Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
State: Washington - WA
Northmarq Arranges $35Mln Loan Against Seniors-Housing Property in Gig Harbor, Wash.
Commercial Real Estate Direct Staff Report Northmarq has arranged $35 million of financing against Lodge at Mallard's Landing, a seniors-housing property with 147 units in Gig Harbor, Wash. The financing, which was provided by an unnamed life insurance company, has ...
BH Properties Takes Seattle Office Through Foreclosure
Commercial Real Estate Direct Staff Report BH Properties has acquired Olympic Block, a 74,660-square-foot office property at 101 Yesler Way in Seattle's Pioneer Square area, through foreclosure. The property is comprised of the six-story Lippy Building that was constructed in ...
Timberlane Partners Pays $55.5Mln for Seattle Apartment Property
The following story has been edited to correctly identify the buyer as Timberlane Partners. Commercial Real Estate Direct Staff Report Timberlane Partners has paid $55.5 million, or $334,337/unit, for the 166-unit Koi Apartments in Seattle. The Seattle developer purchased the ...
PGIM Lends $53.5Mln Against Seattle Student-Housing Property
Commercial Real Estate Direct Staff Report PGIM Real Estate has provided $53.5 million of financing against the 171-unit Theory U District student-housing property in Seattle. The financing pays a floating rate and allows the property's owner, Blue Vista Capital Management ...
Sportswear Company Fully Leases Bellevue, Wash., Office Building
The Real Deal Elevate Outdoor Collective has agreed to fully lease the Eastgate Building, a 70,100-square-foot office property in Bellevue, Wash. The winter sportswear company is leasing the property from Lake Washington Partners. The three-story building opened in 1986 at ...
Essex Buys Out Partner in 4 Apartment Properties in $505Mln Deal
Commercial Real Estate Direct Staff Report Essex Property Trust Inc. has acquired the 49.9 percent stake it didn't already own in a portfolio of four apartment properties with 1,480 units in Washington and California in a deal valued at $505 ...
WeWork Space in Seattle Gets Leased by Another Coworking Company
CENTRL Office, a coworking company with locations in Oregon and California, has agreed to take 53,365 square feet of space at 1525 11th Ave. in Seattle's Capitol Hill area, marking its first location in the Puget Sound region. The space ...
Lending Group Provides $413Mln for Tacoma, Wash., Industrial Complex
Mesa West Capital and Morgan Stanley Real Estate Investing have partnered to provide $150 million of mezzanine financing for the construction of the 2.48 million-square-foot Bridge Point Tacoma industrial complex in Tacoma, Wash. The five-year loan is subordinate to a ...
1000 and 1100 Dexter Ave. North
Palisade Group, a recently formed investment manager, has partnered with Sabal Investment Holdings on its inaugural investment: the $47.5 million, or $213/sf, purchase of 1000 and 1100 Dexter Ave. North, with a total of 223,233 square feet of office space ...
Newly Formed Investment Manager Lands First Purchase: A Seattle Office Property
Palisade Group, formed recently by three former EQ Office executives, has partnered with Sabal Investment Holdings on its inaugural investment: the $47.5 million, or $213/sf, purchase of 1000 and 1100 Dexter Ave. North, with a total of 223,233 square feet ...
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