Seattle Developer Defaults on Renovated Office Buildings "Loan is backed by two Martin Selig Real Estate properties." (Bloomberg)
Buyer of former Amazon building aims to capture demand from companies returning to the office "Lake Washington Partners to invest $15 million in upgrades to Seattle tower" (CoStar)
Meta shrinks in the Spring District as Bellevue office market rebounds "Tech’s real estate retrenchment has set the office market back in several cities since the pandemic, including Seattle and on the Eastside. But Bellevue has shown bright spots with higher-than-average rents for high-quality space and availability rates that are projected to flatten in the next few years." (Seattle Times)
Construction begins on $177 million Shoreline nursing facility "The three-story project is scheduled to be done in November 2027." (Puget Sound Business Journal)
Redmond Greenlights Center Upzones, Sixplexes Citywide, Higher Affordability Requirements "Under Redmond’s transit-oriented development (TOD) approach, 30-story towers could be possible in the core of Overlake Village, if builders max out height bonuses — though that may not be easy to do. Overlake borders Microsoft’s sprawling headquarters campus, which in the main economic engine of affluent Redmond. In Downtown and Marymoor Village, incentives can push development to 12 stories, the City said." (The Urbanist)
