Finance
TIAA Acquires Mercer Island Apartment Complex for $97MM
By Kristin Bentley New York-based Teachers Insurance and Annuity Association (TIAA) acquired its sixth multifamily development in the Puget Sound region last Thursday....
Condo Market in Seattle Continues at Slow Progression
By Kristin Bentley Over the last five years there have consistently been approximately ten times as many apartments built in the Puget Sound...
DivcoWest gets $75MM Commitment From Texas Pension Fund
By Jon Peterson San Francisco-based DivcoWest Properties has received a $75 million commitment from the Texas Municipal Retirement System for its newest commingled...
SARES REGIS Gets $50MM Commitment for New Apartment Fund
By Jon Peterson Irvine and San Mateo-based SARES REGIS Group has received a $50 million commitment from the Ohio Bureau of Workers Compensation...
Jackson Square Properties Makes One of Vancouver’s Largest Buys for $35.3MM
By Kristin Bentley Last month Vancouver saw one of its highest transactions over the last year, with the buyer entering the Washington market...
Retail Giant Vestar Purchases James Center in Tacoma for $31.4MM
By Kristin Bentley One of the largest privately held retail real estate companies in the western U.S., Vestar, announced last Wednesday that it...
Plus Investment USA’s Proposed International Plaza to be Largest in Bellevue
By Kristin Bentley Designs for a new international plaza were submitted to the city, and if approved it will add the tallest building and...
PMF Investments Acquires the Bellevue Sheraton for $41.8MM
By Kristin Bentley The Bellevue Sheraton now has a new owner since Tuesday. The 179-room hotel, located at 100 112th Avenue N.E., was...
Kennedy Wilson Earns Sub 5 Cap Rate on Mukilteo Apartment Purchase
By Jon Peterson Beverly Hills, Calif.-based Kennedy Wilson has acquired the 230-unit Alara Harbour Point apartment complex in Mukilteo at a cap rate...
CenterPoint Pays $21.9MM for Industrial Asset in Auburn
By Jon Peterson Oak Brook, Ill.-based CenterPoint Properties has paid $21.9 million to acquire the 152,155 square foot industrial property located at 3702...
Berkshires on Elliott Trades for $90.6MM as Market Forces Keep Pressure on Rentals
By Kristin Bentley The Berkshires on Elliott apartments have received a new name, the Griffis Belltown Seattle. Located at 2400 Elliott Avenue in...