Craig Hill 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
The Puget Sound region’s office market has not yet peaked, but it’s getting closer to doing so, according to a new report. Fueled by robust job growth, especially in the tech sector, new buildings are getting leased up for now, according to the report, which commercial real estate services company JLL (NYSE: JLL) issued Monday. … Read more
Developable land in downtown Seattle is hard to come by, so interest in two sites about to hit the market will likely be high. As part of its $1.6 billion addition, the Washington State Convention Center is working to get the city’s approval to develop a 29-story apartment tower and a 16-story office building, which … Read more
Marc Stiles – Staff WriterPuget Sound Business Journal Amazon and some other tech companies have become so dominant in commercial real estate that there’s now an acronym to describe the phenomenon. “GAFA” stands for Google, Amazon, Facebook and Apple. The first three companies are leasing up new buildings in the Puget Sound region, while Apple is expanding … Read more
$202.7M: Sale of One Twelfth @ Twelfth office sets Bellevue record It took only about a month for Bellevue’s office market to set a new price record for the year. The new mark was set this week with the $202.67 sale of One Twelfth @ Twelfth, a three-building campus just off of Interstate 405 on … Read more