Seattle's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The off-market sale of The Bravern produced strong interest from both domestic and foreign capital; however, the most competitive bidders at the latter stages of the marketing process were all foreign capital sources.
Vestar recently purchased a six-property 297,599-square-foot retail portfolio for $95 million in an off-market transaction, and it now owns and manages more than 1 million square feet of retail property.
Security Properties and Pacific Life recently purchased Anthology, a 398-unit new construction multifamily property for $163 million, saying the opportunity to own scale off-market in Issaquah was something it could not pass up.
Renton has seen improving demographics, strong housing prices, rent growth and significant commercial/multifamily investment, a testament to the city's increased desirability among renters and investors.
As a financier of commercial real estate transactions in mid-sized markets, Doug Misner of TIAA Bank is seeing a shift from retail properties in these markets to industrial properties that are serving as last-mile logistics centers.
This is a Main and Main core site that was acquired after an extremely competitive marketing process and the best development site on the market in the West Coast, says NKF's Kevin Shannon.
Amazon at Apollo, a 12-story creative office building totaling 317,804 square feet that is leased to Amazon on a long-term basis, has recently sold to a joint venture between Tristar Capital LLC and RFR Holding.
MG Properties Group acquired two multifamily communities, the Pallas Apartments in Beaverton, OR and the Tivalli Apartments in Lynnwood, WA, for a combined total of more than $305 million.
Surrey on Main is a mixed-use residential project located at 10777 Main St. which will include 113,700 square feet of residential space and 1,500 square feet of ground-level retail when completed in summer 2021.