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• New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
12/16/22
Parkview Financial has provided a $55 mil loan to Stacy Allison Way Holdings LLC, an entity of West Coast Home Solutions, for the refinance and construction of a two-phased multifamily project totaling 586 units on 19 acres i...
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• Seattle Res Development Lands $110 Mil Refi
12/14/22
Low Tide Properties and Continental Properties LLC have secured $110 mil in refinancing on Met Tower, a 366-unit, luxury multifamily project in downtown Seattle. The development, located at 1942 Westlake Ave, offers residents...
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• Commercial Real Estate Financing Briefs
12/09/22
JLL Capital Markets -- Aldon Cole and Brad Vansant with JLL Capital Markets arranged $20.6 mil in acquisition financing and joint venture equity for 2425 Auto Park Way, an 88.7k sf corporate headquarters and distribution faci...
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• Third Security LLC Developing 42-Acre Industrial Project in Washington
12/08/22
Third Security LLC is readying to start work on Moses Lake Commerce center, a brand new 42-acre industrial development adjacent to Grant County International Airport in Moses Lake, WA. Initial work on the project will be cons...
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• Res Project in Bellevue, WA Breaks Ground
12/01/22
Legacy Partners, in partnership with New York Life Real Estate Investors, has broken ground on Copal, a 288-residence multifamily property in the fast-growing Bel-Red corridor submarket of Bellevue, WA. The mid-rise, transit-...
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• Greystar Set to Start Work on Res Project in Portland’s Slabtown Neighborhood
11/23/22
Greystar is set to break ground later this month on a new housing project in Portland’s Slabtown neighborhood. The centrally located buildings will feature 364 units across two blocks between Northwest 19th and 20th Avenues, ...
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• Washington Multifamily Property Trades in $78 Mil Deal
11/22/22
Lakemont Orchard, a 201-unit apartment community located on Seattle’s Eastside in Issaquah, WA, traded hands in a $78.5 mil ($390.5k/unit) transaction. The buyer’s name was not immediately released. The seller was an affiliat...
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• Five Fast Facts on Seattle’s Industrial Market
11/21/22
5 Fast Facts SEATTLE – INDUSTRIAL
Q3 2022
Provided by Cushman & Wakefield
1 - SEATTLE METRO AREA CLOSE TO FULL RECOVERY
Employment in the greater Seattle area reached nearly 2.1 million in the third quarter, up 89,500 jobs...
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• Grocery-Anchored Retail Center in Medford, OR Listed for Sale
11/17/22
Here’s news of a grocery-anchored retail center that’s been listed for sale in Oregon. The property is Jackson Creek Shopping Center, an 82.6k sf, multi-tenant retail asset anchored by Albertsons in Medford. The asking price ...
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• Propeller Inc Lands at Field Office in Portland
11/04/22
Propeller Inc, an Oregon-based management consulting firm, has signed a new 11.7k sf lease in Portland’s North Pearl District. The company is relocating its Portland office to Field Office, located at 2035 NW Front Ave. Terms...
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• LEED-Certified Office Buildings Command Higher Rents, Even Amid Challenging Conditions
11/02/22
This report provided by CBRE
LEED-certified office buildings command a rent premium over their non-certified peers even as the market endures the reverberations of the COVID-19 pandemic and remote work, according to a new re...
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• Seattle Area Biz Campus Trades in $33 Mil Deal
11/02/22
Lakewood Business Park, a 136.4k sf, multi-tenant industrial park in Lakewood, WA, a submarket of Seattle, was purchased for $32.9 mil by a private 1031 exchange buyer. The multi-tenant industrial park was sold by MCA Realty,...
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• BKM Capital Partners Closes $20 Mil Light Industrial Buy in the Seattle Area
11/01/22
BKM Capital Partners expanded its Puget Sound portfolio with the acquisition of Pacific Industrial Park in Marysville, WA for $20.3 mil. The Seattle-area, 122k sf light industrial park includes four buildings situated on 8.65...
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• Seattle Res Community Trades for $104 Mil
10/25/22
624 Yale, a 206-unit luxury apartment community in Seattle, sold for $104 mil, or $505k/unit. Built in 2018, the property is located adjacent to I-5 in the city’s South Lake Union district.
The nine-story building was desig...
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• SR Watt Company Spends $60 Mil on 188 Res Units in the Portland Area
10/21/22
SR Watt Company acquired two Class A suburban Portland multifamily properties totaling 188 units for $60 mil ($319k/unit). The purchases include the 101-unit Cannery Row, at 22550 SW Highland Dr in Sherwood, and the 87-unit W...
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• C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
10/20/22
C.E. John Company Inc has obtained $61 mil of permanent, long-term financing for Cedar Hills Crossing, a 477k sf retail center in Beaverton, OR. The center is anchored by several grocery and credit tenant operators, including...
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• Work Started on 192k sf Distribution Project in Spokane Valley, WA
10/19/22
Work has gotten underway on Green Acres Distribution Center, a 192k sf spec distribution project in Spokane Valley, WA. The project, situated on 9.8 acres at 17770 East Euclid Ave, is being developed by a joint venture of PCC...
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• Legacy Partners and Lionstone Investments Underway on Second Phase of Redevelopment of Redmond Square Shopping Center
10/18/22
Legacy Partners and Lionstone Investments have begun work on the second phase of the redevelopment of Redmond Square Shopping Center, a mixed-use project in the heart of Downtown Redmond, WA. The development is composed of 62...
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• Washington State Industrial Investment Deal has a Price Tag of Almost $24 Mil
10/17/22
In a notable industrial trade out of the Pacific Northwest, Lacey Logistics, a 141.9k sf, Class A facility in Lacey, WA, sold for $23.8 mil ($168/sf). Lacey Logistics is located at 3130 Hogum Bay Rd NE in Thurston County, les...
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• Oregon Multifamily Property Sold in $124 Mil Transaction
10/12/22
One Jefferson, a 347-unit multifamily community in Lake Oswego, OR, traded hands in a recent $124 mil ($357.3k/unit) transaction. The asset was sold by a Security Properties-related joint venture.
Built in 1986, One Jefferso...
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