Industry News
L5 Investments Acquires 97-Unit Montrose Apartment Community in Burien for $15.35MM
Seattle, WA, May 1, 2018 – L5 Investments (L5) has acquired Montrose Apartment Community for $15.35 million. The 97-unit property is located at...
CBRE Arranges $11.3MM in Financing for The Commons At Innovation Center in Richland, WA
SEATTLE, WA (April 30, 2018) – CBRE Capital Markets’ Debt & Structured Finance team has secured financing for The Commons at Innovation Center,...
Newmark Arranges $29.5MM Loan for Two Office Buildings in Bellevue
SEATTLE, WA – Newmark®, the largest independent commercial mortgage banking firm in the U.S., has secured $29.5 million in financing for two office...
Deepened Landlord Concessions Continue to Lower Effective Rent in Most Major US Cities, but Office Tenants in Tech-Centric Markets Face Less Favorable Terms, Savills Studley Report Shows
Newly Varied National Picture Shows Contrast Between Old and New Markets as NYC, DC See Unprecedented Improvement Allowances While Rents Rise in Seattle,...
Prologis to Acquire DCT Industrial Trust for $8.4 Billion
(EDITOR’S NOTE: The cap rate on th proposed sale is 4.4 percent as was stated in the call. Also, the plan by Prologis...
RISE Properties Trust Acquires 241-Unit Rainier Pointe Apartments in Fife for $39.5MM
Fife, Wash., April 26, 2018 — RISE Properties Trust (“RISE”) (www.risepropertiestrust.com), a Canadian-based real estate trust, today announced their purchase of the Rainier...
UW Pacific LLC Acquires Pacific Apartments in Seattle’s University District for $6.85MM
Seattle, WA (April 24, 2018) – While the trend seems to favor redevelopment over reinvestment, not every building in Seattle’s rezoned University District...
CBRE Begins $125MM Capitalization for Koda Condominiums
SEATTLE – April 23, 2018 – CBRE Capital Markets’ Debt & Structured Finance team has been exclusively engaged to capitalize the $125 million...
Optimus Gledhill Partners LLC Acquires 43-Unit Queensview Apartments in Burien for $5.16MM
(EDITOR’S NOTE: the sales price for the property was $5,161,000, or approximately $120,023 per unit, according to public documents filed with King County)....
LBA Realty Buys Tukwila and Kent Industrial Buildings for $14.5MM
Tukwila and Kent, WA (April 18, 2018) – Industrial properties are hot commodities in the surging Puget Sound, WA institutional investment market, and...
The ‘Heron Flats + Lofts’ Opens in Downtown Redmond: Modern 95-Unit Apartment Building by MainStreet Property Group One of Only Six LEED Platinum-Certified Projects in State
High-End and Eco-Friendly: Sleek, Modern Residential Apartment Building Provides Distinctive Amenities Within Walking Distance of Nearby Parks, Restaurants and Retail at Redmond Town...
Hunt Mortgage Group Refinances Two Multifamily Properties Located in the Seattle, Washington Area
Two Freddie Mac Small Balance Loans Total $7.4 million NEW YORK, April 18, 2018 – Hunt Mortgage Group, a leader in financing commercial...