With rates peaking in Q4 and now coming down over the past couple of months, we caught up with real estate expert, Jason Foss of Real Residential, to learn about the current market for both buyers and sellers. 

A new boutique luxury collection of condominiums, MARI, will be going on sale in spring 2023. The building will offer studios, 1-, 2-. And 3-bedroom living spaces.

Sales recently began for the luxury condominium building, GIS Plaza. It is the only condo community offering completed new construction homes in the area this year. The property is located at 930 109th Avenue Northeast.

It's been more than two years since developer GIS International Group broke ground on GIS Plaza, a new six-story mixed-use project.

With rising interest rates and declining prices, buyers and sellers alike are wondering if they should make a move in this market.

Facebook (Meta) purchased REI’s Bellevue Spring District headquarters for $390 million. The 400,000 square foot campus includes 6-acres of land. REI announced in August 2020 that they were planning to sell their new Bellevue headquarters, and instead, move into multiple satellite locations across the region.

After Totem Lake, a neighborhood that is experiencing a spree of significant growth, the next notable constellation of new commercial and residential development in Kirkland is occurring around NE 85th Street/Central Way.

2021 was a huge year for townhomes, nearly 50% more townhomes completed than any other year.

Bellevue and Seattle ranked in the top 20. They have some of the best real estate markets, considering that a for sale house only stays about 40 days on the market before getting sold, they have low foreclosure rates, and a small share of people delinquent on their mortgage debt 

learn about Downtown Bellevue’s latest trend in the real estate market.

Amazon has paused construction on five office towers in Bellevue, Washington, and will hold off on plans for a sixth.

Buried behind a storm of mammoth projects are yet more potential development proposals in Downtown Bellevue.

For good or ill, these mega-projects will likely define Downtown Bellevue for generations to come.

Patrinely Group and Dune Real Estate Partners recently broke ground on their project, Four106.

There are currently 13 projects under construction, according to the City of Bellevue. We highlighted each new development below.

Commercial Real Estate Agency, Schnitzer West, recently announced that they are planning a new development in Downtown Bellevue. 

Local brewery, Bellevue Brewing Company, applied for a permit from the City of Bellevue in the summer of 2021. 

Work could finally begin on the long-vacant site across the street from Seattle City Hall, where economic downturn and political scandal derailed past development plans.

SRM and local non-profit housing developer, DASH, recently announced a partnership to develop a 4.55-acre Bellevue site near the future light rail stop. 

According to statistics from Redfin, in January 2022, Bellevue median home prices were up 72.5% compared to last year. 

Creating new affordable units in Bellevue at a variety of income levels is extremely challenging. It requires creative, intentional deals like this one.

New renderings have surfaced of the mixed-use project on 106th Avenue Northeast. Bellevue Connection is currently under construction.

For years Seattle has been in a high state of angst about the prospect that our fishing village was morphing into the new Manhattan. It turns out once-sleepy Bellevue was sprinting there first.

According to King County records, the property that Rudy’s Barbershop currently resides on has been sold. The address is 10713 Main Street in Downtown Bellevue.

We interviewed Jason Foss of the NWG | Compass Team to learn of Downtown Bellevue’s most recent trends in the real estate market.

We interviewed Jason Foss of the NWG Team at Compass to learn of Downtown Bellevue’s most recent trends in the real estate market.

Sound Transit Board of Directors recently approved key transaction terms with developers to build almost seven acres of transit-oriented development.

Rental rates for office space have reportedly increased, and the Eastside is predicted to return to pre-pandemic vacancy by early 2022.

Developer Create World Real Estate Inc. will host a groundbreaking ceremony for the 20-story Mari at 10232 NE 10th St. It will have 138 residences &  commercial space.

According to King County records, internationally recognized developer, Bosa Development, purchased a 3.3. acre site in downtown Bellevue. 

Bosa Development, recently announced that they have sold out of their luxury residential tower, One88. 

Design review is under way for a new condo project on the corner of Bellevue Way Northeast and Northeast 2nd Street.

Bellevue real estate has just recorded a record-breaking sale, with a three-bedroom condo in the Avenue Bellevue towers selling for $8.004 million.

We interviewed Jason Foss of the NWG Team at Compass to learn of Downtown Bellevue’s most recent trends in the real estate market.

On the heels of reaching the significant sales milestone of over 50 percent sold at The Emerald comes the news that downtown Seattle’s population has rebounded. 

According to City of Bellevue records, an application for Design Review and Variance approvals have been submitted for Block 13 of the Spring District.

According to King County records, the site that used to be Sushi Maru was recently sold for $14.6 million with Bosa Development as the seller.

Newmark announced that it has arranged the $32.5 million sale of the 34,335 square-foot development site at 305 108th Avenue Northeast.

Vulcan, on July 23rd, the real estate company purchased a 1.4 acre development site at 1600 132nd Ave NE.

The largest proposed high-rise development in Bellevue, Cloudvue, recently received Design Review approval for the first phase of the project.

Spire Condominiums will use an automation parking system to eliminate space-hogging ramps and driving lanes.

Facebook has signed a pre-lease for its planned 330,000 square foot Block 5 project in the Spring District. 

The condominium penthouse on the 43rd floor at Bellevue Towers was recently listed for $17.98 million. The home is 6,397 square feet, and comes fully furnished. 

Schnitzer West LLC recently broke ground on their new office tower, Artise.

Hines, Benenson Capital Partners, and USAA Real Estate Partner recently announced that they were planning a new mixed-use project in Downtown Bellevue. 

A Master Development Plan application was submitted to the City of Bellevue to replace 3 existing office buildings with an  office tower and office building.

Amazon has revealed its proposed design for a second office tower as part of its Bellevue 600 project.

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Construction is officially underway for Amazon's sleek new Bellevue 600 office building as the company expands its footprint on the Eastside. 

The condominium tower is called “ParqHouse” and is located at 305 108th Avenue Northeast.

Amazon is making room for some of the 25,000 employees it plans to add in Bellevue, Wash.

7-Tower Major Mixed-Use Development in Bellevue Submitted for Design Review

The penthouse atop Smith Tower is on the rental market for the first time.

The two are intertwined, yet also separate because of some distinctive Seattle challenges.

Bosa Development's plans for a 21-story tower in Downtown Bellevue have received design approval. The address is 205 105th Avenue Northeast.

Washington REALTORS® (WR) has made the improvement of condominium construction financing a top priority in 2021.

For $6 million, one wealthy home shopper can buy some pandemic peace of mind in the form of a decked-out survival compound on a Whidbey Island bluff.

Google’s footprint in Seattle just keeps on growing.

Brookfield Asset Management has closed on a deal to purchase an 11-floor office building in Bellevue’s Spring District.

For months now, Seattle home shoppers have had to weather an unrelenting seller’s market.

REI Co-op announced that it has completed the sale of its Spring District property, for a purchase price of $390 million.

Amazon outlined a plan Friday to accommodate 25,000 employees in Bellevue by 2025, the same number it’s expected to employ at its second headquarters in Virginia by 2030.

Spokane is now home to Washington’s first-ever office building constructed from a novel alternative to concrete and steel.

Google continues to grow its Seattle-area footprint despite the ongoing pandemic.

GIS Plaza, the mixed-use six-story development in Downtown Bellevue, recently broke ground. 

Bosa Development recently submitted a preapplication, which comes before a submittal of a land use review, to the City of Bellevue.

The city of Bellevue, Wash., is looking more and more like Amazon’s actual second headquarters location.