{"id":1004067373,"date":"2013-02-17T19:56:30","date_gmt":"2013-02-18T03:56:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=102880"},"modified":"2022-03-03T13:56:22","modified_gmt":"2022-03-03T21:56:22","slug":"downtown-seattle-real-estate-market-set-for-two-new-deals","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/","title":{"rendered":"Downtown Seattle Real Estate Market Set for Two New Deals"},"content":{"rendered":"<p class=\"MsoNormal\">By Alex Girda, Associate Editor<\/p>\n<p class=\"MsoNormal\">Seattle\u2019s commercial real estate market is hitting its cruising speed with a number of high-profile deals set to be closed by the end of the quarter. <a href=\"https:\/\/www.bizjournals.com\/seattle\/blog\/2013\/02\/unico-buying-downtown-seattle-office.html?iana=ind_cre\" target=\"_blank\" rel=\"nofollow noopener\">The Puget Sound Business Journal<\/a> recently broke the news regarding two acquisitions that are set to be finalized soon. The buyer in both instances is Unico Properties, an entity looking to snap up two of the properties that make up the Harbor Urban portfolio, a joint venture created by Urban Properties in Los Angeles and AREA Property Partners, a New York-based real estate company.<\/p>\n<p class=\"MsoNormal\">Both located in downtown Seat<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-102922\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg\" alt=\"\" width=\"201\" height=\"300\" \/><\/a>tle, the two properties were part of the Bullit family\u2019s original Harbor Properties portfolio, a venture that was eventually sold to the aforementioned partnership that became Harbor Urban. The two properties in question are the Logan Building, a 10-story office building located on the corner of Fifth Avenue and Union Street, and Pike Place Market, a retail property located near the waterfront of Elliot Bay at the base of a condo building and in the immediate vicinity of the Four Seasons Hotel. <span>\u00a0<\/span><\/p>\n<p class=\"MsoNormal\">The Logan Building offers tenants 108,000 square feet of office space in the city\u2019s downtown area. With a strong occupancy rate of around 93 percent, major names currently residing in the five-decade-old building include the Downtown Seattle Association, as well as retailers Butch Blum and Specialty\u2019s Caf\u00e9 &amp; Bakery. The Pike Place public market includes retailers such as Cinnamon Works, Crepe de France, Hands of the World, Johnson Berry Farm, Marakesh Leather and The Great Wind-Up. The anchor tenant is Pike Brewing Co.<\/p>\n<p>Image courtesy of <em>harborportfolio.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Logan Building offers tenants 108,000 square feet of office space in the city&rsquo;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&rsquo;s Caf&eacute; &amp; Bakery. The Pike Place public market includes retailers such as Cinnamon Works, Crepe de France, Hands of the World, Johnson Berry Farm, Marakesh Leather and The Great Wind-Up. The anchor tenant is Pike Brewing Co.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[1815],"class_list":["post-1004067373","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Downtown Seattle Real Estate Market Set for Two New Deals - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downtown Seattle Real Estate Market Set for Two New Deals\" \/>\n<meta property=\"og:description\" content=\"The Logan Building offers tenants 108,000 square feet of office space in the city&rsquo;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&rsquo;s Caf&eacute; &amp; Bakery. The Pike Place public market includes retailers such as Cinnamon Works, Crepe de France, Hands of the World, Johnson Berry Farm, Marakesh Leather and The Great Wind-Up. The anchor tenant is Pike Brewing Co.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-18T03:56:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T21:56:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Downtown Seattle Real Estate Market Set for Two New Deals\",\"datePublished\":\"2013-02-18T03:56:30+00:00\",\"dateModified\":\"2022-03-03T21:56:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/loganbuilding2.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/\",\"name\":\"Downtown Seattle Real Estate Market Set for Two New Deals - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/loganbuilding2.jpg\",\"datePublished\":\"2013-02-18T03:56:30+00:00\",\"dateModified\":\"2022-03-03T21:56:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/loganbuilding2.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/loganbuilding2.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/downtown-seattle-real-estate-market-set-for-two-new-deals\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Downtown Seattle Real Estate Market Set for Two New Deals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Downtown Seattle Real Estate Market Set for Two New Deals - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/","og_locale":"en_US","og_type":"article","og_title":"Downtown Seattle Real Estate Market Set for Two New Deals","og_description":"The Logan Building offers tenants 108,000 square feet of office space in the city&rsquo;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&rsquo;s Caf&eacute; &amp; Bakery. The Pike Place public market includes retailers such as Cinnamon Works, Crepe de France, Hands of the World, Johnson Berry Farm, Marakesh Leather and The Great Wind-Up. The anchor tenant is Pike Brewing Co.","og_url":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-02-18T03:56:30+00:00","article_modified_time":"2022-03-03T21:56:22+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg","type":"","width":"","height":""}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Downtown Seattle Real Estate Market Set for Two New Deals","datePublished":"2013-02-18T03:56:30+00:00","dateModified":"2022-03-03T21:56:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/"},"wordCount":282,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg","keywords":["National"],"articleSection":["News","Seattle"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/","url":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/","name":"Downtown Seattle Real Estate Market Set for Two New Deals - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg","datePublished":"2013-02-18T03:56:30+00:00","dateModified":"2022-03-03T21:56:22+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/loganbuilding2.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-real-estate-market-set-for-two-new-deals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Downtown Seattle Real Estate Market Set for Two New Deals"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004067373"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067373\/revisions"}],"predecessor-version":[{"id":1004570256,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004067373\/revisions\/1004570256"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004067373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004067373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004067373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}