Seattle
HFF Sells Seattle Parking Garage, Pockets $87M
The city of Seattle sold the 1,240-stall Pacific Place Garage to Madison Marquette.
Fundrise Goes North by Northwest
After offering individual investors the opportunity to own a piece of the massive 3 World Trade Center, the real estate crowdfunding and investment platform is setting its sights on the West Coast.
Expedia Acquires Office Campus on Seattle Waterfront, Prepares to Relocate from Bellevue
Expedia, Inc. recently provided the Bellevue real estate market with quite a blow as the company announced that it is relocating, following the purchase of a new campus. One city’s loss is another’s gain as the company announced the acquisition of Amgen’s multi-building office property in Seattle. According to recent announcements, Expedia will complete its relocation to Seattle’s waterfront by 2018. The travel company reportedly paid $228.9 million for the property, with the transaction expected to close by the end of the current quarter.
Seattle, Portland Experience Major Home Price Growth
The Pacific Northwest has seen its real estate market soar over the past few years with good employment numbers and development driving the two major cities anchoring the area: Seattle and Portland. The housing market is now experiencing growth in both cities, with home prices soaring over the past few quarters.
Market Snapshot: Seattle One of Strongest RE Markets in the U.S.
Now that most analysts are calling the official end of the real-estate economic downturn, Seattle is one of the big winners among American cities.
Vulcan Signs Costco to Office Lease
Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.
Transwestern to Manage KBS’ 490 KSF of Office Buildings in Metro Seattle
KBS has tapped Transwestern to manage two of its Class A office buildings, at 10800 and 10900 N.E. 8th St. in Bellevue, Wash. CBD.
Vulcan, Plus Investment Target South Lake Union, Bellevue with Nearly 2,000 New Residential Units
Nearly 2,000 residential units might be added to the Puget Sound’s already well-populated development pipeline. Developers Vulcan Real Estate and Plus Investment USA have lined up large residential projects in South Lake Union and Bellevue, respectively, according to recent reports. The fast pace of job creation, a growing tech market appeal and a constant flow of new residential development projects have turned such parts of the greater Seattle area into white-hot markets.
Lori Mason Curran: Evolving South Lake Union
Lori Mason Curran, Vulcan Inc.’s investment strategy director for real estate, talks about how South Lake Union continues to evolve.
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.