King County’s Largest Real Estate Sales

According to a new list of 2015's biggest real estate sales in King County from the Puget Sound Business Journal, the largest real estate sale to take place last year involved Washington's tallest building and a buyer in Hong Kong.

Beacon Capital Partners sold Columbia Center to Gaw Capital Partners in a $711 million deal to become the No. 1 ranked transaction on the Puget Sound Business Journal’s Top Real Estate Deals of King County List.

"The List" compiled by PSBJ is compiled from multiple sources and public records. The value of the Top 25 deals totaled $4.8 billion. The majority of the listmakers involved office space – this made up $2.86 billion in sales. It's pretty clear that investors – foreign and domestic alike – are very excited to see what will come out of King County, the Seattle area, and the Eastside over the next few years. This is great for property values and the workforce in our area.

According to PSBJ, apartment complexes on the list collectively brought their sellers $1.17 billion. 

For more information, make sure you check out the full list from the Puget Sound Business Journal.

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Posted on March 24, 2016 at 4:18 pm
Steve Harwood | Category: Local News

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