Finance
Ground Lease Under 130-Unit Mixed-Use Property in Seattle Refinanced with $12.3MM Loan
(Editor’s Note: Public records show that the property owner is Fremont Dock Company, a real estate investment firm.) Land Parcel Home to The...
Brinkman Real Estate Buys 120-Unit Multifamily Portfolio in Spokane for $30.6MM
By Kate Snyder Spokane continues to see multifamily real estate transactions with the recent acquisition of a two-property portfolio in the city’s Bemiss...
First Citizens Bank Serves as Lead Arranger on $65.7MM in Financing of 211-Unit The Spark Apartments in Redmond
NEW YORK, Feb. 2, 2023 — First Citizens Bank today announced that its Real Estate Finance group, part of the CIT division, served as lead arranger on $65.7...
Pacific Urban Investors Acquires 2,195-Unit Pacific Northwest Portfolio for $737.5MM
(Editor’s Note: According to public records, Pacific Urban paid approximately $737.5 million in total for the properties. San Francisco-based Gerson Bakar & Associates...
Green Leaf Capital Partners Buys 151-Unit Seattle Apartment Building for $48.5MM
By Kate Snyder Multifamily communities in the Puget Sound region are still attracting investors as a Seattle apartment complex recently traded hands for...
2023 Outlook: Newmark’s Kevin Shannon Provides Capital Markets Insight for the New Year
By Catherine Sweeney While only the beginning of the year, the commercial real estate industry is already beginning to see new trends take...
Aukum Group Buys 154-Unit Meadow Brook Place Apartments in Vancouver, Wash., for $38.5MM
PORTLAND, Ore., Jan. 25, 2023 — HFO Investment Real Estate (HFO) is excited to announce the $38.5 million sale of Meadow Brook Place...
20-Unit Alano Living in Seattle Sold for $8MM
By Kate Snyder An apartment complex in Seattle’s Ballard neighborhood was sold in a recent transaction for $8 million, or approximately $400,000 per...
SRM Development Secures $24.3MM in Financing for Six Affordable Housing Assets in Seattle
JLL Capital Markets arranged the acquisition financing for the 354-unit, SEDU portfolio through Fannie Mae, as well as the Amazon Housing Equity Fund...
International Labor Union Purchases 63,695 SQFT Office Building in Tukwila for $11MM
By Kate Snyder A suburban city south of Seattle that saw a handful of sales transactions in 2022 is starting out the new...
Pillar Properties, Teutsch Partners Acquire $50MM Loan for The Verge Apartments in Auburn
SEATTLE, WASHINGTON (January 19, 2023) – Stuart Oswald, senior vice president/managing director of Northmarq’s Seattle office and Russ Cree of Glacier Real Estate...
Single-Tenant Rite Aid in Renton Sold for $7.6MM
RENTON, WA, December 30, 2022 – The Leibsohn Vara Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm...