Commercial
Clarion Partners Buys Kent Valley Industrial Portfolio for $132MM
By Jon Peterson New York City-based Clarion Partners has paid $132.7 million to acquire two industrial parks in Kent totaling 926,272 square feet,...
Los Angeles County Pension Fund Buys Kent Office Park for $23.2MM
The Los Angeles County Employees Retirement Association (LACERA) just acquired the Springbrook Business Park in Kent for $23.2 million, or approximately $126 per...
Sandstone Inn Econo Lodge SeaTac Sells for $24MM
There is no asset class in the greater Puget Sound-region that is not doing well or selling at the moment. Apartment complexes are...
Chevrolet of Bellevue Property Sells for $24MM
The Smith Automotive Group sold last week the property where its Chevrolet of Bellevue is housed for $24 million. The buyer was a...
Alaska Pension Fund Buys Lynwood Office Property for $42.1MM
Belmont, Calif. -based Embarcadero Capital Partners sold last week one of its Puget Sound assets, this one located 3400 & 3500 188th Street...
LBA Realty Sells Renton Office Park for $54.5MM
Irvine, Calif. -based LBA Realty sold last week its Time Square property in Renton for $54.4 million, or $168 per square foot, to...
Lionstone Sells Three Redmond Lots in Esterra Park for $49.5MM With Repurchase Options
Houston, Tex. -based Lionstone Investments sold three lots in the Esterra Park development community in Redmond’s Overlake district to Lincoln Property Company and...
LaSalle Pays $68MM For Phase I of Industrial Property in Des Moines, WA
By Jon Peterson Chicago-based LaSalle Investment Management has paid $68 million to acquire the 545,859 square foot Des Moines Creek Business Park Phase...
DCT Celebrates 10-Year Anniversary as Major Industrial Market Player
By Jacob Bourne Denver based DCT Industrial marked its 10-year anniversary of becoming a publicly traded company on December 13. The company’s executive...
McNellis: Is Retail’s Middle Earth Flat?
By John McNellis [dropcap]W[/dropcap]e own and develop suburban neighborhood shopping centers within about a two-hour drive of San Francisco. We both build new...
Prudential Sells Bellevue’s Hilton Hotel for $84.2MM
The Prudential Insurance Company of America, sold last week the 353-room Bellevue Hilton Hotel to Bellevue-based WIG Properties for $84.2 million, or just...
DCT Buys Tacoma Industrial Site for $28MM; Plans 1.2MM SQ FT Office/Warehouse Complex
Strong performance of the Puget Sound real estate market continues late into the year, this time with another industrial site in Tacoma selling...
