Washington
Skanska Signs Firm’s Largest Single Lease at The Eight in Bellevue
Skanska has signed a long-term lease for its mixed-use development, The Eight, a 25-story, office tower in Bellevue, Washington. The deal… Read more
Point Ruston Properties in Receivership Up for Sale
Following the ruling by a Pierce County judge, seven properties in the Point Ruston mixed-use development on the Tacoma waterfront… Read more
We’re Looking for More of CRE’s Top Leasing and Sales Brokers
Early response has been positive for Connect CRE’s seventh annual call for Top Broker Award nominations. However, we’re looking for as wide a cross-section… Read more
Office, Industrial Specialist Joins Kidder Mathews in Seattle
Kidder Mathews has welcomed Tyler Nicholes as a vice president at the firm’s downtown Seattle headquarters. Nicholes specializes in office… Read more
LIHI Buys 58-Unit Seattle MF Property for $17M
The Low Income Housing Institute (LIHI) has acquired Jean Darsie Place at 5228 15th Ave NE in Seattle’s University District.… Read more
Bellwether Housing, EHIF Open North Seattle Affordable Apartments
Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) have officially opened The Aries at Bitter Lake, a new 200-unit affordable apartment… Read more
Kidder Mathews Taps Linda Fairchild to Lead Bellevue Asset Services
Kidder Mathews has announced that Linda Fairchild, RPA has been promoted to senior vice president and market leader in Bellevue,… Read more
WeWork Closing Capitol Hill Location Amid Bankruptcy
WeWork, the global co-working giant, will close its Capitol Hill location on 11th Avenue, the latest shuttering of the company’s… Read more
SRM, Urban League of Metro Seattle to Develop Apartments
SRM Development, a Spokane-based affordable housing developer, and the Urban League of Metropolitan Seattle will develop a 207-unit apartment project… Read more
Seattle Construction Costs Outpace the Rest of the U.S.
Construction costs in Seattle rose 7.76% between October 2022 and October 2023, according to a fourth-quarter construction cost report from… Read more
Carmel Partners Taps Bryan Crane as CIO
Bryan Crane will join Carmel Partners as CIO and managing partner, effective Jan. 29. Based in Carmel’s San Francisco headquarters,… Read more
CA Investor Buys Kent Apartment Complex for Over $60M
An entity affiliated with San Francisco-based FPA Multifamily has acquired The Atrium on James apartments in Kent for $60.5 million,… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
CushWake Advises Sale of Bellevue Adaptive Reuse for $16.5M
Cushman & Wakefield has brokered the sale of Sagebrook, currently serving as a 108-unit Senior Assisted Living and Memory Care… Read more
Demand for Industrial – Multi-Story Industrial, That Is
Mention the words “large industrial property,” and the image that comes to mind is of a sprawling facility that takes… Read more
Washington AG Sues to Block Kroger, Albertsons Merger
Washington state Attorney General Bob Ferguson has sued to block the proposed merger of Kroger and Albertsons, two of the… Read more
JLL Secures $11.85M for Seattle Multi-Housing Project
JLL has arranged the $11.85 million refinancing of J.G. Whittier, a newly constructed, 54-unit, mid-rise apartment community located in the… Read more