| GXO Logistics Supply Leases 468k sf Industrial Property in Everett, WA
GXO Logistics Supply inked a lease for a 468.3k sf manufacturing/distribution building in the Bomarc Business Park in Everett, WA. GXO is expanding its existing footprint by 35% in the freestanding building, located at 9205 A...
| Sonoma Biotherapeutics Inks Lease Yet-to-be-Developed R&D Facility in Seattle
Sonoma Biotherapeutics Inc has agreed to a long-term lease agreement for a yet-to-be-developed, 83k sf Research and Development (R&D) and Manufacturing Center in Seattle. The center will be located at 501 Elliott Avenue West,...
| Washington Multifamily Property Traded for $299k/Unit
Insignia Apartments, a 162-unit residential community in Bremerton, WA, sold for $48.5 mil, or $299.4k/unit. The seller was Security Properties.
Built in 2017, Insignia Apartments is a garden-style multifamily community with...
| Washington Multifamily Project Lands $60 Mil Refi
The Park in Bellevue, a 184-unit multifamily project in Bellevue, WA, was refinanced by affiliates of Low Tide Properties and Continental Properties LLC with a new loan for $60 mil. Dave Karson, Alex Hernandez, Chris Moyer, A...
| Downtown Seattle Development Parcel Trades for $17.5 Mil
A 0.61-acre site in downtown Seattle’s Belltown neighborhood was acquired by an unnamed buyer for $17.5 mil. The 26.6k sf parcel, located at 2700 1st Ave, is zoned for residential development up to 267 units.
The zoning allo...
| Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
Norpoint Communities has landed $71.45 mil in separate permanent financings to refinance four 55-Plus age-restricted, active adult multifamily properties in the Puget Sound region. The financing was arranged by Gantry.
| SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
| Private Investor Exchanges into $45 Mil Seattle Area Retail Buy
Lynnwood Crossroads, a 103.1k sf, dominant grocery-anchored shopping center in the Seattle suburb of Lynnwood, WA, traded in a $45 mil ($436/sf) deal. The buyer was Sakioka Farms, a privately held, high-net-worth family offi...
| Portland Res Community Lands $75 Mil Refi
Heirloom, a 286-unit, Class A garden-style multifamily community located at 7900 SE Luther Rd in Portland, has been refinanced with a new senior loan provided by PCCP LLC for $75.5 mil. Developed by NBP Capital, the newly del...
| Greystar Completes Trio of Housing Projects in Seattle
Greystar has completed three urban rental residences totaling 838 units centrally located in the city of Seattle. The projects first began construction between 2019 and 2020, striving to ease the local market’s housing demand...
| MIG Real Estate Buys 104-Unit WA Community for $53 Mil
MIG Real Estate LLC has purchased the 104-unit Cedar Rim Apartments in Newcastle, WA for $52.9 mil, or $509k/unit. MIG is planning to enhance the exterior and common areas of the property.
Cedar Rim is located at 7920 110th ...
| Four-Building Distribution Project in the Seattle Area to Get Underway
Construction is about to get underway on four brand-new warehouse/distribution buildings that will bring over 2.3 msf of Class A supply to the Greater Seattle area. The project, FRED310, is being developed by a joint venture ...
| Security Properties Picks Up 168-Unit OR Multifamily Property for $49.5 Mil
Seattle-based Security Properties has acquired Sienna Pointe Apartments, a 168-unit multifamily community in Bend, OR, for $49.5 mil ($295k/unit). The acquisition was financed with a loan for $31.4 mil.
Built in 1991, the ga...
| Pulte Homes Buys Four-Acre Res Development Site in Bellevue, WA
Pulte Homes of Washington Inc purchased a 4.11-acre, transit-oriented development site located in the heart of the BelRed Corridor in Bellevue, WA for $26.05 mil. The property, located at 1723 127th Avenue NE, was sold by Umb...
| Construction Underway on 246-Unit Sustainably-Designed Res Community in Washington
Construction on Ninebark, a 246-unit sustainably designed apartment home community nestled between Camas and Washougal, WA, in Clark County is underway. The project is a development of Killian Pacific.
The design and constru...
| LBA Logistics Acquires 590k sf Distribution Complex in Portland
LBA Logistics purchased Marine Drive Distribution Center, a 590.1k sf, four-building distribution center in Portland. The property was sold by Clarion Partners.
Marine Drive Distribution Center is comprised of one single-ten...
| Vesta Hospitality Pays $58 mil for Fee Simple and Leasehold Interests in Oregon Resort Property
In a notable hospitality buy out of the Pacific Northwest, Vancouver, WA-based Vesta Hospitality acquired the fee simple and leasehold interests in the Surfsand Resort, an irreplaceable and iconic beachfront resort located in...
| MIG Real Estate Picks Up 104 Res Units in Washington
MIG Real Estate has purchased Cedar Rim, a 104-unit apartment community in Newcastle, WA. Although we don’t have the sales price, we can tell you that the deal was financed with a loan for $23.6 mil.
Located at 7920 110th Av...
| Two Multifamily Properties in Seattle’s University District Generate a Combined Price of $33 Mil
Campus Apartments and University Manor, two apartment buildings totaling 119 units in Seattle’s highly desirable University District, sold for a price tag of $33 mil ($277.3k/unit) in an off-market transaction.
| Seattle Mixed-Use Development Secures Joint Venture Equity and $196 Mil in Construction Money
A development partnership made up of Touchstone, a Seattle developer, and Portman Holdings of Atlanta, has obtained joint venture equity and $196.2 mil in construction financing for Chapter Buildings I and II in Seattle. The ...