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Vulcan Moves Ahead on Cascade, South Lake Union Projects

Vulcan Moves Ahead on Cascade, South Lake Union Projects

By Alex Girda, Associate Editor Making the latest additions to its prolific Seattle development portfolio, Vulcan Real Estate recently kicked off construction of two major residential projects and the conversion of an historic building. Last month Vulcan broke ground on Stack House (pictured below), a 278-unit residential complex that will occupy an entire block…

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Plans For $500M Arena Hinge on Luring NBA and NHL Teams

Plans For $500M Arena Hinge on Luring NBA and NHL Teams

By Alex Girda, Associate Editor Seattle’s ambition to land major-league basketball and hockey franchises took a major step forward with the announcement of a $500 million plan to build an arena in the SoDo district. More than half the project’s financing–$290 million—would come from private funding secured by hedge fund manager…

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Skanska USA Plans Office Tower for South Lake Union

Skanska USA Plans Office Tower for South Lake Union

By Alex Girda, Associate Editor South Lake Union is continuing its run as a regional hot spot for development. Skanska USA has started the entitlement process for construction of a 339,000-square-foot, 12-story office building, the Seattle Times reported. The property would include [...]…

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Orchard Partners Expands Puget Sound Portfolio; Greenwood Apartment Project Advances

Orchard Partners Expands Puget Sound Portfolio; Greenwood Apartment Project Advances

By Alex Girda, Associate Editor  A joint venture between Orchard Partners LLC and Morgan Stanley Real Estate Investing has closed on the acquisition of the 135,000-square-foot Creekside Distribution Center  in Kent, the Puget Sound Business Journal reports. The $10.46 million purchase Orchard Partners’ [...]…

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Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue

Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue

By Alex Girda, Associate Editor Terramar Retail Centers L.L.C. paid approximately $35 million for Canyon Park Place, a 130,786-square-foot  neighborhood retail center in Bothell. Anchored by a QFC Grocery and a Bartell’s Drugs, the center marks Calrlsbad, Calif.-based Terramar’s sixth such [...]…

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Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast

Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast

By Alex Girda, Associate Editor Seattle appears to be poised to rank high among  invesment’s frontrunners again in 2012. A recent Grubb and Ellis Co. report places Seattle’s office market in second place nationwide during a year in which that recovery will continue [...]…

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Pioneer Square Project Ready to Make its Mark on Seattle Skyline

Pioneer Square Project Ready to Make its Mark on Seattle Skyline

By Alex Girda, Associate Editor   R.D. Merrill and Daniels Real Estate are betting big on a new development that will take shape on the parking lot that sits just north of CenturyLink Field. The companies have submitted a plan for a [...]…

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Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?

Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?

By Alex Girda, Associate Editor Hines is in line to acquire Fisher Plaza complex from owner Fisher Communications in a $160 million deal, the Seattle Times disclosed. The seller will stay on as the largest tenant at the 300,000-square-foot property. Located near [...]…

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Developers Move Forward on Major Multi-Family Projects

Developers Move Forward on Major Multi-Family Projects

By Alex Girda, Associate Editor As if to underscore the finding published last month in the PwC/Urban Land Institute’s annual Emerging Trends in Real Estate report that Seattle is gaining in appeal to developers and investors, plans for two big multi-family projects have surfaced recently. In [...]…

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Seattle’s Power and Prestige Grow, Yet Pitfalls Could Await

Seattle’s Power and Prestige Grow, Yet Pitfalls Could Await

By Alex Girda, Associate Editor Even as investors continue  to covet core assets in markets like Manhattan, San Francisco and Washington, D.C., attention is also being paid to a relative newcomer to commercial real estate’s elite markets. Seattle has been humming for [...]…

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Lender Hits Pause Button on 1.5 MSF Pioneer Square Mixed-Use Project

Lender Hits Pause Button on 1.5 MSF Pioneer Square Mixed-Use Project

By Alex Girda, Associate Editor A project billed as the largest transit-oriented development on the West Coast is on hold while the construction lender, Pacific Life Insurance Co., completes a document review, the Puget Sound Business Journal reported. The pause marks [...]…

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“Crystal” Proposal Makes Tracks in Federal Way

“Crystal” Proposal Makes Tracks in Federal Way

By Alex Girda, Associate Editor A proposal for a $300 million mixed-use project with a cutting-edge design is moving closer to fruition in the city of Federal Way. Officials are negotiating exclusively with ARCADD Inc. to design and develop Crystal Way, [...]…

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