Marketing - Seattle

  • Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower

    1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location late next year.

    23 June 2015 18:28
  • Bluetooth’s Home in Kirkland Acquired in $30M Deal

    The building that houses Bluetooth’s current headquarters was sold this week in a deal worth approximately $31.5 million. Buyer American Realty Advisors out of Glendale, CA, paid the purchase fee to former owner Talon Private Capital for the Kirkland office building. Known as Waterfront Place, the property claimed a record-breaking per-square-foot price for the area, with the Puget Sound Business Journal reporting a rate of $604 per square foot.

    23 August 2014 05:27
  • Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset

    Block 300 in Portland, one of the most high-profile office properties in the Pacific Northwest city has recently completed a major milestone. The property was awarded with LEED Gold certification for Existing Buildings: Operations & Maintenance by the United States Green Building Council. The certification is a result of the recent modifications brought to the asset, a recent renovation process having been carried out at the facility by the owning joint venture between JPMorgan, Starwood Capital Group, and Kaufman Jacobs.

    12 July 2014 04:59
  • Portland Residential Community Trades Hands for $50M

    A California-based multifamily investment firm recently completed the acquisition of a Portland, OR asset, as HFO Investment Real Estate reports. According to the investment brokerage firm, the Monterey Springs Apartments in Clackamas County traded hands for a total fee of around $51.25 million. HFO was in charge of arranging the transaction on behalf of both the buyer, and the seller, a private equity group from the Midwest.

    18 May 2014 04:54
  • HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties

    Pacific Northwest property owners and real estate investors are completing financing deals for properties as the area continues to develop, in an attempt to boost their chances at securing promising properties, or improving assets in their existing portfolios. Berkadia Commercial Mortgage LLC and Holiday Fenoglio Fowler LLC both arranged financing deals for properties in Seattle and Portland respectively.

    10 May 2014 04:14
  • Radiator Building Signs First Major Tenant

    One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One North Development with the Kartini Clinic, an entity that deals with the treatment of eating disorders in children and young adults. The new tenant will occupy the top two of the five floors of the Radiator building starting with March 2015.

    01 April 2014 05:17
  • Hudson Pacific Agrees to $57M Fee for Merrill Place in Off-Market Transaction

    A purchase agreement for an office and retail asset in Seattle’s Pioneer Square submarket was recently struck between buyer Hudson Pacific Properties and a joint venture between Angelo Gordon, Nitze-Stagen and Mile Rock Capital. According to a recently released press statement, the off-market transaction will have a value of approximately $57.7 million. That same statement pegged the closing date for the deal sometime next month.

    28 January 2014 05:41
  • AEW Buys Renton Shopping Center from Pearlmark Harvest Lakeshore in Blockbuster Deal

    A massive retail transaction was recently completed for a large Renton property in a deal worth approximately $165.4 million. A unit of Boston-based investment fund AEW Global purchased the The Landing shopping center from its now former owner and developer Pearlmark Harvest Lakeshore. Following the transaction, management duties for The Landing will continue to be carried out by JSH Properties.

    07 January 2014 05:04
  • Seattle’s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties

    As the city skyrockets in terms of development, a big change was recently announced to its skyline. Earlier this week, local developer Greg Smith expressed plans to build the city’s tallest building, setting a new bar for new developments in terms of both height and ambition. According to the Puget Sound Business Journal, should the development come to reality, the process would be time consuming as the necessary design approvals and paperwork would take at least a year.

    10 December 2013 09:52
  • Skanska Rolls Out 400 Fairview Development Project with Brand-New Anchor Tenant

    One of the most active foreign developers in the bustling Seattle market in recent years has undeniably been Stockholm, Sweden-based Skanska. The developer is operating its interests here through subsidiary Skanska USA, and now it has a new investment going in the city. The company has announced a $150 million investment in a new office and retail development project in the meteoric South Lake Union neighborhood of Seattle, one of the primary engines for growth in the Seattle real estate market.

    22 October 2013 03:54
  • New M-F Deal Completed in Seattle as Company Continues Shopping Spree

    As Seattle continues to grow and its development pipeline keeps being populated, investors are obviously keeping one eye on the city’s multifamily assets. One company that has recently moved on the market is JB Matteson Inc, with the company announcing the acquisition of Greenhouse Apartments, in a deal worth $32.1 million. The San Mateo, CA-based company is the new owner of the Columbia City residential asset. Property management services will be handled by E&S Ring Management Corporation, who currently manages other JB Matteson properties.

    14 October 2013 01:38
  • Developers Break Ground on Ambitious Spring District After Six Years in the Pipeline

    One of the most high-profile development projects in the Puget Sound area is definitely Wright Runstad & Company’s ambitious Spring District. The intensely scrutinized transit-oriented urban neighborhood, as it has been called by its developers, recently held a groundbreaking ceremony at the Bellevue site. Mayor Conrad Lee as well as Wright Runstad President, Greg Johnson both held speeches regarding the importance of the project for the area after which guests were invited to roll up their sleeves and contribute to the demise of the first warehouse that is set to go down and make way for the Spring District.

    23 September 2013 04:37
  • Corporate Park in Kent Fetches $170M, in Northwest’s Largest Industrial Sale

    A landmark deal was recently completed after the Pacific Northwest’s largest industrial property finally traded hands for quite the fee. The Northwest Corporate Park in Kent was acquired by an affiliate of New York-based private equity fund manager KTR Capital Partners. The deal cost the buyer a staggering $170 million, a price tag that makes the transaction the largest of its kind in the entire Northwest, and one of the reference points of the West Coast real estate market in 2013.

    09 July 2013 20:30
  • Hobby Lobby Set for First Oregon Location

    A retail giant is setting its sights on new opportunities in the state of Oregon as Hobby Lobby has announced that it is expanding its Pacific Northwest operations with a brand new store in Portland. The retailer has selected the Heritage Mall in Albany, OR to house its first location. Hobby Lobby currently operates another three stores in the Seattle metro area, as well as two other locations in the state of Washington.

    03 June 2013 20:27
  • 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 advantage of LEED Gold certification from the United States Green Building Council, and is therefore a much sought-after type of office building.

    28 January 2013 18:51