Washington
International Investors Still Love NYC
New York City is still the best city in the entire world for real estate investment, according to the latest… Read more
Historic Seminary to be Restored as Hotel
The Washington State Parks Commission voted unanimously to restore the historic seminary building at Saint Edward State Park in Kenmore,… Read more
Amazon, Forever 21 Bid for American Apparel
American Apparel filed for bankruptcy for a second time this past November. Now, Seattle-based Amazon, Los Angeles-based Forever 21, New… Read more
Apartments Planned for 90-Year-Old Tacoma Building
Unico Properties acquired the 18-story Washington Building at 1019 Pacific Ave. in Tacoma, WA in an off-market transaction. The Seattle-based… Read more
Amazon Again – The Retailer Buys More Seattle Assets
Amazon Inc. is throwing more money at downtown Seattle buildings. Most recently, the e-commerce giant paid $19.2 million to acquire… Read more
Hines Global REIT Sells KOMO Plaza for $276M
Hines Global REIT ended its five-year hold on KOMO Plaza, in downtown Seattle, selling it to GI TC Seattle LLC.… Read more
$21M Fund Available for Affordable TOD Housing
A new $21-million fund, courtesy of the Regional Equitable Development Initiative (REDI) has come online to help support affordable housing… Read more
Waters Edge Apartments Sold for $56.5 million
Value-added investors have sold the Waters Edge Apartments in Kent, WA for $56.5 million. That’s a big increase from $40… Read more
American Apparel Closes Stores in Nine Cities
Bankrupt retailer American Apparel now plans to close stores in nine cities. The troubled retailer will sell its remaining 101… Read more
1,200-Unit Construction to Begin on Seattle Times Lot
Three years after paying the Seattle Times newspaper $33.5 million for its full-block parking lot near the newspaper’s office at… Read more
Short-Term Hold Ends on 304-Unit Waters Edge
Admiral Capital Group and Securities Properties ended its close to three-year hold on the 304-unit Waters Edge Apartments in Kent,… Read more
Micro Units or Prison Cells?
Both rising rents and the uptick in micro-unit construction are trending in Seattle’s multifamily market. A developer in the market… Read more
Industrial Property Trust Snags 58-Acre Mill for Logistics Center
Industrial Property Trust (IPT) made an agreement with Interfor Corp., a Vancouver, B.C.-based lumber company, to acquire a 58-acre former… Read more
DOJ Approves Alaska Airlines’ $4B Virgin America Purchase
The Department of Justice has approved Alaska Airlines’ $4 billion acquisition of Virgin America. The DOJ’s approval was the final… Read more
Amazon Go Undergoing Testing
Amazon has built its first convenience store, dubbed Amazon Go, at Seventh Avenue and Blanchard Street in Seattle. The 1,800-square-foot… Read more
Howard Hughes Center Upgrades Planned Following $583M Acquisition
Chicago-based Equity Office announced plans to renovate Howard Hughes Center, a 1.3-million-square-foot office center in Westchester, CA. The Blackstone Group… Read more
Arcadia Townhomes Sells to Florida TIC for $68M
A three-year hold on the Class B Arcadia Townhomes, Phase I ended with its sale to a Florida Tenants-in-Common for… Read more