Residential
Heitman to Earn Low Four Cap Rate on Dimension Acquisition
By Jon Peterson Chicago-based Heitman will be achieving a 4.2 percent cap rate on its purchase of the 298-unit Dimension by Alta apartment...
Berkshire To Seed New Investment Fund with Assets in San Jose and Seattle
By Jon Peterson Boston-based The Berkshire Group has seeded its new investment fund with properties in San Jose and in the Seattle area,...
TruAmerica Buys Four Assets in Seattle for $121MM
By Jon Peterson Los Angeles-based TruAmerica Multifamily has acquired four apartment properties in the Seattle area for $121.45 million or $151,000 per unit....
Waterton Pays $80MM for Apartment in Mountlake Terrace
By Jon Peterson Chicago-based Waterton Associates has paid $80.5 million or $157,000 per unit to buy the 512-unit Taluswood Apartments in Mountlake Terrace,...
TruAmerica Pays $36MM to Buy Apartment in Renton
By Jon Peterson Los Angeles-based TruAmerica Multifamily paid $36.75 million or $181,000 per unit to buy the 202-unit Windsor Apartment Homes in Renton....
Belltown’s Dimension Building Sells for $144MM
Chicago-based real estate investment management firm Heitman has been named as the buyer of the Dimension apartment building in Seattle’s Belltown area. The...
Greystar Earns Low to Mid Four Cap Rates on Two Apartment Deals in Fremont
By Jon Peterson Charleston, S.C.-based Greystar Real Estate Partners has bought two apartment properties in the Fremont sub-market of Seattle at cap rates...
Pacific Urban Residential Gets New $387MM Commitment from CalPERS
By Jon Peterson Palo Alto-based Pacific Urban Residential has received a new $387 million equity allocation from the California Public Employees Retirement System...
Apartment Development Site Sold in Queen Anne for $3.7MM
By Jon Peterson Seattle-based Briarbox has paid $3.7 million to buy an apartment development site in the lower Queen Anne/Uptown submarket in Seattle...
Belltown’s Natasha Project Site Sells for $8MM
JDA West has been named as the buyer of 2134 Western Ave. half-acre site in Seattle’s Belltown area. The half-acre site will house...
Robust Puget Sound Job Growth Drives Real Estate to Boomtown Pace
By Neil Gonzales It’s no secret that where there’s job growth there’s development, and Puget Sound has plenty of both. “Clearly, job growth...
Development Ratchets up in South Lake Union
By Neil Gonzales For the better part of the past decade, Seattle’s South Lake Union neighborhood has surged with development with the likes...