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• Kennedy Wilson, Kenedix Inc and Hulic Co Close $173 Mil Multifamily Purchase in Seattle
6/16/25
Kennedy Wilson has teamed up with Kenedix Inc and Hulic Co Ltd in the acquisition of The Danforth, a 265-unit multifamily community in Seattle, for $173 mil, or $653k/unit. Kennedy Wilson has a 10% interest, investing $6.6 mi...
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• Goodwill Purchases 195k sf Industrial Facility in Washington
6/11/25
A 194.9k sf industrial property in Tacoma, WA was acquired by Goodwill of the Tacoma Goodwill Industries. The asset, located at 3102 S. Pine St, just south of Hwy 16, was sold by CenterPoint Properties.
The industrial facili...
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• Seattle Waterfront Res Property Sells for $375k/Unit
6/10/25
Anchor House Apartments, an 18-unit waterfront property in Seattle’s Eastlake neighborhood traded for $6.75 mil ($375k/unit) in a recent off-market transaction. The property is located at 2714 Fairview Avenue East, west of I-...
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• Washington Best Western Hotel Lands $14 Mil Refi Loan
6/02/25
A Best Western Plus hotel property in Moses Lake, WA was refinanced with a new $14 mil permanent loan. The property is located at 3000 W Marina Dr in Moses Lake.
The high performing hotel and restaurant facility offers both ...
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• Res Community in Seattle’s First Hill Neighborhood Trades Hands
5/30/25
Union Park, an 84-unit apartment community in Seattle’s First Hill neighborhood, has been sold in an off-market transaction. The property is located at 1310 Minor Ave, just east of I-5. The price was not disclosed.
The prope...
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• Portland’s Iconic ‘Schoolhouse Factory Building’ is Brought to Market for Lease or Sale
5/30/25
The Schoolhouse Factory Building, a historic and architecturally iconic structure located at 2181 NW Nicolai Street in Portland, OR, is coming to market for lease or sale. For years, the prominent four-story 125k sf building,...
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• Rally Pickleball Club Leases 44k sf Industrial Space in Washington
5/23/25
Rally Pickleball Club, a new indoor pickleball facility, has signed a lease for 44k sf of industrial space at 2703 C Street SW in Auburn, WA. Set to open this summer, Rally Pickleball Club will feature league play, private co...
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• Casey Family Programs Leases 79k sf of Space in Downtown Seattle
5/12/25
Casey Family Programs has agreed to a lease for 79.2k sf of space in downtown Seattle. The organization’s new space is at 800 Fifth, a 42-story, 940k sf tower in the heart of the city’s Central Business District.
The propert...
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• The Sobrato Organization Closes $193 Mil Res Buy in the Pacific Northwest
5/02/25
The Sobrato Organization has closed on a major residential buy in the Pacific Northwest, paying $192.85 mil for Soma Towers, a 273-unit ($706.4k/unit) multifamily community in Bellevue, WA. While Sobrato owns other multifamil...
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• Washington Office Complex Trades Hands in $45 Mil Deal
5/02/25
Vibe® Redmond, a three-building, 146.2k sf Class A office complex in Redmond, WA, was acquired by Muslim Association of Puget Sound (MAPS) and Medina Academy in a $45 mil ($308/sf) off-market transaction.
Vibe Redmond is loc...
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• US Elogistics Service Corp Inks Lease for Over 200k sf of Industrial Space in Washington
5/02/25
US Elogistics Service Corp, a New Jersey-based freight company, has signed a 68-month lease for 208.4k sf of space at Lakewood Tacoma Logistics Center in Lakewood, WA. The deal value was not given out.
Located at 14801 Sprin...
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• Steel Peak Pays $5.65 Mil for Washington Industrial Outdoor Storage Property
4/28/25
Steel Peak has acquired an industrial outdoor storage (IOS) property in Kent, WA for $5.65 mil. The company plans to complete property improvements in preparation for an incoming tenant.
The property is located at 25924 78th...
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• Class A Mixed-Use Asset in Portland Trades Hands
4/24/25
Machine Works, a 115.1k sf, Class A mixed-use asset in Portland, was acquired by a partnership between Melvin Mark Investors and Orion Investment Partners. The price was not given out.
Machine Works is located at 1414 NW Nor...
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• Commercial Real Estate Financing Briefs
4/14/25
GANTRY -- Blake Hering and Abi Hunter with Gantry arranged an $11 mil permanent loan to refinance maturing debt for the Grandview Place Apartments, located at 19420 SE 20th St in Camas, a suburb of East Vancouver, WA, directl...
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• Portland Office Vacancies and Availabilities Reach Record Highs in 1st Quarter 2025
4/14/25
This report provided by real estate services firm Kidder Mathews
Market Highlights
• Direct vacancy rates reached a new record high of 14.0%.
• Asking rental rates increased YOY to $29.64/sf FSG.
• Sales volume grew 47% ...
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• Bayspring Real Estate Partners to Take Over Asset Management of Seattle Office High-Rise
4/08/25
Bayspring Real Estate Partners has been selected by Värde Partners as its asset manager and operating partner for Bay Vista Office Tower in Seattle. Located at 2815 2nd Avenue, Bay Vista Office Tower is the commercial and med...
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• Institute for Protein Design Inks Lease for 32k sf of Life Science Space in Seattle
4/08/25
In a recent life science lease in Seattle, UW Medicine's Institute for Protein Design (IPD) inked a deal for 31.8k sf of space at 330 Yale, a 211.6k sf, Class A life science facility in the city’s South Lake Union area. The I...
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• Kidder Mathews Lands 1 msf Seattle Office Management Portfolio
4/04/25
Kidder Mathews Asset Services has been selected to manage a seven-building office portfolio in Seattle, totaling approximately 1.09 msf of space. The properties range from 16 to 55 years old and include a mix of Class A and B...
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• Purchase of WA Grocery-Anchored Retail Center Financed with $21.4 Mil Acquisition Loan
4/03/25
An investment partnership managed by Rosen Harbottle Commercial Real Estate acquired James Center, a grocery-anchored retail center in Tacoma, WA. The 140.2k sf asset, located at 6901 S 19th St, consists of multiple buildings...
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• Kennedy Wilson Closes 200k sf Industrial Buy in Washington
3/25/25
In a notable industrial buy out of the Pacific Northwest, Kennedy Wilson acquired Auburn Park 44, a 204.5k sf, multi-tenant industrial/distribution building on over nine acres in Auburn, WA, a suburb just south of Seattle. Lo...
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