Industry News
Seattle Auto Dealership Shop Leased by Chrysler Trades for $10MM
By Meghan Hall Despite a general slowdown the commercial real estate market as of late, deals do continue to close. In one such...
Novogradac Opportunity Funds Report Shows More than $15 Billion in Investment
Equity Jumps More than $3 Billion Since August; Residential, Commercial Top Areas SAN FRANCISCO, Feb. 3, 2021 /PRNewswire-PRWeb/ — Equity raised by qualified...
Kenneth M. Novack Elected Chairman of BRIDGE Housing
SAN FRANCISCO, CA, February 1, 2021–Kenneth M. Novack has been elected Chairman of the Board of Directors of BRIDGE Housing, a leading nonprofit...
Trent Development Plans $105MM Project on Tacoma Opportunity Zone Site
Bringing Community Oriented, Workforce Housing to the Hilltop (EDITOR’S NOTE: According to public documents, Trent Development paid $7 million for the property. The...
Oregon Pension Fund Creates $200MM Life Science Co-investment with Harrison Street, Targets Seattle Assets
By Jon Peterson Oregon Public Employees Retirement Fund has formed a co-investment relationship with Chicago-based Harrison Street Real Estate Partners to invest in life...
Align Finance Partners Provides $14MM in Financing for Rainier Place Student Housing Complex in Seattle
Transaction Details Loan Amount: $14.4 Million Loan Type: Refinance/Bond Acquisition Loan Term: 5 years Property Type: Student Housing Lynnwood, Washington, January 27, 2021...
Seattle, King County, and Washington State Explore Bridge Loans to Sustain Washington State Convention Center Addition Project
Loans needed to help project overcome coronavirus-induced financing gap SEATTLE – January 27, 2021 – In a letter to the Washington State Convention...
Mayor Durkan Announces Plans to Restart $23.7MM in Transit and Infrastructure Projects
Seattle (February 1, 2021) – Mayor Jenny A. Durkan has announced a proposal to invest $23.7 million in funding back into an array of transit service...
Rare Capitol Hill Apartments with Development Potential Sells for $4.5M
Seattle, Wash. (February 1, 2021) – A multifamily property located at 433 Bellevue Avenue East in Seattle’s Capitol Hill neighborhood has sold for...
Newmark to Acquire Assets of Flex Office Provider Knotel
(EDITOR’S NOTE: The news comes several years after Knotel announced a $25 million round of Series A funding that closed in 2017. According...
Elion Partners Acquires Close-In Seattle Industrial Facility for $27.65MM, Expanding Newly-Formed Puget Sound Portfolio
By Meghan Hall A new investor has come to play in the Seattle industrial market, one that is expanding quickly with a number...
Senior Living Facilities Continue to Change Hands as Healthpeak Sells Two Sunrise Communities for ~$28MM
By Meghan Hall In the spring of 2020, Seattle’s senior living communities made headlines as the source of the nation’s first COVID-19 outbreak....