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The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures

The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures

A Chicago-based investor has recently acquired The Hilton Portland and Executive Tower, the Portland Business Journal reports. The transaction is speculated to be worth approximately $100 million, which is not a staggering amount, considering the fact that the property is the city’s largest hotel. In fact, the per-room sale price…

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1201 Third Ave. Tower Nears Deal

1201 Third Ave. Tower Nears Deal

1201 Third Ave. is one of four properties that Beacon Capital has put up for sale in the greater Seattle area. The other three have been bundled together as a single deal and include U.S. Bank Plaza, Plaza East and Plaza Center, all in nearby Bellevue. They were acquired by…

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Government Building LEEDs Through Example

Government Building LEEDs Through Example

Built by a team comprising design company ZGF Architects and developer Sellen Construction using funds provided through the Recovery Act, the building ushers in a new era of government properties. The $72 million office building offering up 209,000 square feet of space seems on track to achieve an Energy Star…

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Amazon.com Set to Break Records with Purchase of HQ from Vulcan

Amazon.com Set to Break Records with Purchase of HQ from Vulcan

In a long-anticipated deal, Amazon.com, the world’s largest online retailer, finally acquired its 11-building headquarters in Seattle from owner Vulcan Real Estate. The Paul Allen-controlled investment company received a whopping $1.2 billion for the property, placing the transaction in a single-horse race for the title of the year’s largest U.S.…

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Booming Residential Markets Ignite Portland, Seattle Multifamily Sales

Booming Residential Markets Ignite Portland, Seattle Multifamily Sales

By Alex Girda, Associate Editor Two residential properties recently traded hands in the Pacific Northwest, totaling $88 million and intensifying speculation that Seattle and Portland are both about to experience apartment booms. An improving business environment spurred by corporate residents such as Microsoft Corp. and Amazon.com combined with the larger…

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Seattle Property Sales Promise New Prices Records

Seattle Property Sales Promise New Prices Records

By Alex Girda, Associate Editor The sale of Seattle’s Russell Investments Center earlier this year scored a $480 million jackpot, but the city is already expecting that record to be blown out of the water. One of the city’s most iconic skyscrapers is now on the market and ready to…

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Woodinville Apartment Complex Latest Addition to Grosvenor’s Value-Add Portfolio

Woodinville Apartment Complex Latest Addition to Grosvenor’s Value-Add Portfolio

By Alex Girda, Associate Editor Grosvenor Americas recently announced the acquisition of the Waterford Place Apartments in Seattle’s Woodinville suburb for $58.4 million. The property group will now pursue a substantial property renovation to add value to the newest member of its portfolio. Upgrades are deemed necessary for most of…

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Wood Partners to Begin Construction on New Apartment Building

Wood Partners to Begin Construction on New Apartment Building

By Alex Girda, Associate Editor Nationwide multifamily developer Wood Partners announced construction on its latest Seattle-area apartment building is set to begin. The company will develop a 27-story residential complex at 225 Cedar St. in Belltown. The dining- and entertainment-heavy district is a suitable venue for the multifamily project, which…

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440-Foot Tower Proposed for Seattle

440-Foot Tower Proposed for Seattle

By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times…

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American Assets Set to Snap Up City Center Bellevue in Deal Worth $229M

American Assets Set to Snap Up City Center Bellevue in Deal Worth $229M

By Alex Girda, Associate Editor City Center Bellevue is the object of the latest large office property purchase in the greater Seattle area, after American Assets Trust Inc. made a grab for the high-rise building. The full-service, vertically integrated and self-administered real estate investment trust is reportedly set to acquire…

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Kilroy Continues Washington State Spending Spree with Bellevue’s Skyline Tower

Kilroy Continues Washington State Spending Spree with Bellevue’s Skyline Tower

By Alex Girda, Associate Editor Kilroy Realty Corp. is carrying on with its massive Northwestern assault in terms of spending. The well-known real estate investment trust recently announced the acquisition of a downtown Bellevue office tower known as Skyline Tower. The Los Angeles-based firm paid a reported $186.9 million to…

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Pebblebrook Buys Boutique Hotels in Seattle, Portland

Pebblebrook Buys Boutique Hotels in Seattle, Portland

By Alex Girda, Associate Editor Pebblebrook Hotel Trust has secured two of the Northwest’s prime boutique properties: The Hotel Vintage Park Seattle and the Hotel Vintage Plaza Portland, which are located in Seattle’s downtown financial center and Portland’s downtown respectively. The REIT paid $63 million for the properties. The 124-key…

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