Lightstone Group plans upgrades after buying Outlet Collection Seattle for $82 million
Lightstone Group plans upgrades after buying Outlet Collection Seattle for $82 million
New York-based real estate investor and developer Lightstone Group acquired a nearly 100-acre outlet shopping mall near Seattle for $82 million with plans to spend millions more to...
Goodman Real Estate sells properties in Tacoma's Parkland neighborhood totaling 557 units
A real estate investment firm sold three apartment complexes in the Parkland neighborhood of Tacoma, south of Seattle, in one of the largest local multifamily sales of the year.
Vulcan Real Estate brings 249-unit Ordina to fast-growing Bellevue
Seattle-based developer Vulcan Real Estate has opened its first multifamily development on the Eastside, adding to a record number of apartments sprouting up across the Puget Sound...
Bellwether Housing pitches conversion of aging apartments into 730 units
An affordable housing provider is planning what could be the largest income-restricted rental project in Seattle, where a shortage of cost-conscious residential property has contri...
International Place acquisition provides room for airport-related businesses during expansion
Port of Seattle officials expect to complete a purchase early next year to buy a three-building office park to provide more space as the port completes $5 billion in upgrades at Se...
Seven-story complex next to Link light-rail station slated for late-2026 opening
High Street Residential, real estate developer Trammell Crow's multifamily subsidiary, broke ground on a 244-unit apartment project next to the Link light-rail station in northeast...
Industry accounts for 20% of total leasing activity this year
The technology sector's standing as the leader of the office market's comeback remains strong after the industry, bolstered by artificial intelligence firms, leased its most amount...
Expansion by T&T Supermarkets underscores rising demand for specialty grocers
Canadian Asian grocery chain T&T Supermarkets announced the opening date of its flagship U.S. store amid an expansion by specialty grocers across North America over the past decade...
West Coast landlord under contract to sell the four-building complex amid 'strong buyer interest'
West Coast landlord Hudson Pacific Properties is looking to capitalize on escalating interest among office investors as it seeks to offload a Silicon Valley campus ahead of a high-...
Tech giant’s housing equity fund provides grant for project next to former headquarters
Developers opened an income-restricted apartment development next to Amazon’s former Beacon Hill headquarters that includes a grant from the tech giant’s $3.6 billion housing equit...
Meanwhile, southern states had the largest share of migration from the region
In 2023, about 334,000 residents moved to the Pacific Northwest of the United States, according to recently released state-to-state migration flow data from the U.S. Census Bureau....
Banks may finance the taking private of Seven & I Holdings, owner of 12,600 7-Eleven stores in US
An executive and large shareholder of 7-Eleven’s parent company is leading an offer to take private the owner of the world’s largest convenience store chain.
All neighborhoods show a downward trend in the fourth quarter
Seattle’s apartment market is exhibiting a typical seasonal pattern, with rents falling by 0.5% in October after similar-sized month-over-month drops in August and September.
Sales are retailer’s latest stemming from Chapter 11 reorganization in 2020
Two more J.C. Penney anchor stores, one in New Jersey and one in Washington, were sold in separate transactions for a total of $17.7 million as part of the chain's ongoing bankrupt...
California investor pays $286 million for 664-unit Parkside Esterra Park in Redmond
A 664-unit apartment property near Microsoft’s Redmond headquarters campus just traded for $285.9 million in the Puget Sound region’s highest-dollar multifamily sale of the year, b...
Robert Shipley adds to internal growth for the West Coast brokerage
Kidder Mathews hired real estate veteran Robert Shipley as senior vice president and market leader overseeing the brokerage’s property management business in Seattle’s Eastside in ...
The segment saw low availability even as the overall office market underperformed
Seattle’s traditional and medical office markets have behaved differently in the wake of the COVID-19 pandemic, with availability in traditional office space skyrocketing and medic...
Central business districts underperform, with Bellevue’s outlook more favorable
Over the past year, the vacancy rate for office properties across the Puget Sound region increased from about 12.9% to 15.7%. While the 280-basis point increase was one of the high...
The vacancy rate stabilizes despite record construction completions
Slowing inflation, rising incomes and improved consumer sentiment have led to stronger renter household formation in the Puget Sound region. Absorption — the net change in the numb...
Los Angeles investor hires Mark Workman as managing director of investment and asset management
Investment firm BH Properties is adding an executive to its acquisitions team as it continues its commercial real estate buying spree kicked off this year.