Home » Cities »  (Page 9)

Seattle


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,…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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,…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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.…

Continue reading →

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…

Continue reading →