Seattle Commercial Real Estate News of the Day

Monday, November 28, 2011

Find Space Now! Seattle Times Daily Journal of Commerce Headline
Our lease listings OECD issues stark warning on global economy Gerding plans 119 units on Capitol Hill
Our sale listings Stocks soar after big holiday shopping weekend Gerding Edlen Development filed a land-use application to build a seven-story apartment project next to the Plymouth Pillars off-leash dog park on Capitol Hill.

The project at 1519 Minor Ave. calls for 119 units, 950 square feet of retail at Minor and Pine and at- and below-grade parking for about 32 vehicles. The mix of unit types has not been finalized, Gerding Edlen President Kelly Saito said.

Perkins + Will is designing the project, and Howard S. Wright is the general contractor. Saito estimated the construction cost at $18 million. The company would like to start construction in early 2012.

Washington Real Estate Holdings owns the 14,400-square-foot site. Saito said his company plans to close on the property purchase in December.

Portland-based Gerding Edlen is building a 118-unit apartment project at 412 Broadway on First Hill. Saito said the two projects are the company’s only current Seattle developments, but that Gerding Edlen is looking for other opportunities here.

Our local office profile Goodbye Top Foods, hello Haggen groceries
Green broker info
Market Research Puget Sound Business Journal
Knowledge center AT&T, T-Mobile withdraw FCC merger bid
Research reports New Cactus joins Amazon feeding frenzy in Seattle’s South Lake Union
Articles & white papers Trappings of Mastros’ lavish lifestyle up for auction
Weekly market insight
2011 forecast
Enjoy Your Reading! Puget Sound will have Japan-like density in 2040, book predicts
Commercial Property Executive Sales of new homes up in October, but prices fall
Daily Journal of Commerce New 520 bridge, at Kenmore’s expense
CoStar Group
GlobeSt Other News
National RE Investor Omak’s commercial area sees Big changes
Realty News Report Judge orders halt to Point Wells condo development
Real Estate Business Fewer New Homes Purchased Than Forecast
Reis Tacoma hopes $500K grant keys development for south downtown
Commercial Post Traditional Lenders Continue to Finance Retail, But Focus on Top Product
New York Times Opus Bank Ranked #1 Deposit Market Share for Community Banks in Snohomish
Weekly Market Insight

About CRE Northwest

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