<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Seattle/Puget Sound Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Facility Closures & Downsizings: Livermore Labs Calls for Pre-Emptive Voluntary Retirements]]></title><link><![CDATA[http://www.costar.com/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582?ref=/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582&src=rss]]></link><description><![CDATA[Lawrence Livermore National Laboratory will offer a voluntary separation program for up to 600 employees, director Parney Albright announced last week.

The SSVSP is being offered as a means to address budget challenges in fiscal year 2014.

"Although there remain a number of unknowns about how the budget request for FY14 would flow down to our laboratory, it is clear the budget proposal will face an uphill battle in Congress this summer, with...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 07:13:54 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Seattle / Puget Sound's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Seattle-Puget-Sounds-Industrial-Deliveries-Construction-and-Inventory/148626?ref=/News/Article/Market-Trend-Seattle-Puget-Sounds-Industrial-Deliveries-Construction-and-Inventory/148626&src=rss]]></link><description><![CDATA[During the first quarter 2013, one building totaling 135,000 square feet was completed in the Seattle/Puget Sound Industrial market area. 

This compares to one building totaling 111,000 square feet that was completed in the fourth quarter 2012, nothing completed in the third quarter 2012, and 34,100 square feet in one building completed in the second quarter 2012.

There were 682,130 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a> under construction at the end...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:15:57 GMT]]></pubDate></item><item><title><![CDATA[Richmond American Completes $3.2M Land Deal in Puyallup]]></title><link><![CDATA[http://www.costar.com/News/Article/Richmond-American-Completes-$32M-Land-Deal-in-Puyallup/148168?ref=/News/Article/Richmond-American-Completes-$32M-Land-Deal-in-Puyallup/148168&src=rss]]></link><description><![CDATA[Richmond American Homes of Washington, Inc. purchased 20.1 acres of vacant land at 1302 39th St. SE in Puyallup, WA for $3.16 million, or about $157,000 per acre, to construct a single-family community.

Soundbuilt Northwest LLC sold the development land in the Puyallup submarket of Pierce County, south of E. Pioneer Ave. and east of Shaw Rd. E.   Details about the proposed home sites were not disclosed.

No third-party brokers were involved in...]]></description><author><![CDATA[Remy Mooney <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:40:56 GMT]]></pubDate></item><item><title><![CDATA[Shine Corp Acquires Bellevue Land for $4.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Shine-Corp-Acquires-Bellevue-Land-for-$41M/148167?ref=/News/Article/Shine-Corp-Acquires-Bellevue-Land-for-$41M/148167&src=rss]]></link><description><![CDATA[The Shine Corporation, a Washington-based development firm, purchased the 0.4-acre vacant lot from a local investor for $4.1 million, at a price tag of roughly $10.4 million per acre.  

The property is at 10827 NE 2nd Pl. in Bellevue, WA, just to the west of Meydenbauer Bay, about four blocks from the Bellevue Downtown Park. The Shine Corporation plans to combine their newly acquired lot with an adjacent, 10,000-square-foot parcel in order to develop...]]></description><author><![CDATA[Remy Mooney <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:27:35 GMT]]></pubDate></item><item><title><![CDATA[Equity Residential Sells Skye at Belltown for $94M]]></title><link><![CDATA[http://www.costar.com/News/Article/Equity-Residential-Sells-Skye-at-Belltown-for-$94M/148518?ref=/News/Article/Equity-Residential-Sells-Skye-at-Belltown-for-$94M/148518&src=rss]]></link><description><![CDATA[Equity Residential, a Chicago-based company, sold the Archstone Belltown apartment complex, now known as the Skye at Belltown, to Mill Creek Residential Trust LLC, a Dallas-based developer, and AEW Capital Management LP, for $93.91 million, or about $261,000 per unit.

Located at 500 Wall St. in the Belltown/Denny Regrade submarket of Seattle, the 18-story, 393,841-square-foot multifamily building was built in 1949 on 1.2 acres at the corner of...]]></description><author><![CDATA[Drew Peters <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:25:52 GMT]]></pubDate></item><item><title><![CDATA[Westwood Financial Pays $8.5M for Lakewood Colonial Ctr]]></title><link><![CDATA[http://www.costar.com/News/Article/Westwood-Financial-Pays-$85M-for-Lakewood-Colonial-Ctr/148268?ref=/News/Article/Westwood-Financial-Pays-$85M-for-Lakewood-Colonial-Ctr/148268&src=rss]]></link><description><![CDATA[HomeStreet Bank sold the Lakewood Colonial Center in Lakewood, WA to Westwood Financial Corp. for $8.5 million, or about $74 per square foot.

The 115,324-square-foot shopping center was built in 2005 in the University Place / Lakewood submarket of Pierce County.  Reportedly the sales price was affected by the asset's high vacancy rate and some deferred maintenance at the property.

No third-party brokers were involved in the REO sale.

Please...]]></description><author><![CDATA[Remy Mooney <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:16:44 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Seattle / Puget Sound's Retail Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Seattle-Puget-Sounds-Retail-Deliveries-Construction-and-Inventory/148446?ref=/News/Article/Market-Trend-Seattle-Puget-Sounds-Retail-Deliveries-Construction-and-Inventory/148446&src=rss]]></link><description><![CDATA[During the first quarter 2013, two buildings totaling 13,349 square feet were completed in the Seattle/Puget Sound retail market. 

Over the past four quarters, a total of 539,284 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> has been built in Seattle/Puget Sound.  In addition to the current quarter, 10 buildings with 94,581 square feet were completed in fourth quarter 2012, seven buildings totaling 108,814 square feet completed in third quarter 2012, and 322,540...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 03:52:36 GMT]]></pubDate></item><item><title><![CDATA[41-Story Apartment Tower Breaks Ground]]></title><link><![CDATA[http://www.costar.com/News/Article/41-Story-Apartment-Tower-Breaks-Ground/148409?ref=/News/Article/41-Story-Apartment-Tower-Breaks-Ground/148409&src=rss]]></link><description><![CDATA[GID Development Group is starting construction on its residential tower at 2030 8th Ave. in downtown Seattle near the South Lake Union district.

Construction began this week and initial apartment occupancy is scheduled for May 2015.

The 355-unit luxury apartment tower at the corner of 8th Avenue and Westlake is across the street from Amazon.com’s newly announced 3 million-square-foot office expansion estimated to accommodate 15,000 new employees...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 09 May 2013 02:52:15 GMT]]></pubDate></item><item><title><![CDATA[Wolff Co Acquires 14,000-SF Retail Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/Wolff-Co-Acquires-14000-SF-Retail-Bldg/148125?ref=/News/Article/Wolff-Co-Acquires-14000-SF-Retail-Bldg/148125&src=rss]]></link><description><![CDATA[Valcan LLC sold the 14,375-square-foot retail building at 4724 California Ave. SW in Seattle, WA for $3.4 million, or about $237 per square foot.

The Wolff Company plans on developing a multifamily property featuring 88 units and more than 5,000 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a> at the former Petco building.  Delivered in 1942 and renovated in 1997, the retail property was completely vacant at the time of sale.  The site is located on one-third of an...]]></description><author><![CDATA[Leonard Darnelle Spencer II <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 03:29:27 GMT]]></pubDate></item><item><title><![CDATA[The CoStar Watch List Newsletter for May 9 - May 19]]></title><link><![CDATA[http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss]]></link><description><![CDATA[This Week’s Top Stories

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."

Read the Full Story...

Receiver Sets Liquidation Plan...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:16:13 GMT]]></pubDate></item></channel></rss>