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April 15, 2024
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PACIFIC NORTHWEST HEADLINES
BH Properties Buys Iconic Mixed-Use Property in Seattle
4/12/24
75k sf Olympic Block building was built in 1902 and is located in the cityís Pioneer Square neighborhood

Washington State Ranks as Top Ten Market in the U.S. for Data Center Leasing
4/10/24
Central Washington had an all-time vacancy low of just 0.2% at 2H 2023 while Seattle ended the year at 7.2%

Yohar Renaud and Kyle Herting Join CBRE
4/10/24
They both will specialize in retail leasing as vice presidents

CENTRL Office to Takeover Former WeWork Space in Seattle
4/01/24
Arrangement is for 53k sf within Capitol Hillís Kelly-Springfield Building



Uncharacteristically Slow Start for Portlandís Industrial Market not Considered a Trend
4/01/24
Kidder Mathews provides a 1st quarter 2024 snapshot of the sector

Washington Logistics Development Obtains $150 Mil in Mezzanine Financing
3/19/24
Loan follows $263 mil construction first on 2.48 msf Bridge Point Tacoma project

LaSalle Investment Management Buys Multifamily Community in Portland Suburb
3/15/24
Firm buys 183-unit Creekview Crossing in Sherwood

Oregon Multifamily Community Refinanced with New $80 Mil Freddie Mac Loan
3/12/24
JLL arranges financing on Chase Village in Eugene

Portland Mixed-Use Asset Lands New Owner
3/05/24
The Beverly offers 53 res units over 49k sf of retail space

Res Community in Bend, OR Trades in $57 Mil Deal
2/21/24
205-unit Outlook at Pilot Butte goes for $28k per unit

32-Unit WA Res Property Sells for $7.3 Mil
2/16/24
Investor pays $228k/unit for Stratford Square Apartments in Burien

Deacon Development is Wrapping Up Work on Three OR Multifamily Developments
2/16/24
Projects will add 353 units in the greater Portland and Salem areas

MOB Investments Buys 75k sf Oregon Neighborhood Center
2/09/24
Village @ Main Street in Wilsonville goes for $25 mil

BKM Capital Partners Spends $24.5 Mil on Portland Industrial Property
2/07/24
Purchase of 141k sf Airport Way Corporate Park works out to $174/sf

Alamo Group and Covenant Real Estate Group Buy 120k sf Washington Retail Center
2/06/24
Walla Walla Town Center was 93% occupied at time of sale

Washington Industrial Property Acquired by Owner/User in $41 Mil Deal
2/05/24
Purchase is of 184k sf The Cascade Building in Bonney Lake

Fee Interest in Washington Industrial Site Goes for $96 Mil
2/01/24
Deal is for 113-acre Columbia Business Center

Dalfen Industrial Pays $194/sf for Washington Industrial Asset
1/31/24
27k sf property sits on 2.15 acre in Auburn

Seattle-Area Multifamily Property Goes for $268k/Unit
1/10/24
Trade is of 28-unit Nicholas Townhomes in Sedro Woolley

CapRock Partners Picks Up 160k sf WA Industrial Facility
1/09/24
The Reserve @ Woodinville is a fully leased, Class A building in the Seattle MSA

Stream Real Estate Acquires Seattle Office Building for Residential Conversion
1/05/24
52k sf Queen Anne Plaza considered an ideal candidate for use transformation

OR Res Community Trades for $99 Mil
1/03/24
Deal for 304-unit Tessera at Orenco Station works out to $325k/unit

Portland Office CRE Market Update Ė 4TH Qtr 2023
1/02/24
Vacancies and availabilities continue to rise to record levels as transaction volume posts all-time lows at year-end.



 


 
 


 
 



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