Key Deal Points 2321 NE 55th St 8-Units $2,250,000 All Cash Offer Preserved values in a shifting rate environment Daniel & his team’s patience through the whole process, along with their understanding, clear explanations and guidance was truly appreciated. Their knowledge of the market and presentations gave us a clear picture of what we could expect as well as when and how we should enter the market. All the Q&As were helpful and the…
Q2 2023 Pacific Northwest Market Reports
NEW FROM THE MEDIA CENTER… LEE & ASSOCIATES | PACIFIC NORTHWEST EXPANDS MULTIFAMILY TEAM WITH SARA ENSLOW BAGO, MSRE NAIOP Night of the Stars Award Finalists 2024 Historic 1102 Broadway Achieves Full Occupancy as Tacoma Office Market Strengthens DAEDONG-USA SIGNS LEASE FOR 149,340 SF WAREHOUSE IN TUMWATER
An Examination of the Pacific Northwest Real Estate Climate: First Half of 2023
The commercial real estate sector of Puget Sound has demonstrated noteworthy dynamics across its Industrial, Multifamily, and Capital Markets during the initial half of 2023. Industrial Sector: Confronting Inventory Scarcity Amid Investor Appetite The Industrial market is active with investors and users alike, but inventory is scarce for land and buildings. Interest rate hikes strongly impacted the volume of investment, leaving Sellers wondering how far price adjustments will go before the market stabilizes. Investments…
Case Study – Capitol Hill 11 Units
Key Deal Points 766 Belmont Ave E, Seattle 11-Unit Apartment in North Capitol Hill Sale Price $3.05M Represented 1031 Buyer Facilitated Loan Assumption at 3.5% interest rate The Lee Multifamily team was fantastic to work with. They expertly handled multiple moving parts to successfully close this purchase in a short timeframe. The Lee team efficiently facilitated all aspects of the purchase, including property identification, negotiation with the seller, loan assumption, and inspections. When the…
Two Lee & Associates | Pacific Northwest Brokers Named Among 2023 Circle of Excellence Award Winners
We are thrilled to announce that two exceptional Principals from our team have received our company’s highest national recognition, the Lee & Associates Circle of Excellence award, for their outstanding success in client representation. It is an honor to recognize Jim Reed, SIOR, who, for the second consecutive year, is distinguished for his prestigious achievements in Investment. Equally deserving is Candice Chevaillier, CCIM, whose thought leadership and overall excellence in the Multifamily sector have earned her a…
Tacoma Comedy Club Opens 2nd Location, Plans Relocation for Downtown Location
June 1, 2023 (Tacoma, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered two leases for the Tacoma Comedy Club. The Club will move and expand into new space at 936 Pacific Avenue in downtown Tacoma, plus will open a new, second location along Tacoma’s 6th Avenue. The locally owned entertainment provider opened their current Market Street location in 2010. In their new space at 936 Pacific Avenue, the venue…
Lee & Associates Facilitates $8.2 Million Acquisition of Pacific Business Park, Meeting Niche Demand in Stable Industrial Market
© All EagleView Technology Corporation May 30, 2023 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have represented Pacific West 5, LLC, in their acquisition of the Pacific Business Park. Located at 136 Stewart Road SE in Pacific, WA, the property closed in an $8,200,000 transaction, as part of a 1031 exchange. The 42,000 SF of buildings on the 2.78-acre property is currently leased to 22 tenants and is 100%…
Daniel Lim of Lee & Associates | Pacific Northwest Named Among Connect CRE’s 2023 Next Generation Award Winners
Lee & Associates’ Vice President, Daniel Lim has been named among Connect CRE’s Next Generation Award winners for 2023 in the Seattle & Northwest Region! MEDIA CONTACT Jim Bowles, SIOR Lee & Associates (206) 773-2673 jbowles@lee-associates.com
Two Lee & Associates | Pacific Northwest Brokers Named Among GlobeSt. 2023 Women of Influence Awards
Lee & Associates’ Principal, Candice Chevaillier and Senior Vice President, Adrienne Hunter have been named among GlobeSt. 2023 Women of Influence honorees! MEDIA CONTACT Jim Bowles, SIOR Lee & Associates (206) 773-2673 jbowles@lee-associates.com
Q1 2023 Pacific Northwest Market Reports
NEW FROM THE MEDIA CENTER… LEE & ASSOCIATES | PACIFIC NORTHWEST EXPANDS MULTIFAMILY TEAM WITH SARA ENSLOW BAGO, MSRE NAIOP Night of the Stars Award Finalists 2024 Historic 1102 Broadway Achieves Full Occupancy as Tacoma Office Market Strengthens DAEDONG-USA SIGNS LEASE FOR 149,340 SF WAREHOUSE IN TUMWATER