Feb 08, 2018

Bowlero opens in Lynnwood

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Seattle has seen most of its bowling alleys close, but Lynnwood celebrated the opening of Bowlero last weekend at 1222 164th St. S.W.

The 40-lane facilty has high-definition video walls, free Wi-Fi, lounge seating and a bar with fireplaces.

The alley previously operated as Brunswick Majestic Lanes, which opened in 1990.

The Everett Herald reports that the facilty received a $2.4 million renovation.

There are over 47 Bowlero locations in California, Texas, Florida, New York and other states.

Bowlero was launched in 2014 and is owned by the former Bowlmor AMF, the largest owner and operator of bowling centers in the world, with over 300 locations. That company was formed by the 2013 merger of Bowlmor Lanes and AMF Bowling Worldwide.

Earlier this year, the company adopted the new name Bowlero Corp. It describes the lanes as “whimsical, modern interpretations of traditional bowling alleys, featuring retro-inspired, upscale amenities, inventive food and beverage offerings, and interactive arcades and amusements.”

CBB's Riss named power broker

Riss

Coldwell Banker Bain owner Bill Riss has been added to this year's Swanepoel Power 200, a list of powerful people in residential real estate. Riss said in a statement, “It's always an honor, and one I don't take for granted, to be recognized as one of the many leaders in our industry.” CBB has 30 offices and posts more than $6 billion in annual sales, according to the company.

MainStreet starts The Landing

MainStreet Property Group has broken ground on another project in downtown Bothell: 58 townhouses at The Landing. The company is also building 130 apartments at The Junction, a six-story complex that should be completed this summer. Retail tenants include PinkaBella CupCakes and First Financial Northwest Bank, Prime Steakhouse and Poquitos Mexican Restaurant. The Landing's townhouses will be sold, but prices have not been set. They range from two- to four-bedrooms. The first units are scheduled for completion this summer. Dahlin Group is the architect, and sister company GenCap Construction is the general contractor for the 12 three-story buildings. MainStreet's Kelly Price said the project “shows our diverse capabilities as a developer, which now includes for-sale homes.”

Feb 01, 2018

HFF discloses hand in Vance deal

Photo by William Wright Photography [enlarge]

Joseph Vance Building

As reported earlier this month, the Joseph Vance Building and its small companion, the Sterling Building, sold for $43 million. Brokers were not divulged at the time. Now Holliday Fenoglio Fowler has announced that its team of Dave Otis, Michael Leggett, Gerry Rohm and Logan Greer represented the seller, the Jonathan Rose Cos. HFF also procured the buyer, a joint venture of GreenOak and Brickman. And HFF also arranged $35.5 million in financing for the buyer. Casey Davidson and Peter Smyslowski arranged the debt placement. HFF says the two buildings total 130,786 square feet.

IREM invites you to Tacoma

Wallace

The Institute of Real Estate Management is holding its 2018-2019 commercial real estate forecast in Tacoma this year. The lunch event is set for 11:30 a.m. Tuesday, Feb. 20 at C. I. Shenanigans (3017 Ruston Way). The featured speaker will be Bob Wallace of Wallace Properties, who will be interviewed afterward by Phillip Combs of Stephen C. Grey & Associates. Details and registration: irem27.org.

See the new trends in single-family

Commercial real estate does sometimes include the single-family sector, too. For that reason, some may care to attend the annual Seattle Home Show. The event runs from Saturday, Feb. 17, through Sunday, Feb. 25 at the CenturyLink Field Event Center. On display will be tiny houses and other new industry trends and designs. Live music, a wine tasting area and appraiser Dr. Lori from the History Channel's “The Curse of Oak Island” are also among the attractions. Find more details at SeattleHomeShow.com.