Furthest along is Ballard Lofts, a four-story, 74,000-sf office building near the north end of the Ballard Bridge at 1455 N.W. Leary Way. Crews just recently finished shell construction and Mastro just recently leased the entire building to the nonprofit Program for Appropriate Technology in Health.

Mastro CFO Monika Harmon wouldn't detail the exact lease rate on the 10-year deal, but did say that the value of the fully leased project -- using an 8.5% cap rate -- is $17 million. PATH is expected to occupy the space by the end of the year. Al Robertson of Kidder Mathews & Segner represented Mastro. Stuart Williams and Mark Flippo of Pacific Real Estate Partners represented PATH.

Another office building under construction is Valley View Corporate Center, a two-story, 59,000-sf office building at 13905 NE 128th St. in Kirkland, on the northeast 126th Place and 139th Avenue Northeast. The project is 50% completed and though no deals have been signed for space, Harmon says the company has received some letters of intent. The asking price will be $15.5 million.