| New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
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...
| Seattle Res Development Lands $110 Mil Refi
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...
| Commercial Real Estate Financing Briefs
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...
| Third Security LLC Developing 42-Acre Industrial Project in Washington
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...
| Res Project in Bellevue, WA Breaks Ground
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-...
| Greystar Set to Start Work on Res Project in Portland’s Slabtown Neighborhood
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, ...
| Washington Multifamily Property Trades in $78 Mil Deal
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...
| Five Fast Facts on Seattle’s Industrial Market
5 Fast Facts SEATTLE – INDUSTRIAL
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...
| Grocery-Anchored Retail Center in Medford, OR Listed for Sale
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 ...
| Propeller Inc Lands at Field Office in Portland
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...
| LEED-Certified Office Buildings Command Higher Rents, Even Amid Challenging Conditions
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...
| Seattle Area Biz Campus Trades in $33 Mil Deal
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,...
| BKM Capital Partners Closes $20 Mil Light Industrial Buy in the Seattle Area
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...
| Seattle Res Community Trades for $104 Mil
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...
| SR Watt Company Spends $60 Mil on 188 Res Units in the Portland Area
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...
| C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
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...
| Work Started on 192k sf Distribution Project in Spokane Valley, WA
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...
| Legacy Partners and Lionstone Investments Underway on Second Phase of Redevelopment of Redmond Square Shopping Center
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...
| Washington State Industrial Investment Deal has a Price Tag of Almost $24 Mil
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...
| Oregon Multifamily Property Sold in $124 Mil Transaction
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...