Commercial Real Estate
Hudson Pacific Plans Office Tower Near Convention Center Addition
The Los Angeles company paid $86M for development rights
A Los Angeles developer will build a 16-story office tower next to the new wing of the Washington State Convention Center in downtown Seattle. Hudson Pacific Properties plans a 568,000-square-foot building with ground-floor retail space. The company paid $86 million for the building rights and plans to spend up to $$350 million developing the building….
More Apartments Are Coming to Seattle and Bellevue
A Colliers report says rampant hiring is creating a need for new units
Seattle and Bellevue will need an estimated 40,000 new apartment units in the next several years as companies are projected to create up to 200,000 new jobs. A study by commercial real estate firm Colliers International notes that the region has experienced a staggering 30 percent increase in units since 2010, with 62 percent of…
Bellevue Rolls Out New Online Map to Track Downtown Projects
The Building Bellevue map shows designs, renderings, details and contact information
The city of Bellevue has unveiled a new online map to track downtown and Bel Red neighborhood projects. Called Building Bellevue, the map reveals proposed building designs, projects status and detains and contact information for project applicants and land-use planners. However, it doesnt display projects under construction. That information is contained on the citys Major…
Greater Seattles Booming Office Submarkets Are Among the Spendiest in the Nation
Average office-property prices in Seattles Lake Union neighborhood make it the eighth most expensive submarket in the country, a new study finds
The Amazon World Headquarters Campus Spheres terrariums in Seattles South Lake Union neighborhood.
Co-Working Space Provider WeWork Unveils Newest Seattle-Area Location
The New York-based real estate company and provider of shared workspaces also announced plans to open three more area locations
WeWork, a global provider of collaborative workspaces, is unveiling its 18th location in the greater Seattle area as part of a record 52 building openings worldwide in December, with three more sites in the Puget Sound region slated to open in the near future. The newest location is a 76,527-square-foot space in Seattles historic Ballard…
Seattle Ranks as a National Leader in High-Rise Apartment Development
High-rise residential development in Seattle has soared over the past decade, new study shows
Seattle is growing up, literally, when it comes to its housing market, ranking fourth among the 30 largest cities in the country in an assessment of cities with most high-rise apartment complexes built over the past decade, a recent RentCafe study shows. High-rise apartment buildings represented 9% of all new multifamily development in the city…
Skanskas 2+U Building Now Known as Qualtrics Tower After Big Lease
The data company has signed on as the anchor tenant
Data company Qualtrics is leasing 275,000 square feet in the new 2+U skyscraper in downtown Seattle. The building will now be known as Qualtrics Tower. The company which says it is co-headquartered in Seattle and Provo, Utah will lease 13 floors at 2+U, a 38-story, 701,000-square-foot retail, office and arts-and-culture project at Second Avenue and…
Seattles Building Boom Confronts a Construction-Labor Drought
Contractors in Washington are coping with a costly worker shortage, recent industry survey shows
As a sign of Seattles economic dynamism, the city is tied with Los Angeles for the most cranes along its skyline. But the boom times also have a soft underbelly as 80% of surveyed contractors in Washington are having a harder time filling hourly labor jobs this year, compared with a year earlier, according to…
2019 Skyline Awards, Developer of the Year: Kevin Daniels
Congratulations to Kevin Daniels, president of Daniels Real Estate, for his Developer of the Year award
This article appears in the September 2019 issue. See more about the winners of the 2019 Skyline Awards here. Click here for a free subscription. By his own admission, Kevin Daniels doesnt do the conventional or easy stuff. Our development focus is on community building and its the complex projects that we are really interested…
