| BKM Capital Partners Closes $425 Mil Industrial Portfolio Buy
BKM Capital Partners has acquired a portfolio containing 11 industrial properties located in Phoenix, Northern California, Southern California, and Portland, OR. The portfolio, totaling 2.67 msf of space, sold for $425.4 mil ...
| Historic Office Property in Portland Lands $27 Mil in Financing
Urban Renaissance Group has secured $27 mil in bridge financing for the J.K. Gill Building, a 96.1k sf, historic office building in Portland. Originally built in 1923, the J.K. Gill Building is a true landmark asset featuring...
| Private Investor Completes Exchange that Consisted of Four SoCal Transactions Totaling $27 Mil
ALCO Investment Company bought Redmond Heights Center, a 126.5k sf industrial/office flex property in the Seattle submarket of Redmond, WA. The property, located in the rapidly growing Eastside Washington market, approximatel...
| Providence St. Joseph Health Collects $59 Mil from Initial Phase of Portfolio Sale
Providence St. Joseph Health (PSJH) has sold the first phase of a more than 344k sf, 10-property portfolio for roughly $59 mil. The 10 properties are located in the states of California, Washington, Oregon and Montana and ran...
| Johnstone Supply Inc Spends Over $16 Mil to Acquire Its HQ Facility in Portland
Johnstone Supply Inc acquired its 126.3k sf global headquarters facility in Portland in a recent transaction valued at $16.2 mil ($128/sf). The distribution warehouse building is located 11632 NE Ainsworth Circle.
| Exchange Investor is At Home with $10 Mil Spokane Retail Buy
An 86.5k sf, single-tenant net-lease property occupied by a newly opened At Home in Spokane, WA sold for $10.24 mil ($118/sf). The property, situated on 7.99 acres at 7619 N. Division St, was purchased by a private investment...
| LPC West and Cerberus Capital Management Buy 400k sf WA Office Campus
LPC West, the West Coast arm of Lincoln Property Company, has partnered with an affiliate of Cerberus Capital Management L.P. in the acquisition of Triton Towers, a 400k sf office campus in Renton, WA. The price was not given...
| Invesco Real Estate Buys 674k sf of Industrial Property in Portland
The three-building, 674k sf Oregon Transfer Portfolio in Portland was acquired by Dallas-based Invesco Real Estate in a deal that closed mid-December 2019. The portfolio offers excellent dock loading, rail loading and 24’-40’...
| 169k sf WA Industrial / Manufacturing Facility Traded in $17 Mil Deal
Pinnacle Peak CO LLC, based out of Bellingham, WA, paid $17 mil in cash for a 168.9k sf industrial manufacturing building in Phoenix. The property is located on 13.55 acres at 2140 West Pinnacle Peak Rd.
The property was so...
| Bend Bulletin Building Bought for $13.15 Mil
The Bend Bulletin building in Bend, OR was purchased by Chandler Center LLC for $13.15 mil. The property, which was marketed as part of Western Communications’ bankruptcy proceedings, contains 86.4k sf ($152/sf) of office and...
| Vestar Pays $95 Mil for 297k sf Retail Portfolio
Vestar has purchased a six-property, 297.6k sf retail portfolio in Lynnwood, WA for $95 mil in an off-market transaction from the original developer.
Developed between 1997 and 2002, the six properties (Alderwood Parkway Pl...
| Invesco Real Estate Buys 750k sf Class A Office Asset in Washington
Invesco Real Estate, on behalf of a separate account client, has acquired The Bravern Office Commons in Bellevue, WA. The 749.7k sf, Class A asset consists of two office buildings that are both leased in their entirety to Mic...
| MJW Investments Buys 71-Unit Multifamily Property in Washington
Santa Monica-based MJW Investments has acquired View Ridge Apartments – a 71-unit multifamily community in Burien, WA – in an off-market transaction. The property is located at 12311 Ambaum Blvd SW.
The property – which has ...
| Kennedy Wilson’s Fund VI Spends $171 Mil on Two Year-End Acquisitions
Kennedy Wilson Fund VI (“Fund VI”), a commingled fund managed by Kennedy Wilson, has closed on two major acquisitions in deals totaling $171 mil. The purchases are for assets in Colorado and Washington.
In the larger buy, Fu...
| PTLA Real Estate Group Buys Portland Mixed-Use Asset
PTLA Real Estate Group, out of Walnut Creek, purchased ArtHouse, a mixed-use property located at 33 NW Park Ave in Portland. The price was not disclosed.
Built in 2013, the property offers 3k sf of ground floor retail for up...
| Tristar Capital LLC and RFR Holding Buy 318k sf Creative Office Building in Seattle
Amazon at Apollo, a 12-story, state-of-the-art creative office building in Seattle totaling 317.8k sf of space, was acquired by a joint venture between Tristar Capital LLC and RFR Holding. The price was not disclosed.
| Seattle Multifamily Property Sells for $467k/Unit
East Highland Apartments, a 12-unit multifamily property located in the vibrant north end of Capitol Hill in Seattle, sold for $5.6 mil. The deal worked out to $467k per unit and $617 per net rentable square foot.
| MG Properties Group Spends $305 Mil on Res Communities in OR and WA
MG Properties Group has purchased two multifamily communities in deals totaling $305 mil. The acquisitions consist of the 566-unit Pallas Apartments in Beaverton, OR and the 383-unit Tivalli Apartments in Lynnwood, WA. With t...
| Kennedy Wilson Boosts Multifamily Portfolio by over 1,000 Units
Kennedy Wilson acquired five multifamily properties totaling 1008 units in an off-market transaction with a total price of $342 mil ($339k/unit). The assets were acquired by various investment vehicles managed by Kennedy Wils...
| Kilroy Realty Spends $133 Mil on Two Blocks in Downtown Seattle
Kilroy Realty paid $133 mil for a 59.4k sf land assemblage of two of the most sought after blocks in the heart of downtown Seattle for future development. The site currently includes surface parking; a seven-story parking gar...