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• NBS Financial Services Arranges Financing on Historic Seattle Mixed-Use Property
4/13/11
NBS Financial Services has arranged a $4.2 mil loan for Wallingford Center a 42.2k sf, mixed-use property that was formerly a school in the Wallingford neighborhood in Seattle. NBS Executive Vice President Mike Wood placed th...
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• Proliance Orthopaedics and Sports Medicine Checks into Bellevue
3/21/11
The recent topping-off of Bellevue’s newest medical office building was followed by the signing of its first tenant. Proliance Orthopaedics and Sports Medicine signed a 10-year lease for 12k sf on the 7th floor, with the opti...
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• HFF Arranges $13 Mil for Three WA Manufactured Housing Communities
2/28/11
The HFF team representing WCM included senior managing director Tim Wright and associate director Zach Koucos. “We garnered interest from multiple capital sources on these three transactions; evidence that the capital marketp...
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• 200-Unit Washington Multifamily Complex Trades for Over $18 Mil
2/24/11
In a major Washington state multifamily sale, Waterford Place, a 200-unit property located in the Silver Lake area of Everett, sold for $18.2 mil, or $91k/unit. We’re told that the transaction represents the largest multi-fam...
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• Portland Multifamily Asset Lands Just Under $17 Mil in First TD Money
2/17/11
NorthMarq Capital’s San Diego Regional office arranged first mortgage financing of $16.93 mil for 2121 Belmont Apartments, a 123-unit multifamily property located at 2121 SE Belmont St in Portland, Oregon. Financing was based...
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• Invesco Closes Out 2010 with $79 Mil Portland Apartment Buy
2/08/11
Built in 1983, the property has eight levels of apartments, along with ground-floor retail space. The transaction was designed to preserve the Section-8 Housing Assistance Payments contract and was completed with the use of t...
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• Seattle Multifamily Asset Sells for Over $125k/Unit
1/27/11
Walls Property Management of Seattle recently purchased the 24-unit Oswego Place Apartments in Seattle’s Green Lake neighborhood for $3.06 mil ($127.5k/unit). The asset, located at 6840 Oswego Place Northeast, was sold by Os...
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• Kennedy Wilson Venture Purchases Second Largest Multifamily Complex in Seattle Area
1/18/11
A Kennedy Wilson-led venture has acquired Club Palisades, a 750-unit multifamily community in Federal Way, WA. The property is the second largest multifamily asset in the Seattle metro area and was purchased as an REO from a ...
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• Holland Residential Makes a Pointe with $31 Mil Vancouver, WA Apt Buy
1/14/11
In a major Pacific Northwest multifamily sale, Holland Residential paid $31.25 mil for Orchard Pointe Apartments, a 388-unit ($80.5k/unit) community in Vancouver, WA. The complex, since renamed The Pointe, is located at 3708 ...
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• Walker & Dunlop Provides $8 Mil on Renovated Historic Building in Seattle
1/07/11
By Allen Wolfsheimer
In the latest financing news from Seattle, Walker & Dunlop provided an $8.066 mil loan for the Terry Denny Building, located at 111 First Avenue South in the city’s historic Pioneer Square district. The ...
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• Seattle Office Property Achieves LEED-Silver Designation
12/30/10
1101 Madison Tower, a 239.3k sf office high-rise in Seattle, was awarded the LEED-Silver designation by attaining the required points for LEED for Existing Buildings: Operations & Maintenance™ certification. Established by th...
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• Kennedy Wilson Refis 400-Unit WA Multifamily Property
12/29/10
Kennedy Wilson has refinanced The Onyx Apartments, a 400-unit multifamily community in Redmond, Washington. The Onyx is owned in a partnership with the LeFrak Organization. The partnership, which is a 50/50 venture between Ke...
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• HFF Arranges Over $33 Mil in Financing on Diverse Properties in WA and CA
12/23/10
HFF has arranged $21 mil in refi money on Nexus Canyon Park, a 152k sf biotech/laboratory building in Bothell, Washington. The property is located at 21720 23rd Drive SE, less than one mile from Interstate 405 and about 15 mi...
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• Seattle Office Property Trades Hands in $36 Mil Deal
12/21/10
In news of a major Seattle office buy, Fred Hutchinson Cancer Research Center (“FHCRC”) has acquired 1100 Eastlake, a 177.1k sf office/life science building, for $36 mil ($203/sf). It was sold by Blume 1100 Limited Partnershi...
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• OR Coast Resort Facility Lands $20.5 Mil in New Financing
12/15/10
Sonnenblick-Eichner Company has arranged $20.5 mil in first mortgage financing for the Surfsand Resort, an upscale, full-service resort located in Cannon Beach, on the beach along Oregon’s northern coast. Proceeds from the l...
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• Steve Orser Joins Wood Partners as VP Development – Pacific Northwest
12/09/10
Steve Orser has joined Wood Partners LLC in an effort to assist the multifamily development company in expanding its national presence into the Pacific Northwest. Orser, named Vice President of Development – Pacific Northwest...
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• Cohen Financial Arranges Over $20 Mil for Two West Coast Deals
11/24/10
Real estate capital services firm Cohen Financial arranged a couple of interesting West Coast transactions, in Arizona and Washington, worth mentioning. In one of the deals, the company secured a $17.55 mil loan for the acqui...
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• Glacier Melts into Greystar
11/22/10
We’ve got an interesting Pac Northwest industry merger to report, as Seattle-based Glacier Real Estate Services was acquired by Greystar Management Services, L.P. Greystar expects that the acquisition and integration of Glaci...
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• Kilroy Closes $238k sf of West Coast Office Buys
11/17/10
West LA-based Kilroy Realty Corporation recently closed on two large West Coast office property buys, totaling 588k sf of space, in San Francisco and Seattle. The acquisitions had a combined price tag of $237.5 mil.
In San F...
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• CBRE Adds Two at Its Tacoma, WA Office
11/15/10
CB Richard Ellis has boosted its Tacoma, WA office with two recent executive additions, Kelli Knapp, MAI and Leon Titus. Knapp has been hired to add experience to the valuation and advisory services team while Titus has becom...
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