SEATTLE— A Place for Mom, the nation's largest senior living referral service, recently released detailed findings from its Senior Living Preferences Survey that reveal a number of surprising trends in senior housing and care, including the preference to live in walkable neighborhoods, a trend more often ascribed to millennials. The study shows for the first time not only walkability preferences, but how those preferences vary by senior care needs, senior living budget, financial resources and age. The study also provides deeper insight into other senior housing and care consumer preferences, including top priorities and various neighborhood characteristics. “The findings from this study are significant to not just seniors and their families, but to a broad audience who has the potential to shape future developments of senior living communities, neighborhoods and cities,” says Charlie Severn, head of marketing at A Place for Mom. “The data can help inform local politicians and relevant stakeholders before making choices around zoning and the allocation of resources for public services.”

DEAL TRACKER

ELK GROVE, CA—NAI Northern California, the Bay Area presence for NAI Global, recently revealed the $7.34-million sale of a Walgreens located in Elk Grove, CA. VP, Mary Alam, arranged the sale and represented both the buyer and seller in this off-market transaction.

BOTHELL, WA—Holliday Fenoglio Fowler LP has closed the sale of The Plaza at North Creek, a flagship office campus totaling 194,074 square feet in the suburban Seattle community of Bothell, WA. HFF marketed the property on behalf of the seller and procured the buyer, MRM Capital. The Plaza at North Creek comprises two three-story, class A office buildings located at 18911 and 19015 North Creek Parkway in Bothell, a community about 13 miles northeast of downtown Seattle. This location, adjacent to Interstate 405, is part of the Eastside's life science industry hub, which is home to more than 50 life science employers. Key tenants at the 80.7% leased property include Allstate and SNC-Lavalin.

SAN MATEO, CA—Nazareth Enterprises Inc., a privately-held, diversified investment firm based in San Mateo, CA, has completed the acquisition of two properties in the Madrone Business Park, located at 18705 and 18715 Madrone Parkway for $15.6 million. The properties consist of 60,000 and 120,000-square-foot flex buildings situated on 9.99 acres in Morgan Hill, Calif. Together with their property at 18735 Madrone Parkway, Nazareth now leases 332,500 square feet on the 20-acre parcel. Nazareth Enterprises Inc., was represented by Abe Matar with Landmark Real Estate Services. The seller, a private equity firm, was represented by Stan Johnson Co.

This week in the North West region, Portland's industrial market vacancy rate tumbled to 3.2% in Q2. Check out all the other numbers and news you might have missed below.—Natalie Dolce

BY THE NUMBERS

SEATTLE—According to a recent report from Kidder Mathews, the region's office market saw a wide variety of activity in the second quarter. Leasing activity was strong, led by the announcement that f5 Networks will lease all 28 office floors in The Mark; several buildings were delivered; a couple more got started; and an array of projects were sold, including two major South Lake Union buildings and an increasing number of suburban investment sales in the Eastside.

PORTLAND—A recent industrial report from Cushman & Wakefield shows the overall Portland industrial vacancy rate tumbled to 3.2% in the second quarter of 2017, down 70 BPS since the first quarter and down 120 BPS from the second quarter of 2016. The most significant change was in the largest sector, warehouse/distribution, where the vacancy rate dropped 100 BPS during the quarter to close at 2.8%. Over the past three months, the high tech sector eased 40 BPS to 7.4% while manufacturing dropped by 20 BPS to 2.4%.

SEATTLE— A Place for Mom, the nation's largest senior living referral service, recently released detailed findings from its Senior Living Preferences Survey that reveal a number of surprising trends in senior housing and care, including the preference to live in walkable neighborhoods, a trend more often ascribed to millennials. The study shows for the first time not only walkability preferences, but how those preferences vary by senior care needs, senior living budget, financial resources and age. The study also provides deeper insight into other senior housing and care consumer preferences, including top priorities and various neighborhood characteristics. “The findings from this study are significant to not just seniors and their families, but to a broad audience who has the potential to shape future developments of senior living communities, neighborhoods and cities,” says Charlie Severn, head of marketing at A Place for Mom. “The data can help inform local politicians and relevant stakeholders before making choices around zoning and the allocation of resources for public services.”

DEAL TRACKER

ELK GROVE, CA—NAI Northern California, the Bay Area presence for NAI Global, recently revealed the $7.34-million sale of a Walgreens located in Elk Grove, CA. VP, Mary Alam, arranged the sale and represented both the buyer and seller in this off-market transaction.

BOTHELL, WA—Holliday Fenoglio Fowler LP has closed the sale of The Plaza at North Creek, a flagship office campus totaling 194,074 square feet in the suburban Seattle community of Bothell, WA. HFF marketed the property on behalf of the seller and procured the buyer, MRM Capital. The Plaza at North Creek comprises two three-story, class A office buildings located at 18911 and 19015 North Creek Parkway in Bothell, a community about 13 miles northeast of downtown Seattle. This location, adjacent to Interstate 405, is part of the Eastside's life science industry hub, which is home to more than 50 life science employers. Key tenants at the 80.7% leased property include Allstate and SNC-Lavalin.

SAN MATEO, CA—Nazareth Enterprises Inc., a privately-held, diversified investment firm based in San Mateo, CA, has completed the acquisition of two properties in the Madrone Business Park, located at 18705 and 18715 Madrone Parkway for $15.6 million. The properties consist of 60,000 and 120,000-square-foot flex buildings situated on 9.99 acres in Morgan Hill, Calif. Together with their property at 18735 Madrone Parkway, Nazareth now leases 332,500 square feet on the 20-acre parcel. Nazareth Enterprises Inc., was represented by Abe Matar with Landmark Real Estate Services. The seller, a private equity firm, was represented by Stan Johnson Co.