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Vulcan Real Estate Debates Multifamily Developments as Project Pipeline Grows Longer

Vulcan Real Estate Debates Multifamily Developments as Project Pipeline Grows Longer

The project is somewhat unusual for the Paul Allen-controlled entity as the company has focused its attention on South Lake Union, its only non-SLU development being the Martin apartments, an ongoing residential project next to the Cinerama Theater. The Seattle Housing Authority is currently considering Vulcan, along with a number…

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Amazon’s Denny Triangle Campus Phase One Gets General Contractor in Sellen

Amazon’s Denny Triangle Campus Phase One Gets General Contractor in Sellen

By Alex Girda, Associate Editor Amazon.com has recently announced the developer that will be taking charge of its first phase Seattle campus in the downtown area of Denny Triangle. The tech giant has named local company Sellen Construction as the contractor for the much talked about development in downtown Seattle,…

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Amazon.com-Occupied Office Tower Trades Hands, Expands in Denny Triangle

Amazon.com-Occupied Office Tower Trades Hands, Expands in Denny Triangle

Amazon.com is the bona fide engine of Seattle’s office market. If evidence of that fact up until this point is still deemed unconvincing, just take a look at the recent Amazon-involved headlines. West 8th, the online giant’s new residence was recently purchased in a deal, which according to public records…

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South Lake Union Set for Rezoning Overhaul

South Lake Union Set for Rezoning Overhaul

By Alex Girda, Associate Editor South Lake Union is growing at a frantic pace. Some developers are pitching office high-rises in hopes of scoring one of the big names that are constantly circling the neighborhood’s available office space, while others are proposing the next young-professional-oriented multifamily building. However, growth must…

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Seattle’s Booming Office Market Prompts Developers to Dive In Head First

Seattle’s Booming Office Market Prompts Developers to Dive In Head First

By Alex Girda, Associate Editor The local office market has seen a number of blockbuster transactions this year, illustrating high interest in what Seattle has to offer. In fact, there doesn't seem to be enough space to go around, and developers like Skanska USA are currently considering speculative construction, Skanska on…

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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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