Finance
Waterfront Building with Seattle P-I Globe Sells to Swiss Real Estate Fund for $41.9MM
By Kristin Bentley After changing ownership in 2007, the Waterfront office building, still topped by the Seattle Post-Intelligencer globe, was sold again last...
Cornerstone Makes Madison Centre its First Investment in Seattle Office Development
By Jon Peterson Hartford, Conn.-based Cornerstone Real Estate Advisers has made its equity investment into the Madison Centre project in downtown Seattle its...
DCT Buys Vacant Industrial Asset in Fife for $9MM
By Jon Peterson Denver-based DCT Industrial Trust paid $9.85 million to buy an empty industrial building in Fife located at 5555 8th Street...
Los Angeles’ IRG Acquires Weyerhaeuser Campus for $70.5MM
By Kristin Bentley Nearly two years after being placed on the market, the Weyerhaeuser campus in Federal Way has found a buyer –...
Carey Watermark Acquires Seattle Marriott Bellevue
By Kristin Bentley In its first venture into the Seattle market, a private REIT has acquired the Seattle Marriott Bellevue, a 17-story, state-of...
MetLife Uses Core Opened-Ended Fund to Buy Seattle Asset
By Jon Peterson New York City-based MetLife used its MetLife Core Property Fund as its capital source for the $129.4 million acquisition of...
Bixby Land Gets 5.6 Percent Cap rate on First Deal in Seattle
By Jon Peterson Newport Beach, Calif.-based Bixby Land Company has produced a 5.6 percent cap rate on the company’s first ever industrial transaction...
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...