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Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential

Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential

A prominent Schuster Group-owned multifamily project in the Seattle neighborhood of Belltown recently traded hands. The Joseph Arnold Lofts traded hands for a fee of $68.2 million.…

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Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing

Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing

Mercy Housing Northwest has been selected by the Sound Transit to develop a new affordable, transit-oriented project in Southeast Seattle. The company has been tasked with the construction of a multifamily complex near the Othello Link light rail station. Mercy received the contract for the development after a selection process…

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New Housing Facility Breaks Ground at Cornish College of Arts Campus

New Housing Facility Breaks Ground at Cornish College of Arts Campus

Construction has begun on a new facility that will serve the Cornish College of the Arts in Seattle recently. The development team headed by Capstone Development Partners held a groundbreaking ceremony at the Residence Hall and Learning Center at 2025 Terry Avenue.…

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Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties

Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties

The Pacific Northwest has seen an upswing in activity in its multifamily market during the first quarter of 2014, with residential deals and projects taking the center stage in a market that was very focused on its office sector. This past week has seen TruAmerica Multifamily acquire a West Seattle…

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Radiator Building Signs First Major Tenant

Radiator Building Signs First Major Tenant

One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One…

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Development News: Metro-Area Residential Development Projects Budding as Spring Hits Seattle

Development News: Metro-Area Residential Development Projects Budding as Spring Hits Seattle

The Seattle development scene blew up recently with no less than three major moves announced across the city. One of the fastest growing tech markets of the past few years, Seattle is driven by serious activity in the downtown area, and its over-performing South Lake Union neighborhood. Continental Properties, Murray…

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Master-Planned Residential Community Unveiled by Developer UCP South of Puget Sound

Master-Planned Residential Community Unveiled by Developer UCP South of Puget Sound

A huge master-planned community was recently unveiled at the southern end of the Puget Sound. San Jose-based UCP Inc., a company dealing with homebuilding and land development announced its The Preserve at Turnwater Place in Turnwater, Washington. This will be the developer’s first selling community in the state’s real estate…

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Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett

Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett

A real estate investment management services company recently ramped up its activity in the Pacific Northwest with a multifamily acquisition, following a number of deals in the area’s commercial sector. Lowe Enterprises Investors recently announced its acquisition of a residential complex in the city of Everett, WA on behalf of…

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Portland Hospitality Heats Up: Lloyd Center DoubleTree Goes Up for Sale, Governor Hotel Gets New Name

Portland Hospitality Heats Up: Lloyd Center DoubleTree Goes Up for Sale, Governor Hotel Gets New Name

The debate over the development of a major hotel-convention center in downtown Portland has been going on for quite a while. Now, a property that could influence willing investors has been put up for sale by its owner, prompting new discussions about a new major hospitality project in the city.…

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NorthEdge Office Development in South Lake Union’s Wallingford Fast-Tracked by Touchstone

NorthEdge Office Development in South Lake Union’s Wallingford Fast-Tracked by Touchstone

A number of projects in the booming submarket of South Lake Union have raced to the development process, while others have lingered in the early stages of planning. Now, a project that had been long-announced is reportedly being fast-tracked by the company in charge. Developer Touchstone recently announced that it…

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Capstone to Break Ground on Live-Work Campus in Redmond This Summer

Capstone to Break Ground on Live-Work Campus in Redmond This Summer

Redmond-based tech giant Microsoft is set to get crowded as a massive mixed-use development project was recently announced in the vicinity of the software company’s headquarters. Developer Capstone Partners has released plans for a new urban village that would create a new live-work community able to accommodate around 8,000 people.…

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Hedreen Mega-Hotel Project Clears Another Hurdle

Hedreen Mega-Hotel Project Clears Another Hurdle

Seattle developer R.C. Hedreen & Co. has been pushing through its initiative of developing a mega hotel project In the city’s downtown. With the Pacific Northwest’s rise to prominence in recent years, the major cities have seen their hospitality stock be reassessed as investors are looking to expand the offering…

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