Finance
CalPERS Allocates $483MM of New Capital into West Coast Apartments
By Jon Peterson California Public Employees Retirement System has approved new commitments for its core West Coast apartment managers totaling $483 million. This...
Nashville-Based Healthcare Realty Acquires University of Washington Valley Medical Center For $53MM
By Kristin Bentley Healthcare Realty, a Nashville-based publicly-traded real estate investment trust (REIT), acquired its fifth property in the Puget Sound region on...
CalSTRS Makes $200MM Commitment into DivcoWest Fund
By Jon Peterson California State Teachers Retirement System has approved a $200 million commitment into the DivcoWest Fund V commingled fund, according to...
NYC-Based Westbrook Partners Purchases The Hilton Seattle For $60.3MM
By Kristin Bentley In yet another example of a healthy Puget Sound hotel market, Boston-based AEW Capital Management sold the The Hilton Seattle,...
Vulcan Sells Land with Medical Office Buildings in Seattle for $133.6MM
By Jon Peterson Seattle-based Vulcan Real Estate has sold two parcels of land on ground leases that are located beneath the University of...
San Diego-Based Fairfield Residential Plans 360-Unit Residential Development In Downtown Redmond
By Kristin Bentley Fairfield Residential LLC purchased four parcels totaling 1.7-acres, in downtown Redmond near Microsoft’s headquarters, for $6.2 million, according to public...
CityView Creates $150MM Investment Fund; Seeks Deals in San Francisco and Seattle
By Jon Peterson Los Angeles-based CityView has raised $150 million of equity capital for a new investment fund that will look to invest...
LCS Development Anticipates Completion Of $154.5MM Retirement Community Expansion
By Kristin Bentley A continuing care retirement community developer, Iowa-based LCS Development, is nearing the completion of its Phase II of Timber Ridge...
The Schuster Group Sells Residential Building For $76MM In Seattle’s Belltown
By Kristin Bentley The Schuster Group, a real estate investment, development and management firm based in Seattle, sold one of its residential properties...
Urban Visions Acquires Parking Garage Near Seattle’s Waterfront In Pioneer Square For $13.1MM
By Kristin Bentley Last Friday, Urban Visions Seattle Real Estate acquired a two-story parking garage on a 20,000-square-foot parcel in the city’s Pioneer...
Vulcan Looks To Build Residential High-Rise In Seattle’s Belltown After Acquiring Land Parcels For $22.9MM
By Kristin Bentley Seattle-based Vulcan Inc. purchased two parcels in Seattle’s Belltown neighborhood on the southwest corner of Fifth Avenue and Lenora Street...
Cabot Has San Francisco and Seattle on Targeted Markets for New Core Fund
By Jon Peterson Boston-based Cabot Properties will be looking to buy industrial properties in both San Francisco and Seattle for its new commingled...