Industry News
NorthMarq Completes $37.4MM Refinance of Glacier Run – Phase I in Puyallup
SEATTLE, WASHINGTON – Bob Spiro, managing director and Scott Moline, vice president of NorthMarq’s Seattle office arranged the $37.44 million refinance of Glacier...
Vulcan Formally Leases 2MM SQFT in Downtown Bellevue to Amazon
SEATTLE – Vulcan, Inc. today announced that it is underway with the development of two new office projects in the Bellevue CBD. The 555 Tower...
ICYMI: Construction Innovation
Brought to you by: ~ Disruptive trends and COVID-19 is accelerating the transformation of the construction industry. How fast will that occur and...
Small Apartment Sales Continue as Federal Way’s Providence Landing Complex Sells for $11MM
By Meghan Hall A number of small-scale apartment deals have closed throughout the Puget Sound in recent weeks, with another transaction in Federal...
Even Post COVID-19, Office Amenities Will Play Key Role in Attracting Tenants and Employees
By Meghan Hall Pre-pandemic, one of the greatest lures for tenants and employees were office amenities, so much so that in many cases...
PGIM Real Estate Arranges $482MM Fannie Mae Credit Facility for Six Sobrato Multifamily Assets
LOS ANGELES – PGIM Real Estate has arranged a $482 million Fannie Mae credit facility collateralized by six multifamily properties located on the West...
Home Builder Lennar Continues Puget Sound Expansion, Buys Tract of Land South of Puyallup for $20MM
By Meghan Hall Developers are grabbing tracts of land wherever they can in an effort to get ahead of the region’s development curve....
Gantry Arranges Nearly $6MM in Financing for Woodinville, WA Industrial Asset
SEATTLE (September 2, 2020) – Gantry, the largest independent commercial mortgage banking firm in the U.S., secured a $5,570,000 loan for UG216 in...
Lee & Associates Northwest Launches New Investment Division
September 01, 2020 (SEATTLE, WA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today the addition of...
Granite Awarded $24MM Design-Build Project in Bellingham, Washington
WATSONVILLE, Calif.--Granite (NYSE:GVA) has been awarded a $24 million design-build contract for the Interstate 5 (I-5) and State Route (SR) 11 Padden Creek...
The Housing Market Posts More Strong Gains—Pending Sales Up 20%, Prices up 11%
SEATTLE, Sept. 1, 2020 — (NASDAQ: RDFN) — The U.S. housing market heated up even more during the four-week period ending August 23 with...
Two Property Apartment Portfolio in Lake Stevens Trades for $12.75MM
By Meghan Hall Investment into multifamily product continues throughout the Puget Sound, even into smaller assets. In a transaction that closed yesterday, the...
