Brookline Buys 18-Bldg. Office Complex

SAN JUAN CAPISTRANO, CA-Buie/Stoddard Properties has sold the Ortega Cottages, an 18-building, 60,000-square-foot multi-tenant office complex here, for $13.3 million to Brookline Management LLC. The Coldwell Banker Commercial Alliance Orange County team of EVP Scott Johnstone and SVP David Girty worked closely with both parties in the transaction. The sale is the latest in a series of closed transactions between Buie Stoddard and the CBC Alliance team, but represents the first acquisition with Brookline. According to Johnstone, the transaction “serves as further proof that the Orange County commercial real estate market is in the early stages of a strong recovery.”

SEATTLE-Invesco Real Estate has purchased 206 Bell, a new, 122-unit apartment community in Seattle’s Belltown neighborhood. The property opened in June and was developed by HB Management. Jones Lang LaSalle‘s managing director David Young and SVPs Corey Marx and Seth Heikkila led the team on this transaction. The LEED-certified 206 Bell offers studio, one- and two-bedroom units a host of amenities including high-end finishes; an open-concept community room complete with dining and entertainment areas; an expansive 24-hour fitness center; a large rooftop deck with expansive views, ample landscaping and grilling area; charging stations for electric cars; high-speed elevators; and complimentary Wi-Fi.