Commercial Property Investments
Everett’s Paine Field Opens to Passengers in February
While Sea-Tac Airport continues to undergo expansion, fliers will soon have have an alternative to the north. Everett’s Paine Field, which broke ground on its new passenger terminal in June 2017, will begin commercial flights early next year. Seattle-based Alaska Airlines has stated that they will begin flights out of the public-private airport in February pending […]
Posted in Commercial Property Investments
Renton Warehouse Sale Indicative of Growing Value of Industrial Buildings
A warehouse site located on 3002 Lind Ave in Renton, WA was recently purchased by LBA Realty LLC for an impressive $11.3 million. The site, previously owned by Lind Ave LLC, had drawn attention from investors from far and wide. The sale is indicative of the trending value both in storage space nationwide and industrial space […]
Posted in Commercial Property Investments
Opposition Grows Against Planned 14-story Hotel at Pike Street Market
The Hahn Building, an unassuming 131-year-old edifice at the entrance to Pike Street Market, is set for demolition, to be replaced by a 14-story hotel. Despite its age, the existing building was twice rejected for historical status due to its numerous alterations. Now, however, developers Marketview Place Associates are facing a growing opposition to the […]
City Council Member Proposes Tenant Relocation Ordinance
Last week, Seattle city council member Kshama Sawant announced proposed legislation that would force landlords to have to pay for tenant relocation after a pronounced rent increase. The city currently requires 30 days notification for a rent increase, or 60 days notification if the increase amounts to more than 10 percent in an annual period. Since […]
Seattle Construction Firms Using Technology to Make Labor More Efficient
Seattle is no doubt in the middle of a construction boom. This means that while thousands of local construction jobs have become available, many go unfulfilled. It should be now surprise then that in a city as tech saturated as Seattle, construction companies are turning to mobile apps and cloud-based software to make better use […]
South Seattle Community Prepares for Future Light Rail Expansion.
The Graham Street station in South Seattle is not expected to go online until 2031. But community organizers are already anticipating new development and evaluating the potential effects of gentrification in the area. In particular, SouthCore, a coalition of 24 organizations that was active in lobbying for the new station, is trying to start a […]
Beacon Hill Grocery Transforms into Arts Space
A 1929 building on 21st Avenue South and Stevens Street that began life as a corner grocery store has now been transformed into a multi-use space for the arts and community events. Married couple Janet Galore and Demi Raven bought the space two years ago while still dating. Though the building is no longer zoned for commercial […]
City Evacuates Unfinished Micro Apartments.
On Thursday, residents of the Cubix micro apartment complex on 95th St had to evacuate after a stop work order from the City of Seattle revealed that the building was never given a legal occupancy permit. Building inspectors stated that the 41-unit complex was never even inspected. The site included many hazardous unfinished areas such […]
Seattle Market In Top 30 For Commercial Real Estate Investment, According To Study
Jones Lang LaSalle is reporting that as real estate investment is reaching pre-Recession levels, 50% of it is concentrated in only 30 cities, worldwide. And, that impressive list includes Seattle, of course! They report that real estate investment is expected to continue on the upswing to about $1 trillion by the year 2020, driven by […]
Could not authenticate you.
Please fill all widget settings!
Recent Comments