BELLEVUE, WA-The consumer electronics and personal computer retailer has made a Bellevue location part of its strategic expansion plans. The company is seeking to lease land from neighboring Home Depot and construct a 46,000-sf facility there.
REDMOND, WA-Macerich Co., the owner of Redmond Town Center, will announce today the development of a 110,000-sf Bon Marche' department store next to the REI store. Construction is set to begin next spring.
SEATTLE-Bre Properties, Inc. has purchased LaScala Apartments for roughly $21 million. The 137-unit complex is located Downtown, near the Seattle City Center.
SEATTLE-Columbia Bank and the state General Services administration have inked deals to lease space at Millennium Tower, the newest high rise on the Seattle skyline. With the execution of these two leases, the commercial space in the building will be 96% leased.
PORT ORCHARD, WA-The owners of a Belfair minicasino have filed a lawsuit over their failed attempts to locate a gaming facility here. The lawsuit, filed in Kitsap County Superior Court, claims city officials improperly nixed the proposal.
LYNNWOOD, WA-Cypress Semiconductor Corp. of San Jose, CA has leased and signed an option to buy a 66,528-sf building in the proposed Opus Northpointe Corporate Campus. The company will consolidate other Puget Sound operations and house 150 employees here.
BELLEVUE, WA-Wayport Inc., an Austin, TX-based rival of Laptop Lane Ltd. has snapped up nine of Laptop's airport facilities, including the recent addition at the Seattle-Tacoma International Airport.
SEATTLE-Three Puget Sound-area apartments change hands this week in deals valued at a total of $2.5 million. Rents and vacancy rates in the local market are down but still desirable, making apartments a decent investment, according to a Puget Sound apartment report for the first half of 2001.
OLYMPIA, WA-During a work-study session this week, City Council members will discuss several changes to the city's blueprint for growth, including alterations that would alter height requirements of buildings along West Bay Drive and simplify the city's zoning code.
SEATTLE-The locally-based retailer intends to sell its minority interest in the 1700 Seventh Ave. building to Clise Properties, the area's oldest real estate development company. Nordstrom will retain a 20-year lease and occupy 80% of the building.