Washington
Seattle Creates First Public Development Authority in Nearly 40 Years
Seattle Mayor Jenny A. Durkan signed the Cultural Space Agency Public Development Authority (PDA) charter to create the first new… Read more
Gov. Inslee Reveals Washington’s Bold Climate Package
Washington Governor Jay Inslee this week outlined his climate policy package for the 2021–2023 biennium. Inslee’s legislative and budget proposals… Read more
Amazon is World’s Largest Corporate Purchaser of Renewable Energy
Seattle-based Amazon.com, Inc. signed agreements to purchase energy from 26 wind and solar projects around the world, a move that… Read more
Fireside Flats MF Launched in Seattle’s Roosevelt Neighborhood
Seattle-based Pastakia + Associates commenced construction on Fireside Flats, a six-story multifamily building in Seattle. The project is located on… Read more
Marcus & Millichap Arranges University Place MOB Sale
Everwood Medical Center, a 18,627-square-foot medical office property located in University Place, traded hands for $6.55 million. The South End… Read more
Washington Unemployment Claims Jump 10%
The number of initial regular unemployment claims in Washington during the week of ending December 5 totaled 24,587, a jump… Read more
Oracle Relocating to Texas from Silicon Valley
Software giant Oracle Corp., a Silicon Valley mainstay for more than 40 years, said Friday it would relocate its headquarters to… Read more
McBride Delivers $19M in Financing for Tacoma Asset
McBride Capital secured $19,000,000 in bridge financing for the acquisition of The Tacoma Rhodes Center in Tacoma. The acquisition included… Read more
MG Properties Bags Bellevue MF from Kennedy Wilson for $191M
San Diego-based MG Properties Group acquired the LIV Bel-Red Apartment Homes in Bellevue for $191 million. The seller was Kennedy… Read more
U.S. Jobless Claims Rise Amid Coronavirus Resurgence
The number of people filing initial jobless claims in the U.S. reversed course last week from a pattern it had… Read more
Clarion Claims $450M Stake in Alexandria’s SLU Life Science Portfolio
An affiliate of Alexandria Real Estate Equities, Inc. divested a 70% interest in a three-asset life science portfolio in Seattle’s… Read more
Berkadia Secures $40M in Financing for PNW Skilled Nursing Facilities
Berkadia’s Seniors Housing and Healthcare Group recently secured nearly $40 million in loan closings. The deals involved skilled nursing facilities… Read more
Washington Gov. Inslee Unveils New Economic Supports, Extends Restrictions
Washington Governor Jay Inslee on Tuesday announced additional economic supports for workers and businesses impacted by the COVID-19 pandemic. Gov.… Read more
Lawyers in Real Estate 2020: Hillis Clark’s Kurt Kruckeberg
Kurt Kruckeberg, principal of Hillis Clark Martin & Peterson in Seattle, has devoted his career to understanding the real estate… Read more
Lawyers in Real Estate 2020: Olshan’s Eric Goldberg
As a partner at Olshan Frome Wolosky, Eric Goldberg is well-known for his skilled handling of sophisticated real estate structures,… Read more
Blackstone Expands Puget Sound MF Portfolio, Cuts $175M Deal with TruAmerica
New York-based The Blackstone Group acquired four multifamily properties in South King County from Los Angeles-based TruAmerica Multifamily for $174.8… Read more
CenterPoint Properties Claims Auburn & Tukwila Facilities
Oak Brook, IL-based CenterPoint expanded its Puget Sound portfolio with the addition of a pair of industrial facilities for roughly… Read more
Amazon Fresh Will Make Illinois Debut in Naperville This Week
Amazon said Friday it would open its first Amazon Fresh grocery store in Illinois on Dec. 10 in Naperville. The… Read more
Elion Claims Intracorp Building in Everett
Miami-based Elion Partners acquired the 113,000-square-foot Intracorp Building on Hardeson Road in Everett for $23.1 million. The addition represents the… Read more