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Bellevue Amazon-Leased Tower Nears $340M Sale

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What Are the West Main Tower 1 Sale Terms? West Main Tower 1 is being marketed as a fee-simple sale. The fully leased, 364,868-square-foot building is reportedly under contract for about $340 million, or $931.84 per square foot. Sale structure Newmark is the exclusive advisor and marketing representative for the property. The tower was listed in February 2026 without a publicly disclosed asking price. The reported transaction value reflects later deal activity, rather than an announced initial price. It is substantially above the $140.9 million assessed value cited in early coverage. The building is leased to Amazon on a long-term, net-lease basis, providing the buyer with an existing tenant and contracted occupancy. Tower 1 is fully leased to Amazon. Closing timeline October 2026 reporting described the sale as pending, with closing expected in the fourth quarter. Final details were still being worked through, and early reports had not publicly confirmed a finalized buyer. Completion ...
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Scottsdale Kierland Offices Eyed for Housing Conversion

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What Is Planned for Kierland Sky? Kierland Sky is planned as a mixed-use redevelopment of the 7.8-acre office property at 14635 N. Kierland Boulevard, at the southeast corner of Kierland Boulevard and Marilyn Road in north Phoenix. What Is Planned for Kierland Sky? The site redevelopment plan replaces low-rise office areas and parking lots with multifamily housing, open green space, and amenity areas. The project reflects a broader pattern of luxury development in Scottsdale. The approved planning framework describes a neighborhood of up to 420 homes in a park-like setting, organized for completion in two phases. The plan calls for 420 residential units across three multifamily buildings. Its mixed-use design reflects an evolution in the site’s planning history. The amended zoning allows commercial and multifamily residential uses, while the current concept centers on a denser residential community rather than a conventional office park. The site plan shows access from Kierland Boule...
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Covington Housing Project Lands Final Parcel

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Covington’s Pleasant Street Project Secures Its Final Parcel After securing the final vacant parcel, Covington’s Pleasant Street project advanced on Sept. 22, 2026, when the city approved development of five additional affordable homes on the southern side of the 300 block. The approval covers 316-318, 326, 328 and 338 Pleasant Street, where the city’s nonprofit housing subsidiary, Neighborhood Investment Partners, will lead development. The homes are part of a three-phase effort intended to create 15 residences and expand homeownership opportunities in the Eastside neighborhood. The southern-side phase includes two three-bedroom detached homes, one two-bedroom detached home and a duplex with three bedrooms in each unit. The parcel acquisition marks a step in the city’s vacant land reclamation effort, directing underused residential lots toward housing. The homes will be designed to meet current building codes . Planning was expected to begin in fall 2026, with construction anticipated...
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Sarasota County Eyes 2 Land Buys to Fight Flood Risk

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Why Sarasota County Is Pursuing Two Flood-Control Land Buys Sarasota County commissioners voted Oct. 6 to pursue two land purchases for stormwater retention and flood control: a 51-acre parcel near the Celery Fields and the former Gulf Gate Golf Course. Both properties could provide space to store water and slow runoff during heavy rain, reducing peak flows that can worsen flooding. The proposed purchases reflect a strategy that uses land as a flood-control asset alongside drainage upgrades and other engineered measures. Floodplain preservation can keep areas available to hold water before they are converted to more intensive uses. This approach gives the county greater control over where stormwater can spread and collect. The Gulf Gate site could help address neighborhood flooding, while the Celery Fields-area parcel offers potential retention capacity near existing drainage infrastructure. County officials have also sought nonprofit and foundation support to help cover purchase costs...
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Ambler Toll Brothers Buys 48 Acres for 34 Luxury Homes

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Toll Brothers’ $11.73 Million Limekiln Pike Purchase Toll Brothers paid $11.73 million for 1336 Limekiln Pike, a roughly 47.92-acre property in Ambler, according to Montgomery County property records. The Fort Washington luxury homebuilder acquired the parcel in August 2026. One report lists August 12 as the purchase date. The purchase timeline places the closing more than a year after Horsham Township approved a residential project for the site in August 2025. The approval allowed 34 single-family homes, indicating the property was entitled before Toll Brothers completed the acquisition. Plans also include restoring the existing 2,700-square-foot residence dating to 1850, preserving a historic home alongside the new construction. The seller was a trust associated with the Worth family. That seller background provides context for the transaction, while county records establish the reported sale price and parcel details. The planned homes align with Toll Brothers’ focus on luxury home ...
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Charlotte 105-Year-Old South End Building Eyes Hotel Flip

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What’s Planned for the South End Warehouse? A nearly 100-year-old brick warehouse at Camden Road and South Tryon Street is slated to become a hotel. The plan preserves the existing structure rather than replacing it with new construction. Built between 1922 and 1928, the warehouse originally served as a regional distribution center for Hajoca Corp. Its corner location is in one of South End’s busiest redevelopment corridors, where commercial and residential investment has accelerated. Designed by Louis H. Asbury Sr., the building is a rare surviving example of his commercial work, according to the Charlotte-Mecklenburg Historic Landmarks Commission. The hotel’s room count and renovation timeline have not been provided. Those details will clarify the project’s planned scale and schedule once disclosed. For now, the stated plan is to give the warehouse a new use while incorporating its long-standing brick structure into South End’s changing mix of uses. The project’s progress will depen...
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San Jose Tech Campus Defaults on Loan, CRE Alarm

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What Defaulted at 190, 210, and 230 West Tasman? The default covered three North San Jose office buildings at 190, 210, and 230 West Tasman Drive, totaling 287,371 square feet under a single financing package. Together, the properties formed a three-building campus in a tech-focused office area near the Tasman corridor. Tenant occupancy varied across the buildings. Archer Aviation occupied space at 190 and 210 West Tasman, while Itron Networked Solutions had previously occupied space at 210 and 230 West Tasman before leaving North San Jose. The portfolio therefore included buildings with active and former technology-related tenants, rather than a single vacant property. All three addresses were identified in reporting on the default. Their inclusion in one financing package linked the campus as a property group, even as each building had its own tenant history and occupancy profile. The borrower group defaulted on an 80 million dollar loan that matured in August. High office vacancy ...
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