Commercial Real Estate

October 20, 2014

Bill Virgin

Strong and rising prices. Lots of buyers chasing a thin supply of properties. Sounds a lot like the current condition of the Seattle residential real estate market. Which it is. But its also an accurate description of the market for agricultural property east of the mountains. A graph in the most recent land values report…

  • November 2014

September 19, 2014

Treva Lind

The former Red Lion Hotel on Fifth Avenue in downtown Seattle sold in June for more than $130 million, a hefty amount netted by seller Lowe Enterprises of Los Angeles shortly after it departed Red Lions franchise group. Lowe, which bought the property from Red Lion three years ago for $71 million, extensively remodeled it…

  • October 2014

September 9, 2014

Jeanne Lang Jones

Nothing says loving like a few more hotel rooms. Investors and developers are betting heavily on the hotel business in and around Seattle a robust indication of the faith they have in the regions future. Rising room rates and strong bookings have brought a series of record-setting hotel sales recently, while dozens of new hotels…

  • October 2014

August 18, 2014

Jeanne Lang Jones

Like South Lake Union champion Paul Allen, Kari Magill has the noteworthy ability to transform an entire neighborhood through substantial redevelopment. The third generation of her family to head Issaquah-based Rowley Properties, Magill has huge influence over the future of Issaquah. Her real estate management and development company owns and manages 67 buildings representing almost…

  • September 2014

April 22, 2014

Amelia Apfel

Last year, Seattle was Americas sixth-fastest-growing city, according to Forbes. Much of that growth has involved tearing down old buildings and putting up new high rises, a process that often sacrifices beauty, tradition and sustainability in the service of increased density. Now, however, more developers are confronting the distinct challenges and rewards that come with…

  • May 2014

January 16, 2014

Jeanne Lang Jones

Wall street investors are buying up houses in the region as they are in many other parts of the country and theyre changing the dynamic in residential real estate. Investment in the Puget Sound region has been strongest in Pierce County, where institutional investors accounted for 19 percent of all purchases last September, compared to…

  • February 2014

December 23, 2013

Jeanne Lang Jones

With foreign investors eager to acquire commercial properties in the United States, Seattle-based investment adviser Metzler Real Estate has stepped up the hunt for prime buildings for its overseas clients. It wont be easy. With as much global capital coming into the United States as there is today, its a challenge to place that capital…

  • January 2014

November 12, 2013

Jeanne Lang Jones

While names like Boeing, Microsoft, and Starbucks have helped Seattle build a global brand, the reality for commercial real estate investors has been that Seattle has largely remained a second-tier market for foreign investors. That situation has begun to change as new workers pour into the region and well-known tech giants like Amazon, Google and…

  • December 2013

October 29, 2013

Jeanne Lang Jones

Seattle developer Wright Runstad & Company and San Francisco-based financial partner Shorenstein Properties have broken ground on a $2.3 billion project to create a pedestrian-friendly development on 36 acres along the north side of the Bel-Red Corridor in Bellevue. When completed, the Spring District will cover 16 city blocks with 3.7 million square feet of…

  • November 2013

September 17, 2013By Seattle Business Magazine

Until now, there has been no free and social site to improve your home. On Porch, you can explore 90 million home projects including photos and costs across the US and search 1.5 million local professionals to get inspired, educated and complete work on your home. See the Seattle Business magazine feature on Porch CEO…