News & Press

Real Estate in Uncertain Times: Q&A with Heartland LLC

10.29.2020

Earlier this month two of Heartland’s partners, Deva Hasson and Matt Anderson, took a moment to talk with Laird Norton Wealth Management (“LNWM”) about the current state of the Commercial Real Estate Industry, offering insight into what’s happening now and what people may be able to expect to see coming in the future.

For more than 35 years, Heartland has advised developers, investors, family offices, corporations and nonprofits on a wide variety of real estate strategies and transactions in the Seattle area and across the US. In 2019, Heartland merged with LNWM’s sister company, Laird Norton Properties, (“LNP”) to create a unique, multi-faceted and fully integrated business and real estate enterprise.

Click here to read an analysis of the major sectors of the industry as well as to get some key questions you can be asking yourself about your real estate investments.

Heartland

Facebook buys REI’s newly completed Spring District HQ campus 

09.14.2020

Congratulations to REI on selling their Spring District HQ to Facebook! Heartland is proud to have represented REI in this transaction. We continue to work with the company to help them locate satellite office space on the Eastside and South Lake Washington. Learn more about the transaction in the articles linked below.

Facebook buys REI’s newly completed Spring District HQ campus –Puget Sound Business Journal
Facebook buys REI’s empty new Spring District HQ for $368M –Daily Journal of Commerce
Facebook will buy REI’s unused Bellevue headquarters complex, signaling offices are still relevant –Seattle Times
Facebook Buys REI’s New Headquarters Campus in Suburban Seattle –CoStar
Facebook Buys REI’s Elaborate New Headquarters as Covid-19 Pandemic Prompts a Sale –Wall Street Journal

Intracorp pays $10M for Rainier Valley site, with 62 townhouses planned

09.03.2020

Heartland is proud to have represented Lighthouse for the Blind in their recent disposition of 1.5 acres in South Seattle to Intracorp, who is planning to build a 62-unit townhome project on the site. The proceeds from this sale will help Lighthouse fulfill its mission to create diverse, sustainable and meaningful employment opportunities for the visually impaired. Learn more about the sale and the planned project in the articles linked below.

Intracorp snaps up nearly a full block in South Seattle for townhome project –Puget Sound Business Journal
Intracorp pays $10M for Rainier Valley site, with 62 townhouses planned –Daily Journal of Commerce

The Lighthouse For The Blind, Inc. is a Seattle based not-for-profit social enterprise providing employment, support, and training opportunities for the visually impaired since 1918.

Reopening: New at Chophouse Row — Light Sleeper ‘terroir bar’ and a new Capitol Hill outdoor dining street closure

08.25.2020

In this challenging environment, landlords and retail tenants are flexing their creative powers. By example, Liz Dunn and her team at Dunn & Hobbes is working hard to activate and energize (in a safe way) a mixed-use assemblage in the heart of Capitol Hill amidst a pandemic, challenging economic times and ongoing protests and social unrest. See the articles below for all of the awesome examples of a proactive building owner rallying in partnership with her community and tenants to bridge these times.

Reopening: New at Chophouse Row — Light Sleeper ‘terroir bar’ and a new Capitol Hill outdoor dining street closure –Capitol Hill Seattle Blog
More Seattle Blocks Join Restaurant-Related Street Closures –Eater Seattle
Chophouse Row today announced the launch of an exciting line up of new pop ups… –Eat Seattle (Facebook Post)

Heartland is the asset manager for both 12th Avenue Marketplace (Chophouse Row) and the Baker Linen Building and in 2014 and 2015, respectively, brought long-term aligned capital to the projects.

REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites

08.13.2020

COVID-19 is affecting the way the whole word does business and thinks about personal and professional space. REI is just one of many large companies that are making moves to adapt to this changing landscape. Learn more about their decision to sell their headquarters campus in the Bellevue Spring District in this article from the Seattle Times linked below.
REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites –Seattle Times

Kai Ryssdal, host of the Marketplace Business News podcast, recently highlighted REI’s announcement to sell its’ HQ building in the Spring District as one of the top stories. Listen to the segment about REI through the link below.
REI wants to sell its new headquarters before it moves in –Marketplace Podcast

Heartland is proud to have REI as a long-standing client, having represented the company in their initial move to the Spring District, the disposition of their original HQ in Kent, WA, and now in the sale of their Spring District building. Heartland is also currently helping REI secure satellite office space on the Eastside and the south end.