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March 28, 2024
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PACIFIC NORTHWEST NEWS
Archive
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• Lincoln Property Company Makes Two Pro Moves to Boost Its Pacific Northwest Leadership
3/03/23
There are two notable leadership moves at Lincoln Property Company in the firm’s Pacific Northwest region. Ryan Feigelson has joined the firm as Senior Vice President, while Lee Morrison has been elevated to a newly created p...
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• Glencrest Group Closes $27 Mil Buy of Portland Res Community
2/24/23
Glencrest Group purchased Meadowland Apartments, a 168-unit, garden-style apartment in Portland, for $26.85 mil ($160k/unit). The property, which was sold by NBP Capital, will be renamed Township Eastside by the new ownership...
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• Patricia Loveall and Jason Rosauer Join CBR in Seattle
2/21/23
Patricia Loveall, SIOR, and Jason Rosauer have joined the Seattle office of CBRE as Executive Vice Presidents. The team specializes in the leasing and sale of industrial properties, as well as the sale of office and land deve...
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• Commercial Real Estate Financing Briefs
2/10/23
JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
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• 354k sf Former Regional Mall in Alaska Offered for Sale
2/08/23
Here’s news of an interesting retail redevelopment opportunity in Alaska, as Northway Mall, a former regional mall in Anchorage, has been put on the market. The property, now referred to as North Pointe, is located at 3101 P...
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• Industrial Construction Costs Ease Slightly but Remain Elevated
2/03/23
This report was provided by real estate services firm Cushman & Wakefield Cushman & Wakefield has launched its North American Industrial Costs Guide, showing that pandemic-related supply chain constraints, which helped drive...
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• Portland Jumps into Tie for Top Data Center Market in the U.S.
1/20/23
Cushman & Wakefield has released its 2023 Global Data Center Market Comparison, the fourth edition of this annual study which identifies and ranks the top data center markets globally and covers key emerging trends in the sec...
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• SRS Real Estate Partners Opens Pacific Northwest Office
1/19/23
SRS Real Estate Partners has opened a new Pacific Northwest office, staffed with six new team members. Located at 16703 SE McGillivray Blvd in Vancouver, WA, the office will anchor the Pacific Northwest for the company and ex...
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• Seattle Area Retail Property Sells for $737/sf
1/17/23
A 3.8k sf, two-tenant retail property in the Seattle metro area sold for $2.8 mil, or $737/sf. The property, occupied by Pacific Dental Services and Coldwell Banker, sits on a 0.4-acre parcel at 1031 SE Everett Mall Way in Ev...
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• Work Finished on 84-Unit Res Community in Portland’s Woodstock Neighborhood
1/16/23
Construction is now complete on Novus Apartments, a $24 mil, four-story, 84-unit, contemporary mixed-use community located in Portland’s Woodstock neighborhood. The project, developed by Portland-based Urban Asset Advisors an...
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• New Res Development in Tacoma, WA Lands $15.8 Mil Refi
1/04/23
Koz Development has obtained $15.75 mil in refinancing on MLK Way, a newly-built, 161-unit multifamily property in Tacoma, WA. Located in an Opportunity Zone at 824 Martin Luther King Junior Way, the six-story property consis...
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• Seattle Children’s Hospital Buys 477k sf of Washington Office Assets in $84 Mil Deal
1/03/23
Seattle Children’s Hospital purchased Southgate Campus, a two-building, Class A office campus totaling 268k sf and Valley Office Park, a four-building 209k sf office park, in Renton, WA for a total price of $84 mil. The asset...
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• Transnational Management Spends $23.7 Mil on WA Retail Asset
1/03/23
Transnational Management closed out 2023 with the acquisition of Greentree Plaza, an 83k sf shopping center in Everett, WA, for $23.7 mil. Located at 305-505 SE Everett Mall Way, along Everett’s busiest commercial arterial b...
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• Despite Record New Supply, National Industrial Vacancy Dips Below 4%
12/28/22
This report provided by CommercialEdge The industrial sector's expansion remained on track as high demand for industrial space continued to drive brisk rent increases. Meanwhile, Southern California's industrial rent growth ...
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• Chris Moe, Hans Kemo and Austin Arper Join CRE’s Seattle Office
12/27/22
Three life sciences specialists have joined the Seattle office of CBRE. Chris Moe and Hans Kemp join as Executive Vice Presidents and will be co-leaders of CBRE’s Life Sciences practice in the Northwest. Austin Arper joins as...
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• Commercial Real Estate Financing Briefs
12/27/22
Sonnenblick-Eichner Company -- Sonnenblick-Eichner Company arranged $22 mil of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the...
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• Commercial Real Estate Financing Briefs
12/23/22
Cushman & Wakefield -- Lovett Industrial has secured $23.26 mil in construction financing for Broadway Logistics Center, a 201.3k sf, best-in-class industrial project in northwest Denver. The property is located in the city’s...
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• Clarion Partners Sells 459k sf Industrial Facility in Washington
12/20/22
Renton Logistics Center, a 459.3k sf, Class A industrial building in Renton, WA, was acquired by an unnamed institutional buyer. The property was sold by Clarion Partners. A rare offering of scale in the Kent Valley, this hi...
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• FPA Multifamily Picks Up OR Res Asset at $204k/Unit
12/19/22
FPA Multifamily purchased Fox Meadows, a 95-unit multifamily community located in the Portland submarket of Tualatin, OR, for $19.35 mil, or $204k per unit. The property, located at 19605 SW Boones Ferry Rd, was sold by Trion...
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• Local Investment Entity Pays $278k/Unit for Bellingham, WA Res Asset
12/16/22
A local family investment partnership paid $18.365 mil Samish Station 3, the 66-unit ($278k/unit), third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of Bellingham, WA. The buyer...
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