| Thorofare Capital Originates Nine Loans Totaling $87 Mil
LA-based Thorofare Capital has originated nine loans totaling $87.4 mil encompassing a mix of short- and medium-term capital, secured by a variety of property types located throughout the U.S. The financings, which closed ov...
| Portland Office Building Trades
An institutional investor advised by local development partner Specht Development Inc purchased 220 NW Second Avenue, a 238.8k sf, value-add, transit-oriented office tower in the north end of Portland’s CBD. It was sold by Me...
| Portland Industrial Market Closes Out 2017 in Solid Shape
Here’s a quick snapshot of the Portland industrial market at the end of 2017, provided to us by real estate services firm Cushman & Wakefield:
• Thanks to Amazon, 2017 was the year of the mega-lease in greater Portland with ...
| TruAmerica Multifamily Teams Up with Blackstone Real Estate Income Trust in $126 Mil Res Buy
TruAmerica Multifamily, in its first joint venture partnership with an affiliate of Blackstone Real Estate Income Trust, Inc, has acquired a 635-unit multifamily portfolio consisting of two properties in the Denver and Seattl...
| NBP Capital Closes $19 Mil Buy of Portland Office Portfolio
An 88.1k sf, three-building office portfolio in Portland was traded by Swift Real Estate Partners to NBP Capital LLC in a $19 mil sale. The purchase was financed with a $17.55 mil acquisition bridge loan utilizing 70% LTC flo...
| Seattle Res Project to Move Forward with $76 Mil in Construction Financing
Mt. Baker Station Associates LLC has obtained $76 mil in combined construction financing for the development of Stazione 25 (aka Mt. Baker Station). The project consists of two urban multifamily apartment buildings; the North...
| Food Distributor Buys 12.6-Acre OR Dev Site from Panattoni Development
An unnamed local food distributor purchased a12.6-acre industrial site within Portland Portal Distribution Center in Gresham, OR. The price was not disclosed.
The site, located at NE 172nd and Sandy Blvd, was sold by Panatto...
| Security Properties Buys 141-Unit Res Asset in Spokane Valley, WA
Security Properties purchased Eagle Pointe, a 141-unit affordable multifamily property in Spokane Valley, WA for $12.85 mil, or about $91k/unit.
Eagle Pointe is a garden-style community comprised of family units that are inc...
| Seattle Office Asset Acquired by Tokyo-Based Takenaka Corporation for $268 Mil
Takenaka Corporation, out of Tokyo, Japan, is buying Tilt49, a newly constructed 11-story Class A office building totaling 290.6k sf in Seattle. The property is being sold for $268.5 mil ($924/sf) by a joint venture of Des Mo...
| Kennedy Wilson Closes on Purchase of 179-Unit Apartment Asset in Portland
Kennedy Wilson has acquired Savier Street Flats, a wholly-owned 179-unit apartment community in Portland’s Northwest neighborhood, for $60 mil, or $335k/unit. KW invested $27 mil of equity, and assumed an eight-year loan of $...
| Security Properties and Cigna Investment Management Team Up in $81 Mil OR Multifamily Buy
Security Properties and Cigna Investment Management purchased Arbor Heights, a 348-unit, Class A multifamily property located in Tigard, OR, for $81 mil, or $233k/unit. This is Security Properties' fourth joint venture with C...
| Food Distributor Buys 12.6-Acre Portland Site for New Build-to-Suit Facility
A local food distributor has purchased a 12.6-acre industrial site from Panattoni Development at Panattoni’s Portland Portal Distribution Center location in Gresham, OR. The buyer plans to construct a 135k sf food distributio...
| Trion Properties Closes Its Third Res Buy in the Beaverton, OR Market
Trion Properties has acquired Hallwood Apartments, a 76-unit apartment community in the Portland, OR submarket of Beaverton, for $12.25 mil ($161k/unit). The acquisition comes on the heels of the firm’s acquisition of Bel Air...
| FedEx Distribution Property in Oregon Trades in $16 Mil Deal
A 91.7k sf, distribution warehouse in the Medford, OR submarket of Central Point has sold for $15.9 mil ($173/sf). The building is fully leased to FedEx Ground, the fastest-growing division of FedEx Corporation and one of the...
| Vista Investment Group Buys Historic U.S. Customs House in Portland
Vista Investment Group has acquired the historic 67k sf U.S. Customs House in Portland, OR for $30 mil, or $448/sf. It was sold by Eastern Real Estate.
Located at 220 NW Eighth Avenue, the H-shaped building encompasses a ful...
| SteelWave and Barings Real Estate Advisers Close $68 Mil Portland Office Buy
A 208.5k sf, Class A office tower in Portland – 400 Sixth Avenue – traded hands in a $68 mil ($326/sf) transaction. The buyer is a joint venture between SteelWave and Barings Real Estate Advisers, acting on behalf of an insti...
| Construction of Portland Res Development Financed with $63.5 Mil Loan
Construction of a seven-story, 162-unit condominium project located off NE Multnomah in Portland, OR has gotten underway thanks to $63.5 mil in financing provided by Canyon Partners Real Estate LLC®. The new project is being ...
| Cumberland Holdings Pays $78k/Unit for WA Res Property
Cumberland Holdings has purchased Hawaiian Village Apartment Homes, a 192-unit community in Kennewick, WA, for $15 mil ($78k/unit). The property is located at 1105 W 10th Ave, east of Hwy 395.
Built in 1980, Hawaiian Village...
| Commercial Condo in Seattle Sells for over $500/sf
A 32.4k sf, four-tenant commercial condo asset in Seattle has sold for $17.75 mil ($548/sf). The property, 500 Mercer, is located in the Lumen Building, a full city block mixed-use project on the corner of 5th Ave and Mercer ...
| Kennedy Wilson Closes $135 Mil Res Buy in Issaquah, WA
Kennedy Wilson (KW) has acquired Atlas, a 343-unit apartment community in Issaquah, WA. The property, located at 1036 7th Ave NW, sold for $135 mil, or $393.6k/unit.
KW invested $52 mil of equity, and secured a 10-year inte...