Skanska’s Future Plans for Bellevue Made Clearer with $18.8MM Acquisition of New Development Site
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By Meghan Hall
Skanska continues to make plans in Bellevue as the Eastside’s construction boom carries on. In a deal that closed this week,...
$55.2MM of Permanent Financing Secured for Seattle’s 197-Unit Rooster Apartments
Fixed Rate 10-Year Life Company Loan Refinances Stabilized 197-Unit Class A Multifamily Property; Multifamily Mortgage Capital Availability Remains High with Rates Still Holding at...
Blackstone Real Estate to Acquire PS Business Parks for $7.6B
GLENDALE, Calif. and NEW YORK--PS Business Parks, Inc. (NYSE:PSB) (“PSB” or the “Company”) and Blackstone (NYSE:BX) today announced that they have entered into a...
Oregon Pension Fund Expands Relationship with Abacus Capital with New $400MM Allocation for Multifamily...
By Jon Peterson
Pension funds across the country like the multifamily market, and when given a chance, some are looking to extend their commitment into this...
Hines Buys Single-Tenant Asset in Portland’s Silicon Forest for $39MM
(EDITOR’S NOTE: According to a source familiar with the deal, the building sold for about $39 million, or about $184 per square foot).
JLL Capital...
Merlone Geier Sells Marysville Retail Center for $25.3MM
By Meghan Hall
San Diego, Calif.-based Merlone Geier has sold off another one of its Puget Sound retail assets. In a deal that closed April...
Security Properties Sells Tacoma Multifamily Asset for $54MM
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By Meghan Hall
One of the largest owners of multifamily real estate in the country has sold off a local asset. In a deal...
Harbor Custom Development, Inc. Lists Six Puget Sound Multi-Family Projects for $278MM
Tacoma, Washington, April 21, 2022 -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative...
SeaTac’s Innsbruck Apartments Sells for $6.9MM
SEATTLE, Wash. –April 20, 2022 – Colliers is pleased to announce the sale of Innsbruck Apartments in SeaTac, Washington for $6,900,000 ($222,580 per unit)....
$85.5MM Construction Loan for 252-Unit Apartment Development in Shoreline, Wash.
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Seattle – April 20, 2022 – CBRE facilitated a $85.5 million construction loan for Ion, a 252-unit Class A apartment community in Shoreline, Wash.
Bill Chiles, Scott...
