News & Press

Homebuilders buy development sites in Redmond, Bothell and near Maple Valley

08.20.2018

Heartland led a team comprised of ESM (Civil Engineering) and GeoEngineers (Geotechnical Consultants), performing development feasibility analysis and land brokerage services for the Cadman property in Redmond, WA.

Together the team assessed the property’s physical, regulatory and market conditions resulting in the planned disposition of a 12.8-acre residential portion of the site for $22 million to Bellevue-based homebuilder Polygon Northwest.

Amazon Leases New Office Building in South Lake Union

01.12.2018

Amazon.com has leased the entire 159,000 square foot office portion of 9th/Thomas, a new mixed use building in South Lake Union. 9th/Thomas is a legacy project developed by Scott Redman, President of Sellen Construction, on the site where his grandfather, John Sellen, started the company. Heartland assisted the Redman family in the project’s implementation from conception to delivery, and will provide long-term asset management to its ownership group.

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.