Finance
MIG Buys First Apartment Building in the Seattle Market for $46MM
By Jon Peterson Newport Beach, Calif.-based MIG Real Estate has made its $46.6 million purchase of the 274-unit Berkshire Apartments located at 1300...
Clise Properties to Deliver New $284MM Apartment Development in Seattle
By Jon Peterson Seattle-based Clise Properties is developing the 450-unit 2202 8th Avenue apartment project in the South Lake Union sub-market of Seattle....
First Hill Medical Office Building Sells for Record $199MM
In another record-breaking Seattle transaction of $199 million, or $884 per square foot, First Hill Medical Pavilion was purchased by Chicago-based Heitman, a...
Swift Pays $18.25MM for Office Building in Bellevue
By Jon Peterson San Francisco-based Swift Real Estate Partners has purchased the 68,000 Gateway Two office building in Bellevue for $18.25 million or...
Sonnenblick-Eichner Arranges $65.2MM in Financing for Two Hotels in Seattle
By Jon Peterson Beverly Hills, Calif.-based Sonnenblick-Eichner Company has attracted $65.2 million of debt financing for two extended stay hotels in the Seattle...
Cabot Buys Industrial Property in Federal Way for $7.6MM
By Jon Peterson Boston-based Cabot Properties has paid $7.6 million to acquire the 73,498 square foot Federal Way Corporate Center in Federal Way....
Florida Pension Fund Buys Two Apartment Buildings in Seattle for $154MM
By Jon Peterson Tallahassee, Fla.-based State Board of Administration of Florida has acquired two apartment complexes in Seattle for a total investment of...
ROIC Buys Shopping Center in Bellevue for $49MM
By Jon Peterson San Diego-based Retail Opportunity Investments Corporation (ROIC) has paid $49 million to buy the 113,223 square foot Sternco Shopping Center...
Strata Buys Five-Property Apartment Portfolio for $153.5MM
By Jon Peterson San Diego-based Strata Equity Group has acquired a five-property apartment portfolio totaling 1,041 units in Everett and Lynwood for $153.5...
Grosvenor to Achieve a 5 Cap Rate on Bellevue Apartment Acquisition
By Jon Peterson Grosvenor Americas is looking to earn just over a 5 percent cap rate on its $40.2 million acquisition of the...
Clarion Buys Major Business Park in Tukwila for $203MM
By Jon Peterson New York City-based Clarion Partners has paid $203 million to acquire the 1.3 million square foot Segale Business Park in...
Greystar’s Seattle Ambitions Grow
By Neil Gonzales Multifamily developer Greystar’s ambitions continue to grow with Seattle’s booming real estate market. In recent months, the South Carolina-based company...