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07/20/2018
Amazon to Open Fulfillment Center, Bring 1,500 Jobs to Spokane
Amazon.com, Inc. today announced plans to open its first fulfillment center in Eastern Washington, occupying a four-level, 600,000-square-foot warehouse under construction near Spokane International Airport. More than 1,500 full-time people will work...

07/18/2018
Amazon Owns Air Rights Above Historic Seattle Building That Just Sold for $67.5M
Seattle’s historic Central Building has sold for $67.5 million, or $351.96 per square foot. The 192,176-square-foot structure at 810 Third Ave. was acquired by a joint venture between Brickman, a New York-based real estate investor, and GreenOak, an investing...

07/13/2018
Nexus Properties Sells 77,000-SF Flex Bldg. in Snoqualmie for $16 Million
Nexus Properties sold a 76,661-square-foot flex building within the Nexus Corporate Park in Snoqualmie, WA for $16 million, or about $209 per square foot. The San Diego-based developer sold the property to a local owner taking title as Snoqualmie Parkway...

07/13/2018
Seattle's South Lake Union Area Hosts $338.5 Million Sale, Puget Sound's Biggest in 2018
Tommy Bahama's headquarters building sold for a 2018 record price of $338.5 million for the Puget Sound region. Seattle's South Lake Union neighborhood sealed its reputation as the region's most desirable commercial real estate location with the sale...

07/12/2018
Flex Bldg. in Bellevue Trades for $5.3 Million
A private investor taking title as 1750 132nd LLC purchased the 8,544 square-foot flex property located at 1750 132nd Avenue in Bellevue, WA for $5.3 million, or $620 per square foot. The private investor acquired the property from Coraggio Textile...

07/12/2018
Seattle Industrial Rent Growth Slows Drastically
The Seattle metropolitan area has one of the nation’s hottest industrial markets, as evidenced by strong cumulative rent growth, tight vacancy and sharp appreciation this cycle. Developers continue to build in hotspots near the ports, and have even expanded...

07/11/2018
Nordstrom to Spend $3.2 Billion on Technology, Supply Chain Upgrades to Compete With Amazon, Macy's
Nordstrom is investing in store upgrades and fulfillment centers to compete with Amazon and Macy's. Nordstrom Inc. plans to invest $3.2 billion on its supply chain and digital initiatives in the next five years as the department store operator remains...

07/09/2018
Western U.S. Senior Housing Portfolio Goes for $382 Million
Pictured: The Bellettini in Bellevue, WA, one of nine senior housing communities MBK Senior Living has acquired in a $382 million deal with West Partners.MBK Senior Living has paid $382 million for a nine-property senior housing portfolio in the Western...

07/05/2018
Pathfinder Partners Pays $18 Million for Astoria Apartments in Fife
San Diego-based investor Pathfinder Partners purchased the 125-unit Astoria Apartments in Fife, WA from Fowler Properties for $18 million, or $144,000 per unit. Built in 1982, the 90,684-square-foot multifamily complex is located at 5700 23rd St. E...

07/05/2018
Another Community Sells a Year after Opening
Ballard on 20th, formally known as Modera Ballard, a 132-unit, mid-rise apartment complex with high-end amenities like a rooftop deck and work-from-home hubs. One of Ballard’s hottest new assets recently traded hands and the buyer paid top dollar to...

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