All Posts

“As the pandemic recedes and the moratoriums end, people may be surprised (shocked) at the “rent increases” that many areas around Seattle have experienced in the past couple of months. Several main issues exists here – one, that in many areas (especially in Seattle) rents were Decreased in many neighborhoods due to the pandemic shutdowns and violence and renter exodus…

“American Property Development announces their new apartment development “Kinect” in Burien, adding another 230 brand new units to this growing community. These new units are part of the total 874 units planned to be built in Burien through 2022. This project also adds an additional 8,600 sf of new retail to the area and will property qualify for Burien’s tax…

“Another serious investment in Bellevue, WA. Hines jumps in to buy into the 425 unit Main Street Flats on Main Street, a month after announcing its 1.6 million SF mixed-use project Main Street Place a block away. The Eastside office market is expanding exponentially led by Amazon, and alongside Facebook, Google and Microsoft expansion plans over the next few years.…

“Amazon once again makes a big commitment to Bellevue, WA. Their profile continues to shrink in Seattle, and grow in Bellevue. Good news for all the new apartment and condo units going up and planned for Bellevue…‼” The Artise is the 13th Bellevue office tower Amazon will occupy. The company on Tuesday said it has leased the 25-story building that’s…

“The impact of the pandemic continues to haunt Seattle. Huge effects on downtown businesses, both large and small. Demand for apartments has fallen dramatically, as rent rates have fallen as well. Work from home, no commute, closed restaurants/bars, higher crime, all make for less desirable living environment for high-end downtown renters…” It’s going to take some time for the economy…

“This project has been long in the making, and is another project in the long list coming to downtown Bellevue. This and other projects will very much change the face of downtown Bellevue…!” Hines has applied to develop a large mixed-use project called Main Street Place on almost a full block at the southern edge of downtown Bellevue, according to…

“This article describes the Concessions and Rent Discounts being offered in MF properties in San Francisco, but these very similar to all that is being offered by Landlords in Seattle as well. Our Urban market has been hit hard….very few prospects coming in to rent, and concessions abound at all urban properties…!”   Some of San Francisco’s largest apartment owners are resorting…