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Bellevue Gains Brand-New Mixed-Use Project as Area Development Picks Up

Bellevue Gains Brand-New Mixed-Use Project as Area Development Picks Up

Originally thought to be the result of a partnership between SRM and Denver-based Frontier Renewal, the latter eventually announced that it is selling its stake in the project. SRM Development is currently involved in a number of developments in Bellevue, as well as in charge of Google’s campus in nearby…

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Capstone Plans Redmond, Portland Developments

Capstone Plans Redmond, Portland Developments

Two developments in the Northwest’s largest metro areas are moving forward after developer Capstone Partners cemented its involvement with them only recently. The company acquired a 28-acre development site in Redmond from Group Health Cooperative for a $32.55 million fee. The company plans to develop a mixed-use project on the…

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New Hyatt Place to Be Developed Near Angle Lake in SeaTac

New Hyatt Place to Be Developed Near Angle Lake in SeaTac

Local development company Ariel Development has announced plans to develop a new hospitality facility in the suburban city of SeaTac. The seasoned developer is set to build a new hotel that will operate under the Hyatt Place brand. The investment will have a total value of around $25 million, and…

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Iconic Seattle Office Building Changes Hands

Iconic Seattle Office Building Changes Hands

By Alex Girda, Associate Editor Seattle’s office market has been praised repeatedly over the past couple of years for constantly producing major transactions and for the way in which areas such as South Lake Union have defined themselves as the next big tech destinations in the country. The investor response…

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Project Touted as “Greenest Commercial Building” Lives Up to Its Name

Project Touted as “Greenest Commercial Building” Lives Up to Its Name

By Alex Girda, Associate Editor The green building trend was really embraced by Seattle’s major developers with a number of buildings, chief among which is the new Federal Center South Building built by GSA for the U.S. Army Corps of Engineers, making headlines for the innovative ways in which established…

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Seattle’s New Skyscraper to Get SLS-Branded Boutique Hotel

Seattle’s New Skyscraper to Get SLS-Branded Boutique Hotel

The SLS Hotel Seattle will occupy floors 2 through 15, and offer guests 184 rooms to choose from, all designed with its signature boutique-style in mind. Located at 5th and Columbia in the city’s downtown, the new skyscraper will begin construction during this year’s Q4 with a 2016 completion date…

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Downtown Seattle Real Estate Market Set for Two New Deals

Downtown Seattle Real Estate Market Set for Two New Deals

The Logan Building offers tenants 108,000 square feet of office space in the city’s downtown area. With a strong occupancy rate of around 93 percent, major names currently residing at the five-decade-old building include the Downtown Seattle Association, as well as retailers Butch Blum and Specialty’s Café & Bakery. The…

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Schnitzer West Raises Funds Through Office Sale for Speculative Industrial, Office Development

Schnitzer West Raises Funds Through Office Sale for Speculative Industrial, Office Development

Seven office buildings, part of Schnitzer West’s portfolio recently traded for $25.8 million, to Eastside investor Stan Rosen. The assets are located in Bothell, in the North Creek office campus. The deal was made for a 126,000-square foot campus, and Tech Center II, an office building totaling 31,000 square feet…

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Skanska USA Commercial Development’s First Seattle Effort Holds Groundbreaking

Skanska USA Commercial Development’s First Seattle Effort Holds Groundbreaking

Stone34 was designed to become a door opener for the Burke-Gilman Trail, and will serve a diverse population for the area. It features ground floor retail and four levels of office space totaling 129,000 square feet. 8,500 square feet of outdoor pedestrian area are included in the building plans. The…

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Kilroy Snaps Up $170M Office Property in Booming South Lake Union

Kilroy Snaps Up $170M Office Property in Booming South Lake Union

Located on an entire city block at 320 Westlake and 321 Terry Avenue North, the 320,399-squar foot office campus was built in 2007. It is set on a major transit line with other mass transit arterials located in the immediate vicinity of the facility. The two-building Westlake Terry has the…

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Rockefeller Group, Sterling Realty Plan Bellevue Office Complex

Rockefeller Group, Sterling Realty Plan Bellevue Office Complex

By Alex Girda, Associate Editor New York-based real estate company The Rockefeller Group is partnering with local entity Sterling Realty Organization on development of a 2.4 million-square-foot mixed-use office-and-retail complex on a 5.5-acre lot owned by Sterling Realty and located in Bellevue’s downtown area. The project will progress in phases,…

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Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

Kauri Investments sold the 56-unit residential community, part of a larger project that also includes a Hyatt Place hotel. Kauri did not include the 160-key hospitality property in the deal perfected with Essex. Developed in 2010, the complex is located at 110 Sixth Avenue N., near the Seattle Center. According…

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