| L5 Investments Spends $15 Mil on 97-Unit WA Multifamily Property
L5 Investments (L5) has acquired The Montrose Apartments, a 97-unit multifamily property in Washington, for $15.35 mil ($158.2k/unit). The property is located at 220 S. 152nd St in Burien, a growing suburb of Seattle located ...
| Prologis to Acquire DCT Industrial Trust for $8.4 Bil
Prologis Inc. (NYSE: PLD) and DCT Industrial Trust Inc (NYSE: DCT) just agreed to a merger by which Prologis will acquire DCT for $8.4 bil in a stock-for-stock transaction, including the assumption of debt. The boards of dire...
| WA Multifamily Property Lands $11.3 Mil in Freddie Mac Money
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.3 mil in financing for The Commons at Innovation Center, a 150-unit apartment complex in Richland, WA. The property is within the Tri-Cities Research Distri...
| Commercial Real Estate Financing Briefs
GREYSTONE - Simon Herrmann, Todd Vitzthum, and Cody Field with Greystone has provided a $28.5 mil Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, CA. Located at 7826 Center Pkwy, Carmel Pointe is a gar...
| CBRE Global Investors Buys Creative Office Property in Portland
CBRE Global Investors has purchased the historic Towne Storage, a 100k sf, Class A office property in Portland, OR. Located on a half block in Portland’s Central Eastside submarket, the property is fully net-leased to Autodes...
| Trion Properties Spends $24 Mil on Trio of Portland-Area Multifamily Assets
Trion Properties has acquired three multifamily assets totaling 174 units in Portland, OR submarkets. The properties, located in Beaverton and Tigard, had a combined price of $24.2 mil.
The properties include a portfolio of ...
| Shelter Resources Inc Acquires 164-Unit Multifamily Asset in Washington
Shelter Resources Inc has acquired College Glen Apartments, a 164-unit apartment complex located at 4870 55th Lane SE in Lacey, WA, for $19.3 mil ($117.7k/unit). The seller was College Glen Apartments, LP.
Built in 1996, Co...
| Gelt Spends $74 Mil for Nearly 500 Res Units in the Seattle Area
Los Angeles-based Gelt Inc closed on the acquisition of a two-property apartment portfolio containing 491 units in two Seattle submarkets for a total price of $74 mil ($150.7k/unit). The properties include The Row, a 247-unit...
| Nicola Crosby Spends $25.5 Mil on WA Office Building
Nicola Crosby has purchased Swift Gateway, a 68.3k sf office building in Bellevue, WA, for $25.5 mil ($373/sf). The seller was Swift Real Estate Partners, an independent real estate investment firm, based in San Francisco.
| Madison Park Financial Corporation Pays $55 Mil for 149-Unit Portland Multifamily Property
Madison Park Financial Corporation purchased Bridgetown Lofts, a 149-unit, mid-rise apartment community in Portland, for $55 mil, or $369k/unit.
Bridgetown Lofts is a waterfront community located at 1850 NW Front Ave, along...
| Newmark Arranges $25 Mil on Recently Completed Residential Property in Seattle
Newmark has secured $25.5 mil in financing for 1111 East Olive Apartments, an 80-unit residential property in Seattle, WA. Newmark’s Michael Taylor and Patrick Taylor arranged the 15-year term financing through Aegon Real Ass...
| Ares Management L.P. and Guardian Real Estate Services Recapitalize Portland Res Complex
Ares Management L.P. and Guardian Real Estate Services have recapitalized the debt and equity on Oxbow 49, a 166-unit multi-housing property in Portland, OR. A new 10-year, floating-rate loan was funded through Freddie Mac’s ...
| Wood Partners Breaks Ground on 138-Unit Multifamily Project in Portland
Wood Partners has broken ground on a new, 138-unit residential community in Portland. The project, located at 1638 W Burnside, at Southwest 16th Ave in the Goose Hollow neighborhood, includes 6k sf of ground-floor retail spac...
| 104-Unit Portland Apartment Community Trades Hands
The Century at North Cook (The Century), a 104-unit apartment community in Portland, OR, was acquired by KI-Mountain Par LLC for an undisclosed price. The property was sold by Cook Street Lofts LLC.
With five stories and 104...
| OR Apartment Community Trades in $10.6 Mil Deal
The Reserve at Ashbrook, a 43-unit apartment community in Tigard, OR, was purchased by Chicago-based Back Nine Acquisitions for $10.65 mil, or $248k/unit. The property is located at 9378 SW Mandamus Court, adjacent to Hwy 217...
| Precoa Inc Renews Tigard, OR Office Space
Precoa Inc inked a renewal lease for 32.5k sf of space at Triangle Corporate Park III in Tigard, OR. Precoa offers advanced planning services through funeral insurance and preneed marketing savvy.
Triangle Corporate Park III...
| Bixby Land Company and AXA Investment Managers - Real Assets to Go on Industrial Buying Spree
Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s...
| Developer Picks Up 17 Acres in West Salem, OR
A 16.89-acre land site in West Salem, OR sold for $3.32 mil. The property is located along Linwood St NW and Orchards Heights Rd. The RM-II zoning (Multiple Family Residential, City of Salem) allows for single and multifami...
| WA Multifamily Property Acquired for $33.8 Mil by Exchange Buyer
A 1031 exchange investor paid $33.8 mil for Willow Springs Apartments, a 154-unit ($220k/unit) apartment complex in Puyallup, WA. Built in 1996, the property sits on 8.6 acres at 608 39th Ave SW.
Willow Springs Apartments is...
| KDG Capital Buys 100-Room Hospitality Asset in Central Oregon
KDG Capital has acquired Eagle Crest Resort, a 100-room destination resort hotel in Central Oregon’s high desert, in the greater Bend-area community of Redmond.The property was sold by a partnership between Northview Hotel Gr...