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Madison Development Moves to Fill “The Hole” in West Seattle

Madison Development Moves to Fill “The Hole” in West Seattle

By Alex Girda, Associate Editor  Three years after excavation started and later stalled, a mothballed mixed-use project in West Seattle is on the brink of going forward.  An affiliate of Madison Development Group L.L.C. paid $32 million in a foreclosure auction [...]…

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State’s Largest Multi-Family Complex Trades for $150M

State’s Largest Multi-Family Complex Trades for $150M

By Alex Girda, Associate Editor  Investors continue to splash the cash for high-quality properties in the Seattle area. The latest example is the 882-unit Archstone Redmond Hill in Redmond, the state’s largest multi-family property, which has traded  for $150.1 million. The [...]…

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AvalonBay Adds to Project Pipeline; Connell Eyes Early 2012 Completion for Rebooted Condos

AvalonBay Adds to Project Pipeline; Connell Eyes Early 2012 Completion for Rebooted Condos

By Alex Girda, Associate Editor  Seattle has been one of the brighter spots of the real estate market’s gradual recuperation over the past few years, and the region’s multi-family development trend is adding to that luster. At least 14 apartment projects [...]…

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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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