SEATTLE-A flat rental market in 2002 has yet to deter developers, according to a recently released survey by RealFacts, the multifamily data specialists. About 5% of the rental housing inventory has been built in the past two years, although the report's statistics suggest that the market has had difficulty in absorbing all the new units.

TACOMA, WA-The $10.3-million financing, which pays off the construction loan, is secured by the 116-unit Aravia. The 10-year loan has a fixed interest rate of 6.65% and a 25-year amortization schedule.

REDMOND, WA-The leading software manufacturer pays $2.44 million for a 2.3-acre parcel near its campus here. The property, and the 26,000-sf facility located on it belonged to a Des Moines, Iowa-based chicken farmer.

SEATTLE-The vacancy rate for the Puget Sound industrial market dropped by one tenth of one percent during the third quarter thanks to just under 700,000 sf of positive absorption, according to a new report by Grubb & Ellis.

SEATTLE-The vacancy rate for the Puget Sound industrial market dropped by one tenth of one percent during the third quarter thanks to just under 700,000 sf of positive absorption, according to a new report by Grubb & Ellis.

SEATTLE-The combination of 888,000 sf of new construction deliveries and minimal leasing activity resulted in 83,000 sf of negative net absorption in the third quarter, according to the latest report from Grubb & Ellis, which predicts "a slow recovery sometime over the next 12 to 24 months.

SEATTLE-The combination of 888,000 sf of new construction deliveries and minimal leasing activity resulted in 83,000 sf of negative net absorption in the third quarter, according to the latest report from Grubb & Ellis, which predicts "a slow recovery sometime over the next 12 to 24 months.

TACOMA, WA-Crews working on the $120.7 million Tacoma Convention and Trade Center complete demolition and site preparation. City officials are set to vote on a proposed $63.2 million construction agreement.