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Microsoft Office Trades Hands as Kilroy Sheds 10 West Coast Assets

Microsoft Office Trades Hands as Kilroy Sheds 10 West Coast Assets

Kilroy Realty Corp. recently offloaded a consistent amount of inventory that netted the company approximately $309.2 million in gross proceeds. The real estate investment trust sold ten office properties totaling roughly one million square feet of space with an average occupancy rate of 84 percent.…

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Enterprise Community Investment Marks 2,000th LIHTC Investment

Enterprise Community Investment Marks 2,000th LIHTC Investment

Cheryl Chow Court, located in the Ballard neighborhood of northwestern Seattle, offers 50 studio and one-bedroom affordable apartments for formerly homeless and low-income seniors in an area undergoing a boost in development of luxury, market-rate apartments.…

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New Legislation Allows Uptick in Affordable Housing, Though City Far Behind Current Target

New Legislation Allows Uptick in Affordable Housing, Though City Far Behind Current Target

King County recently passed new legislation regarding affordable housing, paving the way for the addition of nearly 900 new units during the following five years. Due to measures taken by the State Legislature, the county will now be able to issue workforce-housing bonds worth up to $45 million. The bonds…

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Resmark JV Announces Luxury Townhomes in South Bellevue

Resmark JV Announces Luxury Townhomes in South Bellevue

Although Expedia’s announcement that it will be moving to the Seattle waterfront has given Bellevue’s real estate market somewhat of a shock, investors continue to express interest in the city. A joint venture between The Resmark Companies and local development group Windward Real Estate Services is working on the development…

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LOCA Development on Portland’s Central Eastside Receives $74M in Construction Financing

LOCA Development on Portland’s Central Eastside Receives $74M in Construction Financing

U.S. Bank recently announced that it has closed on a $74 million construction loan with developer Killian Pacific for a Portland development project. A Central Eastside site that has stood unoccupied by nothing but a herd of goats, is now finally set to be developed. Killian is finally ready to…

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Expedia Acquires Office Campus on Seattle Waterfront, Prepares to Relocate from Bellevue

Expedia Acquires Office Campus on Seattle Waterfront, Prepares to Relocate from Bellevue

Expedia, Inc. recently provided the Bellevue real estate market with quite a blow as the company announced that it is relocating, following the purchase of a new campus. One city’s loss is another’s gain as the company announced the acquisition of Amgen’s multi-building office property in Seattle. According to recent…

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Starwood, Kemper Complete Agreement Bringing W Hotels to Bellevue Collection

Starwood, Kemper Complete Agreement Bringing W Hotels to Bellevue Collection

We knew the Kemper Development Company’s The Bellevue Collection project would be expanded with a new hotel. It was recently revealed that the hospitality property would be operated by Starwood Hotels & Resorts Worldwide Inc. The two companies are set to debut the W Hotels brand, part of the $1.2…

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Holland Partner Group Acquires SLU Development Site Near Amazon’s Denny Triangle Campus

Holland Partner Group Acquires SLU Development Site Near Amazon’s Denny Triangle Campus

A new development project Is set to hit an already bustling area of Seattle. Holland Partner Group, a development company that mostly operates in the Pacific Northwest, recently acquired a high-profile development site in South Lake Union for a reported amount of $20.1 million. The new owner of the site…

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Seattle’s Tallest Tower Set to Hit Market Later This Year

Seattle’s Tallest Tower Set to Hit Market Later This Year

With the price of Seattle real estate continuing to grow, some entities are considering offloading even their most prized assets in order to ensure large cash-ins. It appears that this is the strategy that Beacon Capital Partners has set for one of its Seattle properties, namely the Columbia Center. It…

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Seattle, Portland Experience Major Home Price Growth

Seattle, Portland Experience Major Home Price Growth

The Pacific Northwest has seen its real estate market soar over the past few years with good employment numbers and development driving the two major cities anchoring the area: Seattle and Portland. The housing market is now experiencing growth in both cities, with home prices soaring over the past few…

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Apartment Complex Trades Hands Near Nike World HQ, Intel Campus

Apartment Complex Trades Hands Near Nike World HQ, Intel Campus

A joint venture between PCCP, LLC and Security Properties recently completed the acquisition of a Beaverton, OR multifamily asset. The purchase was made through Security’s Security Properties Multifamily Fund II, for a total of $39 million. The acquisition is part of a recent shopping spree completed by Security, with eight…

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Hines Acquires Large Office Asset in High-Performing Bellevue

Hines Acquires Large Office Asset in High-Performing Bellevue

Civica Office Commons in Bellevue, WA was recently acquired by international real estate firm Hines in a deal worth approximately $205 million. The Bellevue office market has consistently over-performed over the past few years, with top assets here being currently sought after at cap rates lower than the five percent…

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