Finance
Dow Hotel Company Seeks to Invest North of $200MM in Hotels Going Forward
By Jon Peterson Seattle-based The Dow Hotel Company has plans to invest at least $200 million in the purchase of hotels over the...
8-Unit Hoven Apartments in U. District Shows Strong Interest in Seattle Housing
Kidder Matthews has just announced the start of the sales of apartments in the 8-unit Hoven Apartments complex in Seattle’s U. District. The...
DivcoWest Starts a $1.5 Billion Capital Raise for New Commingled Fund
By Jon Peterson San Francisco-based DivcoWest Properties has just started the capital raising process for its next commingled fund, the $1.5 billion DivcoWest...
Invesco Buys Seattle’s 1101 Westlake for $67.4MM
The investment management firm Invesco has been named as the buyer of the 1101 Westlake project for $67.4 million. The six-story 150,000-square-foot office...
Heitman to Earn Low Four Cap Rate on Dimension Acquisition
By Jon Peterson Chicago-based Heitman will be achieving a 4.2 percent cap rate on its purchase of the 298-unit Dimension by Alta apartment...
Berkshire To Seed New Investment Fund with Assets in San Jose and Seattle
By Jon Peterson Boston-based The Berkshire Group has seeded its new investment fund with properties in San Jose and in the Seattle area,...
TruAmerica Buys Four Assets in Seattle for $121MM
By Jon Peterson Los Angeles-based TruAmerica Multifamily has acquired four apartment properties in the Seattle area for $121.45 million or $151,000 per unit....
Waterton Pays $80MM for Apartment in Mountlake Terrace
By Jon Peterson Chicago-based Waterton Associates has paid $80.5 million or $157,000 per unit to buy the 512-unit Taluswood Apartments in Mountlake Terrace,...
TruAmerica Pays $36MM to Buy Apartment in Renton
By Jon Peterson Los Angeles-based TruAmerica Multifamily paid $36.75 million or $181,000 per unit to buy the 202-unit Windsor Apartment Homes in Renton....
Belltown’s Dimension Building Sells for $144MM
Chicago-based real estate investment management firm Heitman has been named as the buyer of the Dimension apartment building in Seattle’s Belltown area. The...
Greystar Earns Low to Mid Four Cap Rates on Two Apartment Deals in Fremont
By Jon Peterson Charleston, S.C.-based Greystar Real Estate Partners has bought two apartment properties in the Fremont sub-market of Seattle at cap rates...
Hyatt Flags New Hotel in Emerging Renton Neighborhood
By Neil Gonzales Chicago-based Hyatt Hotels Corp. announced on Tuesday that the $197 million hotel being built in South Lake Washington by Renton’s...