Category: Deals

$600 million renovation of KeyArena approved by Seattle City Council

December 5, 2017 | 0 Comments

The Seattle Times, Geoff Baker   Los Angeles-based Oak View Group (OVG) was granted the $600 million renovation to KeyArena with a 7-1 vote to approve a Memorandum of Understanding (MOU) by the Seattle City Council. Earlier this January, Seattle issued a Request for Proposals to renovate the KeyArena with the intention of luring NBA and NHL teams to the area. The NHL is expected to make an announcement by […]
California investor buys old Boeing HQ building on the Duwamish

July 17, 2017 | 0 Comments

Puget Sound Business Journal, Marc Stiles  A privately held real estate investment company based in Santa Monica, California has entered the Seattle market by buying an historic brick building that housed Boeing’s first headquarters. Vista Investment Group paid $14.6 million for the stout, 1929-built property at 200 S.W. Michigan St., according to commercial real estate company Kidder Mathews, which listed the property for San Francisco-based seller Lift Partners. The Seattle […]
Boeing puts six Seattle-area office buildings up for sale

May 30, 2017 | 0 Comments

Puget Sound Business Journal, Marc Stiles Boeing has put six Puget Sound area office buildings up for sale. Boeing wants to sell the Duwamish Towers – the two-building Tukwila campus southwest of Boeing Field – and four Bellevue buildings in the Eastgate area. The buildings total 632,000 square feet. Boeing has not set an asking price, spokeswoman Debby Arkell said Tuesday. “As part of Boeing’s ongoing efforts to reduce costs […]
Spokane company wins $93M million light rail job in Bellevue

January 31, 2017 | 0 Comments

Puget Sound Business Journal, Marc Stiles Sound Transit has awarded general contractor Max J. Kuney Co. a $93 million contract to build a light rail station and guideway in the Bel-Red corridor of Bellevue. Spokane-based Kuney will build the Bel-Red/130th Station and the mile-long guideway, which is one segment of the 14-mile East Link project from Seattle to Redmond. Kuney is to begin construction as early as this quarter, according […]
BECU buys 8 buildings next to its Tukwila headquarters for $78M

December 29, 2016 | 0 Comments

Puget Sound Business Journal, Marc Stiles BECU, the largest credit union in Washington state, is the new owner of eight large buildings next to its headquarters building in Tukwila. The credit union paid a total of $78 million for the buildings in the Gateway Corporate Center, according to a deed that King County posted Tuesday. The buildings have a total of nearly 375,000 square feet, or more than twice as […]
Prologis Pays $136MM for Boeing Field Site in Tukwila

December 1, 2016 | 0 Comments

The Registry San Francisco-based Prologis has its eyes on the Puget Sound region again. The global industrial property owner and operator paid $136 million to acquire a site located at 3301 South Northfolk St. and 10230 East Marginal Way in Tukwila. The seller was Sabey Corporation, which purchased the site in April of 2007 for $91 million, according to public documents. The site is a 62-acre multi-building location that span […]
Amazon leases new 21-story Seattle office tower

November 14, 2016 | 0 Comments

Puget Sound Business Journal, Marc Stiles Amazon has leased all of the new 21-story Midtown21 office high-rise in Seattle. The long-term lease covers all of the tower’s 365,000 square feet, Trammell Crow Co. and joint venture partner MetLife said Monday. Construction of the tower is scheduled to be done in December. Amazon will move in later in 2017, said Trammell Crow, which developed the building. Other details of the deal […]
Seattle-Based Talon Private Capital Acquires Office Campus in Tukwila For $22.2MM

September 20, 2016 | 0 Comments

THE REGISTRY, Kristin Bentley A three-story office campus was acquired in Tukwila last Friday, by Seattle-based real estate investment firm Talon Private Capital, for $22.2 million, or just over $126 per square foot, according to public records. Dan Foster and Matthew Hinrichs, partners of Seattle-based brokerage firm ORION Commercial Partners LLC, represented the buyer in the transaction. The seller of the property is Palo Alto-based Broadreach Capital Partners, LLC. Neither […]