Finance
RISE Properties Trust Spends $69MM to Acquire the 135-Unit Modera Capitol Hill Apartments in Seattle
By Jack Stubbs RISE Properties Trust, a Canada-based real estate trust that focuses on the multifamily sector in the greater Seattle area, on...
Lennar Northwest Acquires Nearly 11 Acres in Bothell for $11.7MM
By Jack Stubbs On Wednesday, August 1st, a local homebuilder acquired approximately 11 acres in Bothell—including two single-family residences—for $11.7 million, according...
Newmark Arranges $10.38MM for Lakeside and Crown Village Apartments in Kennewick, WA
SAN FRANCISCO, CA – Newmark® has arranged $10,380,000 in permanent financing for Lakeside and Crown Village Apartments, two complexes in Kennewick, WA totaling...
Trupanion Spends $65MM to Acquire the Benaroya 6100 Building in Seattle’s Georgetown Neighborhood
By Jack Stubbs Located just south of the Industrial District, Georgetown is a neighborhood in transition, and a recent sale indicates that the...
Beacon Capital Partners Spends $434.8MM to Acquire the Metropolitan Park Towers in Downtown Seattle
By Jack Stubbs On Thursday, August 9th, Boston-based Beacon Capital Partners paid $434.8 million, or approximately $613 per square foot, to acquire...
Lennar Northwest Acquires 74 Acres of Vacant Land in Maple Valley, Washington for $10MM; Single-Family Project Planned
By Jack Stubbs On Tuesday, July 31st, 74 acres of vacant land in Maple Valley sold for $10 million, according to public...
397-Unit Drake Apartments in Tacoma Sells for $29.88MM
By Jack Stubbs On Tuesday, August 7th, the Drake Apartments in Tacoma sold for $29.88 million, or approximately $75,264 per unit, according...
Preylock Real Estate Holdings Spends $136MM to Acquire the 7-Building Willow Creek Corporate Center in Redmond
By Jack Stubbs Late last week on August 2nd, Los Angeles Preylock Real Estate Holdings, an owner and operator of commercial real estate...
Cushman & Wakefield Emerges from IPO with $765MM, Still Has $3.1B in Debt
By Vladimir Bosanac Cushman & Wakefield is now a public company. The private equity group that owned it, which included TPG Capital, PAG...
Lincoln Property Company Spends $58.75MM to Acquire the 501 Eastlake Building in Seattle’s South Lake Union Neighborhood
By Jack Stubbs There is rarely a short of development and sales activity occurring in Seattle’s South Lake Union neighborhood, and a 5-story...
NBS Financial Arranges $22MM in Financing For Stream Dexios Apartments
Seattle, Washington (August 2, 2018) – Norris, Beggs & Simpson Financial Services Principal, Mike Wood, and Associate Finance Officer, Colin Ceithaml, have secured...
Residential Redevelopment Site in Bellevue Sells for $13.75MM
By Jack Stubbs On August 1st, a residential redevelopment site totaling almost three acres that includes a two-story office building and is located...