|
• Washington Res Development Secures $25 Mil in Construction Money
9/13/24
Saltese Creek, a new 192-unit multifamily project in Spokane Valley, WA, has landed $25.3 mil in construction financing. The project, located just south of the intersection of S Tschirley Rd and E 6th Ave, is being developed ...
|
• Spokane, WA Res Development Lands $33 Mil in Construction Money
9/12/24
Construction financing of $33 mil has been secured for development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment project that just got underway in downtown Spokane, WA. The project, being developed ...
|
• 200-Unit Res Asset in Washington State Trades Hands
9/11/24
Heronfield, a 202-unit core-plus multifamily property in Kirkland, WA, traded hands in a recent transaction.
Heronfield, located at 11105 NE 123rd Lane, features one-, two- and three-bedroom units averaging 939 sf in size. T...
|
• Henry’s Gymnasium Leases Boylston Garage Property in Seattle’s Capitol Hill District
9/04/24
Henry’s Gymnasium recently inked a lease for all three floors of the newly renovated Boylston Garage in Seattle’s Capitol Hill district. The building, located at 1617 Boylston Ave, is owned by Asana Partners.
The club’s gra...
|
• Washington Res Community Valued at $446k/Unit in $71 Mil Trade
8/29/24
SKY Sammamish, a 159-unit multifamily property in Sammamish, WA, traded hands in a $71 mil ($446k/unit) transaction. Located at 22526 SE 4th St, the property consists of one-, two- and three-bedroom units and two-story townho...
|
• Oregon Office/Retail Asset Lands $15.5 Mil Refi Loan
8/23/24
Lake View Village, a 91k sf, mixed-use project in downtown Lake Oswego, a suburb of the greater Portland MSA, was refinanced with a new permanent loan for $15.5 mil. The property, which contains office above retail, is locate...
|
• Historic Office Campus Property in Portland Trades Hands
8/12/24
Montgomery Park, a 768.4k sf, multi-tenant office campus located in Portland’s Slabtown submarket, traded hands in a recent sale. The seller was an entity indirectly owned by a group of banks that foreclosed on the property i...
|
• Washington Neighborhood Center Sells for Over $600/sf
8/12/24
Panos Properties LLC has acquired Village at Redmond Ridge, a 66.9k sf, neighborhood retail center in Redmond, WA, for $41 mil ($613/sf). The property, located at 23515 NE Novelty Hill Rd, was sold by Woodbury Corporation.
V...
|
• Menlo Equities Picks Up Unique Mixed-Use Asset in Portland’s Pearl District
8/09/24
In a notable sale in Portland’s Pearl District, Menlo Equities purchased Block 1 of the Brewery Blocks, a boutique, mixed-use asset located at 1225 West Burnside St totaling 134.1k sf of space. The property, which consists of...
|
• Optimus Properties Spends $12 Mil on Washington Res Property
8/07/24
Optimus Properties LLC purchased a 70-unit apartment community in Beaverton, OR in a $12.01 mil ($171.5k/unit) transaction. The property sits on 2.22 acres of land at 4925 Jamieson Rd, in the city’s desirable Raleigh Hills ne...
|
• Washington Res Community Sells in $34.75 Mil Deal
7/31/24
Woodstone Apartments, a 124-unit apartment community in Bothell, WA, traded hands in a $34.75 mil ($280k/unit) transaction. The asset was sold by Security Properties.
Built in 1989, Woodstone Apartments is located at 16520 N...
|
• Washington Medical Office Property Purchased with Plans to Be Redeveloped into a Hotel Project
7/25/24
A freestanding 5.5k sf medical office building on a uniquely large parcel in Bellevue, WA was acquired for $6.75 mil by Seattle-based Kauri Investments Ltd. The property, located at 1300 116th Ave, is planned for future hotel...
|
• Iconic Building in Downtown Seattle Goes for $549/sf
7/23/24
Promethia Holdings LLC purchased the historic Coliseum Building, a 16.2k sf building in downtown Seattle, for $8.9 mil ($549/sf). The property is located at 1506 5th Ave, adjacent to Nordstrom’s flagship store and just one bl...
|
• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
|
• Vancouver, WA Res Community Sold in $28 Mil Transaction
7/17/24
Van Mall Retirement, a 191-unit senior living community located in Vancouver, WA, was purchased by a Pac Northwest-based owner/operator in a $28 mil ($146.6k/unit) transaction. The asset was sold by Lytle Enterprises.
Van Ma...
|
• Puget Sound Office Market Shows Early Signs of Recovery
7/12/24
This market update was provided by real estate services firm CBRE
Puget Sound Q2 Office Insights
• There were four leases over 50k sf this past quarter, a positive sign for leasing activity and tenant demand. Artificial i...
|
• Portland Res Community Lands $45 Mil Refi
7/11/24
In a recent multifamily financing deal, The Dylan, a 232-unit multifamily asset with 6.2k sf of ground floor retail in Portland, landed a $45 mil refi loan provided by PCCP LLC. The property is owned by a joint venture betwee...
|
• Seattle Multifamily Property Comps at $290k/Unit
7/10/24
In a recent multifamily comp out of Seattle, Dexter Hayes, a 65-unit, Class A apartment building, traded for $18.85 mil, or $290k/unit. The property is located at 1701 Dexter Avenue N. in the city’s vibrant Westlake neighborh...
|
• Rhino Investments Spends $24.6 Mil on OR Retail Center
7/05/24
Rhino Investments, out of Las Vegas, purchased Grants Pass Shopping Center, a 277.4k sf retail center in Grants Pass, OR. The property was sold by LNR Partners in a $24.65 mil ($89/sf) transaction.
Located at 820-1160 NE D S...
|
• Apartment Property in Camas, WA Sells for Nearly $400k/Unit
7/02/24
Clara Flats, a 30-unit mixed-use apartment building in Camas, WA, traded hands for $11.9 mil, or $396.7k/unit. The out-of-state buyer was in a 1031 tax-deferred exchange and was further attracted by Clara Flats’ highly desira...
|
Return to the Pacific Northwest area
