A report Friday afternoon from the Seattle Times confirms Bellevue city planners have approved a 450-foot office tower at NE 8th St and 110th Ave NE by development company Beacon Capital Partners of Boston. The proposed project is reported to be 32-stories, and capacity for 691,000 sq. ft. of office […]
Commercial Real Estate
New Plans for Office Towers on NE 8th
In an article on Friday, the PSBJ reports Beacon Capital Partners LLC is creating plans for a high- rise office tower in the core of Downtown Bellevue at 10833 NE 8th St. The newly proposed building would be 32-stories of office space and would be positioned to accomodate a 2nd […]
Yahoo! Subleases space, confirmed again
In an article in the PSBJ Monday, it was restated that Yahoo plans to sublease half of their office space at One Twelfth @ Twelfth. Over a year ago, Yahoo took over 115,000 square feet of office space with the hope of growing Yahoo’s presence in the Puget Sound. They […]
Yahoo Subleasing Downtown Bellevue Office Space
Downtown Bellevue has been a focal point in the strategic plans of software and dot com giants such as Yahoo, Google and Microsoft, as the three competitors can’t seem to acquire enough office space. Microsoft has leased nearly every large vacancy in Downtown Bellevue, Google attempted to lease Tower 333, […]
The Village Bellevue – Open House
Today, from 4-8pm, The Village Bellevue will be hosting an open house to show off their rentable office space concept that will occupy a portion of Su Development’s Element’s Too building, which is currently under construction. We previously reported the announcement of this project back in March. They now have […]
Microsoft Leases City Center Plaza
As rumored last week, Microsoft has fully leased City Center Plaza on 6th Street in Downtown Bellevue. The 26-story, 571,806 square foot building will add to the already large footprint Microsoft has in Downtown Bellevue, which will make them Bellevue’s largest employer. City Center Plaza building will allow for about […]
Q1 Commercial Real Estate Statistics for Downtown Bellevue
The first quarter office market statistics for the Bellevue CBD reflect a market in limbo, as nearly 75,000 square feet of office space was negatively absorbed, causing vacancy rates to tick up slightly to 7.23% in Downtown Bellevue. However, lease rates continued to rise, reaching $38.67 on average; a 2.5% […]
US Commercial Real Estate Vacancies Rise, Bellevue Still On Top
According to Cushman & Wakefield, the national trend in the first quarter for commercial real estate has vacancies rising from 9.7 to 9.9 percent. The average US commercial rent increased to $37.69 by the end of the 1st quarter. Bellevue, again, has continued to lead the pack with the lowest […]
Is the Downtown Bellevue Office Market Slowing?
City Center Plaza in Downtown Bellevue has begun to sneak up upon completion. This half million square foot building according to the Puget Sound Business Journal in a recent write up, has only El Gaucho as a signed retail tenant. Other buildings in the area such as, Tower 333 and […]
18 Cranes Up in Bellevue
The City of Bellevue’s Website just recently posted a listing of all 18 cranes (as of March 10th) and their locations within Bellevue. The majority of these cranes are due to the construction growth in Downtown Bellevue. Projects with cranes: Bravern – 4, Advanta – 3, Bellevue Towers – 2, […]
