News & Press

REI buys headquarters property in Bellevue. Here’s how much the co-op paid.

10.04.2017

REI closed on their acquisition of 7.8 acres of property in the emerging Spring District neighborhood of Bellevue on October 2nd.  Heartland was pleased to represent REI in this transaction, the implementation of a strategic plan we developed for them after considering a range of alternatives to accommodate their growth needs.

Video tour gives sneak peek inside Bellingham’s Granary Building

08.27.2017

Granary taking shape!  Heartland assisted the Port of Bellingham to select Harcourt as its master developer for the Waterfront project in 2015.  The Granary Building is the first project in the initial 20-acre development phase.  It will be a wonderful addition to the fabric of the City of Bellingham.

Seattle’s most patient developers plan ‘missing middle’ housing

07.27.2017

Heartland has been providing ongoing advisory services to Laird Norton Properties (LNP), the real estate investment company associated with Laird Norton Company, since 2009 and is continuing to provide internal capacity building assistance as well as real estate, capital, and strategic advisory services. Most recently, in 2017, Heartland assisted in identifying, structuring and negotiating an up to $150M programmatic joint venture with Spectrum Development Solutions, a local workforce housing and student housing developer. The team is now poised to develop 1,000 new “workforce apartments” and hundreds of student housing beds.

Seattle’s historic Labor Temple is a symbol of solidarity

07.27.2017

Heartland has been hired by the Seattle Labor Temple Association to explore alternatives to unlock value from additional development capacity on its Belltown property, and balance this with the limitations imposed by the property’s designation as a historical landmark as well as the additional priorities of the Association to preserve meeting hall and office space programming for labor union organizations, and potentially, to utilize additional development capacity to supply labor-oriented affordable housing.

Seabrook: How to build a town from scratch in the middle of nowhere

06.23.2017

Heartland has been an advisor for Seabrook since 2012, assisting the dynamic Washington oceanfront community with advisory services for real estate, financial modeling, and capitalization efforts. Seabrook is now well positioned to expand both around their substantial existing investment along the Washington coast as well as into new, emerging Washington vacation destinations.