Seattle
Seattle Multifamily Market Soars to New Heights
By Dennis Kaiser Seattle’s multifamily market continues to ride a wave of demand that is being buoyed by corporate office… Read more
Clise Claims $160M Loan for Landmark Seattle Resi Tower
A subsidiary of Seattle-based Clise Properties secured a $160-million permanent loan for McKenzie Seattle, a distinctive elliptical 40-story, luxury 450-unit… Read more
Report: U.S. Multifamily Rents Continue Positive Momentum
U.S. multifamily rents have continued their upward trajectory with a 3.4% year-over-year increase in July 2019, according to a new… Read more
Trinity, Broadmark Form $1.5B CRE Mortgage REIT via Merger
Seattle-based Broadmark and Trinity Merger Corp. plan to merge and create an internally-managed, mortgage real estate investment trust with an… Read more
Aggressive Expansions Fuel Seattle Office Market
The Puget Sound regional office market continues to tighten despite the number of active cranes. Second quarter reports from various… Read more
Alexandria Negotiating to Buy Mercer Mega Block for $144M
Pasadena, CA-based life sciences developer Alexandria Real Estate Equities, Inc. is negotiating to buy Seattle’s Mercer Mega Block for $143.5… Read more
Twin-tower Development Site in Denny Triangle Sells for $72M
Canadian residential developer Concord Pacific acquired a multifamily development site, located at 1901 Minor Avenue in Seattle for $72 million.… Read more
RISE, Aegon Acquire Federal Way MF for $56M
Seattle-based RISE Properties Trust, a Canadian real estate trust, partnered with Aegon Real Assets US to acquire Waterbury Park Apartments… Read more
Biotech Firm Takes All of Alexandria’s Lake Union Life Science Development
Adaptive Biotechnologies Corporation signed a 12-year, full-building lease at 1165 Eastlake Avenue E., a 100,000-square-foot headquarters office/laboratory development in Seattle.… Read more
PCCP Joins Urban Renaissance Group on 550K-SF SeaTac Deal
Seattle-based Urban Renaissance Group LLC (URG) and Iron Point Partners, LLC sold the 548,704-square-foot SeaTac Office Center in SeaTac, WA… Read more
SoCal Investor Snags Federal Way Industrial Portfolio
Newport Beach, CA-based BKM Capital Partners acquired a two-property industrial portfolio consisting of eight buildings totaling 133,595 square feet in… Read more
Record-Setting Office Deal Completed in Boise
The Clearwater Building and U.S. Bank Plaza in Boise have traded hands in a deal that ranks as Idaho’s largest… Read more
Vibrant Cities Breaks Ground on Pivot on Seattle’s Capitol Hill
Construction is officially underway on Vibrant Cities’ Pivot Apartments, a mixed-use project on Seattle’s Capitol Hill. The 75,000-square-foot building will… Read more
McKesson Opens New Healthcare Distribution Center in Seattle Area
McKesson Corporation opened a new distribution center in Puyallup, WA, south of Seattle. Positioned on six acres, the 118,500-square-foot facility,… Read more
Essex Bags Brio in Walnut Creek for $165M
San Mateo, CA-based Essex Property Trust acquired Brio, a 300-unit apartment complex in Walnut Creek, CA, for $164.9 million, or… Read more
Greystar Buys Seattle SLU Site Planned for 28-Story Tower
Greystar acquired a site at 200 Eighth Ave. N. in Seattle’s South Lake Union from the Seattle Unity Church for… Read more
Port of Seattle Releases RFP for New $200M Cruise Facility at Terminal 46
The Port of Seattle released an RFP for the proposed $200-million cruise facility at Terminal 46 to the three shortlisted… Read more
Daniels JV Tops Off Seattle’s 40-Story The Emerald
Daniels Create World Seattle, LLC, a JV between Create World Real Estate and Daniels Real Estate, topped off The Emerald,… Read more
Economists See Next Recession Starting in 2020
The next recession will likely begin in 2020, according to a poll of more than 100 housing experts and economists… Read more