| WA Office Campus Lands New Owner
Corporate Campus East III, a four-building, 154.8k sf office campus in Bellevue, WA, was purchased for $55.25 mil ($357/sf) by a joint venture with Steelwave and Ares Management.
Situated on 11.74 acres at 3001, 3005, 3009 a...
| Kidder Mathews Awarded 2.9 msf Industrial Portfolio Management Assignment
Investment management advisor, BentallGreenOak, has selected Kidder Mathews to manage a 13-building industrial portfolio consisting of a combined 2.9 msf of space in Portland, OR.
The assets are part of the five-building, 2....
| DoubleTree by Hilton Hotel Salem, Oregon Gets New Owner
BHG Hotels purchased the DoubleTree by Hilton Hotel Salem, Oregon, an 80-room, full-service, Hilton-branded hotel in Salem, OR. The asset was sold by an institutional seller.
DoubleTree by Hilton Hotel Salem, Oregon features...
| Cottage Grove, OR Retail Asset Trades at $385/sf
A 14.8k sf retail property located in central Oregon’s Cottage Grove community traded hands for $5.7 mil, or $385/sf. The property is located at 1704 E Main St, just west of I-5.
Walgreens currently occupies the property wit...
| ScanlanKemperBard Buys Leftbank in Portland
ScanlanKemperBard (SKB) bought Leftbank, a 60.2k sf, adaptive reuse, creative office project at 240 N. Broadway in Portland’s Lloyd District. The purchase was financed with a $13.3 mil acquisition loan.
The Leftbank property...
| Seattle Office High-Rise Acquired by Vanbarton Group in $305 Mil Deal
Vanbarton Group has purchased 901 Fifth Office Tower, a 41-story, 541.2k sf high-rise in downtown Seattle’s central business district, for $305 mil, or $564/sf. The Class A building is located at the corner of Fifth Ave and M...
| Hines Starts Work on 374k sf WA Office High-Rise
Hines has begun construction on Summit 3, a 374.2k sf, 17-story Class A office building in Bellevue, WA. Located at the corner of 108th Avenue NE and NE 4th Street, Summit 3 will be constructed on top of an existing seven-sto...
| BPM Real Estate Group Set to Break Ground on 35-Story Mixed-Use Tower in Downtown Portland
An affiliate of Mosaic Real Estate Investors has provided BPM Real Estate Group with $460 mil in senior construction financing for a 1 msf, mixed-use development slated to break ground this summer in Portland. The 35-story B...
| EverWest Real Estate Investors and Frontal Trust Buy Mixed-Use Asset in Seattle’s Pioneer Square
EverWest Real Estate Investors, in partnership with Chilean-based fund manager Frontal Trust, has acquired Olympic Block, a technology-oriented, mixed-use office and retail building located in the heart of downtown Seattle’s ...
| Venture Between firms in China and Las Vegas Acquires Multifamily Development Site in Seattle
A 16.7k sf multifamily development site in downtown Bellevue, WA sold for $11.26 mil in an off-market deal. The site, located at 10050 NE 10th St, was acquired by Binjiang Limited Partnership (“Binjiang”) and its partner, Mol...
| Concord Pacific Spends $60 Mil on 40k sf Development Site in Downtown Seattle
Concord Pacific has purchased a 38.9k sf, half-block in downtown Seattle, adjacent to Amazon’s headquarters, for a mixed-use multifamily development. Concord Pacific, the largest master-planned urban community builder in Cana...
| Seattle Mixed-Use Project Receives $31 Mil in Construction Money
Vibrant Cities has obtained $31.3 mil in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood. The borrower acquired the development s...
| JRK Property Holdings Buys 240-Unit Res Property in the Seattle Area
JRK Property Holdings purchased Santa Fe Ridge Apartments, a 240-unit, garden-style multifamily property in Silverdale, WA, about 24 miles northwest of Seattle. The property, acquired in an off-market deal, boosts JRK’s portf...
| WA Retail Center Refinanced with $65 Mil Loan
Newmark Realty Capital arranged $65 mil in refi money for the Downtown Woodinville Shopping Center. The property is located in Woodinville, WA, approximately 20 miles northeast of the Seattle CBD.
The multi-tenant retail ce...
| Capstone Partners Lands $154 Mil in Financing for WA TOD Development
Capstone Partners, LLC has secured joint venture equity and construction financing totaling $154.7 mil for the development of One Esterra Park, a transit-oriented, Class A office development located adjacent to Microsoft’s wo...
| PCCP LLC Closes $96 Mil Portland Office Buy
PCCP LLC has acquired Park Square, a two-building, 296k sf office property located on the south end of the Portland Central Business District. The property traded for $96.5 mil, or $326/sf.
Park Square consists of two buil...
| HUB Building Project in Downtown Spokane Lands $10 Mil in Financing
A joint venture between Avista and McKinstry has obtained $10.6 mil in fixed-rate financing for the construction of the 40k sf HUB building in Spokane, WA. The property is located across the tracks from the University Distric...
| TOD Development Site in Seattle Fetches $17.3 Mil
A 24.2k sf, transit-oriented development site in Seattle’s University District, has sold for $17.26 mil. The buyer is a developer of multifamily properties that plans to develop a mixed-use, high-rise building that will inclu...
| New Residential Community in Lakewood, WA Opens to the Public
Wellstone at Bridgeport, a new 208-unit residential development in Lakewood, WA, is finished and has officially opened to the public. The 208k sf, four-story project, a development of Legacy Partners and Momentum Partners, is...
| Pathfinder Partners Picks Up 132-Unit OR Multifamily Community for $29 Mil
Pathfinder Partners has acquired Creekside Village Apartments, a 132-unit multifamily community in Vancouver, WA, for $29 mil ($219.7k/unit). The asset, located at 3100 Falk Rd, was acquired from an affiliate of the ConAm Gro...