| Premier Workspaces Celebrates 20 Years of Business and Growth
Premier Workspaces, one of the largest privately-owned executive suites, coworking, and shared workspace companies in the United States, is celebrating its 20th anniversary. Premier Workspaces was founded in 2002 in Irvine, C...
| Casino/Hotel Development Completed in Tacoma, WA
Work has been completed on the Emerald Queen Casino and Hotel, a 310k sf resort property in Tacoma, WA. The project, a development of the Puyallup Tribe of Indians, was designed by global architecture firm Cuningham.
| Industrial Building in Washington Traded for Nearly $35 Mil
Dalfen Industrial acquired the Rainier Industries Building in Tukwila, WA for $34.8 mil. Located at 18375 Olympic Avenue South, the 135.5k sf ($257/sf) building sits on 6.76 acres of land in one of the country’s most highly s...
| Next Wave Investors Spends $30 Mil on Two OR Res Communities
Next Wave Investors LLC has acquired two multifamily assets totaling 110 units in the Portland metro submarket of Beaverton, OR for a total of $30.5 mil ($277.3k/unit). The properties are The Huntley, with 62 units, and the P...
| Swift Real Estate Partners Obtains $32.5 Mil in Financing for Seattle Office Buy
Swift Real Estate Partners recently acquired 425 Pontius, a four-story, 75k sf boutique office building in Seattle for $39.5 mil ($525/sf), as reported by RENTV in April. We recently learned that the deal was financed with a ...
| EverWest Real Estate Investors Buys 130-Unit Multifamily Community in Seattle
EverWest Real Estate Investors has purchased Muir Apartments, a 130-unit res community located in the heart of Seattle’s Central District, for $54.5 mil ($419k/unit). Built in 2019, Muir Apartments is a modern, Class A urban ...
| Spokane, WA Industrial Sales Total $62 Mil
We’ve learned of two recent industrial sales in the Spokane, WA area that total roughly $62 mil. The deals were for a 306k sf building located at 9212 W Hallett Rd in Cheney (the Hallett Building), and a 111k sf building loca...
| Seattle Industrial Vacancy Rate Drops to 4.2%
This report was provided by real estate services firm Cushman & Wakefield
ECONOMY: Labor Force Nearing Full Recovery Heading Into 2022
Entering the third year of the Covid pandemic, the industrial sector has been largely un...
| BioMed Realty Acquires Trophy Office Building in Seattle
BioMed Realty recently purchased a 153.7k sf office building at 1101 Westlake in downtown Seattle’s South Lake Union submarket. The property was sold by Invesco Real Estate, a global real estate investment manager. A price wa...
| Portland Res Community Refinanced with $71 Mil Loan
A Security Properties affiliate has obtained a $71 mil refi loan on Peloton Apartments, a three-building, 265-unit Class A multifamily community in Portland. The building name - Peloton - means a group of bike riders, paying ...
| Strategic Storage Trust VI Picks Up Portland Area Self-Storage Property
Vancouver Self Storage, a 1,134-unit, all climate-controlled self-storage facility in the Portland-area community of Vancouver, WA, was acquired by Strategic Storage Trust VI Inc. The property was sold by an affiliate of Bann...
| Washington Power Center Goes for Over $18 Mil
Transnational Management paid $18.4 mil for Skagit Valley Square, a 166.8k sf ($110/sf) retail power center in Mount Vernon, WA. The property, located at 102-310 East College Way, adjacent to Interstate 5 and approximately 25...
| BioMed Realty Spends $126 Mil on Seattle Redevelopment Site
Loyal Inn Block, a 1.6-acre redevelopment site located at 2300 Seventh Avenue North and 2301 Eighth Avenue in Seattle, was acquired by BioMed Realty in a recent deal for $126.75 mil. The property was sold by Clise Properties ...
| Hines Global Income Trust Picks Up Portland Area Call Center Property
Hines Global Income Trust has purchased a single-story, call center building totaling 211.9k sf in the Portland-area community of Hillsboro. The property, located at 10500 NE Walker Rd, was sold by an unnamed public REIT.
| Innovatus Capital Partners Buys Triton Towers in Seattle
Innovatus Capital Partners LLC has acquired Triton Towers, a trio of seven-story, Class A office buildings located in a Seattle suburb that is home to global leaders in aerospace, healthcare, and other growth industries. LPC ...
| RM Communities Closes 64-Unit OR Res Purchase
RM Communities has purchased Edison Apartments, a 64-unit apartment community in Gresham, the largest suburb of Portland, for $19.5 mil ($305k/unit). The asset was sold by Trion Properties, who acquired it in October 2020 for...
| Seattle Office CRE Market Update – 1st Qtr. 2022
This report provided by real estate services firm Kidder Mathews
The end of the 1st quarter 2022 is the two-year point since the onset of the pandemic and we are seeing some lingering impacts on the regional office market. T...
| Swift Real Estate Partners Nabs 75k sf Seattle Office Asset
425 Pontius, a 75.3k sf boutique office building in Seattle’s South Lake Union neighborhood, was purchased by Swift Real Estate Partners in a $39.5 mil ($525/sf) deal.
Located at 425 Pontius Avenue North, the property inclu...
| Guardian Real Estate Services Secures $95 Mil in Construction Money for Portland Res Development
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit siz...
| Interstate Equities Corporation Closes Its Fifth Institutional Fund with $445 Mil in Equity Commitments
Interstate Equities Corporation (IEC) has closed its fifth institutional fund, “IEC Institutional Fund V,” with $445 mil in equity commitments. The fund, which will invest in acquiring, renovating, and repositioning value-ad...