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The 25 companies ranked on The List collectively occupy 44.3 million square feet of office space in the Puget Sound region, or more than 1,000 acres. The region includes King, Kitsap, Pierce and Snohomish counties.
This is according to Kidder Mathews' second quarter report, which was released Monday. Across the region the office vacancy rate declined from 7.2 percent in Q1 to 6.8 percent. That's the lowest in 10 years. Rents increased 3 percent quarter-over-quarter in Seattle and 1.7 percent on the Eastside.
Giovanni Napoli and Philip Assouad of Kidder Mathews represented the buyer and undisclosed seller in the transaction.
About 3.2 acres in the Rainier Valley sold last Friday for almost $19.9 million, according to King County records. The sellers were four LLCs representing the Centioli family and others. Jason Rosauer and Rob Anderson of Kidder Mathews were their brokers.
Jeff Chancey and Alex Wheatley of Kidder Mathews represented the seller. The deal was worth $414 per square foot, according to KM.
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Phoenician Villa Apartments, located at 1545 West Camelback Road in Phoenix, Arizona, has sold for $5,500,000 to Thomas Pride International and ECOHAUS Real Estate.
Lisa Manolovitz has joined Kidder Mathews' Property Management Services where she will manage office, retail and industrial assets for select clients in the San Diego area.
Commercial real estate veteran team, Michael Dorsey and Stephen Madigan, have joined the Orange County office of Kidder Mathews where they will specialize in office leasing and sales.
Senior property manager, Angela G. Mettler, RPA®, has joined Kidder Mathews' Orange County office and has been named a vice president.
Auther has 42 years of experience in retail commercial brokerage and development. He has represented development groups such as Lewis Retail Centers, The Irvine Company and Vestar Development.
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