Washington
Puget Sound CRE: Resilience Amidst Uncertainty
Analysis suggests there’s resilience in the Puget Sound region’s office market, despite it being the first region in the U.S.… Read more
American Life Selected for 1M-SF Peoria MXU Development
Seattle-based American Life, Inc. reached an agreement with the City of Peoria to move forward on Stadium Point at P83,… Read more
Global Pandemic Continues to Drag Down Seattle-Area Cargo Volumes
The economic fallout from the global coronavirus pandemic continues to disrupt supply chains across the country and around the world.… Read more
Skanska Unveils Design for 25-Story Bellevue Tower
New York City-based Skanska unveiled updated designs for The Eight, a planned mixed-use office tower in downtown Bellevue. The site at… Read more
CushWake’s Jason deVries Adds Seattle, Bellevue Offices to Plate
Cushman & Wakefield’s managing principal in Portland has added two additional offices in the Pacific Northwest to his responsibilities. Jason… Read more
King County Approved to Lift More COVID-19 Restrictions
Washington state’s most populous county was approved by the state Department of Health to enter Phase 2 of Governor Jay… Read more
Unico, Pinnacle JV Launches $60M Historic Tacoma Tower Conversion
Unico Properties and joint-venture partner, Pinnacle Partners, are undertaking a $60-million renovation of the historic 18-story Washington Building in downtown… Read more
Washington Gov. Inslee Cancels State Employee Raises, Requires Furloughs
Washington Governor Jay Inslee directed state agencies under his authority to cancel a scheduled 3% general wage increase for many… Read more
Pine Forest Picks-Up Everett Industrial Site
Bellevue-based Pine Forest Properties acquired a fully-entitled 4.8-acre property at Riverside Business Park in Everett from Auburn-based Latitude Development for… Read more
King County Applies for Phase 2 of Safe Start Recovery Plan
Following two weeks of progress in modified Phase 1, King County submitted an application to the state Department of Health… Read more
Amazon Claims Former Macy’s Store at Redmond Town Center
Amazon leased the 111,000-square-foot former Macy’s department store at Redmond Town Center, which had closed last year. The former retail… Read more
Seattle Experiences Steep Decline in Commercial Real Estate Sales
The latest research from the Commercial Brokers Association (CBA) shows commercial real estate investment activity in the Puget Sound region… Read more
Starbucks’ Transformation Plan Includes Closing 400 Stores, Adding Pickup Options
Seattle-based Starbucks plans to accelerate the transformation of its store portfolio in the U.S. through the integration of the physical… Read more
Unico Solar Forms JV, Plans Pipeline of CRE Solar Projects
Unico Solar, a wholly-owned subsidiary of Seattle-based Unico Investment Group, formed a JV with Excelsior Energy Capital to add solar… Read more
COVID-19 Property Tax Relief Proposed for CRE Landlords
Commercial and multifamily landlords in King County could see a reduction in property tax bills under a proposal by the… Read more
New Construction Starbucks-Anchored Center Trades in 1031 Exchange
Hanley Investment Group Real Estate Advisors arranged the $7.7-million sale of a brand-new construction, 11,142-square-foot multi-tenant retail property located in… Read more
Commercial Real Estate “Carved Into” Washington’s COVID-19 Reopening Plans
Washington Governor Jay Inslee on Friday issued updated guidance for reopening the state from COVID-19 shut-down orders. The latest Safe… Read more
LMC Breaks Ground on 450-Unit MF Near Marymoor Park in Redmond
LMC commenced construction of LMC Marymoor, a luxury mixed-use apartment community in Redmond near the 640-acre Marymoor Park and the… Read more
Washington Governor Extends State’s Eviction Moratorium to August
Washington Governor Jay Inslee extended protections for renters as COVID-19 continues to impact the finances of Washingtonians statewide. The governor first… Read more