Finance
TIAA-CREF and Holland Earn 4% Cap Rate on Sale of Premiere on the Pine
By Jon Peterson New York City-based TIAA-CREF and Vancouver, Wash.-based Holland Partner Group traded the 386-unit Premiere on the Pine apartment complex at...
Record Price in Seattle’s University District for Unpermitted 65 Foot Zoned Land
By Jon Peterson There has been a new record price established in Seattle for unpermitted 65 foot zoned land in the University District...
Grosvenor Sells Redmond Apartment for $43MM
By Jon Peterson Grosvenor Americas has sold the Peloton Apartments in Redmond for $43 million to San Mateo, Calif.-based G.W. Williams Co. The...
Sequoia Equities Expands into Seattle Apartment Market with $93MM Buy
By Jon Peterson Walnut Creek, Calif.-based Sequoia Equities makes its first apartment deal in the Seattle market with the $93 million acquisition of...
McNellis: In Praise of Inefficiency
By John McNellis A lender on one of our projects wrote last week, demanding we post an $800,000 letter of credit to further...
J.P. Morgan Makes $75.9MM Net Fund Equity Investment into Stack House Property
By Jon Peterson The J.P. Morgan Strategic Property Fund has made a $75.9 million net fund equity investment into the Stack House mixed-use...
Waterton Pays $20.2MM for Apartment Complex in Lynwood
By Jon Peterson Chicago-based Waterton Associates has paid $20.2 million or $130,000 per unit late last year to acquire the 155-unit Martha Lake...
Pearlmark Plans to Target Seattle for New Mezzanine Fund
By Jon Peterson Chicago-based Pearlmark Real Estate is planning on seeking out investment opportunities in San Francisco and Seattle for its latest commingled...
Shea Properties to Develop Apartment Project Near Facebook’s Campus
Aliso Viejo, Calif. -based Shea Properties closed on a site in Seattle earlier this month that is a block west of the Lake...
TIAA-CREF Adds to Seattle Portfolio with Apartment and Retail Deals
By Jon Peterson New York City-based TIAA-CREF has increased its real estate exposure in the Seattle region with apartment and retail acquisitions. Rich...
Following KKR Infusion, Drawbridge to Seek Opportunities in Seattle
By Jon Peterson San Francisco-based Drawbridge Realty is now interested in buying properties in Seattle, following last week’s announcement of recapitalization by New...
Deutsche Management Buys Office Building in Pioneer Square for $34MM
By Jon Peterson New York City-based Deutsche Asset & Wealth Management has paid $34 million or $465 per square foot to buy the...