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Commercial Property Executive MCA Realty has paid $20.6 million, or $148.96/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash., a city that's 14 miles south of Seattle. The Santa Ana, Calif., investment firm acquired the property, ...
To facilitate the latest deal, CBRE provided a $67.4 million Fannie Mae loan. That loan takes out a $51.6 million Freddie Mac loan that's securitized through FREMF, 2019-KF65. It pays a coupon pegged to SOFR plus 164 basis points and ...
Commercial Real Estate Direct Staff Report MG Properties has paid $95.34 million, or $277,151/unit, for the 344-unit Dockside Apartments in Kent, Wash., about 18 miles south of Seattle. The San Diego investment manager acquired the property, at 23605 62nd Ave., ...
Multi-Housing News Spokane Indian Housing Authority has paid $23 million, or $212,962/unit, for the 108-unit Swiss Gables Apartments in Kent, Wash., about 18 miles south of Seattle. The Wellpinit, Wash., housing agency purchased the property from an affiliate of Epic ...
Commercial Property Executive Bridge Industrial has paid $64.2 million, or $203.54/sf, for two industrial properties totaling 315,422 square feet in Kent, Wash. The Chicago developer purchased the properties from an affiliate of Link Logistics, the industrial property investment arm of ...
Prudential Insurance Co. of America provided $47.2 million of financing for the purchase.
Puget Sound Business Journal Bridge Industrial has paid $71 million, or $233.55/sf, for the 304,000-square-foot industrial property at 6838 and 7024 South 234th St. in Kent, Wash. The Chicago developer purchased the two-building complex from an affiliate of Morgan Stanley ...
FPA purchased the property through its Opportunity Fund VIII, through which the company had raised $1.45 billion of equity commitments in 2022, topping its $1.15 billion target. The fund so far has made $1.5 billion of apartment property investments.
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