Heitman to Earn Low Four Cap Rate on Dimension Acquisition

By Jon Peterson Chicago-based Heitman will be achieving a 4.2 percent cap rate on its purchase of the 298-unit Dimension by Alta apartment complex in...
California State Teachers Retirement System, Los Angeles, Resmark, ResCal Investments, San Francisco Bay Area, Seattle, CalSTRS

Berkshire To Seed New Investment Fund with Assets in San Jose and Seattle

By Jon Peterson Boston-based The Berkshire Group has seeded its new investment fund with properties in San Jose and in the Seattle area, according to...

TruAmerica Pays $36MM to Buy Apartment in Renton

By Jon Peterson Los Angeles-based TruAmerica Multifamily paid $36.75 million or $181,000 per unit to buy the 202-unit Windsor Apartment Homes in Renton. “It’s our opinion...

Belltown’s Dimension Building Sells for $144MM

Chicago-based real estate investment management firm Heitman has been named as the buyer of the Dimension apartment building in Seattle’s Belltown area. The 27-story...
Newmark Knight Frank, SECO Development, Renton, Hyatt Regency, Seattle

Hyatt Flags New Hotel in Emerging Renton Neighborhood

By Neil Gonzales Chicago-based Hyatt Hotels Corp. announced on Tuesday that the $197 million hotel being built in South Lake Washington by Renton’s SECO Development...

McNellis: Doing it on the Side

Making it in Real Estate Part Two: Doing it on the Side (Moonlighting) Are we in the wrong business? On the “Best Jobs in America” lists,...
TH Real Estate, Nuveen, Seattle, Puget Sound, BioMed Realty, Bay Area, San Francisco,

Seattle Arena Gains Design Approval, Street Closure Recommendation

By Nancy Amdur A proposed sports arena for Seattle cleared two significant hurdles this month, gaining unanimous approval for the project from both the city’s...
Newport Beach, RETS Associates, Cox Castle & Nicholson, NAIOP, Commercial Real Estate, Women in Commercial Real Estate Survey

Dwindling Office, Industrial Vacancy Spurs Launch of Online Space Trading Service

By Nancy Amdur As office and industrial space in many markets gets increasingly difficult to find, a real estate Web site is launching a new...
Urban Land Institute, City of Bellevue, Balmori Associates, NBBJ, Seattle, Puget Sound, Meydenbauer Bay, Civic Center District, Lake Washington,

While Expedia Leaves Bellevue for Seattle, Other Tech Firms are Moving to the Eastside...

By Neil Gonzales A big-time technology firm is leaving Bellevue, but the city remains a top destination for innovation. In April, online travel company Expedia.com announced...

McNellis: Back to School

By John McNellis Whether a lawyer, architect, engineer or broker, a young professional in real estate often hears expressions—some slang, others simply arcane—that neither the...

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