Jon Peterson Denver-based UDR will be able to achieve cap rates that are 50 to 125 basis points higher by buying apartments...
CBRE Investors Pays $272MM to buy Seattle Office Assets
By Jon Peterson Los Angeles-based CBRE Global Investors has paid $272 million or $385 per square foot to acquire the 708,283 square foot...
