BELLEVUE, WA-The Englewood, CO-based investment group has purchased buildings A and B of the four-building Eastridge Corporate Center from the Principal Group. The acquisition cost of the fully leased office buildings was $16 million.
SPOKANE, WA-Built in 1909 as a single-room hotel, later transformed into a 95-unit apartment building, which was gutted by fire in 1999, the former Fairmont Apartments is now being transformed into a mixed-use property of retail and office space.
BAINBRIDGE ISLAND, WA-The family-owned Joshua Green Company, named after the Seattle Pioneer, has added three Bainbridge retail and office properties to its holdings in Washington. The ticket for the portfolio purchase was $15.6 million.
REDMOND, WA-Following more than 17 years of haranguing and flip-flops by government entities, Quadrant has finally won its battles to restore "urban" status to both of its master-planned communities here, Blakely Ridge and Redmond Ridge.
FEDERAL WAY, WA--DeVry Institute of Technology formally broke ground on a 100,000-sf classroom/office building in Quadrant's 106-acre East Campus. This is the first its first college in the Pacific Northwest.
SPOKANE, WA-The big box discount retailer opened a brand new store here last week on company-owned property. The rub is that Costco is stuck paying the rent on its former 129,600-sf location, and it's willing to deal.
BELLEVUE, WA-With the goal of improving traffic flow and transportation issues in the downtown core and Bellevue's arterial Interstate 405, Access Downtown has hit its funding requirements to begin five years of construction projects.
SEATTLE, WA-According to retail specialist, Steve Ruggiero of First American Properties, and a mid-year report by CB Richard Ellis, the retail market in Puget Sound is moving hard and fast, with no signs of slowing down any time soon.
SEATTLE-London-based Regus has signed it largest U.S. lease ever, picking has up nearly 100,000 sf in the Seattle CBD. The international business center operator is making headway in its plan to penetrate the U.S. market.
BREMERTON, WA-Compared to other Walgreens properties in Puget Sound, this new store is being offered at far less than similar stores leased by Walgreens on Puget Sound.