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Amazon-Occupied 202 Westlake Building Sells for $129.5 Million
Last week, GLL Real Estate Partners sold the 202 Westlake Building in South Lake Union for $129.5 million to La Salle Investment Partners. The sale of the Amazon-tenanted building marks a new record in price-per-square foot of Seattle office space at a whopping $996/SF. That record was previously set by the sale of the same […]
Posted in Commercial Real Estate, Office Buildings, Uncategorized
Facebook’s Oculus Set to Expand in Seattle Region
Facebook-owned VR company Oculus appears to be significantly expanding its operations in the Seattle region. According to recent job postings, the company expects to hire more than 100 positions at its Redmond offices, about as many open positions as the company currently has posted for the rest of its offices combined, including at its Menlo […]
Posted in Office Buildings, Uncategorized
Yakima Speedway To Be Sold For Mixed-Use Development
After almost 60 years in operation, the Yakima Speedway and Ice Rink will be sold to make room for a new mixed-use development project. The proposed plan, currently known as Sun Square Yakima, includes a hotel, office space and retail area. The current ice rink will be replaced with a NHL-sized ice arena. Ted Pollock, […]
Posted in Mixed Use Development, Uncategorized
Blackstone’s Head of Real Estate Talks Tech
In a recent interview, Jon Gray, the head of real estate for private equity giant Blackstone, spoke about the role technology is playing in the commercial real estate world. Gray stated that despite expectations, technology actually plays a major role in how capital is deployed. One major shift Gray identified was the rise in online […]
Posted in Uncategorized
Contention Over A Los Angeles Convent Highlights Commercialized Religious Real Estate
Considering the Crusades and other religious wars, this one is relatively tame. A convent that formerly housed the Sisters of the Most Holy and Immaculate Heart of the Blessed Virgin Mary was put up for sale in Los Angeles. Developer Dana Hollister purchased the property from the nuns, with the intent to rezone it for […]
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