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Nuveen Real Estate Picks Up Three Puget Sound Shopping Centers in $445.5MM, 1.9MM SQFT Western Retail Portfolio Deal
Nuveen Real Estate has acquired a 13-property open-air retail portfolio spanning Washington, California and Colorado for $445.5 million, picking up grocery-anchored centers in...
Kimco Realty Buys 87,000 SQFT Canyon Ridge Plaza in Kent for $19MM
The $19 million sale of Canyon Ridge Plaza closed about $2 million below Northmarq’s $21.15 million asking price, as Kidder Mathews reports Puget...
Tourmaline Capital Acquires 384,000 SQFT South Sound Center in Lacey for $44.1MM
Tourmaline Capital paid $44.1 million for the Trader Joe's-anchored Lacey shopping center, ending Capital Development Company's roughly 60-year ownership and betting that Puget...
32-Unit Edric Apartments in West Seattle Hits Market at $12.5MM
The 2021-vintage, 97-percent occupied building is asking $390,625 per unit at a trailing 5.32 percent cap rate, pricing above current Seattle MSA averages....
Oregon’s Retail Sector Bleeds Jobs at Five Times the National Rate as Portland’s Urban Core Falters
State retail employment has cratered nearly 6 percent since 2019 while the rest of the country barely flinched, exposing a localized contraction that...
Bellevue Readies Draft Policies for Factoria as Eastside Office Rents Climb and Mall Redevelopment Advances
The city's Great Neighborhoods planning process enters the Refine phase with a May 7 open house, setting a 10- to 20-year blueprint for...
Macerich Bets $140MM NOI Lift on Anchor Overhaul and Gen Z-Driven Merchandising Strategy
The Santa Monica-based mall REIT is executing a two-year repositioning that has pushed leasing volume up 85 percent and committed replacements for all...
Trader Joe’s-Anchored 360,040 SQFT South Sound Center in Lacey Hits Market on Best-Offer Basis
The regionally dominant retail hub draws approximately 5 million annual visits, with Target shadow-anchoring and significant leasing and redevelopment upside across its 30.84-acre...
Tesla-Occupied 10,000 SQFT Renton Dealership at 700 S Grady Way Listed for Sale at $6.9MM
The auto showroom and service facility sits on a 2.12-acre lot with 150 parking stalls along one of South King County's highest-traffic corridors...
Bellevue’s Auto Row Transforms as American Capital Group Leads Wave of High-Density Housing for Transit Corridor
Bellevue-based company bets big on Wilburton neighborhood as city's rezoning opens door to thousands of new apartments For decades, a stretch of 116th...
KG Investment Properties Plans 3.6MM SQFT Mixed-Use Development in Bellevue
Seattle developer submits master plan for Wilburton project with 1,397 residential units and 1.46-million-square-foot office tower Bellevue's auto dealership corridor is preparing for...
Amazon Prepares Its Biggest Workforce Reduction in Years as AI Reshapes Corporate Operations
The e-commerce giant is set to cut up to 30,000 corporate jobs, signaling a shift toward automation and leaner management structures Amazon.com is...
