Industry News
91-Unit Indigo Apartments Hits Market in Tacoma for $9.8MM
A fully renovated 91-unit apartment community in Tacoma has hit the market for $9.8 million, giving investors a below-replacement-cost entry point in a...
Trimark Property Group Sells 42,000 SQFT Eastside Office Center for $13.89MM in Bellevue
MJMS Bellevue pays $13.89 million for the fully leased Eastside Office Center as I-90 corridor vacancy holds above 40 percent.
Larson Automotive Affiliate Pays $11.3MM for Infiniti of Tacoma at Fife Dealership Property
A Larson Automotive Group affiliate paid $11.3 million for the Infiniti of Tacoma at Fife dealership property, records show.
Tumwater Advances $18MM Southeast Water Reservoir to Unlock Residential Growth in Thurston County
The city of Tumwater has pushed its long-planned Southeast Water Reservoir to the 90 percent design mark, a 3-million-gallon tank and multi-mile water...
Issaquah’s Real Estate Tax Fund Heads for Deficit by 2029 as City Bets $7.5MM on Transit-Oriented Housing
Issaquah's finance staff have flagged that the revenue streams tied most directly to the local real estate market are weakening at the same...
Barry Gosin to Step Down as Newmark CEO After Nearly Five Decades; Board Targets Successor by Year End
Barry Gosin, who built Newmark from a regional brokerage into one of the fastest-growing publicly traded commercial real estate firms in the world,...
Brookfield Lands $210MM Refinancing on Meta-Leased Bellevue Offices as KBRA Values 543,000 SQFT Complex 33% Below Appraisal
Brookfield Premier Real Estate Partners is refinancing two Spring District office buildings fully leased to Meta with $210 million in new CMBS debt,...
Ardent Companies Acquires Loan on Steinhauer’s Pioneer Square Tower-and-Hotel Complex in $107MM Seattle Recapitalization
County records show that Atlanta-based The Ardent Companies has taken over the mortgage tied to Seattle's 255 South King Street complex, home to...
American Capital Group Moves Forward with 449-Unit Mixed-Use Tower in Bellevue’s Wilburton Neighborhood
American Capital Group is seeking design review and critical-area variances to build 449 apartments, including 90 affordable units, on a steeply sloped former...
Realty Income Affiliate Buys 30,000 SQFT Tesla Collision Site in Tacoma for $18.4MM
Realty Income's institutional net-lease fund paid $18.4 million for the purpose-built Tesla collision facility, more than doubling what Drake Real Estate Services spent...
Bellwether Housing Files Plans for 126-Unit Affordable Housing Development in Bellevue’s Wilburton
Bellwether Housing has submitted design review plans for an eight-story, 126-unit development at 12000 NE Bellevue-Redmond Road, advancing a city-backed affordable housing project...
Urban Development Partners’ Mixed-Use ‘The George’ Lists for $14.5MM on Portland’s NW 23rd Avenue
The George, a mixed-use property anchored by Snow Peak's flagship store, has hit the market for $14.5 million on Portland's NW 23rd Avenue.
