Posts tagged Puget Sound Business Journal
Richard Chandler Boosts Investment in Electric Aerospace Technology

Back in May, I looked at a growing trend in our region: the electric aerospace industry. At the time, local companies such as Magnix and Zunum Aero were raising capital for research in electric aviation and experts estimated that there were roughly 100 global companies developing electrically propelled aircraft. The Puget Sound region could soon see further advances in the industry, as billionaire Richard Chandler is backing Redmond-based Magnix with a sizable investment.

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Biotech is Coming to South Lake Union

The biotech presence in South Lake Union is set to grow, as Puget Sound Business Journal reports that Alexandria Real Estate Equities plans to construct an office and research building—with a $76.5 million price tag—at 1150 Eastlake Avenue East. The project will comprise 12 stories and 303,000 square feet and is one of four projects Alexandria is planning in the region.

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Electric Planes are in the Puget Sound’s Future

Puget Sound Business Journal reports that the electric aerospace industry is growing, as local companies such as Magnix and Zunum Aero are “fighting to raise money and counter critics of emerging electric aviation technology, which could revolutionize short-haul aviation and revive regional air travel.” Experts estimate that there are roughly 100 worldwide companies developing electrically propelled aircraft and though many of the projects are in very early stages, “airline executives are lining up to buy them, lured by the promise of lower operating costs, bigger profits and much lower to zero emissions.”

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Bosa Properties Moves Forward with Apartment Project Despite Overstock of Apartment Supply in Seattle

While an overstock in apartment supply might have signaled that the “apartment boom” in Seattle is over, Puget Sound Business Journal says it isn’t “over just yet.” This proclamation comes amidst an announcement from Bosa Properties that they will move forward with plans for a 41-story apartment tower at 2014 Fairview Avenue, located close to the Amazon headquarters at South Lake Union.

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Onni Group Shares Images of Massive Project Coming to Bellevue Skyline

In February 2019, Onni Group made their first real estate purchase on the Eastside, with the acquisition of a four-acre site in downtown Bellevue—currently home to a church and Barnes & Noble store—for $116 million. On Thursday, March 14th, the company provided the first set of publicly available images for a large-scale mixed-use project it plans for the area, which, according to Puget Sound Business Journal, will comprise “three 600-foot-tall towers totaling 1,289 residences, 896,000 square feet of office space, 317 hotel suites and 2,318 underground parking stalls.”

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Belltown May Have a “Pop-Up Hotel” in its Future

he concept of “pop-up hotels” has been around for some time and is typically associated with the ice hotels that dot Scandinavia, Canada, and other countries each winter. But the notion of these “pop-ups” has been expanding recently, as Puget Sound Business Journal  reports that a new apartment tower in Belltown may soon be home to a temporary hotel.

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The Eastside Continues to Emerge as a Tech Hub

As a recent Puget Sound Business Journal article put it, “The Eastside office market has FANGs.” However fitting, they aren’t referencing the region’s sharp teeth; they are talking about a group of tech titans: Facebook, Amazon, Netflix and Google.

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“The Paine Field Effect” As Alaska Airlines Rolls out Ticket Sales

The much-anticipated airport at Paine Field took a huge step this week as Alaska Airlines began ticket sales for flights that begin February 11th. According to Puget Sound Business Journal, Alaska Airlines has added more flights to their schedule, after Southwest Airlines put an “indefinite hold” on their planned operations in Everett.

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As We Head into Winter, Seattle is Named a Favorable Market to Buy a Home

Just a few months ago it would’ve been hard to believe, but according to Puget Sound Business Journal, a recent Zillow report names the Seattle metro region “the third best large market in the country in which to buy a house this winter.”

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Facebook Investing $7.5 Million in SODO Office Space

Facebook will soon be expanding its foot print in SODO, this according to a recent article published by the Puget Sound Business Journal, which indicates that the social media titan is investing $7.5 million into office space renovations at the Home Plate Center building. After initially indicating that they would lease a full floor at the office tower earlier this year, permits filed with the city of Seattle show that “Oculus” (the virtual reality arm of Facebook) has leased over 62,000 square feet.

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