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October 3, 2023
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• Local Developer Buys 1.5-Acre Site in South Seattle
A 1.5-acre development site in South Seattle was acquired by locally-based real estate development, investment and management firm Bode in a $2.1 mil, all-cash deal. The buyer plans to develop a 330-unit housing project on th...
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• Seattle Apartment Complex Lands $53.5 Mil Refi
Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattleís Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, wa...
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• Harbor Tools Inks Build-to-Suit for New WA Distribution Facility
National retailer Harbor Tools has inked a build-to-suit lease for a 782.9k sf facility at FRED310, a prominent new warehouse/distribution development located on 310 acres in the Greater Seattle area. Terms of the deal were n...
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• New Standard Equities Obtains $19.8 Mil Refi on Washington Multifamily Property
New Standard Equities (NSE) has secured a $19.8 mil refi loan on Village Fair Apartment Homes in Bremerton, WA. This was the third refinance of the 120-unit property since its purchase for $13.1 mil in December 2016. Its appr...
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• PCCP LLC and Panattoni Development Company to Build 625k sf of Industrial Space in Vancouver, WA
A joint venture between PCCP LLC and Panattoni Development Company is developing two, infill industrial parks in Vancouver, WA. The three-building project includes Vancouver Logistics II and Hidden Glen Logistics, which will ...
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• BKM Capital Partners and TerraCore Capital Close $37 Mil Portland Light Industrial Acquisition
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, acquired Airport Business Center, an 11-building, 228.5k sf light industrial portfolio is situated in the heart of Portlandís NE/Columbia industrial...
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• Central Washington Ranks Eighth, Seattle Fifteenth for Data Center Leasing in 2022
This report provided by CBRE Renewable green hydropower availability and some of the lowest power rates in North America attracted data center operators to Washington State last year, according to a new report from CBRE. ...
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• Washington Food Processing Plant Sells for $19.5 Mil
No Meat Factory, a Canadian manufacturer of plant-based meat alternative products, purchased the 196k sf, Stanwood food processing plant in Stanwood, WA. The property was sold by Twin City Foods in a $19.5 mil transaction. L...
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• OR Retail Property Goes for $72/sf
Jackson Creek Center, an 84.6k sf shopping center in Medford, OR, sold for $6.1 mil ($72/sf). At the time of the sale, the center was 93% occupied by a tenant roster that includes Oregon Internal Medicine, West Main Spirits, ...
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• Balboa Retail Partners Goes Shopping in Hillsboro, OR
Balboa Retail Partners closed on a retail buy in Oregon, picking up The Streets of Tanasbourne, a 371.8k sf outdoor shopping mall located at 19350 NW Emma Way in Hillsboro. The price was not given out. Currently 93% leased, ...
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• Lincoln Property Company Makes Two Pro Moves to Boost Its Pacific Northwest Leadership
There are two notable leadership moves at Lincoln Property Company in the firmís 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
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
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
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
Hereís 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
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.
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
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
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 Portlandís Woodstock Neighborhood
Construction is now complete on Novus Apartments, a $24 mil, four-story, 84-unit, contemporary mixed-use community located in Portlandís Woodstock neighborhood. The project, developed by Portland-based Urban Asset Advisors an...
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