Finance
APA Hotel USA Makes Landmark Acquisition of 256-Room Hilton Seattle for $68.8MM
The 256-room property will be rebranded from Hilton Seattle and will welcome guests as Coast Seattle Downtown Hotel by APA on June 13,...
Carmel Partners Buys 275-Unit Apartment Complex in Seattle for $91.1MM
By Kate Snyder An apartment complex in Seattle traded hands in a deal that shows investors continue to be attracted to the city’s...
Granite, Port of Woodland Sign Long-Term Lease Agreement for Construction Materials Facility on 25-Acre Site
WATSONVILLE, Calif.–Granite (NYSE:GVA) has executed a long-term lease with the Port of Woodland for a new construction materials facility. The facility will be...
Pembroke’s 349,000 SQFT 400 Fairview in Seattle Fully Leased with Commitments from Skanska, Group14 Technologies
Commitments arranged by JLL illustrate the flight-to-quality trend driving Seattle’s office market SEATTLE – June 11, 2024 – JLL and Pembroke announced today...
Timberlane Partners Acquires ‘Stack House’ in Seattle’s South Lake Union for $115MM
Most active multi-family investor over the past 12 months in the Pacific Northwest Seattle, WA, June 12, 2024 — Seattle-based Timberlane Partners announced today...
NBP Capital Sells 182-Unit Multifamily Community in Vancouver, Wash., for $26.75MM
(Editor’s Note: According to a report from the Portland Business Journal, the buyer is an entity affiliated with Abacus Capital Group.)Portland, Oregon –...
Retailers Implement Price Cuts to Address Changes in Consumer Spending Patterns
By John Beuerlein, Chief Economist at the Pohlad Companies Economic data was generally more subdued during May, indicating a slow start to the...
Sonder Holdings Inc. Signs Agreements to Exit or Reduce Rent in 105 Buildings
SAN FRANCISCO, June 11, 2024 – Sonder Holdings Inc. (NASDAQ: SOND) (“Sonder” or the “Company”), a leading next-generation hospitality company that is redefining...
WeWork Announces Emergence from Chapter 11, New Leadership Appointments
John Santora named Chief Executive Officer New York, NY – June 11, 2024 – WeWork, the leading global flexible space provider, today announced it...
KB Homes Buys Nearly Five Acres of Land in Everett for $11.8MM
By Kate Snyder More vacant land has traded hands in the Puget Sound region. In Everett, an entity affiliated with KB Homes, a...
$16.25MM Permanent Loan Secured for Acquisition of 212,000 SQFT FedEx Facility in Portland
Class-A Warehouse Property 100% Leased to FedEx Ground for Logistics Use; Life Company Loan at Conservative Leverage to Acquisition Cost Includes Interest Only...
60-Unit Junction 160 Apartments in Shoreline Traded for $14MM
By Kate Snyder A multifamily community in Shoreline traded hands in a deal that shows investors continue to be attracted to the city....
