Research Center - Seattle

  • Yardi Matrix: Seattle, Investor’s Paradise

    Seattle's multifamily market remains solid. Occupier and investor demand shows no signs of slipping, which has led rents to continue to grow above the national average, while investors seek to join the party.

    18 November 2016 13:09
  • Yardi Matrix: Seattle’s Spirit

    Buoyed by its technology sector and the metro’s appeal as a live-work-play environment, Seattle’s economy and multifamily market continue to break new ground.

    01 March 2016 14:36
  • Potential Development Site Trades Hands in Bellevue’s CBD for $31M

    Bellevue’s Central Business District is running out of room for development as one of the last spots in the area that could support a large commercial building was recently snapped up in a $31 million deal. Kidder Matthews representatives Andy Miller, Jason Rosauer, Dave Speers and Rob Anderson handled the sale on behalf of long-time owners Milt Walter and his wife, Sue Walter. The couple had owned the property for three decades prior to its recent trade to NIU Enterprises.

    17 June 2013 14:03
  • 440-Foot Tower Proposed for Seattle

    By Alex Girda, Associate Editor Seattle city planners have recently been forwarded plans for a brand-new 440-foot tower that would be developed at the corner of Second Avenue and Stewart Street. With permit applications yet to be filed, there are no major details on the project. However, The Seattle Times has released a number of [...]

    20 August 2012 20:25
  • American Assets Set to Snap Up City Center Bellevue in Deal Worth $229M

    By Alex Girda, Associate Editor City Center Bellevue is the object of the latest large office property purchase in the greater Seattle area, after American Assets Trust Inc. made a grab for the high-rise building. The full-service, vertically integrated and self-administered real estate investment trust is reportedly set to acquire the downtown property for a [...]

    14 August 2012 04:42
  • Stonebridge Buys Seattle Hilton from R.C. Hedreen for $60M

    By Alex Girda, Associate Editor In a deal valued at $60 million, Stonebridge Cos. has acquired the Seattle Hilton from R.C. Hedreen Co., the Puget Sound Business Journal reports. The 237-key property, which will continue to operate under the Hilton flag, is located at 1301 Sixth Avenue in Downtown Seattle. Englewood, Colo.-based Stonebridge, which operates [...]

    13 July 2012 15:48
  • JMA Ventures Buys Redmond Asset from Clarion for $39M

    By Alex Girda, Associate Editor JMA Ventures has expanded its Puget Sound portfolio with the $38.5 million acquisition of the Offices at Riverpark in Redmond. The San Francisco-based investor bought the property from Clarion Partners, which also developed the 106,281-square-foot Class A property. That translates to a sale price of $362 per square foot for [...]

    22 June 2012 21:19
  • Clarion Buys 1600 Seventh Ave. Tower in $137M Sale-Leaseback

    By Alex Girda, Associate Editor In a $137 million sale-leaseback deal, Clarion Partners L.L.C. has taken ownership of 1600 Seventh Ave., a 598,000-square-foot office tower in Downtown Seattle. CenturyLink, the telecommunications company formerly known as Qwest Communications,  sold the property it has occupied for 36 years and will remain in 260,000 square feet of the  tower. A team from [...]

    24 April 2012 22:01
  • Financial Distress Relieved, Smith Tower Seeks To Build Occupancy

    By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Closing a chapter of financial distress for Seattle’s first high-rise office building, the Smith Tower has come under ownership of CBRE Capital Partners.  The firm was the sole bidder for the century-old building and offered $36.8 million at a King County foreclosure auction last month, the [...]

    13 April 2012 16:59