Commercial Real Estate

June 24, 2015

JEANNE LANG JONES

Few would argue there isnt a need for more affordable housing in Seattle, where costs are soaring, but theres considerable debate over how best to make that happen. Seattle Mayor Ed Murray has set a goal for the city to add 50,000 new residential units during the next 10 years, with 20,000 units set aside…

  • July 2015

May 8, 2015By Seattle Business Magazine

Few would argue there isnt a need for more affordable housing in Seattle, where costs are soaring, but there’s considerable debate over how best to make that happen. The discussion will heat up at the end of May when a Seattle City Council advisory committee releases its recommendations for making more housing affordable to families…

April 29, 2015

Jeanne Lang Jones

Its nice to be popular. Companies headquartered outside Washington are beating a path to Seattle in a rush to open satellite offices here. To Googles large campuses in Kirkland and Seattles Fremont neighborhood you can add Elon Musks recent announcement that he could hire up to 1,000 people for a local office of SpaceX. Facebook…

  • May 2015

February 26, 2015

JEANNE LANG JONES

One thing driving consolidation in the building industry is the push for lower costs and increased productivity. New technology is part of that equation. For example, building information modeling (BIM) software has replaced the traditional two-dimensional paper blueprint drawing with a digital three-dimensional model that can be shared online. Likewise, three-dimensional printers are making it…

  • March 2015

February 26, 2015

JEANNE LANG JONES

National construction firms are acquiring local companies to tap into Seattles building boom. As they do so, theyre setting off a wave of consolidation in the states $30 billion construction industry, encompassing associated businesses in architecture, engineering, development and building supplies. People want to be in Seattle because its a hot market with legs to…

  • March 2015

December 17, 2014

Jeanne Lang Jones

Seattle-based Wright Runstad & Co. has applied for a master use permit to redevelop a key property in the heart of downtown Seattle, seeking approval for an unusual curved tower that will become the citys second-tallest building. Starting later this year, Wright Runstad plans to demolish the moribund Rainier Square shopping mall and start construction…

  • January 2015

December 17, 2014

Jenny Cunningham

Quick quiz: Whats the most expensive housing market in North America? If you answered Beverly Hills, San Francisco or Manhattan, thank you for playing. Its actually Vancouver, British Columbia, where the median income is a relatively modest $71,000 Canadian and plain-Jane, single-family houses in good neighborhoods sell for more than $1 million. In recent years,…

  • January 2015

November 6, 2014

Ross Dohrmann

Brooks Sports, the running-shoe company owned by Warren Buffetts Berkshire Hathaway, has moved from suburban Bothell into the new Stone34 building in Seattles Fremont/Wallingford neighborhood. Its new headquarters, which has a view of Lake Union and the downtown Seattle skyline beyond, also features the companys first-ever retail store. Century-old Brooks is only the latest company…

  • December 2014

November 3, 2014By Seattle Business Magazine

Seattle-based Wright Runstad & Co. has applied for a master use permit to redevelop a key property in the heart of downtown Seattle, seeking city approval for an unusual curved tower that will one day be the second tallest building in the city. Starting late next year, Wright Runstad plans to demolish the Rainier Square…

October 20, 2014

Mandolin Brassaw

Richard has lived in Seattle for 32 years. In 2001, he moved into a small, one-bedroom apartment on Capitol Hill, where rent was $650 a month. In 2013, new building owners made some general improvements and then began raising rents. Richards bill jumped to $1,000. Then $1,200. During the course of the next 18 months,…

  • November 2014