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Corfac International - Affiliate
CORFAC International is a Network of Independently Owned Entrepreneurial Firms and Affiliates in
Individual Markets. Established in 1989 as a non-profit association, the organization invites firms to join
the network based on geographic markets and the ability of the firm to respond to the requirements of
clients and colleagues for services. http://www.corfac.com
CORFAC International is a Network of Independently Owned Entrepreneurial Firms and Affiliates in
Individual Markets. Established in 1989 as a non-profit association, the organization invites firms to join
the network based on geographic markets and the ability of the firm to respond to the requirements of
clients and colleagues for services. http://www.corfac.com
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B R I A N B R U I N I N K S, CCIM
Principal
| Industrial, Office & Investment Properties |
Main 206.244.0770 Direct 206.336.5324 Cell 206.856.6249 Email Brian 415 Baker Blvd, Ste 200, Tukwila, WA 98188
THE ANDOVER
COMPANY, INC.
CORFAC INTERNATIONAL
Employment data lift hopes but where are the jobs?
The Seattle Times, 3/5/2010
At last, the unemployment crisis seems to be easing. That's the good news.
The bad news? Job creation remains scant because companies still lack enough confidence in the economy
to ramp up hiring.
The U.S. jobless rate held steady at 9.7 percent in February. And employers cut 36,000 jobs - fewer than
predicted. Those figures signaled that the job market is slowly healing.
Empty office spaces soar in downtown
The Seattle Times, 1/20/2010
Empty office space in downtown Seattle has climbed to levels not seen in decades.
The total vacancy rate hit 21.1 percent during the fourth quarter, according to statistics released Tuesday by
brokerage Cushman & Wakefield. That's "a record vacancy for downtown Seattle," senior director Matt
Christian said.
Report suggests a year of high unemployment ahead
The Seattle Times, 1/8/2010
Brace for a year of stubbornly high unemployment.
Gripped by uncertainty over the economic recovery, employers chopped 85,000 jobs last month, and difficulty
finding work helped chase more than half a million people out of the job market.
Washington state features high on rankings
Pierce County Economic Development Board, 12/1/2009
In calculating its 2010 State Business Tax Climate Index, the non-profit non-partisan research organization
Tax Foundation finds Washington State to be one of the top 10 best states when it comes to business taxes.
Weak jobless claims, future economic activity data
The Seattle Times, 11/19/2009
A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the
recovery likely will remain weak in the coming months.
The Conference Board's index of leading economic indicators rose less in October than analysts had
expected. The index forecasts activity by measuring consumer expectations, building permits and other data.
Construction backlog grows in September
Puget Sound Business Journal, 11/16/2009
The number of construction projects under way nationwide showed a slight uptick in September, according to
data collected by Associated Builders and Contractors.
The organization reported Monday 5hat the nation’s Construction Backlog Indicator, known as the CBI,
reached 5.9 months in September — 3.2 percent higher than in August. The backlog for the Northeast rose to
6.2 months in September, up 7.3 percent from August.
16,000 more jobs cut in state in September
The Seattle Times, 10/13/2009
The grim news for Washington working people continued last month as employers shed 16,000 more jobs,
according to the latest report from the state Employment Security Department.
The state's unemployment rate rose to 9.3 percent, adjusted for seasonal variations, from 9 percent in
August (which was revised down from the 9.2 percent initially reported).
Concern rising as flood season nears in Green River Valley
The Seattle Times, 10/10/2009
Heavy storms haven't hit, but residents and business owners in the Green River Valley, south of Seattle, are
already on flood alert.
Memories of last January's flooding, structural concerns with the leaky Howard Hanson Dam and last
month's news that business owners in the low-lying areas of Kent, Auburn, Tukwila and other communities
would not be able to get adequate levels of flood insurance have many residents worried.
Construction spending up slightly
Puget Sound Business Journal, 10/1/2009
Construction spending rose 0.8 percent in August to a seasonally adjusted rate of $941.9 billion, above the
revised July estimate of $934 billion.
The August figure is 11.6 percent lower than a year ago, according to the U.S. Department of Commerce.
Russell pays $115M for JP Morgan Chase building in Seattle
Puget Sound Business Journal, 9/10/2009
County property records show Northwestern Mutual Life Insurance Co. paid just $115 million for Washington
Mutual’s former headquarters building, a 42-story office tower that cost an estimated $350 million when
completed in 2006.
The sales price amounts to $132 a square foot, well below the estimated $450 a square foot that office
properties in downtown Seattle and Bellevue fetched when Equity Office Properties Trust sold its portfolio to
Boston-based Beacon Capital in early 2008.
Seattle office values sink for first time in 7 years
Puget Sound Business Journal, 8/28/2009
The recession and the credit crunch have driven down the assessed value of office towers in King County for
the first time in seven years.
As of Jan. 1, 2009, the date used for assessment purposes, the combined assessed value for big office
buildings was about $13.6 billion, down 11.8 percent from $15.4 billion in 2008. It’s the first time that office
buildings’ assessed values have declined since 2002.
49 of 50 states lose manufacturing jobs
Puget Sound Business Journal, 8/27/2009
Every state but Alaska lost manufacturing jobs during the past 12 months, according to a Business First
analysis of new federal data.
The state of Washington lost 26,700 manufacturing jobs in the past year.
Typical King County family can again afford median-priced house
The Seattle Times, 8/26/2009
This year, for the first time since 2004, the typical King County family again can afford the typical King County
house, according to one widely circulated measure.
The Washington Center for Real Estate Research's "housing affordability index" for the county for the second
quarter was 102.4. That means a median-income family earned 2.4 percent more than needed to carry the
mortgage payments with conventional financing on a median-priced house, put at $387,500.
Economy in West showing ‘signs of stabilization’
Puget Sound Business Journal, 7/30/2009
The West is holding its own in the recession, according to the Federal Reserve’s latest Beige Book report on
the performance of the economy.
The Fed’s nine-state 12th district, headquartered in San Francisco, showed “continued signs of stabilization
or improvement in some sectors,” the report released Wednesday said.
The Seattle Times, 3/5/2010
At last, the unemployment crisis seems to be easing. That's the good news.
The bad news? Job creation remains scant because companies still lack enough confidence in the economy
to ramp up hiring.
The U.S. jobless rate held steady at 9.7 percent in February. And employers cut 36,000 jobs - fewer than
predicted. Those figures signaled that the job market is slowly healing.
Empty office spaces soar in downtown
The Seattle Times, 1/20/2010
Empty office space in downtown Seattle has climbed to levels not seen in decades.
The total vacancy rate hit 21.1 percent during the fourth quarter, according to statistics released Tuesday by
brokerage Cushman & Wakefield. That's "a record vacancy for downtown Seattle," senior director Matt
Christian said.
Report suggests a year of high unemployment ahead
The Seattle Times, 1/8/2010
Brace for a year of stubbornly high unemployment.
Gripped by uncertainty over the economic recovery, employers chopped 85,000 jobs last month, and difficulty
finding work helped chase more than half a million people out of the job market.
Washington state features high on rankings
Pierce County Economic Development Board, 12/1/2009
In calculating its 2010 State Business Tax Climate Index, the non-profit non-partisan research organization
Tax Foundation finds Washington State to be one of the top 10 best states when it comes to business taxes.
Weak jobless claims, future economic activity data
The Seattle Times, 11/19/2009
A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the
recovery likely will remain weak in the coming months.
The Conference Board's index of leading economic indicators rose less in October than analysts had
expected. The index forecasts activity by measuring consumer expectations, building permits and other data.
Construction backlog grows in September
Puget Sound Business Journal, 11/16/2009
The number of construction projects under way nationwide showed a slight uptick in September, according to
data collected by Associated Builders and Contractors.
The organization reported Monday 5hat the nation’s Construction Backlog Indicator, known as the CBI,
reached 5.9 months in September — 3.2 percent higher than in August. The backlog for the Northeast rose to
6.2 months in September, up 7.3 percent from August.
16,000 more jobs cut in state in September
The Seattle Times, 10/13/2009
The grim news for Washington working people continued last month as employers shed 16,000 more jobs,
according to the latest report from the state Employment Security Department.
The state's unemployment rate rose to 9.3 percent, adjusted for seasonal variations, from 9 percent in
August (which was revised down from the 9.2 percent initially reported).
Concern rising as flood season nears in Green River Valley
The Seattle Times, 10/10/2009
Heavy storms haven't hit, but residents and business owners in the Green River Valley, south of Seattle, are
already on flood alert.
Memories of last January's flooding, structural concerns with the leaky Howard Hanson Dam and last
month's news that business owners in the low-lying areas of Kent, Auburn, Tukwila and other communities
would not be able to get adequate levels of flood insurance have many residents worried.
Construction spending up slightly
Puget Sound Business Journal, 10/1/2009
Construction spending rose 0.8 percent in August to a seasonally adjusted rate of $941.9 billion, above the
revised July estimate of $934 billion.
The August figure is 11.6 percent lower than a year ago, according to the U.S. Department of Commerce.
Russell pays $115M for JP Morgan Chase building in Seattle
Puget Sound Business Journal, 9/10/2009
County property records show Northwestern Mutual Life Insurance Co. paid just $115 million for Washington
Mutual’s former headquarters building, a 42-story office tower that cost an estimated $350 million when
completed in 2006.
The sales price amounts to $132 a square foot, well below the estimated $450 a square foot that office
properties in downtown Seattle and Bellevue fetched when Equity Office Properties Trust sold its portfolio to
Boston-based Beacon Capital in early 2008.
Seattle office values sink for first time in 7 years
Puget Sound Business Journal, 8/28/2009
The recession and the credit crunch have driven down the assessed value of office towers in King County for
the first time in seven years.
As of Jan. 1, 2009, the date used for assessment purposes, the combined assessed value for big office
buildings was about $13.6 billion, down 11.8 percent from $15.4 billion in 2008. It’s the first time that office
buildings’ assessed values have declined since 2002.
49 of 50 states lose manufacturing jobs
Puget Sound Business Journal, 8/27/2009
Every state but Alaska lost manufacturing jobs during the past 12 months, according to a Business First
analysis of new federal data.
The state of Washington lost 26,700 manufacturing jobs in the past year.
Typical King County family can again afford median-priced house
The Seattle Times, 8/26/2009
This year, for the first time since 2004, the typical King County family again can afford the typical King County
house, according to one widely circulated measure.
The Washington Center for Real Estate Research's "housing affordability index" for the county for the second
quarter was 102.4. That means a median-income family earned 2.4 percent more than needed to carry the
mortgage payments with conventional financing on a median-priced house, put at $387,500.
Economy in West showing ‘signs of stabilization’
Puget Sound Business Journal, 7/30/2009
The West is holding its own in the recession, according to the Federal Reserve’s latest Beige Book report on
the performance of the economy.
The Fed’s nine-state 12th district, headquartered in San Francisco, showed “continued signs of stabilization
or improvement in some sectors,” the report released Wednesday said.
| Featured Properties |
Algona II -- Broker Bonus!
58,407 SF for Lease
Distribution Center centrally
located at the crossroads of
Highway 18 and Highway 167.
Heavy power, generous parking
and perimeter security fence.
Space has 5,650 SF of office.
Click here for the Algona II Flyer
58,407 SF for Lease
Distribution Center centrally
located at the crossroads of
Highway 18 and Highway 167.
Heavy power, generous parking
and perimeter security fence.
Space has 5,650 SF of office.
Click here for the Algona II Flyer
Fed Way Center
90,000 SF for Lease
90,000 SF of medical and dental
suites available on three floors.
Suites range from 2,500 SF to an
entire floor of 30,000 SF. Class A
finishes throughout. Adjacent to
St. Francis Hospital Campus in
Federal Way. Available late 2010/
early 2011.
Click here for the Fed Way
Center Flyer
90,000 SF for Lease
90,000 SF of medical and dental
suites available on three floors.
Suites range from 2,500 SF to an
entire floor of 30,000 SF. Class A
finishes throughout. Adjacent to
St. Francis Hospital Campus in
Federal Way. Available late 2010/
early 2011.
Click here for the Fed Way
Center Flyer
Kent West Corporate Park
47,821 SF for Lease
Single-loaded building in the
center of Kent. Excellent freeway
access, 125' of truck
maneuvering.
Click here for the Kent West Flyer
47,821 SF for Lease
Single-loaded building in the
center of Kent. Excellent freeway
access, 125' of truck
maneuvering.
Click here for the Kent West Flyer
