Craig Hill ANTHONY BOLANTE | PSBJ Amazon halts tower construction, may sublease Rainier Square if Seattle passes head tax For several weeks there have been rumors that Amazon.com Inc. is pulling back from developing and leasing office space in Seattle due to the city’s proposed head tax. Wednesday the company confirmed part of the story. The Seattle … Read more
Mar 27, 2018, 5:47pm PDT Microsoft Corp.’s cloud business could propel the company to a $1 trillion market capitalization within one year, Morgan Stanley analyst Keith Weiss predicts. The investment bank raised its price target for Microsoft to $130 from $110. Microsoft stock opened around $95 on Tuesday. Microsoft has the fourth-largest market capitalization, behind … Read more
Office rents in Seattle higher than Chicago, L.A. But big companies aren’t deterred from downtown By MIKE ROSENBERG Seattle Times business reporter It’s not just housing prices: Seattle is not the bargain it used to be for companies, either. Historically, the city was a cheaper place to rent office space than a lot … Read more
HORIZON SERVICE TO START THIS FALL 13 nonstop departures ultimately planned to West Coast cities daily By CHRISTINE CLARRIDGE AND DOMINIC GATES Seattle Times staff reporters Alaska Airlines announced Tuesday that it will begin offering nonstop flight service from Paine Field airport in Everett to more than a half-dozen destinations starting this fall. The Seattle-based … Read more
Remember Boeing? Ashley Stewart Staff Writer Puget Sound Business Journal Seattle politicians to Amazon: ‘We would like to hit the refresh button’ Oct 16, 2017, 2:52pm PDT Updated: Oct 17, 2017, 11:52am PDT A group of Seattle politicians including city council members, state lawmakers and Port of Seattle commissioners sent a letter to Amazon CEO … Read more
Amazon.com Inc.’s decision to establish a second corporate headquarters is going to make some North American city very happy once the online retail behemoth announces its choice next year. But it will likely be bad news for Seattle, Amazon’s longtime home, which has benefited enormously from the company’s rapid growth. Analysts predict that much … Read more
We recently listed two excellent choices for exchange buyers,owner users or value add buyers. 500 Everett Mall Parkway Plaza is a mixed use retail and office development a short distance from Paine Field and the Boeing complex. It is fully leased and has expansion possibilities for another 20,000 plus square feet of mixed use space. … Read more
CRE Northwest is marketing 500 Everett Mall Plaza for sale. Confidentiality Agreement and Offering Memorandum located here. The property is offered for $6,500,000 with a projected CAP of 7.2%. The property consists of both Retail and Office tenants and there is additional land available for further expansion. 500 Everett Mall Plaza is located a short distance from Paine … Read more
CRE Northwest congratulates Charles Simonyi and his team which include Magnus Christerson Executive Vice President and Hartley Paul Legal Counsel on their merger with Microsoft. Intentional Software, the Bellevue-based startup founded by the Microsoft veteran who oversaw the creation of products including Word and Excel. Charles Simonyi in 2002 left Microsoft (Nasdaq: MSFT) to start … Read more
A once-in-a-lifetime development play is slowly unfolding in Seattle’s South Lake Union neighborhood, where the city is getting ready to sell some large properties. Together the mostly vacant properties on Mercer Street and Aurora Avenue North total 2.75 acres and are near some world-renowned institutions and businesses, such as the Bill & Melinda Gates Foundation, … Read more