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Downtown Seattle Real Estate Market Set for Two New Deals

Downtown Seattle Real Estate Market Set for Two New Deals

The Logan Building offers tenants 108,000 square feet of office space in the city’s downtown area. With a strong occupancy rate of around 93 percent, major names currently residing at the five-decade-old building include the Downtown Seattle Association, as well as retailers Butch Blum and Specialty’s Café & Bakery. The…

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Schnitzer West Raises Funds Through Office Sale for Speculative Industrial, Office Development

Schnitzer West Raises Funds Through Office Sale for Speculative Industrial, Office Development

Seven office buildings, part of Schnitzer West’s portfolio recently traded for $25.8 million, to Eastside investor Stan Rosen. The assets are located in Bothell, in the North Creek office campus. The deal was made for a 126,000-square foot campus, and Tech Center II, an office building totaling 31,000 square feet…

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Skanska USA Commercial Development’s First Seattle Effort Holds Groundbreaking

Skanska USA Commercial Development’s First Seattle Effort Holds Groundbreaking

Stone34 was designed to become a door opener for the Burke-Gilman Trail, and will serve a diverse population for the area. It features ground floor retail and four levels of office space totaling 129,000 square feet. 8,500 square feet of outdoor pedestrian area are included in the building plans. The…

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Kilroy Snaps Up $170M Office Property in Booming South Lake Union

Kilroy Snaps Up $170M Office Property in Booming South Lake Union

Located on an entire city block at 320 Westlake and 321 Terry Avenue North, the 320,399-squar foot office campus was built in 2007. It is set on a major transit line with other mass transit arterials located in the immediate vicinity of the facility. The two-building Westlake Terry has the…

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Rockefeller Group, Sterling Realty Plan Bellevue Office Complex

Rockefeller Group, Sterling Realty Plan Bellevue Office Complex

By Alex Girda, Associate Editor New York-based real estate company The Rockefeller Group is partnering with local entity Sterling Realty Organization on development of a 2.4 million-square-foot mixed-use office-and-retail complex on a 5.5-acre lot owned by Sterling Realty and located in Bellevue’s downtown area. The project will progress in phases,…

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Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

Kauri Investments sold the 56-unit residential community, part of a larger project that also includes a Hyatt Place hotel. Kauri did not include the 160-key hospitality property in the deal perfected with Essex. Developed in 2010, the complex is located at 110 Sixth Avenue N., near the Seattle Center. According…

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Vulcan Real Estate Debates Multifamily Developments as Project Pipeline Grows Longer

Vulcan Real Estate Debates Multifamily Developments as Project Pipeline Grows Longer

The project is somewhat unusual for the Paul Allen-controlled entity as the company has focused its attention on South Lake Union, its only non-SLU development being the Martin apartments, an ongoing residential project next to the Cinerama Theater. The Seattle Housing Authority is currently considering Vulcan, along with a number…

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Amazon’s Denny Triangle Campus Phase One Gets General Contractor in Sellen

Amazon’s Denny Triangle Campus Phase One Gets General Contractor in Sellen

By Alex Girda, Associate Editor Amazon.com has recently announced the developer that will be taking charge of its first phase Seattle campus in the downtown area of Denny Triangle. The tech giant has named local company Sellen Construction as the contractor for the much talked about development in downtown Seattle,…

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Amazon.com-Occupied Office Tower Trades Hands, Expands in Denny Triangle

Amazon.com-Occupied Office Tower Trades Hands, Expands in Denny Triangle

Amazon.com is the bona fide engine of Seattle’s office market. If evidence of that fact up until this point is still deemed unconvincing, just take a look at the recent Amazon-involved headlines. West 8th, the online giant’s new residence was recently purchased in a deal, which according to public records…

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South Lake Union Set for Rezoning Overhaul

South Lake Union Set for Rezoning Overhaul

By Alex Girda, Associate Editor South Lake Union is growing at a frantic pace. Some developers are pitching office high-rises in hopes of scoring one of the big names that are constantly circling the neighborhood’s available office space, while others are proposing the next young-professional-oriented multifamily building. However, growth must…

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Seattle’s Booming Office Market Prompts Developers to Dive In Head First

Seattle’s Booming Office Market Prompts Developers to Dive In Head First

By Alex Girda, Associate Editor The local office market has seen a number of blockbuster transactions this year, illustrating high interest in what Seattle has to offer. In fact, there doesn't seem to be enough space to go around, and developers like Skanska USA are currently considering speculative construction, Skanska on…

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The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures

The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures

A Chicago-based investor has recently acquired The Hilton Portland and Executive Tower, the Portland Business Journal reports. The transaction is speculated to be worth approximately $100 million, which is not a staggering amount, considering the fact that the property is the city’s largest hotel. In fact, the per-room sale price…

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