BELLEVUE, WA-Cushman & Wakefield says the vacancy rate in the CBD here has nearly doubled since the end of the second quarter. Rent rates are dropping in response. But a C&W broker says the market may have hit a plateau.
SEATTLE, WA-Previously, legislation limited the county's ability to charge new customers for new facilities built to accommodate growth. Recent changes, however, have allowed the county to adopt a new "capacity charge" ordinance, which will significantly increase costs recovered from new development.
SEATTLE, WA-For $38 million, the REIT specializing in self-storage centers acquired full ownership of Fremont Storage, one of its many subsidiaries in its network of 428 storage properties and business parks it owns throughout the United States and Europe.
OLYMPIA, WA-An Olympia city official discusses the municipality's "presubmission" process, a phase of development that allows a developer to delve into the feasibility of a new idea. Despite a tough commercial market, projects continue to enter the pipeline here.
EVERETT, WA-Huddled around three regional malls spanning two counties, the 1.25-million-sf Northend office market has the lowest vacancy rates in the Puget Sound, according to the latest report from CB Richard Ellis.
REDMOND, WA-The publicly traded vacation timeshare company focused on the U.S. market fared far better than some of its leisure industry brethren on Monday, the first day of trading since the national tragedy last week.
REDMOND, WA-While it plans to lease back the headquarters it custom built from new owner, Microsoft Corp., Spacelabs Medical is beginning the search for a new home for its offices and biomed manufacturing facilities.
SEATTLE, WA-Having relied on traditional tenants, the 44-floor property owned by Bentall U.S. is virtually full and commanding gross rentals in the range of $33 per sf to $46 per sf -- a noteworthy feat in a market plagued with more than 5 million sf of sublease space.
SPOKANE, WA-Built in 1912 the building has been through numerous owners, including real estate powerhouses such as Hillman and Spieker Properties. Now, a Texan by the name of James F. Cotter has acquired the historic, now commercial, property.
SEATTLE, WA-While other commercial building construction grinds to a halt, senior living facilities just keep rising from the earth, often providing assisted living, independent living and low-income alternatives all in the same multi-building development.