State: Washington - WA
Soft Economy Affects Seattle Property Sales
Boston Scientific, which is looking to sell a Redmond, Wash., office/manufacturing campus that it's vacating, is now also looking for tenants to take some of its space, hoping to make it more valuable. Buyers are no longer paying up for ...
Hospitality Properties Buys Four Marriott Hotels for $101.5 Mln
June 18, 2001 NEWTOWN, Mass. – Hospitality Properties Trust (NYSE:HPT) has purchased four hotels from Marriott International Inc. (NYSE:MAR) for $101.5 million.The properties consist of: a 356-key resort hotel, Kauai, Hawaii; a 295-unit Courtyard by Marriott in California; and a ...
Developers Buy Land for Seattle Waterfront Hotel
June 7, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterA venture between Wright Hotels Inc. and Host Marriott Corp. has purchased a site for a downtown Seattle waterfront hotel that has been in the planning for much of ...
AEW to Spend $50Mln to Revitalize West Coast Urban Areas
June 7, 2001 BOSTON – AEW Capital Management plans to invest up to $50 million on behalf of an institutional client to develop and redevelop projects in under served urban neighborhoods in major west coast markets.The company will primarily invest ...
Opus Center South
Amazon.com leases entire 11-story bldg; deal gives McCaw ownership of all 3 bldgs built by Opus NW on the site.
Wedgwood Estates
at 75th S and 36th Ave.; built in 1948 with 3 midrise buildings added in the early 1980s. The sale is scheduled to close in July. Bonds will finance the purchase.
Burnham Pacific Sells Bellevue, Wash., Retail Center for $14.3Mln
May 21, 2001 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has completed the sale of the Design Market center in Bellevue, Wash., for $14.3 million, or $161.60/sf.The Design Market is a specialty shopping center focused on the home decorating ...
$255Mln Construction Loan Secured for Lincoln Square Development
May 16, 2001 BELLEVUE, Wash. – Fleet National Bank and Dresdner Bank AG have provided $255 million in construction financing for Lincoln Square, the mixed-use complex under construction downtown. Lincoln Square is being developed jointly by Lend Lease Real Estate ...
Suburban Apartment Complex in Wash. for Sale
May 11, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterA regional apartment developer in Washington is looking to sell a new 181-unit multifamily property just outside Tacoma for $15.3 million.SEB Inc. has retained Kidder, Mathews & Segner ONCOR ...
Drugstore.com Backs Out of Office Lease in Puget Sound
May 2, 2001 Special to Commercial Real Estate DirectConfirming a months-long rumor, drugstore.com has publicly said it has cancelled its lease for 140,000 square feet at the proposed Lincoln Square, a mixed-use project in downtown Bellevue, Wash.The lease cancellation raises ...
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