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Historic Pioneer Building in Seattle Sells 1/30/14 The historic Pioneer Building in downtown Seattle recently traded hands at a price of $12.34 mil, or just over $200/sf. The 89.3k sf building was built in 1892 and is located at 606 1st Ave, on the northeast corner of First A...
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Pathfinder Partners Closes 18-Unit Portland Buy 1/28/14 San Diego-based Pathfinder Partners LLC purchased Calico Townhomes – a recently constructed, three-story, 18-unit townhome community in Portland, for $2.64 mil ($147k/unit). Located at 531 128th Avenue SE in the Mill Park nei...
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Cohen Financial Arranges $5.7 Mil for Two OR Self-Storage Properties 1/24/14 Peter C. Norrie, Managing Director of Cohen Financial’s Portland office, has arranged $5.7 mil in long-term financing for two self-storage facilities in Oregon. One of the properties, Iron Gate Beaverton Self Storage, is a 40...
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Hudson Pacific Properties Agrees to $58 Mil Seattle Office/Retail Buy 1/23/14 Here’s the news on a big Seattle investment buy, as SoCal-based Hudson Pacific Properties has entered into a purchase agreement to acquire Merrill Place, an office/retail property located in downtown Seattle’s Pioneer Square ...
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NBS Financial Services Arranges $43.5 Mil for OR Retail Center 1/23/14 NBS Financial Services has arranged $43.57 mil in permanent financing for Cedar Hills Crossing, a 464.2k sf retail property situated over 37 acres in Beaverton, OR. NBS’ Todd Harding and Mick Stapleton represented both the bo...
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Industrial Property Trust Inc Buys 97k sf WA Distribution Center 1/21/14 Industrial Property Trust Inc (IPT) has acquired the West Valley Distribution Center, a 97k sf distribution facility located in Kent, WA, a key submarket of the competitive Seattle/Tacoma industrial market. The property is cu...
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Seattle-Area Life Sciences Campus Sells 1/17/14 Highlands Corporate Center, a three-building, 173.3k sf office/life sciences complex in Bothell, WA, traded hands. The assets were sold by Bentall Kennedy. Bothell is considered to be part of metro Seattle’s Eastside.
Jones ...
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522-Unit Lakewood, WA Apartment Community Trades Hands 1/16/14 Bridge Investment Group Partners purchased Village at Seeley Lake, a 522-unit multifamily property in the Tacoma submarket of Lakewood, WA. The Village at Seeley Lake is located at 5719 95th Street SW in Lakewood, with conve...
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British Columbia Investment Management Corporation Buys Seattle Development Property 1/15/14 In development news out of Washington, British Columbia Investment Management Corporation (bcIMC) purchased a 19.4k sf site in Seattle for $17.75 mil. The firm plans to construct a 400-foot high-rise apartment tower with grou...
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Berkeley Point Capital Arranges $37 Mil in Acquisition Money for TruAmerica Multifamily’s Latest Buy 1/14/14 In an update to major multifamily buy in the state of Washington that RENTV first reported a couple of weeks earlier, Berkeley Point Capital arranged $37.535 mil in financing for TruAmerica Multifamily’s $54 mil ($174.8k/unit...
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Honda Dealership Dev Site in Seattle Sells for $56.5 Mil 1/09/14 Washington State Convention Center Public Facilities District (WSCC) purchased a former Honda dealership development site in Seattle’s CBD for $56.5 mil. The acquisition, consisting of five parcels totalling 86.9k sf of space...
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Portland Office Campus Awarded LEED Silver-Certification 1/07/14 Lincoln Center, a Class A, seven-building office campus located in Portland’s 217 suburban office market, has been awarded Leed Silver certification. Lincoln Center is the first office campus in Oregon to earn the LEED Exist...
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Portland Office Market Closed Out 2013 with Positive Absorption Numbers 1/06/14 This year-end 2013 summary of the Portland office market was provided by Kidder Mathews
In the fourth quarter of 2013, the Portland office market closed relatively strong, with positive absorption and steady but moderate new...
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TruAmerica Multifamily Spends $54 Mil on Its First Seattle-Area Acquisition 1/02/14 TruAmerica Multifamily has acquired Arcadia Luxury Townhomes, a 309-unit multifamily complex in Federal Way, WA, for $54 mil ($174.8k/unit). Following the recent $38.3 mil purchase of The Vineyards in Gilroy, CA, the purchase...
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Holland Partners Acquires Seattle Mixed-Use Redevelopment Project from Equity Office Properties 12/26/13 Holland Partners has acquired Westlake Steps, a mixed-use redevelopment site near downtown Seattle. The purchase consists of 5.5 acres of land on the Lake Union waterfront and three existing buildings totalling 102.2k sf. Equ...
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Unico Fund Buys WA Office Asset 12/24/13 A Unico-sponsored investment fund has purchased The Creeksides at Centerpoint, a 218.6k sf, institutional-quality office complex in Kent, WA. The asset is located at 20415-20435 72nd Ave, between I-5 and Hwy 167.
Completed i...
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90-Unit Portland Multifamily Community Trades Hands 12/23/13 Norton Company-III LLC has acquired Stonecreek Apartments, a 90-unit multi-housing community in southeast Portland, OR. The property, located at 11612 SE Division St, was sold by CIC Stonecreek LLC. The price was not disclose...
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Kennedy Wilson Closing on Three West Coast Apartment Buys Totaling $167 Mil 12/19/13 Kennedy Wilson recently closed on two institutional-quality apartment buys on the west coast. The LA-based firm, along with its investment partners, acquired Village at Town Center, a 159-unit multifamily property in El Cerri...
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Panattoni Development Awards Marketing for Upcoming WA Biz Park to Jones Lang LaSalle 12/18/13 Panattoni Development has selected Jones Lang LaSalle to handle the marketing for, a fully-entitled 36-acre, 357k sf industrial park still in the pre-construction phase. The project, located in the Northend submarket of Evere...
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380k sf Office High-Rise Will Be First Phase of Seattle Project 12/12/13 USAA Real Estate Co and Seattle-based Touchstone have teamed up to develop the Troy Block property on Fairview Ave in South Lake Union, Seattle. USAA Real Estate Company will be the equity partner in the 820k sf, two-building...
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