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• WA Retail Center Refinanced with $65 Mil Loan
6/10/19
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...
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• Capstone Partners Lands $154 Mil in Financing for WA TOD Development
6/07/19
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...
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• PCCP LLC Closes $96 Mil Portland Office Buy
6/05/19
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...
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• HUB Building Project in Downtown Spokane Lands $10 Mil in Financing
6/04/19
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...
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• TOD Development Site in Seattle Fetches $17.3 Mil
5/29/19
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...
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• New Residential Community in Lakewood, WA Opens to the Public
5/29/19
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...
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• Pathfinder Partners Picks Up 132-Unit OR Multifamily Community for $29 Mil
5/24/19
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...
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• Portland Area Medical Office Building Sells in $14.5 Mil Deal
5/24/19
Tigard Medical Plaza, a 21k sf outpatient medical office building and ambulatory surgery center in the Portland-area community of Tigard, sold for $14.5 mil ($690/sf). A private investor in a 1031 exchange purchased the medic...
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• Portland Multifamily Property Traded in $14 Mil Deal
5/20/19
Sienna Lofts, a 75-unit multifamily property in Portland’s Gresham neighborhood, was acquired by San Diego-based Street Properties LLC and Street Properties Inc for $14 mil, or $187k/unit. The asset, located at 22744 SE Stark...
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• Inland Group Lands $34 Mil in Construction Money for WA Senior Housing Development
5/17/19
Inland Group has obtained $34 mil in construction financing for the development of Affinity at Arlington, a senior housing community consisting of 170 market-rate units in Arlington, WA. The financing was arranged by CBRE.
L...
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• Recently Renovated Seattle Hotel Refinanced with $21 Mil Loan
5/15/19
Sonnenblick-Eichner Company has arranged $21 mil of non-recourse first mortgage leasehold financing, on behalf of a partnership between Los Angeles-based Lighthouse Investments LLC and KCB Management, for the 96-room Palihote...
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• WestRock Corporation Leases 75k sf at Hogum Bay Logistics Center in Lacey, WA
5/03/19
WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS...
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• Portland Office Property Trades in $118 Mil Transaction
5/03/19
Field Office, a Class A, two-building, 287.2k sf mixed-use project along River Promenade within Portland’s Pearl District, was acquired by a venture of the Merchant Banking Division of Goldman Sachs, in partnership with Linco...
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• Premier Business Centers Rebrands to Premier Workspaces
4/25/19
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
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• Vista Investment Group Spends $22 Mil on Portland Mixed-Use Asset
4/17/19
Vista Investment Group paid $22 mil for Hollywood Station, a 69.1k sf ($318/sf), mixed-use building in Portland’s Hollywood District. The purchase represents Vista’s fourth investment in Portland, OR over the last 18 months.
...
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• Single-Tenant Retail Asset in Kingston, WA Sells for $6 Mil
4/15/19
A single-tenant, 17.3k sf freestanding property fully occupied by Rite Aid in Kingston, WA sold for $6 mil, or $347/sf. The property, located at 27000 Miller Bay Road NE, features a corporate guaranteed triple-net lease by Ri...
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• Seattle Industrial Market Following a Similar Pattern from a Year Earlier
4/08/19
This report was provided to us by the Seattle office of real estate services firm Kidder Mathews
The Puget Sound region’s industrial market 1st quarter results are starting off in a pattern similar to a year ago. Last year,...
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• Multi-Story Industrial Project in Seattle Slated for Development Later this Year
3/19/19
Track 6, an expansive, Class A, multi-story industrial project in Seattle, is slated to start development later this year. The project is a development of Avenue 55, a Seattle-based private real estate company.
Track 6 is bu...
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• Commercial Real Estate Financing Briefs
3/18/19
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
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• Grocery-Anchored Retail Property in Oregon Sells in $3.24 Mil Deal
3/07/19
A 27k sf, grocery store-anchored retail property in Reedsport, OR traded for $3.24 mil ($120/sf). The fully occupied, newly renovated building sits on 3.11 acres at 1300 U.S.-101. It has two tenants - McKay’s Market and Dolla...
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