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ORION Sells Ridgewood Center

ORION Sells Ridgewood Center

ORION Commercial Partners is pleased to announce the sale of Ridgewood Center in Federal Way, WA to Calista Corporation for $3.6 million. At the time of sale, Ridgewood was 88% leased to national- and regional-credit tenants. The building is 31,757 SF not including covered parking structure, built in 1989, and extensively remodeled in 2009. Please…

Key Bank Building Sells for $36M

Key Bank Building Sells for $36M

Journal Staff, DAILY JOURNAL OF COMMERCE BELLEVUE — An entity called Fana Key LLC bought the nine-story, 96,571-square-foot Key Bank Building in Bellevue from Legacy Partners for a little over $36 million last week, according to property records. The property at 10655 N.E. Fourth Street was built in 1972. Foster City, Calif.-based Legacy bought it…

Big West Seattle Retail/Apartment Development Planned

Big West Seattle Retail/Apartment Development Planned

Eric Pryne, THE SEATTLE TIMES The old Huling Brothers auto showrooms and lots on busy Fauntleroy Way Southwest at the entrance to West Seattle have sat mostly vacant since the dealerships closed five years ago. Now the properties are finally showing signs of life. Two high-powered national developers have unveiled plans for a six-story building with more…

Kent Valley Industrial Portfolio Sells for $37.6 Million

Kent Valley Industrial Portfolio Sells for $37.6 Million

Justin Sumner, COSTAR PS Business Parks, Inc. (NYSE: PSB) has acquired 212th Business Park, a 958,000-square-foot, eight-building industrial park for $37.6 million, or about $41 per square foot, from CBRE Global Investors. The 44-acre park is located in the Kent Valley submarket of Seattle, WA on S 212th St. and 84th Ave. S in close proximity…