Commercial
JB Matteson Completes $132MM in Refinancing of Six Multifamily Properties In California & Washington
SAN FRANCISCO, CALIFORNIA (September 13, 2021) – Dennis Williams, senior vice president/managing director and Tom Wight, vice president of NorthMarq’s San Francisco office collaborated to arrange...
CalPERS Puts $800MM into Blackstone’s BioMed Life Science Fund
By Jon Peterson The life science sector has been the darling of the commercial real estate industry over the last eighteen months, and...
American Assets Trust Buys Bellevue Campus for $84MM
Seattle, WA (September 10, 2021) — Newmark announces it has arranged the sale of Corporate Campus East III, a four-building multi-tenant office campus...
KIRO Radio & Television Studios in Seattle Sells to Essex Property Trust for $52.5MM
By Meghan Hall Nearly seven months after it was placed on the market, Atlanta-based Cox Media Group has sold its Third and Broad...
CBRE Global Investors Kicks Off Industrial Fund with $1.7B of Pre-Seeded Assets in Markets Including California, Oregon and Washington
By Jon Peterson There is no indication that the industrial market in the U.S. is slated for a slowdown, and investors pouring significant...
BehringCo.: West Coast’s Location Paradigm not “Bulletproof,” CRE Industry Must Find Alternative Ways to Maintain Project Value
By Meghan Hall After 60 years and three generations in commercial real estate, San Ramon, Calif.-based BehringCo. has watched West Coast-based markets rapidly...
Columbia Property Trust to Be Acquired by Funds Managed by Pacific Investment Management Company LLC in a $3.9B Transaction
NEW YORK & NEWPORT BEACH, Calif.–Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has entered into a definitive agreement to be acquired...
Terreno Realty Corporation Secures 57,000 SQFT of Lease in Seattle
(EDITOR’S NOTE: Terreno paid $42 million in 2017 for Sodo Row, previously occupied by Sears as a parts and service center. The asset...
The McClatchy Company, Owner of The News Tribune, Sells Tacoma Office Building for $15.5MM
By Meghan Hall The second largest newspaper in Washington State has sold its home. In a deal that closed just before the end...
CalPERS Reports Preliminary 21.3% Investment Returns for Fiscal Year 2020-21; Strong Returns Trigger Reduction in Discount Rate to 6.8%
Sacramento, Calif. – CalPERS today reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. CalPERS assets...
ICYMI: The Office Dilemma
A closer examination of how some technology end-users are looking at office today and into the future. In partnership with: HACIENDAHGA Speakers: TRACY...
BKM Executes $261MM Recapitalization for Multi-State Portfolio, Including $162.5MM Puget Sound Deal
(EDITOR’S NOTE: According to public records, the value of the transaction for Seattle Exchange I, located at 631 Strander Blvd., was $116.3 million....