Industry News
RISE Properties Trust, Oaktree, Acquire The Village at Ten Trails Apartments in Black Diamond for $68MM
(EDITOR’S NOTE: According to King County public records, the asset sold for $68 million, or about $386,363 per unit. The seller was an...
Boeing’s Longacres Campus in Renton, Wash., Sells for $100MM
By Meghan Hall Boeing has completed the disposition of a number of its Puget Sound assets, and now, it has sold the final...
CREC and Westland Investors Acquire Seattle-Area Multifamily Community for $15.45MM
(EDITOR’S NOTE: According to Snohomish County public records, the asset sold for $15.45 million, or about $211,643 per unit. The deal was finalized...
$25.6MM Financing Secured for Affordable Housing Property in Seattle
PORTLAND, Ore. – Berkadia announced today the financing secured for Heartwood, a to-be-built eight-story, midrise multifamily property in Seattle, Washington. Managing Director Fred Dockweiler...
Podcast: Bill Galipeau, CFO @ BKM Capital Partners
Bill Galipeau is BKM Capital Partners’ new Chief Financial Officer. Joining the organization from his role as EVP and Head of Investment Operations at...
Investor Interest in Suburban Multifamily Properties Shows as Everett Apartment Complex Sells for $76MM
By Meghan Hall The pandemic has altered the way investors think, and more than ever, suburban multifamily properties are capturing attention. A number...
Kennedy Wilson Spends $121MM on 348-Unit Tigard Apartment Property
(EDITOR’S NOTE: The seller of the 348-unit community was Seattle-based Security Properties.) BEVERLY HILLS, Calif. (December 17, 2021) – Kennedy Wilson Fund VI (“Fund...
Clarion Partners Spends $105MM to Purchase Puyallup Industrial Asset
By Meghan Hall It’s been a big week for commercial real estate in Puget Sound, and the deals keep rolling in. In yet...
North Seattle Parcel Slated for 121-Unit Future Multifamily Development Sells for $8MM
SEATTLE – Dec. 17, 2021 – CBRE announced the $8 million sale of a land parcel located in north Seattle’s Fremont neighborhood to Kamiak,...
Hillsboro’s Tanasbourne Commerce Center Attracts Foreign Investor, Sells for $33.85MM
By Meghan Hall Portland’s commercial office market has not been immune to the impacts of the COVID-19 pandemic. However, momentum continues to build,...
Washington Maritime Blue Declared Finalist for $1 Billion Build Back Better Regional Challenge
Washington Maritime Blue was chosen from more than 500 nationwide applicants for initial funding and is the only finalist from Washington state to...
Alexandria Makes Entrance into Bellevue Market, Spends $77.5MM on Business Park
By Meghan Hall Pasadena, Calif.-based Alexandria Real Estate Equities has acquired or developed a number of properties throughout the Puget Sound over the...