| Sack Properties Spends $47.8 Mil on WA Res Property
Sack Properties purchased Chateau Woods, 114-unit apartment community in Woodinville, WA, in a $47.75 mil ($419k/unit) transaction. Chateau Woods was sold by BPM Real Estate.
Built in 2008, Chateau Woods is an “Energy Star ...
| Lands Bend Corp Acquires 382 acres of OR land
Lands Bend Corp acquired approximately 382 acres of land in Bend, OR from The Oregon Department of State Lands, on behalf of the Common School Fund. Referred to as the Stevens Road Tract, the property is unentitled, however, ...
| OR Walgreens Trades for Over $400/sf
A private investor out of Long Beach paid $5.7 mil for a 13.8k sf ($413/sf) Walgreens drugstore in Keizer, OR. The property, located at 5000 River Road North, was sold by an institutional investor based out of Los Angeles, in...
| Seattle Industrial Inventory Increases, as Year-to-Date Gain Reaches 3 msf
This report provided by the West Region of real estate services firm Cushman & Wakefield
THE U.S. ECONOMIC UPDATE
For the Seattle metropolitan statistical area, at the close of the third quarter of 2020, 165,200 jobs had b...
| Duke Realty to Build Spec Warehouse Facility in Washington
Duke Realty is constructing a new 190k sf logistics warehouse on a redeveloped nine-acre site at 1510 Puyallup Street in Sumner, WA. Named Duke Sumner Logistics Center, the property is being developed on a spec basis in the K...
| Hawthorne Hydroponics Leases New 378k sf Industrial Building in Oregon
Hawthorne Hydroponics LLC has signed a long-term lease for a brand new 378k sf, Class A industrial building at the newly developed Blue Lake Corporate Park in Gresham, OR, a suburb of Portland. The company, which is expanding...
| Oregon Office Campus Changes Hands in $130 Mil Transaction
Nimbus Corporate Center, a 16-building, 691k sf flex office park in the suburban Portland community of Beaverton, OR, sold for $130 mil ($188/sf). The property was purchased by a partnership between a fund controlled by DRA A...
| Los Angeles Buyer Spends Over $8 Mil on OR Self-Storage Property
Los Angeles-based Trojan Storage paid $8.3 mil for Hawthorne Mini Storage, a 654-unit self-storage facility in Salem, OR. The facility also offers covered RV and boat parking spaces.
Located at 1241 Hawthorne Avenue NE, the ...
| Historic Seattle Building Trades Hands
An historic, 60.3k sf building situated just steps from Pike Place Market in Seattle was acquired by an affiliate of Martin Smith Inc. The building, known as "Harold Poll”, is located at 110 Union Street, in the city’s centra...
| Seattle Retail Market Slowed by Covid, but Doing Well Relative to the Nation as a Whole
This report was provided by real estate services firm Kidder Mathews
MARKET TRENDS | SEATTLE RETAIL
3rd Quarter 2020
The third quarter is marked by the gradual re-opening of businesses as different areas progress in meeting...
| Trion Properties Pays $12 Mil for New Res Community in the Portland Area
Trion Properties, in a joint venture partner with AMC Investments, has acquired Hood Apartments, a brand-new, 64-unit multifamily community in the Portland area city of Gresham, for $12 mil ($187.5k/unit). The property sits o...
| Lincoln Property Company and Bridge Investment Group Land Construction Money to Build 236-Unit Portland Res Project
Lincoln Property Company and Bridge Investment Group have obtained $88.89 mil in construction financing to build Fremont Apartments, a Class A, multi-housing community in Portland, OR. The project is situated on 1.84 acres at...
| Vesta Property Management Buys 51-Unit Multifamily Property in Federal Way
Providence Landing Apartments, a 51-unit multifamily property located at 31220 28th Ave South in Federal Way, WA, was acquired by Vesta Property Management LLC in a recent $11 mil ($216k/unit) deal. The property was sold by K...
| That Sure is a Purdy Building that Just Sold in Portland’s Rivergate Industrial District
The Purdy Brush Building, 95.5k sf, single-tenant facility in Portland’s Rivergate Industrial District, was sold by Oregon Transfer Company in a recent transaction. The building, located at 13201 North Lombard St, is the head...
| IHP Capital Partners and Intracorp Acquire Seattle Res Development Site
A joint venture between IHP Capital Partners and Intracorp has acquired an unimproved, 1.5-acre site for the development of a new urban infill community. Located between the North Beacon Hill and Mount Baker neighborhoods, th...
| 90-Unit Res Property in Vancouver, WA Purchased for $20.5 Mil
Latitude 45, a 90-unit, newly constructed, garden-style apartment community in Vancouver, WA, has sold for $20.5 mil ($228k/unit). The acquisition was financed with a loan of $11.275 mil.
Latitude 45 is located at 11202 N.E....
| Seattle Seniors Housing Property Refinanced with $13.9 Mil HUD-Insured Loan
The Savoy at Lake City Senior Living, an 80-unit, seniors housing complex in Seattle, was refinanced with a $13.9 mil HUD-insured loan. The property, constructed in 2017, is owned by Lake City Project Associates LLC.
| Greystar and Star America Infrastructure Partners to Develop Off-Campus Student Housing Project in Eugene, OR
Greystar and Star America Infrastructure Partners have acquired a 1.1-acre site in Eugene, OR on which they intend to develop a $100 mil, 357-unit student housing project named “Union on Broadway.” Construction will commence ...
| Strategic Office Partners Spends $15.5 Mil on OR Biz Park
Strategic Office Partners paid $15.5 mil for Beaverton Creek V, a two-building, flex office portfolio in Beaverton, OR, a suburb of Portland. The asset was sold by Gloria Y Gee Living Trust et al.
The park has convenient acc...
| Gelt Inc Makes $30 Mil OR Res Buy
Gelt Inc has acquired Silverwood Apartments, a 164-unit multifamily property in Gresham, OR, for $30 mil ($183k/unit). Built in 1991, the property is located at 4777 SW 11th St, just south of Powell Blvd.
The garden-style co...