| WA Retail Center Refinanced with $65 Mil Loan
Newmark Realty Capital arranged $65 mil in refi money for the Downtown Woodinville Shopping Center. The property is located in Woodinville, WA, approximately 20 miles northeast of the Seattle CBD.
The multi-tenant retail ce...
| Capstone Partners Lands $154 Mil in Financing for WA TOD Development
Capstone Partners, LLC has secured joint venture equity and construction financing totaling $154.7 mil for the development of One Esterra Park, a transit-oriented, Class A office development located adjacent to Microsoft’s wo...
| PCCP LLC Closes $96 Mil Portland Office Buy
PCCP LLC has acquired Park Square, a two-building, 296k sf office property located on the south end of the Portland Central Business District. The property traded for $96.5 mil, or $326/sf.
Park Square consists of two buil...
| HUB Building Project in Downtown Spokane Lands $10 Mil in Financing
A joint venture between Avista and McKinstry has obtained $10.6 mil in fixed-rate financing for the construction of the 40k sf HUB building in Spokane, WA. The property is located across the tracks from the University Distric...
| TOD Development Site in Seattle Fetches $17.3 Mil
A 24.2k sf, transit-oriented development site in Seattle’s University District, has sold for $17.26 mil. The buyer is a developer of multifamily properties that plans to develop a mixed-use, high-rise building that will inclu...
| New Residential Community in Lakewood, WA Opens to the Public
Wellstone at Bridgeport, a new 208-unit residential development in Lakewood, WA, is finished and has officially opened to the public. The 208k sf, four-story project, a development of Legacy Partners and Momentum Partners, is...
| Pathfinder Partners Picks Up 132-Unit OR Multifamily Community for $29 Mil
Pathfinder Partners has acquired Creekside Village Apartments, a 132-unit multifamily community in Vancouver, WA, for $29 mil ($219.7k/unit). The asset, located at 3100 Falk Rd, was acquired from an affiliate of the ConAm Gro...
| Portland Area Medical Office Building Sells in $14.5 Mil Deal
Tigard Medical Plaza, a 21k sf outpatient medical office building and ambulatory surgery center in the Portland-area community of Tigard, sold for $14.5 mil ($690/sf). A private investor in a 1031 exchange purchased the medic...
| Portland Multifamily Property Traded in $14 Mil Deal
Sienna Lofts, a 75-unit multifamily property in Portland’s Gresham neighborhood, was acquired by San Diego-based Street Properties LLC and Street Properties Inc for $14 mil, or $187k/unit. The asset, located at 22744 SE Stark...
| Inland Group Lands $34 Mil in Construction Money for WA Senior Housing Development
Inland Group has obtained $34 mil in construction financing for the development of Affinity at Arlington, a senior housing community consisting of 170 market-rate units in Arlington, WA. The financing was arranged by CBRE.
| Recently Renovated Seattle Hotel Refinanced with $21 Mil Loan
Sonnenblick-Eichner Company has arranged $21 mil of non-recourse first mortgage leasehold financing, on behalf of a partnership between Los Angeles-based Lighthouse Investments LLC and KCB Management, for the 96-room Palihote...
| WestRock Corporation Leases 75k sf at Hogum Bay Logistics Center in Lacey, WA
WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS...
| Portland Office Property Trades in $118 Mil Transaction
Field Office, a Class A, two-building, 287.2k sf mixed-use project along River Promenade within Portland’s Pearl District, was acquired by a venture of the Merchant Banking Division of Goldman Sachs, in partnership with Linco...
| Premier Business Centers Rebrands to Premier Workspaces
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
| Vista Investment Group Spends $22 Mil on Portland Mixed-Use Asset
Vista Investment Group paid $22 mil for Hollywood Station, a 69.1k sf ($318/sf), mixed-use building in Portland’s Hollywood District. The purchase represents Vista’s fourth investment in Portland, OR over the last 18 months.
| Single-Tenant Retail Asset in Kingston, WA Sells for $6 Mil
A single-tenant, 17.3k sf freestanding property fully occupied by Rite Aid in Kingston, WA sold for $6 mil, or $347/sf. The property, located at 27000 Miller Bay Road NE, features a corporate guaranteed triple-net lease by Ri...
| Seattle Industrial Market Following a Similar Pattern from a Year Earlier
This report was provided to us by the Seattle office of real estate services firm Kidder Mathews
The Puget Sound region’s industrial market 1st quarter results are starting off in a pattern similar to a year ago. Last year,...
| Multi-Story Industrial Project in Seattle Slated for Development Later this Year
Track 6, an expansive, Class A, multi-story industrial project in Seattle, is slated to start development later this year. The project is a development of Avenue 55, a Seattle-based private real estate company.
Track 6 is bu...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
| Grocery-Anchored Retail Property in Oregon Sells in $3.24 Mil Deal
A 27k sf, grocery store-anchored retail property in Reedsport, OR traded for $3.24 mil ($120/sf). The fully occupied, newly renovated building sits on 3.11 acres at 1300 U.S.-101. It has two tenants - McKay’s Market and Dolla...