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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.
Los Angeles-based Preylock Real Estate Holdings recently acquired 90 North, a four-building 256,703-square-foot office campus for $117 million, and the campus is fully occupied by T-Mobile and Mindtree.
Legacy Partners and architecture firm Tiscareno Associates had to think outside the box, creating 195 luxury living spaces, two major retail spaces and ample parking on a site with an unusual wedge shape.