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Seattle Housing Market Could Be This Year’s Sleeper

Seattle Housing Market Could Be This Year’s Sleeper

By Alex Girda, Associate Editor Seattle’s booming office market has eclipsed its housing sector in recent months, but the housing market could turn out to be a sleeper. Recent numbers indicate that 2011 is on track to edge last year’s home sales. Although [...]…

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Invesco Snaps Up 1218 Third Avenue; Bullit Center Pushes the Green Envelope

Invesco Snaps Up 1218 Third Avenue; Bullit Center Pushes the Green Envelope

By Alex Girda, Associate Editor  “An office deal a week” seems to be Seattle’s new mantra these days as investment sales get in gear for autumn. The most recent property to take the spotlight is the 82-year-old Art Deco landmark located at [...]…

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“Living Building” Eyed for Fremont; First & Stewart Trades for $30M

“Living Building” Eyed for Fremont; First & Stewart Trades for $30M

By Alex Girda, Associate Editor Attracting tenants in Seattle’s competitive office market requires owners and developers to raise their games a notch. Sustainable practices are a Seattle trademark, so some developers are seeking new ways to make their properties attractive to [...]…

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Deal of the Year for Denny Triangle Buildings

Deal of the Year for Denny Triangle Buildings

By Alex Girda, Associate Editor Seattle is back in a big way. The amount of positive buzz and increased activity that has sparked up since the beginning of fourth quarter 2010 has been confirmed recently with a move for the record [...]…

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Wine Country Development Site Seeks Fresh Start; Rebound Seen for Downtown Seattle Condo Sales

Wine Country Development Site Seeks Fresh Start; Rebound Seen for Downtown Seattle Condo Sales

By Alex Girda, Associate Editor   The site of a scuttled $200 million mixed-use development in the Woodinville wine district is heading for the auction block. Located on a 24-acre site at the intersection of Woodinville-Redmond Road and Highway 202, the project [...]…

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NOAA Site Awaits Next Chapter; Facebook Eyes Growth

NOAA Site Awaits Next Chapter; Facebook Eyes Growth

By Alex Girda, Associate Editor   For several years now, Seattle’s vibrant South Lake Union submarket has been the site of innovative projects that have drawn retail, high-tech and medical tenants, as well as a growing residential community. That poses an intriguing [...]…

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South Lake Union’s Surge Fuels Falling Office Vacancy

South Lake Union’s Surge Fuels Falling Office Vacancy

By Alex Girda, Associate Editor  So many technology firms have flocked to Seattle’s South Lake Union neighborhood of late that tracking them is now a distinct challenge. In a sign of the times, Kidder Matthews senior vice presidents Bill Neil and [...]…

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Acacia Takes First Hill Complex for $61M; Regence BlueShield Puts HQ on the Block

Acacia Takes First Hill Complex for $61M; Regence BlueShield Puts HQ on the Block

By Alex Girda, Associate Editor  An affiliate of Acacia Capital Corp. of San Mateo has wrapped King County’s second-largest multi-family trade of the year: the $61 million acquisition of the 351-unit property at 1000 Eighth Avenue in First Hill, the Seattle Times reported. The property showed a tidy upside [...]…

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Multifamily Properties Trade Hands in Puget Sound

Multifamily Properties Trade Hands in Puget Sound

By Alex Girda, Associate Editor Multifamily properties have been attracting investor attention in Seattle all year. In the past week alone, three trades took place. The Puget Sound Business Journal reported on the sale of a 512-unit apartment complex in Mountlake Terrace, [...]…

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Healthcare, Housing Trade in Seattle

Healthcare, Housing Trade in Seattle

By Alex Girda, Associate Editor The state’s largest psychiatric hospital is the object of one of the biggest healthcare real estate sector deals in recent memory. Valued at $65.7 million, Fairfax Hospital in Kirkland is a 157-bed medical facility that could [...]…

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Lakeland Town Center, Moda Apartment Buys Mark Solid Puget Sound Real Estate Performance

Lakeland Town Center, Moda Apartment Buys Mark Solid Puget Sound Real Estate Performance

By Alex Girda, Associate Editor California-based Loja Real Estate L.L.C. expanded outside of its home state with the acquisition of Lakeland Town Center for $39.4 million. Purchased from Lakeland Town Center II L.L.C., the 125,000-square-foot shopping center will be managed by [...]…

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South Lake Union Targeted in Historic Redevelopment, Green Technology

South Lake Union Targeted in Historic Redevelopment, Green Technology

By Alex Girda, Associate Editor Seattle heavyweight Vulcan Inc. continues to lead the market in advancements, this time heading the green charge. The Seattle Post-Intelligencer reports that Vulcan will install 24 electric-vehicle charging stations throughout the developer’s South Lake Union urban [...]…

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