Finance
Madison Development Group Lands $60.8MM Fannie Mae Refi on 216-Unit Spruce in West Seattle
Issaquah-based Madison Development Group has secured $60.8 million in Fannie Mae refinancing for Spruce, the 216-unit West Seattle apartment and retail complex it...
105-Unit Alcove First Hill Micro-Apartments Hit the Market in Seattle
An entity affiliated with the managing partner of a Seattle social purpose corporation has put the 105-unit Alcove First Hill micro-apartment building on...
Alliance Residential Pays $16.7MM for Site in Renton Approved for 384-Unit Apartment Project on Lake Washington
Vulcan Real Estate’s disposition of the 7.18-acre Kennydale waterfront parcel — marketed by CBRE and approved for residential development roughly two years ago...
Spokane-Based Entity Sells 128-Room Hilton Garden Inn Seattle/Bothell for $16.1MM
The deal, which closed at roughly $125,800 per key, lands as CBRE forecasts Seattle-area hotel revenue per available room to reach a record...
Construction Lenders Confront a Shifting Risk Map in 2026 as Data Center Race, PFAS Liability and Permitting Delays Reshape Underwriting
Construction risk has not disappeared from the lending landscape heading into 2026—it has migrated into new territory, from the breakneck data center buildout...
LBA Realty Sells 98,770 SQFT Kent Distribution Warehouse for $19.6MM
A Renton-based private investor has purchased a nearly 99,000 square foot distribution warehouse in Kent’s industrial core from an affiliate of LBA Realty,...
City Study Pegged Moda Center Needs at $505MM as Trail Blazers Seek $600MM in Public Funds
A city-commissioned facility assessment found the Moda Center needs $505 million over 20 years to remain operable, well below the $600 million public...
Seattle Social Housing Developer Set to Close $60MM, 150-Unit Elara at the Market in Belltown Acquisition in June, With Second Deal on Deck
The Seattle Social Housing Developer is set to close its roughly $60 million purchase of the 150-unit Elara at the Market in Belltown...
Amazon Plans 2MM SQFT Fulfillment Center in Chehalis After $9.3MM Port Land Deal
The e-commerce giant’s takeover of CRG Development’s stalled Cubes at Chehalis site would bring one of Washington’s largest warehouses—and up to 1,000 jobs—to...
Cresa Portland Adds BC Group in Push to Build One-Stop Advisory Platform
The merger folds the 22-year-old development and construction management firm into Cresa’s Portland office, extending an acquisition streak aimed at occupier clients across...
Sagard Real Estate Expands Portfolio with $66.5MM Acquisition of 222-Unit Multifamily Community in Monroe
(Editor’s Note: According to Snohomish County public records, the sales price was approximately $66.5 million, or about $299,549 per unit.) SEATTLE–Sagard Real Estate...
Bridge Debt Moves From Stopgap to Primary Structure as $875B in CRE Loans Mature
With permanent lenders selective and $875 billion in commercial mortgages coming due, sponsors are routing transitional deals to debt funds offering speed, flexibility...
