Commercial
Prologis Attracts $325MM of New Commitments into Core Plus Fund
By Jon Peterson San Francisco-based Prologis has received new commitments from major institutional investors totaling $325 million that will go into its Prologis...
Pembroke Spends $338.425MM to Acquire 400 Fairview in Seattle’s South Lake Union
By Jack Stubbs In one of the largest office property sales of the year, on July 10th, Boston-based real estate investor Pembroke Real...
1.93-Acre Redevelopment Opportunity in Seattle’s Ballard Neighborhood Officially Brought to Market
By Jack Stubbs Redevelopment opportunities throughout the city of Seattle are at a premium, and a new transit-oriented development opportunity in Ballard—available for...
Newmark Arranges $33MM in Permanent Financing For Tower Building in Seattle
(EDITOR’S NOTE: According to public documents, the owner of the property is Tower Building LLC, an entity affiliated with Mikki Ellingsen who is the...
PropTech: Engrain Q&A
By Jack Stubbs In the current era of commercial real estate tech, companies are continually striving to implement technology into their operating strategies....
Cardinal Capital Partners Sells Safeway in Snohomish County for $13.1MM
By Jack Stubbs On Thursday, June 21st, a Safeway in Monroe, Washington, sold for approximately $13.14 million, according to public records filed...
OpenRoad Auto Group Limited Spends $25MM to Acquire BMW Dealership in Bellevue
By Jack Stubbs OpenRoad Auto Group Limited, one of the largest car dealership companies in British Columbia, last week on June 27th...
Heritage Bank Acquires Medical Office Building in Tacoma for $11.625MM
By Jack Stubbs On Wednesday, June 20th, a medical office building in Tacoma sold for $11.625 million, or approximately $151 per square...
Henbart LLC Sells the Medical Center of Issaquah Building for $14.3MM
By Jack Stubbs On Thursday, June 28th, the Medical Center of Issaquah Building sold for $14.3 million, or approximately $362 per square foot,...
Transpacific Investments Sells Tacoma Mall Office Building for $16.55MM
By Jack Stubbs On Wednesday, June 20th, an office building adjacent to the Tacoma Mall sold for $16.55 million, or approximately $143 per...
Trupanion Planning to Buy its Georgetown Headquarters in Seattle for $65MM from Benaroya Company
By Jack Stubbs Seattle’s Georgetown neighborhood, an area just west of Beacon Hill and south of the Industrial District, is a neighborhood in...
Bertch Capital Partners Spends $5.8MM To Acquire 17 Acres in Sumner, Slated for Industrial Development
(EDITOR’S NOTE: the sales price for the 17 acres was approximately $5.8 million, or roughly $341,176 per acre, according to a representative from Colliers’ Seattle,...