| Costco-Occupied Property in Washington Acquired for $29 Mil by Rich Uncles
Sammamish Park Place, a 97.2k sf, office and flex building in Issaquah, WA was acquired by Rich Uncles NNN REIT Inc, out of Costa Mesa, for $29 mil ($298/sf). The recently renovated property is 100% leased to Costco.
| Blue Moon Capital Partners and Áegis Living Acquire 253-Unit Portfolio of Seniors Housing Properties
A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California. The properties were acquired from Ae...
| High-Rise Multifamily Development in Portland’s CBD Lands $96 Mil in Construction Money
Alamo Manhattan has obtained $96.5 mil in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in the Portland CBD. The four-year construction loan was arranged by HFF and fund...
| Urban Visions Receives Permit Approval for 1.2 msf Office/Retail Project in Seattle
Urban Visions has received permit approval from the City of Seattle for its S campus, a new development to include five buildings totaling more than 1.2 msf of office and ground-level retail space. Urban Visions expects to st...
| Sterling Organization Buys 50k sf Seattle Shopping Center
Sterling Organization purchased Elliot Plaza, a 50.7k sf shopping center near downtown Seattle, for $11.65 mil, or $230/sf. The asset was purchased in an off-market transaction on behalf of Sterling Organization’s latest valu...
| Equus Capital Partners Buys 200k sf WA Mixed-Use Complex
Equus Capital Partners has purchased Highlands Campus Tech Centre, a 201.8k sf mixed-use development in Bothell, WA. It was sold by Investcorp.
Highlands Campus is located at 21520 30th Drive SE, 21312 30th Drive SE and 2122...
| Net Lease Alliance Lands $16 Mil to Complete Construction of Disrupted Retail Development in Washington
Net Lease Alliance has obtained $16 mil in financing to resume and complete the construction of a 125.1k sf retail center in the suburban Seattle community of Puyallup. The project involves the redevelopment of a former Lowe’...
| Historic Courthouse Property in Portland Sells for $28 Mil
Portland’s historic Central Courthouse property was acquired by locally-based NBP Capital LLC for $28 mil. The century-old building, located at 1021 SW 4th Ave in the city’s downtown, is listed on the National Register of His...
| WA Office Asset Trades in $134 Mil Deal
Clarion Partners purchased Plaza Yarrow Bay, a four-building, 284.3k sf office campus in Kirkland, WA. The multi-tenant asset, located at 10220 NE Points Drive, 10230 NE Points Drive, 10210 NE Points Drive and 3933 Lake Wash...
| Asana Partners Buys 103k sf OR Retail Center
Asana Partners purchased Oswego Village, a 102.8k sf, Whole Foods 365-anchored retail center in the affluent suburban Portland community of Lake Oswego, OR. The asset was acquired free and clear of debt.
In addition to the ...
| Legacy Partners Completes New Res Project in Downtown Redmond, WA
The Triangle, a six-story, 195-unit apartment community in downtown Redmond, WA, has officially opened to the public. The residential project, a development of Legacy Parters, is located at 16450 Redmond Way.
Situated on a t...
| Decron Properties Enters Pacific Northwest Multifamily Market with 558-Unit Acquisition
In one of the largest multifamily transactions in Seattle this year, Decron Properties has acquired Avana 522, a 558-unit multifamily property in Bothell, WA, for $173 mil ($310k/unit). The transaction marks the Los Angeles-...
| Commercial Real Estate Financing Briefs
HFF - Greg Brown and AJ Manas with HFF arranged $26.65 mil in refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles. The portfolio is loc...
| PCCP LLC and SteelWave Pickup Seattle-Area Biz Campus
A joint venture between PCCP LLC and SteelWave has acquired Canyon Park Business Center, a 17-building, 632.6k sf property in Bothell, a city situated on Seattle’s Eastside. The property is 99% occupied and consists of 13 Cla...
| Security Properties Pays $84 Mil for OR Res Community
Arbor Creek, a 440-unit, garden-style apartment community in Beaverton, OR, sold for $84.3 mil, or $191.6k/unit. The property, situated on 22 acres at 3280 SW 170th Ave, was acquired by Security Properties.
Arbor Creek is a...
| Sterling Realty Organization Buys 100k sf WA Office Building
Bellevue-based Sterling Realty Organization purchased Redmond Technology Center, a 101.7k sf, Class A office building in Redmond, WA. The five-story property, located at 18300 Redmond Way, was sold by Transwestern Investment ...
| SENTRE Buys 64k sf Mixed-Use Asset in Southeast Portland
SENTRE has acquired a 64k sf residential and retail mixed-use property in Portland’s Southeast neighborhood for $28.75 mil, or $250k per unit (93 total units), net of retail. The firm plans to invest $1 mil in contemporary in...
| Black Creek Group Finishing Up on 1.3 msf of Industrial Developments in the Seattle Area
Denver-based Black Creek Group has two new industrial development projects in the Seattle-area submarket of Tacoma/Fife submarket. The projects, one of which was just completed while the other is underway, are comprised of th...
| Talon Private Capital Spends $14.5 Mil on Seattle Industrial Asset
A 75k sf, single-tenant industrial building in Seattle was purchased for $14.5 mil ($193/sf) by Talon Private Capital, a locally owned company that specializes in the investment and management of commercial real estate. The p...
| Fields Holdings Secures $64 Mil Loan for Construction of WA Student Housing Project
Fields Holdings LLC has obtained $64 mil in construction financing for “The M,” a luxury 24-story off-campus student housing development near the University of Washington (UW) in Seattle. The loan was arranged by Quantum Capi...