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 […]
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 the Bloomberg Billionaires Index—announced earlier this month that he was planning to move back to Miami, where his parents live and where he spent his high school years. Bezos stepped down […]
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, […]
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 […]
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 […]
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 […]
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 […]
WASHINGTON — (AP) — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world’s goods and services. So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too. And when they hold a rare […]
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, 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, […]
The Seattle skyline looking north from SoDo. (GeekWire File Photo / Kurt Schlosser) The demand for office space in Seattle is the lowest among all cities measured in a new report from VTS, a commercial real estate technology platform. The VTS Office Demand Index (VODI) report released this week shows Seattle experienced the greatest quarterly […]
A Bellevue investment firm, iCap, is facing financial and legal troubles amid charges that the firm raised millions of dollars with promises of real estate projects that were never completed and investor repayments that were not fulfilled. The firm has been in business for about a decade and claims to develop various types of […]
Welcome to Seattle’s real estate market, where luxury knows no bounds. This city stands out as one of the most vibrant, diverse, and notably expensive cities in the United States, particularly when it comes to buying and selling homes. Nestled amid the stunning Pacific Northwest landscape and stunning neighborhoods, the Emerald City is no stranger […]
So you’re a renter on the West Coast. For years, that meant you were in for world of pain, as the “superstar cities” of Seattle and San Francisco just got more and more unaffordable. The shoe is on the other foot now, says Capital Economics, a London-based research firm. To be sure, their analysis looked […]
Art and architecture. Kids and collections. The melding of these four themes created a house like no other in the Pacific Northwest. The extraordinary home has been praised in the pages of Elle Decor. And now it’s being appraised on the marketplace: For the first time in the artful Seattle home’s history, it’s available for […]
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 […]
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 […]