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City: Bellingham
Barkley Apartment Homes
The property, about 53 miles south of Vancouver, British Columbia, is encumbered by a $19.53 million Fannie Mae loan that's securitized through FNA, 2021-M21. The loan, which pays a 4.38% coupon, is set to mature in June 2027 but is ...
Northern Washington Apartment Property Sells for $47.9Mln
Commercial Real Estate Direct Staff Report HB Management has paid $47.9 million, or $237,128/unit, for the 202-unit Barkley Apartment Homes in Bellingham, Wash., near the state's border with Canada. The Seattle multifamily investor acquired the property, at 3126 Racine St., ...
Elevate
Virtú Investments has paid $55 million, or $413,533/unit, for the Elevate, a 133-unit student-housing property in Bellingham, Wash. The Larkspur, Calif., company purchased the complex from a Delaware Statutory Trust sponsored by Nelson Partners Student Housing. Elevate, at 900 North ...
Virtú Investments Pays $55Mln for Student-Housing Property in Bellingham, Wash.
Puget Sound Business Journal Virtú Investments has paid $55 million, or $413,533/unit, for the Elevate, a 133-unit student-housing property in Bellingham, Wash. The Larkspur, Calif., company purchased the complex from a Delaware Statutory Trust sponsored by Nelson Partners Student Housing. ...
five student-housing properties with 145 units in Bellingham, Wash
PTLA Corp. has acquired five student-housing properties with 145 units in Bellingham, Wash., for $35.45 million, or $244,482/unit. The Walnut Creek, Calif., company purchased the properties from 11 Capital of Kirkland, Wash., which was represented by Berkadia. The properties are ...
5 Student-Housing Properties in Bellingham, Wash., Sold for $35.45Mln
PTLA Corp. has acquired five student-housing properties with 145 units in Bellingham, Wash., for $35.45 million, or $244,482/unit. The Walnut Creek, Calif., company purchased the properties from 11 Capital of Kirkland, Wash., which was represented by Berkadia. The properties are ...
4th Dimension Properties Bought Bellis Fair Mall
Commercial Real Estate Direct Staff Report Bellis Fair Mall in Bellingham, Wash., near the border with Canada, was purchased by 4th Dimension Properties, a specialist in the shopping mall world. As reported, the property, which was encumbered by a $72.03 ...
CMBS Loan Against Bellis Fair Mall Sold for $47.5Mln
Commercial Real Estate Direct Staff Report The troubled CMBS loan against the Bellis Fair Mall in northern Washington, near the Canadian border, has been sold for $47.5 million. That's just more than 7 percent greater than expected two months ago, ...
Bellis Fair Mall in Washington State Gets Hammered in Latest Appraisal
Commercial Real Estate Direct Staff Report The Bellis Fair Mall near the Canadian border in Bellingham, Wash., has been appraised at a value of $49.1 million, down from $145 million in 2011, when a CMBS loan was written against it. ...
CMBS Loan Against Mall Near Northwest Border with Canada Moves to Special Servicing
Commercial Real Estate Direct Staff Report Cash flow generated by the Bellis Fair Mall, a 776,136-square-foot shopping center in Bellingham, Wash., just south of the Canadian border, has declined for six straight years. As of last September, cash flow amounted ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
