News & Press

Transit Hubs: A Growing Lure for Developers

05.23.2017

Investment in transit infrastructure has led to the rise of transit-oriented development. Across the country, cities are seeing greater levels of development near new rail systems or station openings – development that is becoming increasingly attractive to companies seeking new office space and their millennial employees who prefer alternative transit options. Recognizing this trend, Heartland has helped prominent companies like REI and Weyerhaeuser move their headquarters to transit-oriented development sites, increasing their visibility and ability to secure next generation talent.

Employment Opportunity: Heartland Is Hiring

05.15.2017

Heartland is currently seeking candidates for a Graduate Intern to support market, demographic, economic, and financial data collection and analysis for a wide range of real estate product types, geographies, and client types.

The Graduate Intern will work on a range of internal research projects and will assist the Project Management team on client-related work.

Heartland

McLendon Hardware begins sell-off with 4 stores for $30M

04.13.2017

In 2015, Heartland was engaged by McLendon Hardware, a third-generation family-owned Seattle area hardware store chain, to assist them in a strategic alternatives analysis to maximize the value of their operating business and real estate as well as plan for succession. In 2017, Heartland’s work culminated in the sale of the hardware operating company to CNRG, a Memphis-based national hardware store, home center and lumberyard operator, and the disposition of the five-asset owned real estate portfolio to Suntrust with a leaseback to CNRG. As a result, the long treasured brand and company will continue to operate and a successful outcome for the shareholders was achieved.

McLendon Hardware begins sell-off with 4 stores for $30M  —Daily Journal of Commerce

McLendon Hardware, for decades a regional fixture, is sold to Memphis firm —Seattle Times

 

Heartland continues to grow with the addition of new team members

04.06.2017

Welcome Lee Striar, Craig Johnson, and Amy Hartman. Heartland is excited to have you on the team.

Seattle Opera Sells Real Estate Asset in Support of a New Permanent Home on the former Mercer Arena Site at the Seattle Center

04.06.2017

In 2014, Heartland was engaged by the Seattle Opera to assist with the consolidation of their multi-location operations into a permanent home that would act as a catalyst for several public-private partnerships at the Seattle Center, ultimately driving value and vibrancy to the heart of the arts and entertainment corridor of the City. Most recently, Heartland assisted the Opera in monetizing one of its key assets in the Uptown neighborhood in support of the completion of the $60M, 105,000 square-foot Seattle Opera At The Center permanent home, which began construction in January 2017.