CBRE Secures $47M in Construction Financing for MF North of Seattle – Connect CRE

CBRE has arranged $47 million of construction financing for Motto Apartments, a 228-unit multifamily project being developed by Intracorp Homes in Marysville, Washington. CBRE’s James Bach, Connor Lemley, Regina Wang and Griffin Walker secured the construction to permanent, seven-year fixed, full-term interest-only financing on behalf of their client, Intracorp. The CBRE team requested construction loan […]

Jeff Bezos is moving from Seattle to Miami—and he could take some of Amazon with him – Fortune

Amazon and its founder-turned-executive-chairman, Jeff Bezos, both look set for new ventures in Miami. Bezos—the world’s second richest person, according to Bloomberg’s Billionaires Index—announced earlier this month that he was planning to move back to Miami, where his parents live and he spent his high school years. Bezos stepped down as Amazon CEO in 2021, […]

Seattle City Council Rejects Transformation Impact Fee – Connect CRE

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]

For downtown to thrive, Matt Griffin says developers must ‘mark to … – Seattle Daily Journal of Commerce

November 17, 2023 For downtown to thrive, Matt Griffin says developers must ‘mark to market’ Griffin learned the importance of marking to market during the construction of the 1201 Third Ave. office tower, which debuted in 1988 in an oversaturated market, amidst the savings and loan crisis. After more than 50 years developing property in […]

UAE president visits Dubai Air Show as Russian arms company shows attack helicopter used in Ukraine – KIRO Seattle

DUBAI, United Arab Emirates — (AP) — The leader of the United Arab Emirates toured the Dubai Air Show on Wednesday as a sanctioned Russian arms supplier displayed an attack helicopter used in its war on Ukraine, highlighting his country’s continued ties to Moscow despite Western sanctions targeting it. Sheikh Mohammed bin Zayed Al Nahyan […]

Rite Aid to Close More Seattle-Area Bartell Drugs Stores – Connect CRE

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]

Time Equities, Gordian Knot Acquire Seattle Apartment Complex – Connect CRE

Time Equities, Inc. (TEI), a New York-based real estate firm, along with Gordian Knot Investments (GKI), has acquired Mirabella Apartments, a 40,400-square-foot mixed-use residential complex in Seattle, Washington. The property is located at 4250 Aurora Ave N and was sold by Gibraltar USA. TEI and Gordian Knot were represented by TEI’s Jonathan Dulberg and Keaton Baum, […]

Seattle-Area Megaproject Swaps Office for Housing – The Real Deal

An ambitious project in Bellevue, Washington, initially conceived as a sprawling office complex, has been reimagined as a mixed-use development with a greater emphasis on residential space.  The transformation comes as part of Stanford Hotels Group’s updated proposal, aptly named Cloudvue 2.0 (formerly Cloudvue), and plans for it were recently outlined in documents submitted to […]

Seattle-area office market ‘continues to struggle’ with rising … – GeekWire

Regional office vacancy increased for the sixth consecutive quarter in the Seattle area. (GeekWire Photo / Nate Bek) Seattle-area office vacancy rates have more than doubled from pre-pandemic levels, reflecting the ongoing impact of macroeconomic uncertainty and work-from-home policies on the region’s reeling commercial real estate sector. Vacancy rates rose to 12.2% in the second […]

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