CalPERS Allocates $2B of Additional Capital for Retail Partnership with First Washington
By Jon Peterson
While the retail sector has been one of the hardest hit during the global COVID-19 pandemic, there are signs that perhaps the worst...
Three Tacoma Apartment Deals Fetch $73MM in Combined Sales and $57.7MM in Financing
BELLEVUE, Wash., IRVINE, Calif. and SEATTLE – June 15, 2022 – Berkadia announced today the $73.425 million in combined sales and the $57.72 million in...
Kaylan Hospitality Sells 154-Room Hilton Garden Inn in Lynnwood for $31.8MM 
By Catherine Sweeney
Following a long pause in travel during the onset of the COVID-19 pandemic, hospitality properties across the Puget Sound have since picked...
PEF Advisors Closes $100MM Affordable Housing Investment Fund
IRVINE, Calif. – June 7, 2022 – Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing...
Cadman Materials Offers up for Sale Site in Bellevue with Potential Pricing of $120MM...
By Jon Peterson
The recent activity in commercial development across the Eastside has provided opportunities for owners to explore selling excess land parcels. Redmond-based Cadman Materials...
Security Properties Acquires Tualatin, OR River Ridge Apartments for $70MM
SEATTLE, June 14, 2022 -- On June 9, 2022, Security Properties purchased River Ridge, a Class A multifamily property located in Tualatin, OR for $70,000,000 ($388,888 per unit). Security Properties now...
Security Properties Receives $115MM Construction Financing for Mixed-Use Development in Seattle’s Belltown Neighborhood 
SEATTLE, Wash., –– Cushman & Wakefield announced the firm served as the exclusive advisor to Security Properties, Inc. in the procurement of a $65,160,000...
Lift Partners Acquires 49,280 SQFT Bear Creek Center in Woodinville for $14.3MM
By Catherine Sweeney
Recently announcing the close of its third discretionary fund, San Francisco-based Lift Partners is continuing to grow its presence in the Puget...
Prologis to Combine with Duke Realty in $26B All-Stock Transaction
SAN FRANCISCO and INDIANAPOLIS -- Prologis, Inc. (NYSE: PLD) and Duke Realty Corporation (NYSE: DRE) today announced that the two companies have entered into...
Basel Capital Announces Closing of $57.3MM Construction Loan For 58-Unit Bellevue Luxury Townhome Community Cambridge...
SEATTLE (June 13, 2022) - Basel Capital today announced it has successfully closed on $57.3 million in construction financing for Cambridge Manor, its 58-unit multi-family project...
