Seattle Commercial Real Estate News

Caisse de Depot Buys Seattle Wells Fargo Center for $390 Million Businessweek Caisse de Depot et Placement du Quebec’s Ivanhoe Cambridge real estate unit bought the 47-story Wells Fargo Center in Seattle for $390 million as the company increases its holdings of top-tier office buildings in the city.

The tower has 983,600 square …

<http://www.businessweek.com/news/2013-06-03/caisse-de-depot-buys-seattle-wells-fargo-center-for-390-million>

Ivanhoé Cambridge Acquires Seattle’s Wells Fargo Center for $390M National Real Estate Investor Canadian real estate investor Ivanhoé Cambridgecontinued to deploy its growth strategy in the United States with the acquisition of a 100 percent interest in the Wells Fargo Center, a 47-story, class-A office tower in Seattle with 983,600 sq. ft. of …

<http://nreionline.com/west/ivanho-cambridge-acquires-seattle-s-wells-fargo-center-390m>

Business owner seeks to bring trust, transparency as mayor The Seattle Times

Q: You’ve run a commercial real-estate company in Seattle for 35 years. How does that and other experience prepare you for the job of mayor? A: The focus of Staadecker Real Estate is attracting companies to locate here and expanding companies who …

<http://seattletimes.com/html/localnews/2021110589_staadeckerqaxml.html>

Ivanhoé Cambridge buys Seattle office building Benefits Canada Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, has purchased the Wells Fargo Center in Seattle’s financial district for US$390 million. “This acquisition, an excellent investment opportunity brought to our …

<http://www.benefitscanada.com/news/ivanho-cambridge-buys-seattle-office-building-39817>

Seattle real-estate entrepreneur Morris Piha dies The Seattle Times The founder and chairman of Morris Piha Real Estate Services died May 14 after a brief battle with cancer. He was 79. Mr. Piha founded his company in 1965, working out of a small office in downtown Seattle’s Hoge Building.

Now the company has a large …

<http://seattletimes.com/html/localnews/2021104201_morriepihaxml.html>

Big city, tiny apartment: small-scale living is new trend in US NDTV Matthew Gardner, a Seattle land use economist and chairman of the Board of Trustees for the Washington Centre for Real Estate Research, said he is not surprised by the rush to build micro apartments in the past year or so, at least in his city. The …

<http://www.ndtv.com/article/world/big-city-tiny-apartment-small-scale-living-is-new-trend-in-us-374331>

Seattle earns good marks on recovery report card The Seattle Times Amazon.com, whose growth is a massive driver in Seattle’s commercial real-estate rebound, is preparing to begin on the first of its skyscrapers.

Eastside developer Kemper Freeman announced plans for a $1.2 billion mixed-use project in downtown Bellevue.

<http://seattletimes.com/html/businesstechnology/2021090680_biztaltoncol02xml.html>

Feds crack down on foreclosure auction scams The Seattle Times The inventory lists were long, especially in hard-hit areas such as Sacramento and Stockton. But the auctions were generally short affairs – often because real estate speculators were illegally fixing the bidding process. By PAUL ELIAS. Associated …

<http://seattletimes.com/html/nationworld/2021101391_apusforeclosureauctionscams.html>

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About CRE Northwest

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