SEATTLE, WA-Vacancy rates in in the region's apartment market are up a percentage point or two, depending on the sub-market. Downtown Seattle, however, appears to be picking up more tenants than the outlying areas as traffic drives them to live closer to the office.
SEATTLE, WA-With recent leases adding nearly 85,000 sf of space to its administrative offices, the Seattle banking firm now has nearly a 1 million-sf presence in the CBD here, including its headquarters in the prestigious Washington Mutual Tower.
REDMOND, WA-With one $90-million apartment project already underway in the Belltown district of downtown Seattle, Legacy Partners is back in the permitting process for a mixed-use project on the shores of Sammamish River.
ISSAQUAH, WA-The buyer is not yet known, but real estate sources say the estimated $40 million deal is expected to close in about a month. The property's loan tenant is Microsoft, which last week notified Issaquah City officials it is delaying its office project in the Issaquah Highlands.
RENTON, WA-SECO Development Inc. and Wright Runstad & Co. are redeveloping a former industrial site on the southern shores of Lake Washington into 778,000 sf of offices, 400 apartment units, a 220-room luxury hotel and an unknown amount of retail space.
BELLEVUE, WA-The Seattle-based developer and real estate manager is in the approval process for a 29-story office and retail tower in the central business district, but the market will make the final decision on what and when to build.
SEATTLE, WA-The result of a citizen lawsuit over King County's lack of a formal procedure for interpreting codes is a new process that could clutter the Department of Development and Environmental Services.
SEATTLE, WA-The extent of the company's cutbacks is currently undefined. Local experts, however, suspect it won't even be enough to make the 30-million sf CBD quiver. The super-low vacancy rates weren't 'normal,' anyway.
SEATTLE, WA-Wright Runstad & Company is asking its Washington Mutual Tower tenants to do their part to ease the West Coast energy crisis. "Turn it off. Save some juice" is the slogan for the company's campaign, which launches tomorrow.
SEATTLE, WA-The locally based company's national expansion is fueling speculation it will become the largest lessor of data-storage facilities in the world. The projects will bring its data-center space to just shy of 3 million sf.