Spanaway
Spanaway, WA · Real Estate
yieldpro.com
Kidder Mathews Arranges Sale of 54,886 SF Multifamily Development Site in Kirkland Washington
Kidder Mathews has arranged the sale of a 54,886-square-foot multifamily development site at 9755 NE Juanita Drive in Kirkland, Washington. Dylan Simon, Jerrid Anderson, and JD Fuller of the Simon | Anderson Multifamily Team represented the seller, an institutional developer, and served as the sole brokers in the transaction. Located...
connectcre.com
Report: Seattle-Tacoma Area Office Market Sees Declining Vacancy
The Seattle-Tacoma metro area office is showing signs of declining vacancy, according to a recent report by Marcus & Millichap. “Seattle-Tacoma’s office market is showing broader signs of stabilization as improving absorption and a nearly empty development pipeline support declining vacancy, although recovery continues to vary by property class and submarket,” said Joel Deis, senior managing director, market leader.
Axios Seattle
Downtown Seattle office leasing hits 8-year high
Downtown Seattle's battered office market is showing signs of life after years of declining occupancy, though full recovery likely remains a way off. Why it matters: The gains offer a hopeful sign for one of Seattle's most troubled economic sectors, which has struggled to recover from the pandemic and remains a weak spot in the city's economy . Driving the news: Downtown Seattle gained 300,000 square feet of occupied office space in the third quarter, its first quarterly increase since 2021, according to commercial real estate firm CBRE . The downtown vacancy rate dipped to 35.4%, down half a percentage point from the previous quarter. Across the Puget Sound region, occupied office space increased by 514,000 square feet, marking the fourth consecutive quarterly gain, per CBRE. New lease commitments in Seattle's traditional office core in the second quarter totaled more than 550,000 square feet, making it the strongest quarter for new leasing since 2018, according to Elliott Krivenko of CoStar . Case in point: AI company Anthropic recently expanded its Seattle footprint to about 163,000 square feet. Zoom in: Companies are gravitating toward high-end offices with amenities such as conference rooms, event spaces and fitness centers that can help attract
westseattleblog.com
UPDATE: Seattle Social Housing Developer buying Youngstown Flats
(2013 photo, shortly after Youngstown Flats opened) Just a few moments ago, our Board voted to acquire Youngstown Flats in West Seattle. That will bring our total to ~350 social housing homes citywide by the time we close on the property – which we expect will happen in mid-December.
propmodo.com
Rental Fee Rules Are Moving to Cities and States, Creating a Compliance Headache
Federal attention to rental fee practices has receded over the past year, and the vacuum has not gone unfilled. State legislatures and city councils have taken up the issue on their own, producing a growing set of rules that govern what landlords can charge, how those charges have to be disclosed, and what happens when they get it wrong.
westseattleblog.com
VIDEO: New tiny-house village opens in South Park, with Glassyard Commons in West Seattle soon to follow
Seattle’s largest tiny-house village, with 90 units, has just opened in an industrial area of southwest South Park. Cloverleaf Village is operated by the Low-Income Housing Institute, whose executive director Sharon Lee told us that Glassyard Commons is still on track to open next month on 2nd Avenue SW in southeast West Seattle.
connectcre.com
Skanska Plans New Restaurant at The Eight in Downtown Bellevue
Skanska announced that Sea Creatures, a family of locally owned and operated Seattle restaurants, has signed a lease at The Eight, a 25-story, 541,000-square-foot office tower located at 10770 NE 8th St. in downtown Bellevue. The new restaurant will mark Sea Creatures’ first expansion to the Eastside, adding to The...
seattleagentmagazine.com
Real estate information is everywhere. Interpretation is the advantage.
Seattle-area Realtors are being asked to do more than ever. Clients want guidance on rates, pricing, inventory, affordability, neighborhood shifts, new construction and the right time to move. At the same time, buyers and sellers have more information than ever, but not necessarily more clarity. That is where the “impact...
Realtor.com News & Insights
Boise, Idaho, Becomes a Rare Haven for First-Time Buyers Seeking Starter Homes
A recent metro-by-metro analysis by Realtor.com® reveals new findings on the availability of starter homes across the country. For many would-be buyers, the dream of homeownership has felt increasingly distant
B-Town (Burien) Blog
ECOThrive seeks funding to advance 27 affordable homes in Burien’s Boulevard Park
ECOThrive Housing is seeking donations and funding partners to close a financing gap for a planned village of 27 permanently affordable, community-owned homes in Burien’s Boulevard Park neighborhood, citing rising construction costs. “This is prevention, not crisis response,” organizers said. “Without intervention, many working households are one rent increase...
seattlemet.com
Off-the-Wall Ideas to Make Seattle Better
Sometimes you have to dream big. While great minds across the city are making concrete new inventions—like the 10 best we picked here—some of us are thinking in more abstract terms. We picked four pie-in-the-sky ideas for Seattle's future and investigated what it would take to implement them. Possible? Maybe not today. But tomorrow is just around the corner.
connectcre.com
Investor Acquires Lowe’s Ground Lease in Kent
Northmarq closed the sale of a 10.62-acre Lowe’s ground lease located at 24050 Pacific Hwy S. in Kent, Washington. Northmarq represented the seller, with the firm’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, brokering the deal in collaboration with Austin Cohn of Wahl & Associates. The buyer was a private East Coast-based group, as part of a 1031 exchange.
smartcitiesdive.com
Seattle social housing hits milestone with land acquisition
The Seattle Social Housing Developer Board last week unanimously approved a location in the city’s Central District for its first social housing construction project. The project will include around 20 mixed-income homes, at least half with two to three bedrooms, and will cost an estimated $15 million. The development is slated for completion by the end of 2028.
fox13seattle.com
WA's Sound Transit seeks $765M to buy up houses for light rail access
The Sound Transit Board of Directors will vote Thursday on a $765 million request to fund property acquisitions and construction access for the West Seattle Link Extension. Resolution R2026-23 covers 64 parcels, requiring three full property purchases, one partial acquisition, and 60 legal easements across affected neighborhoods. Sound Transit plans...
connectcre.com
Newmark Arranges 266K-SF Industrial Lease Near Seattle
Newmark has arranged a full-building lease at Prologis Park SeaTac 3, a 265,922-square-foot industrial facility in Des Moines, Washington. Newmark Executive Vice Chairman Thad Mallory, Vice Chairman Taylor Hoff and Managing Director Cam Warren represented property owner Prologis in the transaction. “This submarket has led the way for regional leasing...
southsoundbiz.com
Kent’s Canyon Ridge Plaza Sells for $19M
Canyon Ridge Plaza, an 86,909-square-foot multitenant retail center in Kent, has sold for $19 million, according to a news release Tuesday from commercial real estate company Northmarq, whose Pacific Northwest investment sales team completed the sale. Kimco Realty acquired the property, located at 26015 104th Ave. SE, said Northmarq, whose...