Seattle
Seattle’s 10 Most Transacted Submarkets by Office Sales Volume
Seattle continues to shine due to its ongoing population growth, solid employment, strong academic footprint and tech-bolstered office demand. More than $2 billion worth of office assets changed hands between January and August 2018.
EverWest Snaps Up WA Industrial Portfolio
The firm acquired a three-building package near Seattle, in a joint venture with a Colorado-based investment fund. The properties, which total 286,472 square feet, are fully occupied by global packaging company ProAmpac.
CenterPoint Nabs 295 KSF Distribution Center in WA
Sears, Roebuck and Co., had owned the property since 1991. The asset is located within proximity of both Port of Tacoma and Port of Seattle.
Pine Forest Properties Sells Bellevue Office Park for $28M
RBT Investments LLC is the new owner of I-90 Corporate Campus, two buildings situated along the Interstate 90 corridor.
Historic Downtown Seattle Hotel Changes Hands
GEM Real Estate has purchased Kimpton Palladian Hotel, a 1910-built property placed on the National Register of Historic Places. The 97-key luxury hotel includes 1,100 square feet of meeting space.
Lincoln Property Snaps Up Seattle Creative Office Asset
LBA Realty sold 501 Eastlake, a five-story, multi-tenant building in the city’s South Lake Union district, for about $59 million.
Jackson Capital Group Launches in Seattle
The brokerage firm will provide investment advisory services, with an immediate focus on the office and industrial sectors.
CenterPoint Completes Seattle Portfolio Deal
The two industrial properties are located at the gateway of the city and total approximately 342,000 square feet. They will undergo capital improvements and a rebranding.
Skanska, AECOM Hunt Tapped for Seattle Redevelopment
The estimated $700 million expansion will nearly double the Seattle Center Arena’s interior space to as much as 750,000 square feet. Construction is scheduled to start this fall.
Griffin-American REIT Buys $24M MOB in Seattle
Virginia Mason Health System and Swedish Health Services are among the tenants of the 1991-built property. The buyer financed the acquisition using cash on hand and borrowings.