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SEATTLE-According to the Cushman & Wakefield report, sellers continued to benefit from the lowest cap rate in 20 years. The average cap rate for 2000 was 7.53%, a drop of 27 basis points since 1999.
BOTHEL, WA-The Seattle-based biotech company will use the new 50,000-sf facility here to test and refine drug-production methods. It is located adjacent to the company's clinical-manufacturing center.
SEATTLE-Metropolitan King County Councilwoman Cynthia Sullivan is offering up a compromise plan that could resolve the controversial size issue of building new churches and schools in rural areas.
SPOKANE, WA-At the Davenport Hotel here tomorrow, interested buyers have pre-scheduled appointments to view model units of the 75,000-sf White Pine Lodge. Once sold, most of the units will be publicly available for rent.
SEATTLE-The senior managing director of the Seattle area says she has no immediate professional plans on the horizon and will continue working in CB Richard Ellis' Bellevue office for the next few weeks to ensure a smooth management transition.
SEATTLE-David Laird, the company's new vice president of asset management, is part of the original investment advisory group that joined Unico in 1996. He has been instrumental in all of Unico's acquisitions.
LYNNWOOD, WA-The medical center is opening a new clinic in a new building being developed near the Alderwood Mall by First Western Development Services of Edmonds, WA. Completion is set for early next year.
SEATTLE-The 760-slip garage would be five stories tall and disguised with plantings. Also in the works for the zoo, which has not been significantly updated since 1976, are a new administrative office building and a for-rent, 13,000-square foot event center.
SEATTLE-Such is the case of the 111-year old Cadillac Hotel. The building owner wants to tear down the building because the quake weakened its walls, while city and neighbors want to preserve the building.
SEATTLE-Hundreds of churchgoers, pastors, neighbors and builders jammed the Metropolitan King County Council's public hearing this week, voicing their opinions on the moratorium for new churches and schools in rural areas.