Report: Systemic Changes to Seattle Multifamily Market Post-Pandemic Will be Few February 19, 2021 (Seattle, WA) 2020 saw Seattle investors and commercial real estate experts put the brakes on activity, as predicting how the market would evolve seemed like an insurmountable task. Movement in the market remained limited while speculation around emerging trends such as the impact of work from home and the popularity of suburban assets continued to swirl. However, a recent report…
LEE & ASSOCIATES WELCOMES THREE EXPERIENCED OFFICE SALES AND LEASING PROFESSIONALS TO THEIR TACOMA OFFICE
February 16, 2021 (Seattle, WA) – Lee & Associates Commercial Real Estate Services, the largest broker-owned commercial real estate firm in North America, is pleased to announce the addition of three seasoned brokers to its growing team. John Bauder, Harrison Laird, and Yeh-Hee Hahn, all formerly of CBRE, Inc., have joined Lee & Associates in its Tacoma office. Laird said of the move: “We are excited to be a part of the growing team at…
After $326M Portland sale, Alco invests $155M in Redmond, Bothell
January 28, 2021 (Seattle, WA) – In two deals that hadn’t yet been recorded by King and Snohomish counties by deadline Thursday, two business parks have sold for $155 million to local firm Alco Investment Co. Its broker, Jim Reed of Lee & Assoc., announced the deals and provided details. Kennedy Wilson was the seller for both properties. The fully-leased eight-building Redmond East sold for $80 million, or about $276 per rentable square foot. It’s…
Case Study – 1712 Dexter Ave N | Triplex
Key Deal Points 1712 Dexter Avenue N, Seattle, WA Sales Price: $1,253,250 Listed to closed in 65 days Multiple offer scenario in a turbulent and uncertain market “Candice and Daniel were great to work with. They listen to your goals and provide a plan that pulls it all together with the attention to detail that results in success. We sold a triplex in Seattle and completed and exchange into an 8-unit apartment on Whidbey…
In new partnership, Seattle commercial brokerage opens Bellevue office
January 5, 2021 (SEATTLE, WA) – Lee & Associates on Monday opened an office in Bellevue under a new partnership with another commercial real estate company, AGM Inc. The move boosts Lee’s roster to more than 35 members in three offices. For Jim Bowles, Lee’s president of Northwest operations, and AGM cofounder Troy Gessel, it’s a reunion. Bowles hired Gessel 33 years ago when he built Northwest operations for Colliers International. Troy and Elizabeth Gessel launched AGM 10 years…
Case Study – The Walsh Building
OVERVIEW Ballard Neighborhood, Seattle, WA Commercial / Retail ± 4,465 SF Total Seller Representation Sale Price: $1,125,000 ($252 PSF) “Amanda & Richard did an excellent job helping us sell our building. They marketed it well, communicated regularly, negotiated effectively and pushed to close on schedule. The transaction was smooth from start to finish despite the onset of COVID during the transaction. We would recommend them to any property owner looking to sell.” – Walsh…
LEE & ASSOCIATES REPRESENTS ELION PARTNERS IN $23.1M ACQUISITION
November 24, 2020 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce the acquisition of the 113,000 square foot Intracorp Building, located on Hardeson Road in Everett, by our client, Elion Partners. The $23.1 million dollar acquisition represents the first in Elion’s planned expansion into the Greater Seattle industrial market, led by James Lambert (Sr. Managing Director of Industrial Investments). The Class A multi-tenant building is fully leased and strategically…
Women in Real Estate 2020: Lee & Associates’ Candice Chevaillier Spearheads Multifamily Growth
SEATTLE, WA— Earlier this year Candice Chevaillier, CCIM, was one of five veteran multifamily brokers who joined Lee & Associates Commercial Real Estate Service to launch a new Northwest Multifamily Team in Seattle. Chevaillier brought 16 years of commercial real estate investment sales experience in the Seattle market to her role as Principal of Lee & Associates Pacific Northwest, Seattle. She is charged with spearheading the growth of the firm’s multifamily practice. A key focus of the…
Case Study – Halladay Apartments
Key Deal Points 2214 W Halladay St, Seattle WA 98199 Luxury 4-unit apartment complex with penthouse No negotiation after mutual acceptance All Cash buyer “I hired Candice Chevaillier to sell my high-end fourplex. She had sold it to me years before and during my ownership I significantly upgraded the property. As an interior designer with a discerning eye, I wanted to ensure that my property was shown in the very best light. Candice welcomed my choosing…
Case Study – Gladstone Apartments
Key Deal Points 12315 28th Ave NE, Seattle, WA 98125 32-unit apartment complex Sold in 38 days from mutual acceptance All Cash buyer “We had a great experience handing over listing responsibilities of our 32-unit Seattle apartment complex to Lee & Associates. This was a family-owned apartment for a generation, and we had no experience selling a commercial building. Our team guided us through the process and took care of most of the legwork involved….