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WA Office Building Fetches Over $11 Mil 9/08/09 A local investment entity purchased Renton Commerce Center, a 114.3k sf building fully leased to four tenants, including Valley Medical Center (VMC), for $11.35 mil ($99/sf). The building sits in a prominent location in Rento...
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Newmark Arranges $64 Mil on WA’s Carillon Point 8/27/09 Newmark Realty Capital Inc has arranged $64.7 mil in financing on Carillon Point, a unique mixed-use property in Kirkland, Washington. Located on 26 acres of waterfront land along Lake Washington, the property includes 445k s...
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CNH Parts & Service Takes 246k sf of Distribution Space in Portland 7/28/09 CNH Parts & Service, the product support business of agricultural and construction equipment maker CNH Global N.V., inked a lease for 246k sf of recently completed distribution space at ProLogis Park PDX in Portland. The prop...
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Kimberly-Clark Takes Over 500k sf of Space in WA’s Kent Valley 7/15/09 In what is being reported as the largest new industrial lease in Washington’s Kent Valley in the last 10 years, Kimberly-Clark agreed to a deal for 516k sf of space at AMB Property Company’s East Valley Warehouse, outside of ...
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Newmark Realty Capital Arranges $44 Mil for Seattle-Area Retail Center 7/08/09 Newmark Realty Capital Inc has arranged financing of $43.75 mil for the Downtown Woodinville Shopping Center in Woodinville, a town of about 10,000 people situated about 20 miles northeast of Seattle in the state of Washingto...
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252-Unit Seattle Area Apartment Complex Sells for $26 Mil 7/07/09 A 252-unit apartment complex located in the Pacific Northwest town of Renton, WA traded hands in a recent $26 mil transaction. The property, Lexington Heights, was purchased by Los Angeles-based FSC Realty from BlackRock in a...
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Southern Oregon Sales Sold in a Southern Oregon Sale 7/06/09 Cross Creek Trading Company acquired Southern Oregon Sales (SOS), a 110k sf cold storage and packing facility located on six acres in Medford, OR for $2.3 mil ($21/sf). The 90-year-old plant was originally listed for $2.8 mil...
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New Tenant at WA Industrial Facility is on the Verizon 6/16/09 Verizon inked a five-year lease for 47.9k sf of industrial space in Everett, WA for its Corporate Services Group. The space is part of a larger, 106.9k sf facility located at 2610 W. Casino Rd, a couple of blocks from Paine F...
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JB Matteson/Griffin Capital Closes $32 Mil Puget Sound Apartment Buy 6/12/09 A venture of JB Matteson of California and Griffin Capital closed on a big Puget Sound multifamily acquisition, having paid $32.45 mil for Waterford at the Lakes, a 344-unit asset in the town of Kent, 20 miles southeast of Se...
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Exciting New Mixed-Use Project in Burien, WA Opens to Public 5/26/09 Burien Town Square, a unique, new residential and retail community in the city of Burien, WA, just celebrated its grand opening. The mixed-use community, which features 124 condominium homes, a new city hall, county library, ...
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AvalonBay Closes $33 Mil Puget Sound Multifamily Buy 5/14/09 In one of the largest multi-family sales in the Puget Sound region so far in 2009, Washington D.C.-based AvalonBay Communities purchased the 220-unit Verona apartment complex from Northwestern Mutual. The final sales price w...
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ADP Inks 115k sf Downtown Portland Office Renewal 5/13/09 In a significant Portland, OR office deal, ADP Inc, the big international provider of business outsourcing services, has signed a long-term renewal for its 115.2k sf multi-floor office space at ADP Plaza, located at 2525 SW F...
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CBRE Makes Fortune 500 for 2nd Straight Year 4/23/09 CB Richard Ellis Group Inc has been named to the FORTUNE 500 list of the largest U.S.-based companies for the second straight year and is once again the only commercial real estate services firm to be included in the FORTUNE ...
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NorthMarq Leaves Its Mark on West Coast Financing Deals 2/17/09 February 17, 2009 – NorthMarq Leaves Its Mark on West Coast Financing Deals
Firm’s LA office arranges recent transactions in Irvine, Portland and Santa Fe Springs
NorthMarq Capital continues to be very active in arranging co...
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Investors Close Out 2008 with Pac Northwest Multifamily Buys 2/09/09 For those of you who like to keep up on multifamily investment transactions from the Pacific Northwest part of the country, here are comps on three year-end 2008 deals from Washington and Oregon.
We’ll start in Klamath Falls...
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Seniors Housing Portfolio Trades for $364 Mil 2/02/09 A large real estate portfolio consisting of 3,554 residential units in 45 senior housing communities was acquired by private equity firm for $364 mil ($102.4k/unit). Located in Alabama, Arizona, California, Colorado, North Ca...
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Puget Sound Industrial Market Remains Sound Despite Tough Economy 1/21/09 The Seattle/Puget Sound office of national real estate brokerage firm Colliers International recently distributed a summary of the highlights from its Fourth Quarter 2008 Puget Sound Industrial Forecast Trends. We’ve reprinte...
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Johnson Capital Arranges $16 Mil Refi on Gresham, OR Apartment Complex 12/18/08 In a recent Portland-area apartment financing transaction, Jim Pierson and Keaton Merrell of Johnson Capital arranged $16 mil in long-term, fixed-rate financing for the refi and partner buyout of Heatherwood Apartments, a 264...
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CBRE Team Handling RFP Phase for Seattle USPS Facility 12/16/08 For any of you interested in a unique development opportunity in Seattle, you might want to check out a recent listing that’s being handled by Bryan Hester, Milt Reimers and Art Wahl out of the Seattle office of CB Richard El...
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4,000-Unit Multifamily Portfolio to Get a New Guardian 11/20/08 An apartment portfolio consisting of 4,000 units in Las Vegas, Miami, Phoenix, and Seattle is set to trade hands, as Guardian Management LLC has signed preliminary agreements to acquire the assets from Atherton-Newport Invest...
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