You’d have to go all the way back to the heady days of the dot-com boom in 2000 to match the amount of new office space coming into the Seattle-Bellevue market this year.
In Seattle and Portland, there’s a new kind of apartment building taking shape.
In a sign of what could be the beginning of the end for the hot rental market, average rents are no longer growing at a torrid pace.
While most people outside the public accounting field are not able to recite tax code sections, those who work in the real estate industry are likely familiar with Section 10310. As a refresher, Section 1031 of the Internal Revenue Code allows property owners to defer gain from the sale of property when they exchange it for like-kind property. Under this code, the gain is not recognized until the replacement property is sold. If the replacement property is exchanged for other like-kind property, however, the property owner can continue to defer the gain recognition.
A new corporate campus under construction on the south shore of Lake Washington could be a game changer for the city of Renton.
Like many of greater Seattle’s suburban commercial districts, Lynnwood’s is a tedious landscape of strip malls, parking lots and squat office buildings. As Gertrude Stein famously remarked about Oakland, California, there’s no there there.
Hope is returning to downtown Tacoma, thanks to a growing interest in the city’s affordable housing, a strengthening commercial office market and a downtown core filled with historic buildings primed for refurbishment.
The city prepares for its moment of (re)discovery.
How light rail will create new urban centers that reshape the region.
At a time when developers are putting up new apartment buildings at a record pace, a new survey finds 66 percent of renters in the Seattle-Tacoma area intend to own their own place withing five years.
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