| Food Distributor Buys 12.6-Acre Portland Site for New Build-to-Suit Facility
A local food distributor has purchased a 12.6-acre industrial site from Panattoni Development at Panattoni’s Portland Portal Distribution Center location in Gresham, OR. The buyer plans to construct a 135k sf food distributio...
| Trion Properties Closes Its Third Res Buy in the Beaverton, OR Market
Trion Properties has acquired Hallwood Apartments, a 76-unit apartment community in the Portland, OR submarket of Beaverton, for $12.25 mil ($161k/unit). The acquisition comes on the heels of the firm’s acquisition of Bel Air...
| FedEx Distribution Property in Oregon Trades in $16 Mil Deal
A 91.7k sf, distribution warehouse in the Medford, OR submarket of Central Point has sold for $15.9 mil ($173/sf). The building is fully leased to FedEx Ground, the fastest-growing division of FedEx Corporation and one of the...
| Vista Investment Group Buys Historic U.S. Customs House in Portland
Vista Investment Group has acquired the historic 67k sf U.S. Customs House in Portland, OR for $30 mil, or $448/sf. It was sold by Eastern Real Estate.
Located at 220 NW Eighth Avenue, the H-shaped building encompasses a ful...
| SteelWave and Barings Real Estate Advisers Close $68 Mil Portland Office Buy
A 208.5k sf, Class A office tower in Portland – 400 Sixth Avenue – traded hands in a $68 mil ($326/sf) transaction. The buyer is a joint venture between SteelWave and Barings Real Estate Advisers, acting on behalf of an insti...
| Construction of Portland Res Development Financed with $63.5 Mil Loan
Construction of a seven-story, 162-unit condominium project located off NE Multnomah in Portland, OR has gotten underway thanks to $63.5 mil in financing provided by Canyon Partners Real Estate LLC®. The new project is being ...
| Cumberland Holdings Pays $78k/Unit for WA Res Property
Cumberland Holdings has purchased Hawaiian Village Apartment Homes, a 192-unit community in Kennewick, WA, for $15 mil ($78k/unit). The property is located at 1105 W 10th Ave, east of Hwy 395.
Built in 1980, Hawaiian Village...
| Commercial Condo in Seattle Sells for over $500/sf
A 32.4k sf, four-tenant commercial condo asset in Seattle has sold for $17.75 mil ($548/sf). The property, 500 Mercer, is located in the Lumen Building, a full city block mixed-use project on the corner of 5th Ave and Mercer ...
| Kennedy Wilson Closes $135 Mil Res Buy in Issaquah, WA
Kennedy Wilson (KW) has acquired Atlas, a 343-unit apartment community in Issaquah, WA. The property, located at 1036 7th Ave NW, sold for $135 mil, or $393.6k/unit.
KW invested $52 mil of equity, and secured a 10-year inte...
| OR Industrial Campus Trades in $26.5 Mil Deal
Meriwether Partners has acquired a 329.5k sf, single-tenant industrial campus in Tualatin, OR for $26.5 mil ($80/sf). Located at 19855-19866 SW 124th Ave., the three-building campus is fully leased to Nortek Air Solutions, LL...
| Washington Office Property Trades for Over $35 Mil
A joint venture between Walton Street Capital and Talon Private Capital paid $35.75 mil for I-90 Bellevue Campus in Bellevue, WA. The transaction includes two adjacent office campuses each containing two buildings and totalin...
| International Appetite for U.S. Industrial Real Estate Surges
Strong fundamentals, the growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S., according to the latest research from CBRE.
Foreign investors ha...
| Community Preservation Partners Completes Rehabilitation of Portland Affordable Housing Community
Community Preservation Partners (CPP) has completed the rehabilitation of Plaza Townhomes, a 68-unit affordable housing community in Portland, OR. The 12-month rehabilitation cost more than $50k per unit – an investment about...
| Tristar Capital and RFR Holding Pay $313 Mil for Seattle Office Asset
Tristar Capital and RFR Holding completed a major office buy in Seattle, paying $313 mil for Centre 425, a 16-story, 356.9k sf building ($877/sf). The asset, sold by Schnitzer West, marks Tristar’s and RFR’s fourth acquisitio...
| Washington State Res Property Sells for $20 Mil
Meter Properties has acquired Arterra Townhomes, an 81-unit, garden-style apartment property in Kent, WA for $20 mil ($247k/unit), free and clear of any debt. The seller was a joint venture between PCCP LLC and Westbridge Pro...
| Shilo Inn Suites Oceanfront Hotel Along Oregon Coast Financed with $11 Mil Loan
Mark Hemstreet has obtained an $11 mil loan for Shilo Inn Suites Oceanfront Hotel, a 95.2k sf, 113-room full-service hotel located on the beach in Seaside, OR, approximately 80 miles from Portland. The loan was provided by iB...
| Tacoma Assisted Living Facility Refinanced with $9.3 Mil FHA Loan
Berkeley Point Capital recently completed a $9.3 mil refinance for Spring Ridge Assisted Living & Memory Care, a 63-unit housing complex in Tacoma, WA. The financing was funded through HUD’s FHA 232/223(f) program.
| Lowe Starts Work on WA Res Project
Lowe has begun construction of The Talisman, a 286-unit, multifamily property at the 1.2 msf Redmond Town Center mixed-use development in Redmond, WA. The six-story Talisman will anchor the lifestyle center, blending resident...
| OR Res Community Traded in $18.8 Mil Transaction
In a recent OR multifamily sales comp, Virtu Investments paid $18.75 mil for Barclay Village, a 146-Unit ($128.4k/unit) apartment community in Oregon City. The asset was sold by Barclay Cascade Investors LLC.
Built in 1987, ...
| Multifamily Asset in Seattle’s First Hill Neighborhood Trades for $365k/Unit
Stella Apartments, a 20-unit community in the First Hill neighborhood of Seattle, WA, sold for $6.85 mil, or $342.5k/unit. Stella is ideally located less than one mile from Downtown Seattle and within blocks of the Pike-Pine ...