Industry News
PropTech: As the Pandemic Increases Economic Uncertainty, Jetty Helps Tenants Increase Liquidity
By Meghan Hall Even prior to the current pandemic, renters across the nation facing cost burdens as rising rents continued to outpace increases...
Rubicon Point Partners Targets $250MM Capital Raise for Commingled Fund to Invest in Bay Area and Pacific Northwest
By Jon Peterson San Francisco-based Rubicon Point Partners is now out in the market raising capital for its commingled fund known as Rubicon First...
Puget Sound’s Apartment Supply and Demand Imbalance Most Dominant Trend of 2020
By Meghan Hall After several years at a full sprint, the Puget Sound multifamily market has paused to catch its breath. While nearly...
NorthMarq Completes $9,850,000 Acquisition Financing of The Fulton Apartments in Renton
SEATTLE, WASHINGTON (December 3, 2020) – Jake Leibsohn, vice president of NorthMarq’s Seattle-based regional office arranged the $9,850,000 acquisition financing of The Fulton Apartments on behalf...
Shorenstein Pays $17MM for South Lake Union Office Development Site in Seattle
By Jon Peterson San Francisco-based Shorenstein Properties has paid $17 million to acquire the office building development site in South Lake Union located at...
Blackstone Continues Puget Sound Investment, Buys Five Apartment Communities for Combined $223.5MM
By Meghan Hall It has been a busy season for private equity investment firm Blackstone, who has closed on a number of property...
Vacation Rental Revenues Halved Amid COVID-19 Crisis, Entire Industry to Lose $35B in 2020
By Jastra Kranjec Over the years, the vacation rental industry became a huge business, with millions of tourists choosing fully furnished homes or...
PropTech: Cornerstone Permit and Moxtra Join Forces to Maintain Connections with Clients in a New Way
By Meghan Hall As the pandemic hit, some businesses in the real estate industry noticed a decline in activity and required companies to...
New Residential Project Proposed for Seattle’s Mount Baker Neighborhood Faces Unique Design Challenges at Review Meeting
By Meghan Hall A 288,000 square foot apartment project proposed in Seattle’s Mount Baker neighborhood has worked to overcome a project-altering hurdle during...
New Blackstone Life Science Fund Has Nearly 1/4 of Its Properties in San Francisco & Seattle
By Jon Peterson New York City-based Blackstone is now marketing its Blackstone BioMed Life Science Real Estate fund to investors. The portfolio in this...
CenterPoint Purchases Port-Proximate Seattle Distribution Facility for $9.8MM
(EDITOR’S NOTE: According to public records, the property sold for $9.8 million. The seller was affiliated with Triple H Development, LLC, based in...
Sack Properties Acquires Chateau Woods Apartments in Woodinville for $45.75MM
(EDITOR’S NOTE: According to public documents, the seller was an entity associated of BPM Real Estate Group out of Portland, Ore., and the...