Industry News
Report: Increased Office Vacancies Allow for Industrial Conversions as Demand in Sector Heightens
By Catherine Sweeney While office vacancies remain high, demand for industrial product across the nation only continues to intensify. Despite the challenges this...
Public Storage Buys Federal Way Asset for $23.35MM
By Meghan Hall Self-storage assets have become increasingly popular during the pandemic. In a stroke of irony, while many populations are sheltering in...
Machinist Inc. Sells Gear Works Building in Seattle’s South Park Neighborhood for $10.95MM
By Catherine Sweeney After being bought in 2018, the Gear Works building in Seattle’s South Park neighborhood is being sold again. According to...
SRM Development Buys Holiday Inn Express in Bellevue for $32.5MM
By Meghan Hall A Holiday Inn Express under construction in Bellevue has traded hands. According to public records, Spokane, Wash.-based SRM Development purchased...
Security Properties Acquires Lacey’s Martingale Apartments for $92MM
SEATTLE, Dec. 22, 2021 — On December 14, 2021, Security Properties purchased Martingale, a Class A multifamily property located in Lacey, WA for $92,000,000. Security...
Kamiak Real Estate Partners Sells Newly-Constructed Sora Apartments in Seattle’s University District for $16MM
15K + SF Fully-Leased 54-Unit Boutique Apartment Sold to AEKP Real Estate LLC Seattle, Wash. – Kamiak Real Estate Partners (Kamiak), a real estate firm...
RISE Properties Trust Acquires Sancerre Apartments in Kirkland for $49.5MM
(EDITOR’S NOTE: IPA’s Giovanni Napoli and Philip Assouad brokered the deal.) Company Closes Out Year with Nine Purchases Across the Pacific Northwest in...
Report: Retail Sector Sees Increased Demand for Grocery Stores as a Result of Shifting Consumer Habits
By Catherine Sweeney As many non-essential retail assets, including restaurants, were ordered to close to in-person services during the height of the COVID-19...
Madison at River’s Edge Apartments in Auburn Sells for $33MM
By Meghan Hall A multifamily community in the growing suburb of Auburn, Wash., has traded hands just before the end of the year....
MIG Real Estate Adds to List of Investors Targeting the Suburbs as Everett’s BluWater Apartments Trade for $54.5MM
By Meghan Hall The end of year has seen investor interest in Seattle’s northern suburbs skyrocket as a number of apartment deals have...
32-Unit Belmont Court Apartments in Seattle Sells for $15MM
By Vladimir Bosanac As 2021 comes to a close, a number of transactions are closing just in time to make the fourth quarter...
Sheldon Butte Complex in Eugene, Oreg., Sells for $35.75MM
JLL Capital Markets completed the sale of the 176-unit Sheldon Butte in Eugene, Oregon PORTLAND, Dec. 20, 2021 – JLL Capital Markets announced that...