Finance
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...
Cabot Buys Industrial Property in Federal Way for $7.6MM
By Jon Peterson Boston-based Cabot Properties has paid $7.6 million to acquire the 73,498 square foot Federal Way Corporate Center in Federal Way....
Florida Pension Fund Buys Two Apartment Buildings in Seattle for $154MM
By Jon Peterson Tallahassee, Fla.-based State Board of Administration of Florida has acquired two apartment complexes in Seattle for a total investment of...
ROIC Buys Shopping Center in Bellevue for $49MM
By Jon Peterson San Diego-based Retail Opportunity Investments Corporation (ROIC) has paid $49 million to buy the 113,223 square foot Sternco Shopping Center...
Strata Buys Five-Property Apartment Portfolio for $153.5MM
By Jon Peterson San Diego-based Strata Equity Group has acquired a five-property apartment portfolio totaling 1,041 units in Everett and Lynwood for $153.5...
Grosvenor to Achieve a 5 Cap Rate on Bellevue Apartment Acquisition
By Jon Peterson Grosvenor Americas is looking to earn just over a 5 percent cap rate on its $40.2 million acquisition of the...
Clarion Buys Major Business Park in Tukwila for $203MM
By Jon Peterson New York City-based Clarion Partners has paid $203 million to acquire the 1.3 million square foot Segale Business Park in...