Finance
Beacon Puts Small Office Building in Seattle into New Investment Fund
By Jon Peterson Boston-based Beacon Capital Partners has put its acquisition of the 140,000 square foot Maritime Building located at 911 Western Avenue...
Resmark Sells Redmond Apartment Complex at Low 4 Cap Rate
By Jon Peterson Los Angeles-based Resmark Apartment Living has sold the 208-unit The Luke apartment complex in Redmond at a low four percent...
Dexter Horton Building in Seattle Fetches $124.4MM
A subsidiary of Hong Kong’s Great Eagle Holdings Ltd. has been revealed as the buyer of the Seattle’s downtown landmark, the Dexter Horton...
CenterPoint to Triple Size of Industrial Portfolio in Seattle and San Francisco
By Jon Peterson Oak Brook, Ill,-based CenterPoint Properties has a goal of tripling the size of its industrial portfolio in both the greater...
Acacia Capital Buys First Apartment Complex in Kirkland for $40.9MM
By Jon Peterson San Mateo, Calif.-based Acacia Capital Corporation has acquired its first apartment property in Kirkland with the $40.9 million acquisition of...
Puget Sound Office Investment Hits Milestone
By Neil Gonzales Office investors know it is an opportune time to be a landlord in the Seattle-Bellevue market and are on a...
DCT Buys Industrial Property in Algona Through Sale/Leaseback Arrangement
By Jon Peterson Denver-based DCT Industrial Trust has paid $5 million or $100 per square foot to acquire the 50,212 square foot warehouse/distribution...
Canada Pension Fund Acquires Interest in Industrial Portfolio With Seattle and San Francisco Assets
By Jon Peterson Toronto-based Canada Pension Plan Investment Board has bought an interest in an industrial portfolio with assets that are in the...
AvalonBay Starts up $110MM Apartment Project in Newcastle, WA
By Jon Peterson Arlington, Va.,-based AvalonBay Communities has started construction on the 378-unit Avalon Newcastle apartment project in Newcastle. The total capital cost...
Bothell’s Six Oaks Fetches $63MM
The Six Oaks mixed-use development in downtown Bothell now has a new owner. Vancouver, BC-based Belkorp Holdings is the reported buyer of the...
Lowe Enterprises Pays $32MM for Apartment Complex in Puyallup
By Jon Peterson Los Angeles-based Lowe Enterprises Investors has bought the 256-unit Deer Creek Apartments in Puyallup for $32.5 million or $126,000 per...
Coretrust Scouting Deals in San Francisco and Seattle with New Fund
By Jon Peterson Los Angeles-based Coretrust Capital will be considering investing capital in office buildings located in the San Francisco Bay Area and...