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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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Holland, Wood Partners Plan Additions to Housing Development Portfolios

Holland, Wood Partners Plan Additions to Housing Development Portfolios

By Alex Girda, Associate Editor Seattle has been seeing a positive turn in its amount of residential development activity during the past few weeks, with a series of projects breaking ground in previously “forgotten” locations around the city. This week, reports [...]…

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South Lake Union Rates High but Lacks Key Elements

South Lake Union Rates High but Lacks Key Elements

By Alex Girda, Associate Editor  South Lake Union has rapidly gained status as a biotechnology and global healthcare hub, but achieving its full potential will require a great deal of public funding and policy changes, according to a study reported in [...]…

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Selling Space in Seattle

Selling Space in Seattle

By Alex Girda, Associate Editor Seattle has seen an active sales market lately. Among its varied deals was the sale of Legacy Corporate Center in Redmond for $14.2 million, or $140 per square foot. The buyer is an entity based in [...]…

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Will Seattle Housing Snap, Crackle or Pop?

Will Seattle Housing Snap, Crackle or Pop?

By Alex Girda, Associate Editor Seattle housing is making waves in the news, but homebuilders tell a slightly different story. A recent report in The Seattle Times offers some insight into what homebuilders have to do to perfect a sale. Offers [...]…

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Striking Deals, Breaking Ground in the Emerald City

Striking Deals, Breaking Ground in the Emerald City

By Alex Girda, Associate Editor Seattle has been buzzing with activity in the past week, and it’s not just due to the coffee. Real estate deals have been closing and the city has adopted some new zoning requirements that could pave [...]…

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Puget Sound Sees Positive Signs

Puget Sound Sees Positive Signs

By Alex Girda, Associate Editor The national market is still not looking great, but for Seattle there currently are several indications that it’s not looking that bad, either. The news this week indicates positive moves in the larger sectors of the [...]…

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