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• Oregon Industrial Asset Trades in $20 Mil Transaction
8/10/23
STAG Industrial acquired Beaverton Industrial Center, a recently renovated 121.4k sf multi-tenant industrial/distribution project on 6.4 acres in Beaverton, OR, for $20.6 mil ($170/sf).
Originally constructed in the 1960s a...
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• Seattle Area Self-Storage Facility Gets New Owner
7/25/23
Northlynn Mini-Storage, a 57.7k sf, self-storage property in the Lynnwood area of Seattle, was purchased by GCP SecureSpace Properties LLC. The price was not given out.
Located at 15620 Highway 99, the facility contains grou...
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• Washington Self-Storage Facility Trades hands
7/25/23
In Self Storage, purchased a 19.2k sf self-storage property in Everett, WA from Blackdog Properties. The price was not disclosed.
Located near the intersection of 100th St. SW & Holly Dr, this property consists of 119 storag...
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• Gantry Arranges $30 Mil in Two Recent Apartment Financing Deals
6/28/23
Here’s news of a couple of apartment financing deals, both arranged by Gantry. The deals – an acquisition loan in Tempe, AZ and a refi in Auburn, WA -- total $29.8 mil.
The larger transaction was a $17.7 mil acquisition loan...
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• Washington Office Building Purchased by Intracorp Venture for $18 Mil
6/08/23
A 60.4k sf office building on a 3.66-acre parcel in Bellevue, WA was acquired for $18 mil ($298/sf) by Intracorp, along with its equity partner, HAL Real Estate.
The building is located at 3190 160th Ave SE, adjacent to I-...
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• MG Properties Wraps Up $61 Mil Res Buy in Washington
5/25/23
MG Properties closed on a multifamily buy in the state of Washington, paying $61.6 mil for Artesia Apartments, a 192-unit ($321k/unit) community in Everett. The property is located 11225 19th Ave SE, in the city’s Silver Lake...
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• Recently Completed Washington Multifamily Development Lands $14 Mil Fannie Mae Refi
5/24/23
Kōz on Weaver Road, a 100-unit senior housing community located just outside of downtown Snohomish, WA, was refinanced with a new Fannie Mae DUS® loan for $14 mil. In the transaction, Cushman & Wakefield served as the ex...
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• Work Started on Class A Office Building in Seattle’s University District
5/12/23
Lincoln Property Company (“LPC”), Intercontinental Real Estate Corporation, University of Washington (“UW”), and Sound Transit have broken ground on the new University District Station Building, a 266k sf office project in th...
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• InnVest Hotels Buys 189-Room Seattle Asset
5/11/23
InnVest Hotels recently acquired a notable asset in Seattle, purchasing Hotel Monaco, a 189-room luxury property in the city’s downtown. The property was sold by Pebblebrook Hotel Trust.
The four-diamond Hotel Monaco is loca...
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• Seattle Retail Market Remains Stable
4/27/23
This report provided by real estate services firm Kidder Mathews
Seattle Retail CRE Market Update – 1st Qtr 2023
The pandemic created a monumental shift in the way consumers live, work and shop and three years later, most m...
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• OR Independent Living Facility Trades for $294k/Unit
4/21/23
Inspired Healthcare Capital paid $35 mil for Crescent Park, a 119-unit ($294k/unit) independent living community in Eugene, OR. The property, located at 2951 Coburg Rd, was sold by an investment management firm with a focus o...
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• The Sutton Opens Its Doors in Portland
4/07/23
The Sutton, a new, high-end waterfront apartment complex in Portland’s North Pearl District, has officially opened to the public. The 236-unit project is a development of Lincoln Property Company.
The Sutton is a 17-story re...
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• Local Developer Buys 1.5-Acre Site in South Seattle
4/06/23
A 1.5-acre development site in South Seattle was acquired by locally-based real estate development, investment and management firm Bode in a $2.1 mil, all-cash deal. The buyer plans to develop a 330-unit housing project on th...
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• Seattle Apartment Complex Lands $53.5 Mil Refi
4/04/23
Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattle’s Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, wa...
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• Harbor Tools Inks Build-to-Suit for New WA Distribution Facility
4/03/23
National retailer Harbor Tools has inked a build-to-suit lease for a 782.9k sf facility at FRED310, a prominent new warehouse/distribution development located on 310 acres in the Greater Seattle area. Terms of the deal were n...
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• New Standard Equities Obtains $19.8 Mil Refi on Washington Multifamily Property
4/03/23
New Standard Equities (NSE) has secured a $19.8 mil refi loan on Village Fair Apartment Homes in Bremerton, WA. This was the third refinance of the 120-unit property since its purchase for $13.1 mil in December 2016. Its appr...
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• PCCP LLC and Panattoni Development Company to Build 625k sf of Industrial Space in Vancouver, WA
3/31/23
A joint venture between PCCP LLC and Panattoni Development Company is developing two, infill industrial parks in Vancouver, WA. The three-building project includes Vancouver Logistics II and Hidden Glen Logistics, which will ...
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• BKM Capital Partners and TerraCore Capital Close $37 Mil Portland Light Industrial Acquisition
3/28/23
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, acquired Airport Business Center, an 11-building, 228.5k sf light industrial portfolio is situated in the heart of Portland’s NE/Columbia industrial...
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• Central Washington Ranks Eighth, Seattle Fifteenth for Data Center Leasing in 2022
3/24/23
This report provided by CBRE
Renewable green hydropower availability and some of the lowest power rates in North America attracted data center operators to Washington State last year, according to a new report from CBRE.
...
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• Washington Food Processing Plant Sells for $19.5 Mil
3/22/23
No Meat Factory, a Canadian manufacturer of plant-based meat alternative products, purchased the 196k sf, Stanwood food processing plant in Stanwood, WA. The property was sold by Twin City Foods in a $19.5 mil transaction.
L...
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