Finance
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...
Los Angeles Pension Fund Doubles the Value on the Sale of Apartment in Renton
By Jon Peterson The Los Angeles County Employees Retirement Association has sold the 288-unit Pebble Cove Apartments in Renton for $49.5 million, or...
Empty Lenora in Seattle Snatched Up for $40MM
CWS Capital Partners is the reported buyer of the empty Lenora apartment building in downtown Seattle, according to Puget Sound Business Journal. The...
Bentall Kennedy to Have Single Owner, Continue to Target Seattle Investments
By Jon Peterson Toronto-based Bentall Kenndy Group is now planning to be owned by a single institutional capital source with yesterday’s announcement of...
Principal Green Fund Invests in New Project in South Lake Union
By Jon Peterson Des Moines, Iowa-based Principal Real Estate Investors has made an equity investment in a new office development in South Lake...
Kennedy Wilson Adds Major Exposure to Seattle with $78MM Investment in Vintage Housing Holdings
By Jon Peterson Los Angeles-based Kennedy Wilson has made a major increase to its holdings in Seattle with a $78 million equity investment...
Greystar Expands Seattle Presence with $128MM Kirkland Apartment Buy
By Jon Peterson Charlestown, S.C.-based Greystar has bought its first apartment property ever in the Kirkland market with the acquisition of the 496-unit...
UDR Plans for Higher Cap Rates by Buying Apartments Still in Development
By Jon Peterson Denver-based UDR will be able to achieve cap rates that are 50 to 125 basis points higher by buying apartments...
CalSTRS’ New Single-family Commitments to Target Seattle
By Jon Peterson California State Teachers Retirement System has approved $150 million worth of new commitments in real estate targeting single-family investment opportunities....
Seattle’s Waterfront Maritime Building Sold for $13MM
Beacon Capital Partners, a Boston-based real estate investment company, is the reported buyer of the 911 Western Avenue building in Seattle for $13.1...
PCCP Pays $39MM for Office Building in Bellevue
By Jon Peterson Los Angeles-based PCCP and San Francisco-based Align Real Estate have come together to pay $39 million or $356 per square...