Martin Selig Real Estate Restructures Nearly $500MM in Debt on 12 Seattle Office Buildings, Clearing Path Out of Receivership
Martin Selig Real Estate has completed loan modifications covering 12 Seattle office buildings and about 2.2 million square feet, including a Midland-serviced loan...
Rovers Landing Buys 40-Unit Ponderay Apartments in Seattle’s University District for $6.3MM
A buyer operating as Rovers Landing LLC has picked up the 1963-built Ponderay Apartments, a 40-unit block of studios and one-bedrooms a short...
KKR’s $78MM Baldwyn Northgate Buy Was North King’s Only Q2 Apartment Sale, Setting a 4.8% Cap Rate Mark
A single institutional trade beside the Northgate light rail station accounted for all of North King County's second-quarter apartment sales volume, lifting the...
Harrison Street Affiliate Pays $72MM for 110-Unit Aegis Gardens Senior Living Community in Newcastle
Harrison Street Asset Management has paid about $560 per square foot for a Lake Boren assisted living and memory care community, its second...
University Temple Church Scraps 933-Bed U District Student Housing Towers Planned With American Campus Communities
Eight years after agreeing to trade its century-old sanctuary for a pair of student towers, University Temple United Methodist Church is cancelling the...
RISE Properties Affiliate Sells 186-Unit Cooper Apartments in North Seattle for $37.8MM, 28% Below 2019 Price
An entity tied to RISE Properties has sold the 186-unit Cooper Apartments, the former Linden Square, in Seattle's Bitter Lake neighborhood for $37.8...
Judge Tosses DekaBank’s $17.2MM Repair Claim Against Blackstone at 315,000 SQFT Exchange Building in Seattle, Lets $30MM Guaranty Fight Proceed
A New York court has thrown out DekaBank's bid to make a Blackstone fund pay for projected repairs at Seattle's half-empty Exchange Building,...
AMLI Residential Pays $21.1MM for Spring District Block 15 Site in Bellevue, Where It Plans 296 Apartments
An AMLI Residential entity tied to Morgan Stanley's Prime Property Fund has paid $21.1 million for the Spring District's Block 15 in Bellevue,...
Alexandria CEO Says Institutional Investors Still Favor Seattle Lab Buildings Despite 18.9% Vacancy
Peter Moglia, chief executive of Alexandria Real Estate Equities, told analysts that Seattle belongs with Boston, San Francisco and San Diego as a...
