Industry News
KBS Strategic Opportunity REIT Sells Portfolio of 11 Properties for $804MM
Distinctive Office REIT with Investment Properties in Key US Growth Markets to be Offered through Newly Formed Singapore Real Estate Investment Trust NEWPORT...
Sonnenblick-Eichner Company Arranges $35MM of First Mortgage Financing for the Inn at the Market, Seattle, Washington
BEVERLY HILLS, Calif., Nov. 28, 2017 – Sonnenblick-Eichner Company has arranged $35,000,000 of first mortgage financing for the iconic 76-room luxury boutique Inn...
CBRE Arranges $15MM Sale Of Hawaiian Village Community In Kennewick, WA
Portland, Oregon — November 27, 2017 — CBRE Capital Markets has arranged the sale of the Hawaiian Village apartments, a 192-unit community located...
The Andover Company Announces over 150,000 SQFT of Deals Across Puget Sound Region
Seattle, WA – The Andover Company/CORFAC International announced the closing of 16 deals covering over 153,761 square feet over 30 days: 10 industrial...
Facebook (Still) Letting Housing Advertisers Exclude Users by Race
By Julia Angwin, Ariana Tobin and Madeleine Varner In February, Facebook said it would step up enforcement of its prohibition against discrimination in...
Kennedy Wilson Acquires 343-Unit Apartment Community in Issaquah for $135MM
Washington multifamily portfolio now totals over 10,000 units BEVERLY HILLS, Calif.-Global real estate investment company Kennedy Wilson (NYSE:KW) (“KW”) has acquired Atlas, a...
Walls Tilted for North Auburn Logistics Industrial Facility
AUBURN, Wash. – Alston Construction recently tilted the walls for Panattoni Development Company’s North Auburn Logistics project in Auburn. The 261,553 square foot...
Kennedy Wilson Completes $304MM of Asset Sales in Bay Area and Ireland, Plans to Acquire 996 Units in Pacific Northwest
Proceeds from sale of San Francisco Bay Area apartments and Dublin, Ireland office will be used to acquire 996 units across four multifamily...
Seattle City Light Selects Cushman & Wakefield to Market 8th & Roy Property in Seattle’s South Lake Union
Landmark building provides extraordinary redevelopment opportunity in red hot South Lake Union. SEATTLE – Seattle City Light selected Cushman & Wakefield to market...
Walker & Dunlop Closes $22MM Loan for Pure Apartments near Microsoft HQ in Redmond
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announces that it recently completed a $21,625,000 refinancing for Pure Apartments, a Class A property...
153-Room Hampton Inn Southcenter Hotel in Seattle Sells for $17MM
(EDITOR’S NOTE: According to public documents, the transaction closed for $17 million at 9 percent cap rate, or $111,111 per room. The buyer...
NKF Completes $35.75 Million Sale of Vacant I-90 Bellevue Campus in Bellevue, WA
Seatle, WA (November 6, 2017) — Newmark Knight Frank (NKF) has completed the $35.75 million sale of I-90 Bellevue Campus. The transaction includes...