LACEY, WA-Sales of commercial sites in the 1,153-acre master planned community are moving ahead of schedule. Thus far, 65% of the 271-acre total has been acquired by local developers, and 360,000 sf of predominantly-industrial space has been delivered.
TUKWILA, WA-The 1.3-million-sf Southcenter Mall gives the Australia-based company its second major shopping mall in Washington State. Its first purchase was the 883,000-sf Vancouver Mall in Vancouver, WA.
SEATTLE, WA-Boggy economic conditions and a Puget Sound office vacancy rate above 11% are likely factors that contributed to Martin Selig rethinking the timing of a portfolio sell-off -- so say local experts.
SEATTLE, WA-High-tech or low-tech, companies are looking closely at the probability of survival in the event of disaster. A panel of experts at a Fisher Communications/Colliers symposium offered food for corporate thought.
SEATTLE, WA-The165,000-sf Meridian West in the Downtown core is the latest major chunk of Seattle real estate to come to market. Rosche Finanz is looking to unload the retail property after fewer than five years.
BELLEVUE, WA-Woe is the Eastside, where negative absorption has nearly tripled and some landlords have dropped class A rents by nearly 15%. Grubb & Ellis says this area sustained the brunt of the third-quarter storm that ripped through the Puget Sound.
SEATTLE, WA-Despite claims that the urban market here is oversupplied, Simpson Housing says the Queen Ann area lacks sufficient luxury apartments, and that it will break ground next spring on 222 high-end units over 19,000 sf of retail.
BELLEVUE, WA-Woe is the Eastside, where negative absorption has nearly tripled and some landlords have dropped class A rents by nearly 15%. Grubb & Ellis says this area sustained the brunt of the third-quarter storm that ripped through the Puget Sound.
SEATTLE, WA-Despite a full two-point climb in vacancy rates since mid-year, "there is light at the end of this dark tunnel," reports the local office of Grubb & Ellis in their newly-released Office Market Trends.
SPOKANE, WA-September 11 wounded more than occupancy rates. WestCoast Hospitality says costs for added security measures and other services could impact the bottom line in the future. But, given a quiet home front, one expert sees an industry verging on recovery.