Commercial Real Estate
Why Amazons Bellevue Plans Benefit Seattle
Dont misread companys Eastside focus
Whats good for Bellevue is good for Seattle. Whats good for Seattle is good for Kent. You get the point. Whenever a company moves to or expands in a particular city in the greater Puget Sound region, the entire area wins. Theres been a lot of hand-wringing over Amazons decision to focus its growth in…
Office Tower 901 Fifth in Downtown Seattle Has a new Owner
New York investment firm Vanbarton purchased the property as part of an expansion into the Seattle market
The downtown Seattle office tower 901 Fifth, which is anchored by tenants Pitchbook and Cray Inc., has been sold to the New York real estate investment firm Vanbarton Group for $305 million. Vanbarton purchased the 41-story, 541,190-square-foot office property located at Fifth Avenue and Madison Street from Schnitzer West and real estate investment firm Investcorp….
Downtown Seattle Land Sale Sets the Stage for Twin-Tower Condo Development
Canadian developer Concord Pacific will team with Seattle developer HB Management to bring the project to life
A half-block parcel in downtown Seattle adjacent to Amazons headquarters has been purchased for $60 million by Canadian developer Concord Pacific, which plans to develop two 45-story condo towers featuring some 900 units. The parcel was sold by HB Management, a local multifamily project developer and manager. It will remain as a joint venture partner…
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…
