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Iconic Seattle M-F Property Trades Hands for $94M

Iconic Seattle M-F Property Trades Hands for $94M

Seattle’s multifamily market has recently taken a backseat to the impressive milestones of the Amazon-driven office market. However, during the past few weeks, the residential market seems to have picked up its pace and is now also breaking all sorts of records. The recent trade of the Archstone Belltown building…

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Apartment Building Trade in Seattle’s Upscale Queen Anne Breaks Record

Apartment Building Trade in Seattle’s Upscale Queen Anne Breaks Record

Recently, the sale of a small apartment building in Seattle's upscale Queen Anne neighborhood set a new high for properties with fewer than 100 residential units. …

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Growing Commercial Bank Signs Two New Washington Leases

Growing Commercial Bank Signs Two New Washington Leases

The appeal of the Northwest’s growing economy was once again highlighted as emerging financial institution Opus Bank has announced that it is in contract for two spaces in the state of Washington where it will begin operations later this year. The bank has chosen locations in Seattle and Tacoma as…

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New Convention Hotel Project Eyed for Seattle’s Downtown

New Convention Hotel Project Eyed for Seattle’s Downtown

With an opening tentatively set for 2017, the project would feature a six-story podium that will also contain around 40,000 square feet of retail space, the hotel’s lobby and an affordable housing component. The project aims to fill a void of new convention and meeting space, as the developer claims…

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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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