Seattle Commercial Real Estate News of the Day

Wednesday, February 08, 2012

Seattle Times Daily Journal of Commerce Headline
Boeing’s outlook is robust but risky, analyst tells suppliers

Software firm RMS is expanding here

Washington among states not yet signing on to mortgage deal Software company Revenue Management Systems says it is expanding to take all of the top floor of the Market Place One near Pike Place Market.

Scott Schade, CEO of Revenue Management Systems, said the company will increase its office from 1,500 to 8,000 square feet. The company is working with JPC Architects, but has not yet selected a general contractor.

Broker James Yalowitz of Kidder Mathews negotiated the deal for RMS. Celita Harvey of Urbis Partners represented the landlord, BlackRock.

Schade said the lease is for eight years. Rent terms were not disclosed. Asking rents in Market Place, 2001 Western Ave., are $28 to $30 a square foot, including expenses, according to officespace.com.

RMS designs and develops revenue management software for clients, including airlines.

The Seattle office is expected to grow from five to 25 employees in two to three years, Schade said.

Lumber mill closing in Arlington with 40 jobs lost
Puget Sound Business Journal
Downtown Seattle: Rosy outlook despite heavy job losses
Seattle hasn’t bounced back yet in jobs lost in recession
Interactive media industry on the rise in Seattle area
Seattle-PI.com
Dow approaches 13,000, and maybe a record to come
Real estate profile
Boeing CEO: 787 problem won’t slow production
Other News
Griffin-American Healthcare REIT Closes on $33M Spokane Integrated Medical Plaza
Rents To Rise in 2012; In 74% of U.S., Renting More Expensive Than Owning
Prologis Reports Fourth-Quarter FFO of $134 Million After AMB Transaction
Plan for city-owned garage near McMenamins Elks Temple at risk
Two new hotels coming to Lakewood
Offline and into the neighborhood for Amazon?
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About CRE Northwest

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