Wallace Properties
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...
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...
Wallace Properties Files Design Review for 445-Unit East Phase of Bellevue North
The filing would replace a retail shopping center with two residential towers and ground-level commercial space near Bellevue's downtown core. Wallace Properties has...
PSE Must Build New Vernell Substation, Upgrade Bellevue Grid by 2030 to Keep Pace With Growth, Joint Study Finds
A Bellevue-Redmond grid capacity study conducted with Puget Sound Energy concludes the utility must construct a new Central Bellevue substation called Vernell and...
Wallace Properties Eyes 1MM SQFT Medical Office Campus Redevelopment in Bellevue
With a third parcel now in play alongside its existing 1970s-era medical buildings at 1407 and 1417 116th Ave. N.E., Wallace Properties is...
Wallace Properties Secures Approval for 895-Unit Bellevue North Mixed-Use Development in City’s Downtown
Applicant secures Master Development Plan approval with conditions for a two-phase redevelopment spanning a 28-story high-rise tower and three midrise residential buildings in...
Trammell Crow’s High Street Residential Acquires 56,000 SQFT Office Site in Bellevue for $34.2MM, Plans 351-Unit Apartment Development
The transit-oriented redevelopment site at 11040 Main Street sits directly across from a newly opened light rail station and has already received city...
Wallace Properties Taps Next Generation Leader as Founder Steps Back
Kevin Wallace Assumes Presidency as Father Transitions to Chairman Role Wallace Properties, a Pacific Northwest commercial real estate firm, has announced a leadership...
Beam Reach Partners’ KANON Project: A Major Downtown Bellevue Development Navigates Evolving Timelines
A significant office development poised to reshape a prominent corner of downtown Bellevue, the KANON project by Beam Reach Partners, continues its journey...
Bosa Development Plans 455-Unit Residential Project for Downtown Bellevue
By Kate Snyder The multifamily market in Bellevue could soon see additional development as preliminary plans for a three-tower residential project were submitted...
Wallace Properties Submits Revised Plans for 466-Unit Project in Downtown Bellevue
By The Registry Staff Progress towards the realization of a high-rise mixed-use complex in downtown Bellevue has taken a significant stride forward. Wallace Properties...
