{"id":1004088149,"date":"2013-12-10T01:52:21","date_gmt":"2013-12-10T09:52:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=224119"},"modified":"2022-03-04T06:07:59","modified_gmt":"2022-03-04T14:07:59","slug":"seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/","title":{"rendered":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

As the city’s development market skyrockets, a big change to its skyline has been announced, with local developer Greg Smith expressing plans to build the city\u2019s tallest building, setting a new bar for new developments in terms of both height and ambition. According to the Puget Sound Business Journal<\/em><\/a>, 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.<\/p>\n

Urban Vision\u2019s plan is to build a 77-story tower in downtown Seattle, a white hot area for office and residential development where the city\u2019s tech appeal has greatly improved the image of the area. The proposed tower would only beat Columbia Center, the current title holder, by just one floor. The location of the skyscraper, according to PSBJ would be the current site of the Metropolitan Grill steakhouse. Greg Smith\u2019s Urban Visions, a privately held local real estate development company, will work on the project with Martin Smith Inc., a real estate investment and management entity, for which Mickey Smith, Greg Smith\u2019s brother, is a principal.<\/p>\n

In other real estate news, Holiday Fenoglio Fowler recently announced that it had provided a retail center in Yakima, Wash., with a loan worth $42 million. HFF worked on behalf of CenterCal Properties, the owner of the Valley Mall and Valley Mall Plaza properties totaling 679,845 square feet of space. The regional mall and the retail power center boast a vacancy rate of six percent.<\/p>\n

HFF arranged a seven-year, full-term interest-only loan at a floating-rate of LIBOR plus 170 basis points. The two properties’ tenant rosters include names such as Macy\u2019s, Sears, Kohl\u2019s, T.J. Maxx, Ross Dress for Less, Bed Bath & Beyond, Michael\u2019s, Ulta and Old Navy. The property last went through a renovation twelve years ago. The owners will use the funds secured with the help of HFF for the refinancing of maturing debt on the asset. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/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-1004088149","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle","tag-national"],"acf":[],"yoast_head":"\nSeattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties - 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\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/\" \/>\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=\"2013-12-10T09:52:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T14:07:59+00:00\" \/>\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\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties\",\"datePublished\":\"2013-12-10T09:52:21+00:00\",\"dateModified\":\"2022-03-04T14:07:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/\"},\"wordCount\":342,\"commentCount\":0,\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/\",\"name\":\"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2013-12-10T09:52:21+00:00\",\"dateModified\":\"2022-03-04T14:07:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties\"}]},{\"@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":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties - 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\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/","og_locale":"en_US","og_type":"article","og_title":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties","og_description":"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.","og_url":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-12-10T09:52:21+00:00","article_modified_time":"2022-03-04T14:07:59+00:00","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\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties","datePublished":"2013-12-10T09:52:21+00:00","dateModified":"2022-03-04T14:07:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/"},"wordCount":342,"commentCount":0,"keywords":["National"],"articleSection":["News","Seattle"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/","url":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/","name":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-12-10T09:52:21+00:00","dateModified":"2022-03-04T14:07:59+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/seattles-tallest-skyscraper-announced-hff-finances-yakima-valley-retail-properties\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Seattle\u2019s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties"}]},{"@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\/1004088149","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=1004088149"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004088149\/revisions"}],"predecessor-version":[{"id":1004570668,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004088149\/revisions\/1004570668"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004088149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004088149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004088149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}