In today’s Seattle Times, a story has been reported about how the entire block, where Washington Square condominium towers currently resides, is seeking a buyer (or partial buyer) by the developer, Wasatch Development Partners. The story reported that the asking price in a letter in August sent to prospective buyers, listed […]
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 […]
Bellevue Towers Crane Comes Down
The crane at the Bellevue Towers job site over the last week has started coming down, and by Sunday (Aug 3rd) will be completely removed. The 43 and 42 story buildings as previously reported were topped off in May. By the looks of things, the towers have over 80% of […]
Washingon Mutual Office for Sale
The Washington Mutual office at 106th and NE 8th is for sale. The land, according to a recent Puget Sound Business Journal article has the land valued at $12 million. Washington Mutual would be willing to swap for another, smaller property. According to a spokesperson for Washington Mutual, the bank […]
Paccar is buying land. Is it to move?
Downtown Bellevue-headquartered Paccar has recently acquired more land within the Downtown Bellevue core. In April, the strip mall which houses Chipotle and Jamba Juice was purchased by Paccar for $11.9 million, at 10503 N.E. 4th St. This brings Paccar’s total holdings to 7.44 acres of land in Downtown Bellevue, according […]
Lincoln Square II Delayed
An article posted in Tuesday’s Seattle Times, reported that Kemper Development’s expansion of Lincoln Square has been delayed by at least 15 months due to the current market conditions. Construction on the project will not begin until the middle of 2010 at the earliest. As previously reported, the expansion plans […]
Brazen Real Estate Partners With Sotheby’s International Realty
Brazen Real Estate, Bellevue’s local neighborhood realtor, has recently reached a licensing agreement with worldwide luxury realtor Sotheby’s. For an undisclosed amount, Brazen Real Estate will use Sotheby’s network to further interest those around the country, and world, about properties available in the area. Not just any real estate firm […]
The New York Times Recognizes Bellevue As A Strong Real Estate Market
A New York Times article, titled “Housing Prices Fall 14.1% in Sign of Continuing Slump,” had a small blurb recognizing Bellevue as an area with “robust” sales. Here is the excerpt: As in other regions, the slowdown is hitting outlying areas first and hardest. Sales and prices are still robust […]
Growth Stunted: European Tower Project Delayed
After recently receiving the proper permitting from the City of Bellevue this month, the European Tower project has been put on hold. This ultra luxury, 16-story project, which contains one residence per floor, has been delayed until further notice. According to the COO of GIS International Group (developer), Eugene Gershman, […]
