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Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue

Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue

By Alex Girda, Associate Editor Terramar Retail Centers L.L.C. paid approximately $35 million for Canyon Park Place, a 130,786-square-foot  neighborhood retail center in Bothell. Anchored by a QFC Grocery and a Bartell’s Drugs, the center marks Calrlsbad, Calif.-based Terramar’s sixth such [...]…

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Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast

Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast

By Alex Girda, Associate Editor Seattle appears to be poised to rank high among  invesment’s frontrunners again in 2012. A recent Grubb and Ellis Co. report places Seattle’s office market in second place nationwide during a year in which that recovery will continue [...]…

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Pioneer Square Project Ready to Make its Mark on Seattle Skyline

Pioneer Square Project Ready to Make its Mark on Seattle Skyline

By Alex Girda, Associate Editor   R.D. Merrill and Daniels Real Estate are betting big on a new development that will take shape on the parking lot that sits just north of CenturyLink Field. The companies have submitted a plan for a [...]…

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Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?

Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?

By Alex Girda, Associate Editor Hines is in line to acquire Fisher Plaza complex from owner Fisher Communications in a $160 million deal, the Seattle Times disclosed. The seller will stay on as the largest tenant at the 300,000-square-foot property. Located near [...]…

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Developers Move Forward on Major Multi-Family Projects

Developers Move Forward on Major Multi-Family Projects

By Alex Girda, Associate Editor As if to underscore the finding published last month in the PwC/Urban Land Institute’s annual Emerging Trends in Real Estate report that Seattle is gaining in appeal to developers and investors, plans for two big multi-family projects have surfaced recently. In [...]…

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Seattle’s Power and Prestige Grow, Yet Pitfalls Could Await

Seattle’s Power and Prestige Grow, Yet Pitfalls Could Await

By Alex Girda, Associate Editor Even as investors continue  to covet core assets in markets like Manhattan, San Francisco and Washington, D.C., attention is also being paid to a relative newcomer to commercial real estate’s elite markets. Seattle has been humming for [...]…

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Lender Hits Pause Button on 1.5 MSF Pioneer Square Mixed-Use Project

Lender Hits Pause Button on 1.5 MSF Pioneer Square Mixed-Use Project

By Alex Girda, Associate Editor A project billed as the largest transit-oriented development on the West Coast is on hold while the construction lender, Pacific Life Insurance Co., completes a document review, the Puget Sound Business Journal reported. The pause marks [...]…

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“Crystal” Proposal Makes Tracks in Federal Way

“Crystal” Proposal Makes Tracks in Federal Way

By Alex Girda, Associate Editor A proposal for a $300 million mixed-use project with a cutting-edge design is moving closer to fruition in the city of Federal Way. Officials are negotiating exclusively with ARCADD Inc. to design and develop Crystal Way, [...]…

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Madison Development Moves to Fill “The Hole” in West Seattle

Madison Development Moves to Fill “The Hole” in West Seattle

By Alex Girda, Associate Editor  Three years after excavation started and later stalled, a mothballed mixed-use project in West Seattle is on the brink of going forward.  An affiliate of Madison Development Group L.L.C. paid $32 million in a foreclosure auction [...]…

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State’s Largest Multi-Family Complex Trades for $150M

State’s Largest Multi-Family Complex Trades for $150M

By Alex Girda, Associate Editor  Investors continue to splash the cash for high-quality properties in the Seattle area. The latest example is the 882-unit Archstone Redmond Hill in Redmond, the state’s largest multi-family property, which has traded  for $150.1 million. The [...]…

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AvalonBay Adds to Project Pipeline; Connell Eyes Early 2012 Completion for Rebooted Condos

AvalonBay Adds to Project Pipeline; Connell Eyes Early 2012 Completion for Rebooted Condos

By Alex Girda, Associate Editor  Seattle has been one of the brighter spots of the real estate market’s gradual recuperation over the past few years, and the region’s multi-family development trend is adding to that luster. At least 14 apartment projects [...]…

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Seattle Housing Market Could Be This Year’s Sleeper

Seattle Housing Market Could Be This Year’s Sleeper

By Alex Girda, Associate Editor Seattle’s booming office market has eclipsed its housing sector in recent months, but the housing market could turn out to be a sleeper. Recent numbers indicate that 2011 is on track to edge last year’s home sales. Although [...]…

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