Retail Properties of America, Inc. buys Coal Creek Marketplace

August 27, 2015

NEW — 4:48 p.m. Aug. 27, 2015

Retail Properties of America, Inc. is the new owner and operator of Newcastle’s Coal Creek Marketplace.

The company announced today that it acquired the 56,000 square foot property anchored by QFC for approximately $17.6 million.

“Coal Creek Marketplace is a dominant grocery-anchored center that serves an affluent Eastside trade area with significant barriers to entry,” Michael Hazinski, vice president, director of investments, western division said in a statement.

Coal Creek Marketplace is the company’s fifth Seattle-area acquisition in the past 18 months, Hazinski added. The company’s Seattle footprint is now more than 1.2 million square feet. Read more

State Route 520 bridge tolls could divert traffic

January 6, 2012

As the state Department of Transportation plans to start tolls on the state Route 520 bridge, motorists could experience additional traffic on Interstate 90 as commuters avoid the toll.

The state estimates tolls should cause thousands of motorists to use the Interstate 90 bridges or drive around Lake Washington instead.

Meanwhile, the state is encouraging motorists to set up a Good To Go! pass account.

Purchase a pass at www.wsdot.wa.gov/goodtogo or a $5 sticker pass at participating stores, including Safeway and QFC. Find a list of retail locations at www.wsdot.wa.gov/ goodtogo/retail.

The state extended call center hours and hired extra customer service staffers to prepare for the anticipated high volumes of customers registering and activating accounts. Customers can purchase the sticker passes at stores and activate them online.

“Tolling is helping Washington move forward with critical transportation investments and will finance ongoing and future work to replace the vulnerable SR 520 floating bridge and corridor,” state Transportation Secretary Paula Hammond said in a statement.