KeyBank
Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure
A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound’s clearest tests of how far trophy values...
Schnitzer West Moves to Reacquire 750,000 SQFT Bravern Office Complex in Bellevue After Microsoft Exit and QSuper Default
Schnitzer West is buying back the two-tower Bravern Office Commons it built and sold more than a decade ago, stepping in to reposition...
Eastdil Tapped to Market 750,000 SQFT Bravern Towers in Bellevue After QSuper Default
A King County court has greenlit the sale of the trophy Eastside office complex, with bidders already circling a property whose value has...
BRIDGE Housing Surpasses $92MM at First Close of Impact Fund I to Preserve West Coast Affordable Housing
The nonprofit developer’s inaugural equity fund draws six institutional investors and positions BRIDGE to acquire approximately 3,500 units across California, Oregon, and Washington....
LIHI’s $50MM Senior Housing Project Tops Out in North Seattle, Adding 90 Affordable Units to Bitter Lake
The seven-story Passive House development at 12245 Aurora Ave. N. marks the first phase of a two-phase affordable housing plan on the former...
Seattle Church Partnership Breaks Ground on 92-Unit Affordable Housing Development
Mixed-use project marks first use of city’s density bonus program for religious institution land New Hope Community Development Institute and the Low Income...
New Hope Community Development Institute’s 92-Unit Housing Project Breaks Ground in Seattle’s Central District
Church-owned 71,000-square-foot, $54 million project will bring income-restricted units to the neighborhood Seattle’s Central District, long a focal point of debates around affordability...
BRIDGE Housing Launches $1B Private Equity Fund for West Coast Affordable Housing
SAN FRANCISCO – BRIDGE Housing, the leading nonprofit affordable housing owner and developer on the West Coast, has launched its first private equity fund...
29,900 SQFT Retail Complex in Poulsbo Hits the Market for $7.2MM
Liberty Center, a three-building retail complex in Poulsbo, has been listed for sale at $7.2 million, or about $240 per square foot. The...
BRIDGE Housing Raises $71.5MM in Bond Offering to Finance 224-Unit Affordable Housing Community in Portland
The oversubscribed offering was underwritten by KeyBanc Capital Markets and marks the first time a nonprofit housing developer has tapped capital markets to...
LIHI Purchases 68-Unit Aventine Apartments in Downtown Bellevue for $29.2MM
(Editor’s Note: According to a report from the Puget Sound Business Journal, the sales price was $29.2 million, or approximately $429,411 per unit.)...
Seattle’s Historic KeyBank Building May Get a New Lease on Life
In a cityscape characterized by its dynamic blend of history and innovation, the transformation of a former KeyBank building at 815 Second Ave....
