Posts in Commercial Real Estate
Mayor Jenny Durkan Publishes Mercer Island Mega Block Proposal

Mayor Jenny Durkan announced a major update in the sale of nearly three acres in South Lake Union, dubbed the “Mercer Mega Block,” as it was revealed that Alexandria Real Estate won the bid, committing to a total of $143.5 million for the land and money allocated to provide services to the homeless. According to the Puget Sound Business Journal, Durkan’s proposal “would buy real estate to preserve and build affordable housing, work with employers to foster homeownership and provide financing of backyard cottages, or accessory dwelling units (ADUs).”

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The Commercial Real Estate Industry Continues its Upward Trajectory

Commercial real estate—and its economic trajectory—was the topic of a recent forum at the REALTORS® Legislation Meetings & Trade Expo, and it made one thing clear: growth will continue in the marketplace. As the National Association of REALTORS® (NAR) outlines, a panel led by Dr. Lawrence Yun, chief economist of NAR, discussed “the economic forces shaping commercial real estate markets and how high-tech company expansions, such as Amazon, will have a significant effect on regions across the country.”

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