Press
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Port 106 Interbay lands HomeGoods
The retail center known as Port 106 Interbay, being developed in phases by Ariel Development and Kauri Investments, has a major new tenant. CBRE's Susie Detmer and Stacy Reid are the leasing agents for those owners.
June 6, 2019
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Port 106 Interbay is 55% leased
Port 106 Interbay, a 119,264-square- foot retail center being developed at 1600 W. Armory Way in Seattle is now 55 percent leased, according to Susie Detmer and Stacy Reid of CBRE's Seattle office.
December 13, 2018
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B.C. group pays $12M for Belltown Self Storage
The landmarked, 90-year-old Belltown Self Storage building, at 1915 Third Ave., has sold for $12.25 million, according to King County records.
November 13, 2018
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Port 106 starts Interbay Total Wine & More store
A partnership of Kauri Investments and Ariel Development called Port 106 LLC started construction on a 25,000- square-foot store for Total Wine & More at 1600 Armory Way in Interbay.
September 18, 2015
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At the brewery, ‘R' comes after ‘T'
On Monday crews used a crane to take down the giant green “T” atop the Old Rainier Brewery and will soon install a red “R” in its place.
October 2, 2013
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Apartments & hotel coming to Seattle
By this time next year, construction could be under way on two seven-story projects just east of the Space Needle. The team behind the Aperture on Fifth has hired Rushforth Construction to build the apartment project at the northeast corner of Fifth Avenue North and John Street.
July 17, 2012
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Apartments and a hotel coming to two sites near Seattle Center
By this time next year, construction could be under way on two seven-story projects just east of the Space Needle.
July 17, 2012
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Real Estate Buzz
Crews from Malcolm Drilling Co. recently finished temporary shoring work to prepare the Hyatt Place hotel and apartment project for its foundation, which is now under construction along with lower-level parking garage walls.
January 11, 2012
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GM Nameplate pays $10M for HQ
SEATTLE — Records show GM Nameplate paid $10 million to buy back the Interbay building that houses the company's headquarters.
March 30, 2011
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GM Nameplate
March 04, 2011
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GM Nameplate is buying back building, staying in Seattle
GM Nameplate President Brad Root said his company is buying back the manufacturing and office building in Interbay where it employs nearly 500 people.
March 4, 2011
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5 Developers Tried to Buy Seattle Fed Bank Building
The Federal Reserve Bank last month dropped its appeal of a judge’s ruling that set aside the planned sale of a prime, half-block property in downtown Seattle that, according to new information, five developers tried to buy.
January 03, 2011
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Hotel/Apartments at 6th & Denny
The Annaliese Apartments and Hyatt Place have opened at Sixth Avenue North and Denny Way. Construction started in February of 2008 and the project was several months from completion last year when government regulators shut down the lender, San Diego National Bank, which was acquired by US Bank.
June 08, 2010
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Six-story offices coming to Sodo
SEATTLE — A partnership of American Life, Ariel Development and Kauri Investments and others plan to construct a six-story building with nearly 55,000 square feet of office space at 1000 First Ave. S. adjacent to the Palmer Court Building.
August 22, 2008
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Hyatt Place Hotel
June 02, 2008
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Maxwell Hotel to Start Construction
Columbia West Properties of Bellevue is planning to start work April 1 on a 140-room hotel at 300 Roy St., near Seattle Center.
March 17, 2008
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Hotel/Apartment Project on Denny
Seattle has its share of luxury hotel/condo projects, but now two local developers are building a hotel/apartment project — an unusual pairing that one hotel specialist said he has never seen in this market and rarely elsewhere.
February 06, 2008
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Alaska Building Sold
Kauri Investments and its partner Ariel Development have sold the 140,000-square-foot Alaska Building to 618 Second Avenue LP.
December 07, 2007
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Alaska Building Plan for a 253-Room Marriott
The city approved the sale of the building for $8.5 million to Kauri and Ariel Development in August 2005. Plans for the 1904 building — Seattle’s first steel-frame skyscraper — have variously included offices, condos and a hotel.
June 05, 2007
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Vulcan Sells Sodo Properties
A partnership of American Life, Ariel Development and Kauri Investments and others bought the six-story Palmer Court Building in Sodo and an adjacent 10,000-square-foot lot from Vulcan Inc. for nearly $8.9 million, Kauri President and CEO Kent Angier said.
December 11, 2006
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Kauri, Ariel Buy GM Property in Interbay
A group called Port 106 LLC, which is made up of Seattle-based Kauri Investments and Ariel Development, purchased the GM Nameplate property at 2040 15th Ave. W. for $10.5 million.
September 26, 2006
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Kauri, Ariel Buy NW Center Site
SEATTLE — Kauri Investments and Ariel Development said they bought the former Northwest Center property at 1600 W. Armory Way for $12.5 million as one of the replacement properties in a 1031 exchange involving the recent sale of a Sodo warehouse.
August 25, 2006
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$8.5M in ’05 turns Into a $20M Sale in ’06
Two Seattle companies, Kauri Investments and Ariel Development, have turned an $8.5 million investment in a Sodo warehouse into a $20 million sale in a little over a year.
August 11, 2006
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Monorail Station Site to Get High-Rise Condos
When the Seattle Monorail board bought three properties between Virginia and Stewart streets along Fifth Avenue collectively for $9 million it planned to build a station and right-of-way there.
April 24, 2006
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Alaska Building to be a Hotel/Condo Combo
The developers are scrapping plans for office space in the building in favor of 50 housing units.
April 05, 2006
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Kauri Buys $8.5M Alaska Building
SEATTLE — Kauri Investments Ltd., partnering with Ariel Development, bought the historic Alaska Building from the city for $8.5 million Tuesday.
August 12, 2005
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Committee OKs Arctic
A Seattle City Council committee on Wednesday approved the sale of the Alaska and Arctic buildings for $13.6 million.
April 21, 2005
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Alaska Buildings
A Spokane developer wants to turn the Arctic Building into a 113-room boutique hotel.
October 28, 2004
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Brewery’s New Owners Take an Artful Approach
On a recent tour of the old Rainier Brewery, Shimon Mizrahi paused and wondered aloud how to find his way in the cavernous landmark.
May 21, 2004
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Rainier Brewery to Become Art Space
SEATTLE — The city Department of Planning and Development has received an application for a master use permit to change part of the Rainier Brewery into artist live/work space and a fine arts school.
April 12, 2004
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$5.97M Sale Closes for Rainier Brewery
A group that plans to convert the Rainier Brewery into artist studios, apartments and galleries closed on buying the hulking landmark last week for $5.97 million from Benaroya Co.
July 28, 2003
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Rainier Brewery
June 23, 2003
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Seattle Landmark to become a Hotel
One of downtown Seattle's most-neglected historic buildings could become a boutique hotel. Ariel Development of Seattle has signed a contract to buy the 7-story, 108-year-old Eitel Building at Second Avenue.
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Wave of New Hotels
The historic, mostly empty Eitel Building at Second Avenue and Pike Street could become a boutique hotel.