Industry News
JLL Announces Acquisition of Building Operations Tech Company Building Engines for $300MM
Acquisition to expand reach and extend open ecosystem of advanced property management platform for real estate investors and operators CHICAGO, Oct. 21, 2021 – JLL...
Security Properties Buys Kent’s Midtown 64 Apartments for $141.1MM
By Meghan Hall Security Properties has once again added to its already prolific Washington property portfolio. In a deal that closed yesterday, the...
WeWork, BowX Acquisition Corp. Announce Closing of Business Combination to Create Publicly-Traded Flexible Space Provider
WeWork to begin trading on the New York Stock Exchange under the ticker symbol “WE” starting October 21, 2021 Business combination that closed...
As Designs for New 10-Story Office Building in South Lake Union Take Shape, Review Board Asks: “What About Lab Space?”
By Meghan Hall Another new office project is in the works in Seattle’s South Lake Union neighborhood, adding to change in the area....
Newmark Hires Mike Smith as Northwest Market Leader
San Francisco, CA — Newmark¹ announces it has hired Mike Smith as Executive Vice President and Market Leader of its U.S. Northwest region. Smith, who takes...
Seattle’s Northgate Executive Center Trades Hands, Sells to Nicola Wealth for $72.3MM
By Meghan Hall Assets around the Puget Sound continue to trade hands. In another deal, Seattle’s Northgate Executive Center sold for $72.3 million,...
Work to Begin on 115,000 SQFT Resort Hospitality Project in Orondo, Wash.
Inn & Spa at Rocky Pond Project to Leverage GenCap’s Strong Hospitality Talent and Integrated Project Delivery Services as Growing Firm Continues to Expand Kirkland,...
Prologis Buys Seattle Nissan Dealership for $18.425MM
By Meghan Hall San Francisco-based real estate investment trust Prologis has made another acquisition in Seattle, adding to its Puget Sound portfolio. According...
Entity Affiliated with DWS Sells Tower 801 Apartments in Seattle for $64MM
By Meghan Hall After just over two years of ownership, a major institutional investor has traded away an apartment asset located in downtown...
Bellwether Continues Acquisitions, Buys Marina Club Apartments in Des Moines, Wash., for $21MM
By Meghan Hall Bellwether Housing is continuing to build on its mission to provide affordable and stable communities across the Pacific Northwest. In...
Cityview Seeks $400MM in Commitments for Multifamily Commingled Fund
By Jon Peterson Institutional capital has been very interested in multifamily housing, and by all indications it appears that this trend will continue...
Climate Pledge Arena Receives Certificate of Occupancy
Teams can now move in and prepare for first events SEATTLE – (October 18, 2021) – Mortenson today announced it has received the Certificate of...
