SEATTLE-In an effort to boost transit use and cut down on traffic congestion in the region, King County officials once again are mulling the development of apartment complexes that share space with park-and-ride lots. Up next for discussion is the Brickyard Park and Ride lot in Juanita.
SEATTLE-Tama Qua apartments sell for $6.7 M. The 126-unit community is located at 11844 26th Ave. S. Despite layoffs at The Boeing Co. and a sluggish economy in general, the region's multifamily market, particularly in the outskirts of the city, is still plugging along.
RENTON, WA-Pacific Northwest Group A sells Renton industrial portfolio, which includes the Northwest Corporate Park and the Earlington Building for $46M. The portfolio totals 1.18 million sf of warehouse, distribution and manufacturing space.
KENNEWICK, WA-The Cincinnati-based Federated Department Stores, Inc. signs an agreement for two new Bon Marche stores -- one here and one in Coeur d'Alene, ID. Both properties, currently operated by Gottschalks Inc., will undergo remodeling beginning in August and are scheduled to re-open as Bon Marche stores by late fall.
TACOMA, WA-The Minneapolis-based specialty retailer, will open a new store this fall. The 45,000-sf facility will rise across from the Tacoma Mall on South 48th Street.
SEATTLE-ONCOR International, a group of 50 privately-owned commercial real estate firms, names Pacific Real Estate Partners as its new Puget Sound representative.
TACOMA, WA-City officials agree to delay Cosmos International's plans to construct a multi-phase, $120 million office project next to the Tacoma Dome. Council members say they intend to make the LeMay Museum development their top priority.
SEATTLE- Macquarie Bank Group, one of Asia-Pacific's investment banks, with 4,500 staffers worldwide and a market capitalization of $3.6 billion, selects Seattle to launch its commercial real estate finance business in the United States.
SEATTLE-Seattle School Board members are set to decide this week whether to sell an 8.4-acre parcel in South Seattle to Costco Wholesale Corp. for $12 million. The bulk discount retailer wants to use the space for additional parking.
BREMERTON, WA-The Newport Beach, CA-based Affordable Housing Partnership Alliance will purchase and renovate Viewcrest Village Apartments with funding from Related Capital Company.