Industry News
Highland Arranges $30.77MM in Acquisition Financing for Delano Apartments in Redmond
Highland procured a $30.77 million permanent loan to fund the sponsor’s acquisition of Delano Apartments, a 126-unit multi-family property located in Redmond, WA (Seattle MSA). The...
After Stern Community Feedback, Project Team for 114-Unit Residential Project in Seattle’s Othello Neighborhood Presents More Muted Design
By Meghan Hall Both developers and architects often look for ways to make their projects stand out, sometimes with limited success. For Bellevue-based...
Is Tacoma Getting an Amazon Office Outpost?
By Vladimir Bosanac In a move that could transform the second-largest Puget Sound city, Amazon is taking a look at Tacoma to lease...
DivcoWest Reaches $2.1B of Equity Raise for New Commingled Fund
By Jon Peterson San Francisco-based DivcoWest Properties has reached a total equity raise so far of $2.1 billion for its commingled fund DivcoWest...
Late-Summer Housing Market is Unseasonably Hot, Prices Up 10% and Pending Sales Up 13%
46% of homes had an accepted offer within the first two weeks on the market, the highest level since at least 2012 SEATTLE, Aug....
Residential Refinance Mortgages Make Up Nearly Two-Thirds of Home Loans in Q2 2020
Homeowners Refinance Loans at Highest Level in Seven Years;Dollar Amount of Refinancing at 17-Year High;Purchase and Home Equity Lending Down From Second Quarter...
Panattoni Development Buys Tacoma Industrial Development for $16.8MM
By Meghan Hall Panattoni Development Company, one of the largest private development companies in the world, continues to wheel and deal in Tacoma....
Mayor Durkan Extends Moratoriums on Evictions of Commercial, Nonprofit, and Residential Tenants Through the End of the Year
Office of Economic Development Provides Additional 72 Small Businesses With $10,000 Grants in Third Round of Small Business Stabilization Fund Seattle – Mayor Jenny...
NMHC Rent Payment Tracker Finds 86.9 Percent of Apartment Households Paid Rent as of August 13
The NMHC Rent Payment Tracker is powered by Entrata, MRI Software, RealPage, ResMan and Yardi Washington, D.C. – The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.9...
Glencrest Group Procures $12.81MM Acquisition Loan for Briggs Village Apartments
SEATTLE – CBRE announced the sale and financing of Briggs Village Apartments, a 72-unit, new construction multifamily property located at 4225 Briggs Drive...
Kennedy Wilson Launches 3 Residential Projects in Puget Sound Region, 1,965 Units in Total
Growing West Coast platform will total nearly 10,000 affordable units for seniors and families by 2022 BEVERLY HILLS, Calif. – Global real estate...
Local Tide Debuts Food and Waits Patiently to Reveal New, Modern Restaurant Space
By Meghan Hall Local restaurateur Victor Steinbrueck has worked for several years on the creation of Local Tide, a new fast casual seafood...