BELLEVUE, WA-The Pacific Northwest Ballet reveals plans for its new school that will increase the size and capacity of its current Eastside facility from 5,000 sf to 25,000 sf and from 250 students to 1,000 annually by 2005. PNB kicked off its $5 million capital campaign to construct the school last month.
BELLEVUE, WA-Washington Capital Management Inc. buys the 20-story Downtown office project through foreclosure. The investment adviser snaps up the property on behalf of the pension funds of Locals 302 and 612 of the International Union of Operating Engineers, which provided a $22 million loan to the project.
OLYMPIA, WA-The Evergreen State College is hoping to construct the state's first "Gold" Leadership in Energy and Environmental Design-certified building. The goal is to utilize sustainable building principles in the facility's predesign studies.
SEATTLE-John Gleason joins Colliers Real Estate Management Services Group as managing director for the Pacific Northwest. Company executives say they expect continued growth in the business through his leadership.
SEATTLE-Hot on the heels of a six-story office building with ground-floor retail at 428 Westlake Ave. comes the announcement of another South Lake Union project. Vulcan Inc. is planning a 160-unit apartment or condominium complex on Minor Avenue North across from Cascade Playground.
TACOMA, WA-After deciding to discontinue its pursuit of a $120-million office project next to the Tacoma Dome, City Council members are seeking RFPs from other developers to see what kind of creative and economically-beneficial projects they might have in mind for that space.
EVERETT, WA-Members of the City Council earmark more money for the Everett Special Regional Event Center, already under construction. They vote to make the facility bigger and add to its historic value.
BREMERTON, WA-As part of a larger, $278-million statewide package, a U.S. congressional panel earmarks the biggest military construction budget -- $147 million -- this side of Puget Sound has seen in years.
OLYMPIA, WA-State builders submit more than 145,000 signatures to ensure Referendum 53 space on the November ballot. The measure asks voters to decide whether to repeal a law passed this session, which overhauls the unemployment insurance tax system.
LOS ANGELES-A locally-based real estate investment and management company teams up with a Boston-based realty fund to make office investments in the Western United States. The pair hopes to acquire at least $200 million in assets per year.