Seattle Commercial Real Estate News

Five Builders And REITs For Real Estate’s Rebound
Forbes
Employment dynamos like Seattle and Austin are bright spots for housing and also for commercial landlords. Several publicly traded real estate investment trusts are buying up properties at cheap valuations in cities where technology jobs tend to cluster.
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Forbes
Vulcan to build more offices for Amazon
Seattle Post Intelligencer
"Amazon’s commitment to South Lake Union has helped the neighborhood transform into one of the most vibrant and exciting communities in the region, while helping to significantly fuel the Seattle economy," Vulcan Real Estate Vice President Ada Healey
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Yesler Terrace rebuild
The Seattle Times
The Seattle Housing Authority, which owns Yesler Terrace, plans to sell some of its 30 acres to private developers who would build office, condo and apartment towers on the property. The housing authority hopes to use $145 million from property sales
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$58M paid for Waterford Place apartments in Woodinville
Bizjournals.com
Two new apartment projects, Link and Mural in West Seattle, sold for a total of $105 million, and the Canyon Creek apartment complex in Bothell sold for $91.5 million. Archstone also sold the Bothell property. Marc Stiles covers commercial real estate
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Touchstone plans Edison office, hotel project for Denny Triangle
Bizjournals.com (blog)
When you want to brand your commercial real estate project as a place where innovation happens, you name it for one of history’s most prolific inventors. That’s the tack that Seattle developer Touchstone Corp. is taking with an office and hotel project
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HQ News: Amazon.com’s 11-Bldg Campus Put Up for Sale
CoStar Group
Vulcan Real Estate plans to sell its properties that house Amazon.com’s global headquarters – a total of 11 buildings and 1.8 million square feet in the heart of Seattle’s burgeoning South Lake Union neighborhood. The Amazon.com campus is at the center
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A decade in the making: Nordstrom to open Jacksonville store in 2014
Jacksonville Daily Record
Les Morris with Simon Property Group said Tuesday the new wing would be between Brooks Brothers and Louis Vuitton. He did not know the Nordstrom was founded in 1901 in Seattle as a shoe store and operates 231 stores in 31 states. Those stores
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Seattle revenue picture brightens
The Seattle Times (blog)
The City had been anticipating a $32 million shortfall in each of 2013 and 2014. Sales tax revenues are up, driven primarily by new apartment construction in the city. Real Estate Excise taxes and B&O taxes also are higher than anticipated, Goldberg said.
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About CRE Northwest

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