Finance
McNellis: In Praise of Inefficiency
By John McNellis A lender on one of our projects wrote last week, demanding we post an $800,000 letter of credit to further...
J.P. Morgan Makes $75.9MM Net Fund Equity Investment into Stack House Property
By Jon Peterson The J.P. Morgan Strategic Property Fund has made a $75.9 million net fund equity investment into the Stack House mixed-use...
Waterton Pays $20.2MM for Apartment Complex in Lynwood
By Jon Peterson Chicago-based Waterton Associates has paid $20.2 million or $130,000 per unit late last year to acquire the 155-unit Martha Lake...
Pearlmark Plans to Target Seattle for New Mezzanine Fund
By Jon Peterson Chicago-based Pearlmark Real Estate is planning on seeking out investment opportunities in San Francisco and Seattle for its latest commingled...
Shea Properties to Develop Apartment Project Near Facebook’s Campus
Aliso Viejo, Calif. -based Shea Properties closed on a site in Seattle earlier this month that is a block west of the Lake...
TIAA-CREF Adds to Seattle Portfolio with Apartment and Retail Deals
By Jon Peterson New York City-based TIAA-CREF has increased its real estate exposure in the Seattle region with apartment and retail acquisitions. Rich...
Following KKR Infusion, Drawbridge to Seek Opportunities in Seattle
By Jon Peterson San Francisco-based Drawbridge Realty is now interested in buying properties in Seattle, following last week’s announcement of recapitalization by New...
Deutsche Management Buys Office Building in Pioneer Square for $34MM
By Jon Peterson New York City-based Deutsche Asset & Wealth Management has paid $34 million or $465 per square foot to buy the...
Los Angeles Pension Fund Doubles the Value on the Sale of Apartment in Renton
By Jon Peterson The Los Angeles County Employees Retirement Association has sold the 288-unit Pebble Cove Apartments in Renton for $49.5 million, or...
Empty Lenora in Seattle Snatched Up for $40MM
CWS Capital Partners is the reported buyer of the empty Lenora apartment building in downtown Seattle, according to Puget Sound Business Journal. The...
Bentall Kennedy to Have Single Owner, Continue to Target Seattle Investments
By Jon Peterson Toronto-based Bentall Kenndy Group is now planning to be owned by a single institutional capital source with yesterday’s announcement of...
Principal Green Fund Invests in New Project in South Lake Union
By Jon Peterson Des Moines, Iowa-based Principal Real Estate Investors has made an equity investment in a new office development in South Lake...