Finance
Waterton Pays $80MM for Apartment in Mountlake Terrace
By Jon Peterson Chicago-based Waterton Associates has paid $80.5 million or $157,000 per unit to buy the 512-unit Taluswood Apartments in Mountlake Terrace,...
TruAmerica Pays $36MM to Buy Apartment in Renton
By Jon Peterson Los Angeles-based TruAmerica Multifamily paid $36.75 million or $181,000 per unit to buy the 202-unit Windsor Apartment Homes in Renton....
Belltown’s Dimension Building Sells for $144MM
Chicago-based real estate investment management firm Heitman has been named as the buyer of the Dimension apartment building in Seattle’s Belltown area. The...
Greystar Earns Low to Mid Four Cap Rates on Two Apartment Deals in Fremont
By Jon Peterson Charleston, S.C.-based Greystar Real Estate Partners has bought two apartment properties in the Fremont sub-market of Seattle at cap rates...
Hyatt Flags New Hotel in Emerging Renton Neighborhood
By Neil Gonzales Chicago-based Hyatt Hotels Corp. announced on Tuesday that the $197 million hotel being built in South Lake Washington by Renton’s...
Pacific Urban Residential Gets New $387MM Commitment from CalPERS
By Jon Peterson Palo Alto-based Pacific Urban Residential has received a new $387 million equity allocation from the California Public Employees Retirement System...
Apartment Development Site Sold in Queen Anne for $3.7MM
By Jon Peterson Seattle-based Briarbox has paid $3.7 million to buy an apartment development site in the lower Queen Anne/Uptown submarket in Seattle...
Belltown’s Natasha Project Site Sells for $8MM
JDA West has been named as the buyer of 2134 Western Ave. half-acre site in Seattle’s Belltown area. The half-acre site will house...
Canadian Pension Plan Establishes New Relationship with Kemper Development
By Jon Peterson Toronto-based Canada Pension Plan Investment Board has made its first investment with Bellevue-based Kemper Development Company on providing a $526...
DCT Signs Up Lease for Almost Half of Spec Industrial Building in Sumner
By Jon Peterson Denver-based DCT Industrial Trust has signed a 300,000 square foot lease with LKQ at its White River Corporate Center industrial...
Seattle City Employees’ to Invest Capital in Value-add Real Estate
By Jon Peterson The Seattle City Employees’ Retirement System is planning to increase its exposure to real estate with a new commingled fund...
CalSTRS Allows New Capital to Consider Deals for San Francisco and Seattle
By Jon Peterson California State Teachers Retirement System has made new real estate commitments totaling $850 million and is planning to allocate at...