Industry News
The Velmeir Companies Purchases 5,000 SQFT Building in Seattle for $10.9MM, Plans Mixed-Use Development
By Kate Snyder A real estate development firm that has long been planning a mixed-use project in Seattle’s Madison Valley neighborhood has purchased...
Fairfax Financial Partners With Kennedy Wilson to Acquire $2B Loan Portfolio from Pacific Western Bank
TORONTO — Fairfax Financial Holdings Limited (TSX:FFH and TSX:FFH.U) is pleased to announce that it has agreed with Kennedy-Wilson Holdings, Inc. (“Kennedy Wilson”)...
US Lenders Ready for Possible Losses in Portfolios, Prepare to Offload CRE Loans, Even Performing Ones
By The Registry Staff Certain US banks are preparing to sell loans tied to real estate assets at a discounted price, even when...
Podcast: Chris Maguire, CEO of SRS Real Estate Partners
Welcome back, listeners! You’re tuned into The Real Perspectives Podcast, the podcast where we dive deep into the world of real estate and...
Timberlane Partners Acquires 143-Unit ‘Little Tuscany’ Apartment Building in Olympia for $37MM
Acquisition of 143-Unit Apartment Building in South Westside Neighborhood Marks Company’s First Purchase for New Timberlane Acquisition Fund Seattle, WA, June 1, 2023...
Portland General Will Invest $150MM In Hillsboro Battery Energy Storage Project
Portland, Ore. — Portland General Electric Company (NYSE: POR) today announced the procurement of the Evergreen battery energy storage system, a new 75-MW...
Intracorp Purchases 61,000 SQFT Office Building in Bellevue for $18MM
By Kate Snyder A vacant office building in Bellevue’s Eastgate neighborhood traded hands recently, signifying that investors continue to be attracted to the...
JP Morgan to Close 21 First Republic Branches, Nearly a 1/4 of Total
By The Registry Staff JP Morgan will soon be offloading a number of branches affiliated with the troubled First Republic Bank that the...
Construction to Begin on O.Z. Navigator’s 202-Unit Multifamily Project in Seattle’s Chinatown-International District
By Kate Snyder Groundbreaking for a mixed-use building in Seattle’s Chinatown-International District is slated to begin this summer, according to industry reports. Plans...
Blackstone Real Estate Fund Facing Substantial Redemption Requests
By The Registry Staff Blackstone’s retail real estate fund, valued at $69 billion, experienced a seventh consecutive month of limited investor withdrawals in...
CNBC: Ivanhoe Cambridge CEO on Return to Office and Commercial Real Estate Stress
Nathalie Palladitcheff, Ivanhoe Cambridge CEO, joins ‘Squawk on the Street’ to discuss the state of the global real estate market and corporate real...
Simon Breaks Ground on 167-Room Residence Inn by Marriott as Part of Northgate Station Development in Seattle
SEATTLE, May 31, 2023 — Simon®, a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced construction has commenced on...
