Category: Growth

$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 […]
Bellevue Approves Development Plan for Downtown Office, Hotel Towers

April 14, 2017 | 0 Comments

CoStar, Randyl Drummer Project Would Be Built at Site of Equity’s Commonwealth’s Bellevue Corporate Center The city of Bellevue has approved a master development plan for 600 Bellevue, a proposal by Equity Commonwealth (NYSE: EQC) and Seattle developer Touchstone to build a 450-foot-tall, 794,000-square-foot office tower, and 435-foot-tall, 491,000-square-foot hotel at EQC’s Bellevue Corporate Plaza. An existing parking garage and transit building on the site at 600 108th Ave NE […]
Amazon Takes Another 300,000 SF in Seattle’s Largest Office Lease to Date in 2017

March 16, 2017 | 0 Comments

CoStar Group, Randyl Drummer Internet Retailer’s Planned or Occupied Space in Seattle Now Tops 9 Million Square Feet is adding even further to its already rapidly-growing office presence in Seattle, leasing all 11 floors of Touchstone Corp.’s Tilt49 building under construction in the Denny Triangle neighborhood. The 290,673 square feet taken by Amazon in the nearly completed 307,296-square-foot building at 1812 Boren Ave. is the largest lease of the […]
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 […]
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 group offers private financing for SODO arena

October 26, 2016 | 0 Comments

Kiro 7 A new proposal for a Seattle arena indicates that principal investor Chris Hansen and his partners are open to forgoing $200 million in public money to build in the SODO neighborhood. In a letter to Seattle Mayor Ed Murray, King County Executive Dow Constantine, and the Seattle City council, Hansen and partners wrote that economic considerations led them to suggest a new proposal in bring the NBA back […]
Developer: WeLive is coming to downtown Seattle high-rise

September 15, 2016 | 0 Comments

Puget Sound Business Journal, Marc Stiles Co-working company WeWork and its new communal living concept, WeLive, will occupy a 36-story tower planned for downtown Seattle, project developer Martin Selig said Thursday. Selig’s confirmation caps months of speculation and means that Seattle will be one of only a handful of cities with a WeLive community. Currently, there are two WeLives, one in New York City and the other in Arlington, Virginia. […]
$53M deal leads to construction of new Renton medical building

September 14, 2016 | 0 Comments

Puget Sound Business Journal, Marc Stiles A publicly traded real estate company that has been buying and building medical office buildings in the Puget Sound area has struck again, this time in Renton. According to public records, Nashville, Tennessee-based Healthcare Realty Trust (NYSE: HR) paid $53 million for the Talbot Professional Center on the UW Medicine | Valley Medical Center campus. Earlier, Healthcare Realty bought a nearby building called Valley […]