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• Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors
10/20/21
Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, WA, was acquired by Next Wave Investors in an off-market transaction. The price was not given out.
Built in 1977, Park Place is located a...
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• FPA Multifamily Buys 98-Unit OR Res Community for $30 Mil
10/19/21
FPA Multifamily acquired Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, OR, for $30.25 mil ($308.7k/unit). The property was sold by Guardian Real Estate Services LLC.
Hidden Village comprises ...
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• Abacus Capital Group Closes $144 Mil Multifamily Buy in Washington
10/14/21
The Ridgedale Apartment Homes, a 334-unit multifamily community in Bellevue, WA, was sold to an affiliate of New York-based Abacus Capital Group for $144 mil ($431k/unit). The property was sold by The Ezralow Company, a Calab...
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• OR Last-Mile Facility Fetches $218/sf
10/12/21
A 129.8k sf, last-mile delivery station in Salem, OR sold for $28.25 mil ($218/sf). The property, located at 5475 Gaffin Rd SE, was a former solar panel plant owned and operated by Panasonic.
The Panasonic operation closed ...
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• MCA Realty Closes on $71 Mil in Industrial Acquisitions
10/08/21
MCA Realty recently completed five industrial acquisitions in deals totaling just over $71 mil. The assets include two in Washington, two in Las Vegas and one in the City of Orange.
The five properties were acquired through ...
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• SPC Acquisition Company Buys 130k sf OR Distribution Building
10/07/21
SPC Acquisition Company LLC paid $28.25 mil for a 129.9k sf ($217.5k/sf), freestanding distribution building on nearly 20 acres with a 10+ acre excess parking facility in Salem, OR. The property is 100% leased to a global For...
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• Kennedy Wilson Spends $265 Mil on Two Seattle Multifamily Communities
10/07/21
Kennedy Wilson has added two wholly owned apartment properties to its Seattle, WA portfolio. The acquisitions include The Bristol at Southport, the region’s largest waterfront apartment asset at 383 units, for $191 mil and Ge...
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• Multi-Tenant Office Property in Bellevue, WA Trades
9/29/21
New Rock Acquisition LLC has purchased Lincoln Plaza, a 148.7k sf, multi-tenant office campus in Bellevue, WA. The price was not immediately disclosed.
Lincoln Plaza is a three-building campus situated on 9.1 acres at 11225,...
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• Newmark Knight Frank Lands Leasing Assignment for New Creative/Flex Campus Project in Tukwila, WA
9/29/21
Newmark Knight Frank has been awarded the leasing assignment for The Prato District Technology Center, a new state-of-the-art, Class A creative/flex campus in Tukwila, WA. The Prato District is comprised of 250 contiguous acr...
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• Jamestown Closes 250k sf Seattle Office Purchase
9/27/21
Jamestown has closed on a major acquisition in Washington State, buying Home Plate Center, a two-building, 347.9k sf office campus located in the South of Downtown/Pioneer Square (“SODO”) submarket of Downtown Seattle. Accor...
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• JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
9/24/21
JB Matteson Inc has refinanced six CA and WA multifamily properties comprising a total of 965 units in separate transactions totaling $132 mil.
The six permanent loans were arranged by Dennis Williams and Tom Wight of NorthM...
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• Carillon Point Campus in Washington Recapitalized with $190 Mil Financing
9/22/21
Carillon Properties has recapitalized its Carillon Point mixed-use campus in Kirkland, WA with new financing of $190 mil. Fronting Lake Washington, the 26-acre property features a mix of Class A office, boutique hotel, and re...
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• High-End Res Development in Downtown Seattle Tower Opens to Public
9/21/21
The Residences at Rainier Square, a new residential development in Seattle, has been completed and is now welcoming its first residents. The 189-unit project, a development of Wright Runstad & Company and J. P. Morgan Global ...
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• Greystar Opens 182-Unit Multifamily Development in Portland’s Goose Hollow Neighborhood
9/16/21
Greystar has officially opened Sawbuck, their first development project in Portland. Comprised of 182 apartments and approximately 8k sf of retail space, the project broke ground in July 2019 and has welcomed their first move...
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• American Assets Trust Spends $83 Mil on Office Campus in Washington State
9/14/21
American Assets Trust has acquired Corporate Campus East III, a four-building, 160.5k sf multi-tenant office campus located in Bellevue’s 520 Corridor, for $83.85 mil ($521/sf). The property was sold by a partnership between ...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
9/10/21
Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond,...
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• Cadence Real Estate Buys 25-Unit Multifamily Property in Seattle
9/08/21
Cadence Real Estate has acquired Terri Ann Apartments, a 25-unit multifamily building in Seattle’s First Hill neighborhood, for $6.3 mil ($252k/unit). The property, located at 1331 Terry Ave, was sold by a local investor.
Th...
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• BKM Capital Partners Executes $261 Mil Recapitalization with Investcorp for Multi-State Industrial Portfolio
9/07/21
Newport Beach-based BKM Capital Partners executed a $261 mil recapitalization of its value-add industrial Fund I, expanding a partnership with Investcorp and marking the successful completion of an investment thesis involving...
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• Boston Properties Spends $465 Mil on Seattle Office Asset
9/02/21
In a major office acquisition in Seattle, Boston Properties has purchased Safeco Plaza, an 810.5k sf, multi-tenant tower in the city’s downtown, for $465 mil ($574/sf). The asset was sold by Vestas Investment Management, who ...
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