PGIM
Preylock Buys 247,000 SQFT Esterra Park in Redmond for $225MM
By The Registry Staff In a major deal for the Eastside investment market, Esterra Park in Redmond has been sold. According to King...
Capstone Partners Shifts Focus to 27-Story Residential Tower in Downtown Bellevue
A new chapter in Bellevue’s downtown development is unfolding as Capstone Partners and PGIM, in collaboration with Seattle-based Runberg Architecture Group, have shifted...
Hyperion Realty Capital Buys 192,000 SQFT Oregon Trail Center in Gresham
(Editor’s Note: This is an evolving story and will be updated as more details are released.) PORTLAND – (Sept. 19, 2024) — Northmarq’s...
CMBS Sputters in 2023 But Experts See Value Across Broader Commercial Real Estate Sector
By The Registry Staff Wall Street’s primary method of financing commercial real estate, commercial mortgage-backed securities (CMBS), has experienced a significant decline in...
US Banks Worry Commercial Real Estate Valuations May Pose Broader Economic Consequences
By Vladimir Bosanac US banks are growing increasingly concerned about the drop in commercial property valuations and the possible risk to lenders’ balance...
PGIM Buys Seattle Apartment Tower for $293MM
By Meghan Hall PGIM has made a big investment into downtown Seattle. In a deal that was finalized February 11th, but just recorded,...
PGIM Acquires 166-Unit Senior Housing Community in Tukwila for $85MM
By Catherine Sweeney Not long after completing construction, Marvelle at Southcenter, a 166-unit senior housing community in Tukwila has sold for $85 million,...
PGIM Sells Two Seattle Apartment Complexes for Combined $68.4MM
By Meghan Hall Apartments across the Puget Sound continue to sell at a rapid pace, and PGIM has added to the trend with...
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...
Documents Reveal Google Paid $435MM for Kirkland Urban Property in Fall of 2019
By Meghan Hall The long-speculated price of Google’s acquisition of a portion Kirkland Urban, a large, Class A mixed-use development in downtown Kirkland,...
Fierce Competition Amongst Lenders in Seattle Apartment Market
Seattle, Wash. (October 31, 2019) – The first annual multifamily lending market update, released by the multifamily investment team led by Dylan Simon...
Morgan Stanley Buys 8th and Olive Building in Seattle for $186MM
By Jack Stubbs Morgan Stanley recently acquired the nearly 301,000 square foot 8th and Olive office building in Seattle as part of the...
