| Pinnacle International Spends $145 Mil for Bellevue Central Business District Gateway Development Site
Canada-based Pinnacle International paid $145 mil for the Bellevue Central Business District Gateway Development Site, an 11.13-acre land parcel for development of a trophy, mixed-use project in Bellevue, WA. The site is a cr...
| Local Investment Entity Buys 75-Unit Portland Apartment Complex
The Wilmore, a five-story apartment building that houses 75 units in Portlandís North Williams neighborhood, was acquired by MSL Vancouver Oregon Investments. Built in 2016, the complex contains 50.7k sf of residential living...
| Harsch Investment Properties Buys 300k sf OR Retail Center
Harsch Investment Properties has purchased Gresham Station Shopping Center, a 297k sf, open-air retail center in Gresham, OR. The property is 86% leased to best-in-class tenants that include Best Buy, Bed, Bath & Beyond, Old ...
| EverWest Real Estate Investors Buys 287k sf WA Industrial Portfolio
EverWest Real Estate Investors, in partnership with a Colorado-based investment fund, has acquired a three-building, 286.5k sf industrial portfolio in Auburn, WA, just south of metro Seattle. The acquisition allowed the curre...
| Investor Partnership Buys 41k sf Seattle-Area Site for Development of Self-Storage Project
Baranof Holdings LLC, in a joint venture with an institutional equity partner, has purchased a fully entitled, ready to build self-storage site in the North Seattle city of Shoreline, WA. The price was not immediately given o...
| Washington Office Complex Trades in $28 Mil Deal
RBT Investments LLC purchased I-90 Corporate Campus, an 89.2k sf, two-building office campus in Bellevue, WA, for $28.025 mil ($314/sf). The property, located at 3350 and 3460 161st Ave SE, was sold by Pine Forest Properties,...
| Seattle Biz Campus Acquired by Venture Led by Lincoln Property Company
Lincoln Property Company, led by Lincolnís LPC West team in Seattle, and Admiral Capital Real Estate Fund II LP have teamed up in the $17.5 mil purchase of South Seattle Business Park in Seattleís SoDo/Georgetown neighborhood...
| Commercial Real Estate Financing Briefs
CAPITAL ONE -- Capital One has provided a $178.3 mil Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property in Menlo Park. Anton Menlo is a four-story complex situated on a 9.69-acre site. On-site amenities...
| Roundhouse Agency Leases Corp HQ Space at Portlandís Custom Blocks
Portland-based Roundhouse Agency inked a 16.2k sf expansion/relocation lease for its corporate headquarters at Custom Blocks, a freshly repurposed creative campus prominently located in Portlandís Central Eastside Industrial ...
| AJ Capital Partners Acquires 274-Room OR Hotel and Has Begun Transformation Project
AJ Capital Partners has secured $71 mil in financing for the acquisition and transformation of the Hilton Eugene to the Graduate Eugene in Eugene, OR, near the University of Oregon.
Originally constructed in 1982, the hotel ...
| Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...
| Lincoln Property Company Pays $568/sf for Seattle Office Building
Lincoln Property Company has purchased 501 Eastlake, a 103.5k sf, five-story office building located in Seattleís vibrant South Lake Union submarket, for $58.75 mil ($568/sf). The property is 79% leased to a high quality and ...
| Portland Industrial Facility Trades in $4 Mil Acquisition
Mason Street Commons, a leased, single-tenant investment warehouse located at 4201 NE 161st Ave in Portland, OR, was purchased for $4 mil by Jerry and Deborah Ivy, a private investor. The seller, Forward Properties LLC, opte...
| Portland Warehouse Property Trades for $102/sf
A 100% leased, single-tenant investment warehouse in Portland was purchased for $8 mil by Adler Realty Investments. The 78k sf warehouse property, located at 5825 NE Skyport Way, was sold by Ederer Properties II.
| Trion Properties Completes Fifth Portland Area Res Buy so Far this Year
Trion Properties has just closed on its fifth acquisition in the Portland area so far this year, with the $10.5 mil purchase of Springbrook Gardens, an 84-unit multifamily property in Aloha, OR. Springbrook Gardens, located ...
| Provenance Hotels Refinances Hotel Theodore in Seattle
Provenance Hotels, out of Portland, OR, has refinanced Hotel Theodore, a 20-story, 153-room, full-service, luxury boutique hotel in downtown Seattle. The firm has obtained new first mortgage money for $50 mil on the property...
| OR Office Property Gets New Owner in $32 Mil Deal
Sunset Corporate Park III, a 103.3k sf, office property in Hillsboro, OR, traded hands in a $32.25 mil ($312/sf) transaction. The asset, located at 21375 NW Bennett St, was purchased by Crown Realty & Development.
| Newmark Arranges Two Seattle Financing Deals Totaling $95 Mil
Commercial mortgage banking firm Newmark recently has arranged two financings totaling $95 mil in Seattle. One of the deals is for an apartment property, while the other is on an office building.
In the larger transaction, N...
| MBK Senior Housing Pays $382 Mil for Portfolio of Senior Housing Properties on the West Coast
MBK Senior Living closed on a major West Coast res buy, paying $382 mil for the West Living Portfolio, a collection of nine top-quality senior housing communities located in CA, WA and AZ. The properties, totaling about 1,200...
| Pathfinder Partners Buys 125-Unit Multifamily Property in the Seattle-Tacoma Area
Pathfinder Partners has purchased Astoria Apartments, a 125-unit multifamily community located in the Seattle-Tacoma metro area, for $18 mil, or $144k/unit. Built in 1982, the community is situated on 5.7 acres at 5700 23rd S...