Seattle

Given Seattle’s strong hospitality market and residential development community along with WhyHotel’s relationship with Avalon Bay, it made sense to open its next location in Seattle.

Concord Pacific, an urban residential developer, purchased the site at Minor Avenue and Stewart Street following its first foray, Seattle House, a mixed-use project adjacent to Amazon’s Spheres at 6th and Bell.

As transit-oriented living becomes increasingly mainstream, housing near light rail gets more attention from investors such as Waterbury Park Apartments, purchased for $56 million by RISE and Aegon Real Assets.

Urban Renaissance Group and real estate investment firm Iron Point Partners recently sold the 548,704-square-foot SeaTac Office Center to a partnership between San Francisco-based PCCP LLC and URG.

With this demand in mind, Lake Washington Partners entered the Southend submarket, which has a different price point compared to the suburban Bellevue submarket along with high-quality labor.

Adaptive Biotechnologies Corporation has signed a 12-year full-building lease at 1165 Eastlake Ave. East, a sustainable 100,000 rentable-square-foot headquarters office/laboratory development in the Eastlake Life Science Campus

Seattle has a strong suburban office sales market and there is an abundance of capital for both stabilized and value-add profile suburban office assets such as the recently sold Corporate Campus East III in Bellevue.

Mt. Baker Housing tackled the community redevelopment project and transformed the seven-building Mt. Baker Village Apartments into a transit-oriented development two blocks from the Mt. Baker light rail station.