Finance
Woodbridge Sells Mixed-Use Development in Bothell for $121MM
By Brittan Jenkins Vancouver, BC-based Woodbridge Northwest sold three developments at The Village at Beardslee Crossing for a total of $121,000,000 in a...
Deutsche Asset Management Transfers over $111MM Worth of Industrial Assets to Affiliated LLC
By Brittan Jenkins Deutsche Asset Management, an affiliate of the financial Deutsche Bank Group, transferred $111,750,000 worth of industrial space in the Puget...
Union Investment Pays $330MM to Buy Amazon-Leased Midtown21 in Seattle
By Jon Peterson Germany-based Union Investment Real Estate GmbH has paid approximately $330 million or $884 per square foot to acquire the 373,000...
Park 120 Office Park in Bellevue Sells for $32MM
Sheen’s Bellevue One LLC, associated with Mercer Island investor Bob Sheen, purchased the Park 120 office complex in Bellevue from Park 120 Investments...
FPA Multifamily Sells Everett Apartment Asset for $16.8MM
San Francisco-based FPA Multifamily sold off another apartment asset, this time in Everett, for $16.8 million or $180,645 per unit. FPA sold the...
AvalonBay Sells U-District Apartment Asset for $112MM
By Brittan Jenkins The largest developer of student housing in the United States, Austin-based American Campus Communities, acquired its first property in the...
Equity Office Sells Plaza at North Creek in Bothell for $35.5MM
Chicago-based Equity Office sold the Plaza at North Creek in Bothell to an entity called MRM North Creek LLC, based in Bellevue, for...
Security Properties Buys Echo Lake Apartment Complex for $85.5MM
By Vladimir Bosanac In a transaction that closed on May 31, 2017, Seattle-based Security Properties continued its buying spree by spending $85.5 million...
Kennedy Wilson Buys Issaquah Office Complex for $153MM
By Jon Peterson Los Angeles-based Kennedy Wilson has acquired the 587,000 square foot 90 East office complex in Issaquah for $15 million or...
America’s Best Value Inn & Suites in Tukwila Sells for $8.2MM
The America’s Best Value Inn & Suites in Tukwila sold to Sunrise Garden Inn LLC for $8,241,200 in a deal that closed May...
Wolff Buys Totem Lake Site for $23.5MM, Plans 557 Apartment Units
By Brittan Jenkins Real estate private equity firm, The Wolff Co. purchased a 12-acre property in the Totem Lake area of Kirkland where...
Legacy Group Capital Sells Parc 3 Apartments in Bellevue for $11.9MM
Bellevue-based Legacy Group Capital sold the Parc 3 apartments in Bellevue’s Woodridge neighborhood to Mitsumaru Estate Co. Ltd., associated with four individuals with...