Washington
What Markets are at Risk of Multifamily Supply Overload?
A new report by Yardi Matrix indicates that multifamily deliveries might outpace demand in some key U.S. housing markets. The research revealed… Read more
Bertch Capital Acquires Sumner Land for Development
Redmond, WA-based Bertch Capital Partners acquired 17 useable acres of land in Sumner, WA for $5.8 million. It plans to… Read more
Consulting Firm Opts for Aon Center, Doubling Its Office Footprint
The Aon Center is picking up a tenant from the roster of a property its ownership sold earlier this year.… Read more
Blackstone Divests Redmond Campus to Microsoft for $250M
Microsoft acquired the nine-building Daytona Laguna Office Campus in Redmond, WA from Blackstone Group for $250 million. The transaction, which… Read more
CVS Launching Prescription Delivery Service
CVS operates 10,000 stores across the nation, and in most of those markets, customers will soon be able to receive… Read more
Seattle’s City Council Scraps “Head Tax” After Drawing Fire from Amazon
A few weeks after enacting a “head tax” on the city’s major businesses, Seattle’s City Council has repealed it. The… Read more
New Supply Glut Stalls Rent Growth in Previous High-Growth Markets
The Connect Apartments conference will take place June 26. For more information, or to register, log on here. Rent growth… Read more
Arup Expands, Relocates Seattle Office
Arup plans to relocate its Seattle office to roughly 25,000 square feet at the Second & Seneca Building. The global… Read more
Single-User Facilities Loom on Investors’ Radar
Single-user industrial retains a spot high on investors’ shopping lists, Avison Young says in a new report. 2017 saw $13.2… Read more
NorthMarq Capital Secures Acquisition Financing for Seattle MF
NorthMarq Capital’s San Francisco regional office arranged $28.7 million in acquisition financing for Origin Apartments, a newly-constructed 153-unit luxury multifamily… Read more
Amazon Expands Silicon Valley Footprint to 1.85M SF
Amazon is leasing 385,000 square feet of office space at Jay Paul Company’s Moffett Towers I in Sunnyvale, CA. The… Read more
Is a ‘Google Tax’ or ‘Apple Tax’ Coming to California?
A growing movement to tax companies based on the number of employees may be spreading into California. Voters in San… Read more
Panattoni Plans Nearly 300K-SF of Logistics Developments in NW
Newport Beach, CA-based Panattoni Development has acquired two sites in Pacific, WA, and plans to develop a pair of logistics… Read more
GM’s Cruise Takes 375K SF with Kilroy in San Francisco
Kilroy Realty Corporation (KRC) signed a 375,000-square-foot lease with Cruise at three buildings in San Francisco. The self-driving car maker… Read more
Campus Advantage Adds Six Student Housing Assets in Five States
Campus Advantage acquired six student housing properties across five states in a joint venture with a major state pension fund.… Read more
To Find a Job, Go Northwest, Young Man
Twenty cities around the country are hoping for the job-creating boost of hosting Amazon’s second North American headquarters. With visions… Read more
Kennedy Wilson Sells Four-State MF Portfolio for $422M
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the… Read more
LaSalle Snags Seattle SLU Asset Occupied by Amazon for $130M
LaSalle Investment Management acquired 202 Westlake, a 130,530 square foot Class A office building located within Seattle’s popular South Lake… Read more