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• BKM Capital Partners Spends $62 Mil on Portland Industrial Asset
6/25/24
BKM Capital Partners (BKM) has acquired Columbia Commerce Park, a 10-building property in Portland’s Airport submarket. The Newport Beach-based real estate fund manager and operator paid $62.7 mil for the multi-tenant light i...
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• Mid-Rise Apartment Building in Seattle Sells for $20 Mil
6/25/24
Uptown Queen Anne Apartments, a mid-rise apartment building in Seattle with 60 res units and two commercial spaces, traded hands for $19.9 mil. The property is located at 315 1st Avenue W, just west of the Space Needle and Hw...
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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• Seattle Hotels Forecasted to Exceed Pre-Pandemic RevPAR Levels This Year
6/10/24
This update provided by real estate services firm CBRE
CBRE expects Seattle hotels to exceed 2019 revenue per available room (RevPAR) in the second half of 2024, following a weaker-than-expected first quarter.
CBRE’s lates...
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• Community Preservation Partners Picks Up Affordable Housing Project in Ellensburg, WA
6/06/24
CPP (Community Preservation Partners) has acquired Crestview Terrace, a 168-unit affordable housing development in Ellensburg, WA. Built in 1970, Crestview Terrace last underwent renovation in 2008, and has since experienced ...
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• EQT Exeter Wraps Up $70 Mil Washington Industrial Buy
6/06/24
EQT Exeter closed on a sizable industrial buy in the state of Washington, having paid $70.6 mil for Gayteway Business Park buildings B, C, F, and G. The four Class A industrial buildings total 365k sf ($193/sf) of space and s...
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• Multifamily Property in Vancouver, WA Goes for $26.7 Mil
6/04/24
Thunderbird Village, a 182-unit garden-style apartment community in Vancouver, WA, traded hands for $26.75 mil, or $147k/unit. The asset was sold by NBP Capital.
Built in 1972, Thunderbird Village features one-, two-, and th...
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• East Bay Logistics Extends Lease for 228k sf Washington Facility
5/24/24
East Bay Logistics inked an extension lease for its 228.3k sf logistics/distribution facility in Sumner, WA. The facility, where the Hayward-based firm provides supply chain management for coffee, sugar, and cocoa products, i...
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• BH Properties Picks Up 335k sf Seattle Shopping Center
5/21/24
BH Properties has acquired Pacific Place, a 2.08-acre, 335k sf upscale entertainment and shopping center in the heart of downtown Seattle. Strategically located at 6th Ave and Pine St between the Seattle Convention Center and...
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• Vintage Res/Retail Building in Seattle’s Ballard Neighborhood Trades
5/21/24
Villa Luisa, a vintage mixed-use apartment and retail community situated in the heart of Seattle’s Ballard neighborhood, traded hands. The price was not disclosed.
Villa Luisa is a freestanding two-story building located at ...
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• GMD Development and WNC & Associates to Build 182-Unit Affordable Housing Project in Seattle
5/16/24
GMD Development and WNC & Associates are set to begin construction on Victory Northgate, a new six-story affordable housing development in north Seattle. Victory Northgate is scheduled for completion in April 2026.
The de...
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• Retailers and Wholesalers Overtook 3PL Providers as Top Drivers of Big-Box Warehouse Demand in 2023
5/13/24
This report was provided by real estate services firm CBRE
General retailers and wholesalers leased the most big-box warehouse space in Puget Sound in 2023, accounting for nearly 64% of all transactions in the region, accord...
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• WNC & Associates Closes $300 Mil Equity Fund
5/10/24
WNC & Associates has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states. Fund 56, a $302 mil equity fund that closed in April 2024, is WNC’s largest multi-in...
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• Two Seattle Residential Assets Land New Financing in Deals Totaling $14.5 Mil
5/09/24
Two Seattle multifamily properties secured new financing in separate permanent loan transactions totaling $14.5 mil. Both deals were arranged by Mike Wood and Colin Ceithaml with Gantry for different private investor borrower...
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• Washington Industrial User Trades for $26.6 Mil in Owner/User Buy
4/30/24
KRL Legacy LLC, an entity of Ace Relocation System Inc, purchased Pike Distribution Center, a 108k sf industrial property in Auburn, WA, for $26.65 mil ($247/sf). The asset was sold by CenterPoint Properties.
Pike Distributi...
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• Washington Apartment Property Sells for $53 Mil
4/30/24
2000 Lake Washington, a 186-unit multifamily community in Renton, WA, traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors.
Situated on 9.2 acres at 1300 N 20th St i...
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• Kennedy Wilson and Haseko Corporation Team Up in $90 Mil WA Multifamily Buy
4/30/24
A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation on a $90 mil multifamily buy in Vancouver, WA. The venture acquired a two-property, 350-unit ($257k/unit) portfolio consisting of The Farmstea...
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• Seattle Multifamily Property Sells for $258k/Unit
4/24/24
James Bon Apartments, a freestanding, three-story multifamily building plus basement located in the popular urban hub of 85th and Greenwood in north central Seattle, sold for $3.1 mil, or $258k/unit. The property is located a...
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• Noble House Hotels & Resorts Makes Equity Investment in Oregon Resort Properties
4/23/24
Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging Portfolio, located in Pacific City, OR. The Pacific City Lodging Portfolio is a colle...
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• Commercial Real Estate Financing Briefs
4/18/24
GANTRY - Blake Hering and Crischell Bacarro with Gantry arranged a $40.5 mil permanent loan to retire construction financing for a recently completed and now stabilized Class A apartment project in Albany, OR. The 264-unit co...
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