Seattle’s Office Market Sluggish, Inland Empire Retail Center Acquired for $65M

Simply Commercial Real Estate

Seattle's office real estate market remains sluggish due to the lasting impact of the pandemic. Meanwhile, MCB Real Estate and DRA Advisors acquire Falcon Ridge Town Center in the Inland Empire for $64.7 million. Also, a small commercial building in East Nashville sells for $1.1 million, and Seabolt Real Estate appoints Beth Vantosh as their new Commercial President in Savannah, Georgia.
Sources:
https://washingtonstatestandard.com/2024/09/09/seattles-office-real-estate-market-still-looking-sluggish/
https://www.commercialsearch.com/news/mcb-real-estate-jv-pays-65m-for-inland-empire-retail-center/
https://www.nashvillepost.com/business/development/small-east-side-commercial-building-sells-for-1-1m/article_684cd15a-6ea6-11ef-821d-c7803d8851fc.html
https://www.savannahbusinessjournal.com/news/people_news/beth-vantosh-named-commercial-president-of-seabolt-real-estate/article_004365de-6bb7-11ef-afe5-6352ffb80da6.html
Outline:
(00:00:00) Introduction
(00:00:40) Seattle’s office real estate market still sluggish
(00:02:41) MCB Real Estate JV Pays $65M for Inland Empire Retail Center
(00:05:48) Small east side commercial building sells for $1.1M
(00:08:27) BETH VANTOSH named Commercial President of Seabolt Real Estate