Industry News
$24MM Construction Loan Secured for 124-Unit Multifamily Expansion in Portland Metro Suburb
PORTLAND, Ore. – June 30, 2022 – CBRE has arranged $23.9 million in construction financing for the development of South Ridge – East Apartments...
Champion Real Estate Company Acquires Land Near University of Washington for $7.3MM With Plans to Develop 110-Unit Student Housing Property
SEATTLE, Wash. — Champion Real Estate Company (“Champion”), announced today that it has acquired .33 acres of land near University of Washington in...
62-Unit Apartment Community in Olympia Sells for $21.25MM
Seattle, WA – Crescent Point, a 62-unit apartment community in Olympia, WA has traded for $21.25 million ($342K per unit), according to Ryan...
Pacific Urban Buys 172-Unit Apartment Building in Seattle for $90MM
By Catherine Sweeney Not long after it was acquired in 2019, the Jacobson Company is selling off its 172-unit apartment complex in Seattle’s...
204-Unit Residential Project in Beacon Hill Unanimously Approved at DRG Meeting
By Jack Stubbs Seattle’s Beacon Hill neighborhood – a primarily residential neighborhood south of the city’s downtown core and just east of I-5...
Goodman Real Estate Sells 100-Unit Apartment Building in Tacoma for $21.15MM
Seattle, Wash. – Coventry Court IV Apartments, a garden-style apartment totaling 100 units located at 908 76th Street Court East in Tacoma, Washington,...
Deal Investments’ 179-Unit Residential Project in Seattle Moves Forward in Design Review Process
By Catherine Sweeney A residential building planned for Seattle’s Ballard neighborhood is moving along in the Design Review process following an Early Design...
Washington State Investment Board Allocates new $750MM to Calzada Capital Partners
By Jon Peterson The Washington State Investment Board (WSIB) is looking to allocate additional funds into the real estate sector with an investment strategy...
Brasa Capital Management Closes Second Investment Fund at $450MM
Los Angeles – Minority-owned, emerging real estate investment manager, Brasa Capital Management LLC (“Brasa”), has successfully closed Brasa Real Estate Fund II, LP...
244-Room Hotel Planned for Seattle’s Yesler Terrace Neighborhood
By Catherine Sweeney An 11-story hotel is being planned for Seattle’s Yesler Terrace neighborhood. In an early design guidance (EDG) meeting last week...
Lucid Motors Opens First Retail Location in the Pacific Northwest at University Village in Seattle
Grand Opening to take place on Saturday, June 25, at 10 a.m. PDT NEWARK, Calif., June 24, 2022 — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest...
2.7-Acre Development Site in Woodinville, Wash. Sells for $19MM
Seattle, Wash. – A 2.7-acre mixed-use development site situated inside Woodinville’s latest master-planned community, Harvest, sold last month to a national development company....
