| WA Community Center Trades in $38 Mil Transaction
Triangle Center, a 260.6k sf community center in Longview, WA, was acquired by a private investor for $38.3 mil, or $147/sf. The asset was sold by Highlands REIT, a Chicago-based investment trust.
Built in 2004, Triangle Cen...
| Portland Office Market Benefitting from Strong Economic Fundamentals
Strong economic fundamentals, such as near historical low unemployment rates, continue to drive development of the fast growing Portland office market, according to the latest research from real estate services firm Kidder Ma...
| Seattle Retail Property Trades for $19 Mil as a Development Opportunity
A 53.4k sf building in Seattle’s retail central business district has sold for $19 mil, or $356/sf. The property, located at 1518 Fifth Ave, is currently occupied partially by Banana Republic in addition to a vacant former ho...
| Seattle Multifamily Property Trades in $97 Mil Transaction
A venture between RISE Properties Trust (“RISE”) a Canadian-based real estate trust, and Tokyu Land US Corporation (“Tokyu”), a vertically-integrated real estate development and investment company, has purchased Alaire Apartm...
| Portland Industrial Campus Sells for Over $22 Mil
Airport Way Corporate Park, a 140.7k sf, Class A industrial park in Portland, OR, sold for $22.25 mil ($158/sf). Constructed in 1992-2008, the property features full sprinkler systems, dock high and grade level loading, abund...
| American Realty Advisors and Unico Properties LLC Buy Portland Office Building
A joint venture between American Realty Advisors and Unico Properties LLC has acquired MODA Tower, a 398.4k sf office tower in downtown Portland, OR. The price was not disclosed.
The Class A property, centrally located at 60...
| Brickman Real Estate Spends $35 Mil on Two Historic Office Buildings in Seattle
The Broderick Building and MiKen Building, two historic Seattle office buildings totaling 86.3k sf, have sold for $35.05 mil ($406/sf). The buyer was Brickman Real Estate, a New York-based real estate investor and operator wi...
| Lytle Enterprises Spends $15.7 Mil on WA Commercial Property
Lytle Enterprises has acquired GE Healthcare Building, a 53.6k sf, two-story office and technology production facility in Issaquah, WA, for $15.7 mil ($293/sf). The property, located at 1040 12th Avenue NW, was sold by Redsto...
| 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 Portland’s 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 Lincoln’s 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 Seattle’s 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 Portland’s 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 Portland’s 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 Seattle’s vibrant South Lake Union submarket, for $58.75 mil ($568/sf). The property is 79% leased to a high quality and ...