Industry News
BehringCo.: West Coast’s Location Paradigm not “Bulletproof,” CRE Industry Must Find Alternative Ways to Maintain Project Value
By Meghan Hall After 60 years and three generations in commercial real estate, San Ramon, Calif.-based BehringCo. has watched West Coast-based markets rapidly...
168-Unit Apartment Complex Planned for Seattle’s Capitol Hill Neighborhood Passes Final Design Review
By Meghan Hall A residential development slated to rise in Seattle’s Capitol Hill neighborhood is finally moving forward after several rounds of review...
Tremont Mortgage Trust Closes on Bridge Loan to Finance $19MM Acquisition of Parallax Apartments in Portland
(EDITOR’S NOTE: According to public records that just recently recorded, the sale of the asset closed on July 30, 2021. The complex sold...
Calvera Closes $31.6MM U.S. Multifamily Value-Add Investment Fund
San Francisco — Calvera Partners, a national real estate investor and operator, is pleased to announce the closing of its latest multifamily value-add...
Design Review Board Recommends 8-Story Apartment Building in Seattle Advance to Recommendation Phase
By Bekka Wiedenmeyer North Beacon Hill, a Seattle neighborhood located close to Interstate 90, has experienced a number of transitions over the years....
Ziegler Closes $154.6MM Bond Financing for Terwilliger Plaza in Portland
CHICAGO, IL – SEPTEMBER 2, 2021 – Ziegler, a specialty investment bank, is pleased to announce the closing of Terwilliger Plaza’s $154,620,000 Series 2021A, Series 2021B and 2021C Bonds issued...
Virtu Investments Buys Blu Bellevue Apartments for $109MM
By Meghan Hall Another Puget Sound apartment complex has traded hands. In a deal that closed on September 2nd, the Blu Bellevue Apartments...
59-Unit Development Site in Seattle’s Belltown Hits the Market
Seattle, WA (September 7, 2021) – GEM Real Estate Partners has placed its Belltown development project, First & Bell, on the market for...
Columbia Property Trust to Be Acquired by Funds Managed by Pacific Investment Management Company LLC in a $3.9B Transaction
NEW YORK & NEWPORT BEACH, Calif.–Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has entered into a definitive agreement to be acquired...
Terreno Realty Corporation Secures 57,000 SQFT of Lease in Seattle
(EDITOR’S NOTE: Terreno paid $42 million in 2017 for Sodo Row, previously occupied by Sears as a parts and service center. The asset...
The McClatchy Company, Owner of The News Tribune, Sells Tacoma Office Building for $15.5MM
By Meghan Hall The second largest newspaper in Washington State has sold its home. In a deal that closed just before the end...
Skanska USA Commercial Development Announces New Chief Financial Officer
Washington, D.C. – Skanska, a global development and construction firm, today announced the appointment of Pablo Rabagliati to Chief Financial Officer (CFO). As a...
