Seattle Commercial Real Estate News of the Day

Friday, September 30, 2011

Seattle Times Daily Journal of Commerce Headline
US incomes fall for first time in nearly 2 years Hardware stores will be renovated to house several small businesses
Belltown condo project revived as apartments Leone & Vaughn Orthodontics soon will start renovating two former hardware stores at 945 Elliott Ave. W. to house its practice and lease space to other small businesses.

The goal is to retain the industrial character of the property but update it with modern amenities and infrastructure, according to Paul Carr, first vice president with CBRE’s Seattle health care group.

Clint Wallace Architecture is designing the project and Constantine Builders will construct it. Carrie Hayden of Great Jones Home is the interior designer.

Leone & Vaughn paid $3.1 million for the two buildings, which total 18,000 square feet.

Carr led the site selection and represented the orthodontics practice in the purchase. Rick Sanders, with Orion Real Estate Advisors, represented the sellers, who declined to be named.

The renovation is expected to be done by year’s end.

IBM tops Microsoft to become second-most valuable tech stock
Puget Sound Business Journal
FDIC cites RiverBank for unsound banking practices
Mastro case: bankrupt developer’s son won’t have to pay personally
Seattle retail job growth gain second-best in U.S.
Big Ballard building, Aurora motel proposed
Traffic alert: NB I-405 to close in Bellevue — for real
Gas station comes with a grocery store for Issaquah Highlands
Other News
Duff McKagan, Guns N’ Capital
HTC looks to expand in Seattle’s Pioneer Sq., but space is limited
Building Bargains: Why REITs Look Attractive
Windermere Realty and partners build a park
Moody’s Cuts U.S. Lodging Industry Outlook as Hotel Shares Sink on Economy
Cash-Short, U.S. Weighs Asset Sales

About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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