Finance
112-Unit Old Mill Village in Bellingham Trades for $24.9MM
(EDITOR’S NOTE: According to public documents filed with Whatcom County, the property located at 2100 Electric Ave. in Bellingham traded for $24,860,000, or roughly...
Ethos Development Secures $19MM Construction Loan for 134-Unit Multifamily Project with a Ground Lease in Portland
Los Angeles, July 26, 2022 – Parkview Financial announced today it has provided a $19 million leasehold construction loan to Ethos Development to build a seven-story,...
Gladstone Land Buys 1,317 Acres Across Washington and Oregon for $37.3MM
MCLEAN, VA – Gladstone Land Corporation (LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 1,317 gross acres of farmland located...
InCity Properties Acquires 98-Unit Apartment Building in Seattle’s Ravenna Neighborhood for $32.2MM
By Catherine Sweeney Multifamily investors have been staying busy this month, with the Puget Sound region reporting a significant number of transactions. In...
Five Mercer Island Properties Belonging to Paul Allen’s Estate Sell for $67.1MM
By Vladimir Bosanac Several properties belonging to the estate of the deceased Paul Allen, one of the founders of Microsoft and a business...
Fremont Court in Seattle Sells for $17.4MM
July 26, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce that Fremont Court, a 35 unit mixed use building...
Kirkland Development Obtains $31.4MM Senior Loan for 138-Room Hotel Project in Vancouver, WA
ATLANTA–Bay Point Advisors, LLC has provided a $31.4 million loan to Kirkland Development to finance the opening of an eight-story, 138 room waterfront Hotel...
Oxford Collection Acquires 120-Room Hotel in Downtown Seattle for $31MM
By Catherine Sweeney Across the nation’s top commercial real estate markets, hotel assets continue to be in high demand. This holds true in...
Vulcan Sells Seattle Development Site With Plans for 463-Unit Project for $39.7MM
By Catherine Sweeney Just a couple of years after receiving approval for its 44-story project in Seattle’s Belltown neighborhood, Vulcan has sold off...
114-Unit Mirror Lake Village in Federal Way Receives $29.576MM Refinancing
SEATTLE, July 25, 2022 – JLL Capital Markets announced today that it has arranged a $29.576 million refinancing for Mirror Lake Village, a 114-unit, 138-bed,...
Blue Fern Homes Buys 80-Unit Apartment Building in Seattle’s University District for $24MM
By Catherine Sweeney In the last several months, Seattle has seen a significant number of multifamily properties trade hands. In a transaction that...
Broadshore Capital Announces $150MM Hospitality Investment Program
Closes first transaction, $19.8 million mezzanine construction loan for AC Seattle hotel LOS ANGELES–Broadshore Capital Partners (Broadshore), a leading national real estate investment...