David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
State: Washington - WA
Seattle’s U.S. Bank Tower to Sell at Steep Discount for $280Mln
Bloomberg Spear Street Capital has agreed to pay about $280 million, or $296.61/sf, for U.S. Bank Center, a 944,000-square-foot office property in Seattle. The San Francisco investor would be acquiring the property from Blackstone, which bought it in 2019 for ...
Receiver Brings Bellevue, Wash., Office Property Backing $304Mln of CMBS Debt to Sales Block
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash., has been placed on the sales block by its receiver as its foreclosure process begins. Eastdil Secured has been tapped to market the property, at ...
Gateway North
Northeast Building LLC has paid $76.5 million, or $287.08/sf, for Gateway North, a 266,476-square-foot industrial property in Tukwila, Wash., a southern suburb of Seattle. The Kirkland, Wash., developer, a unit of Matthew G. Norton Co., which specializes in the ownership ...
Proposed Vancouver, Wash., Apartment Property Gets $75Mln Construction Loan
The venture of Rabina and New Blueprint Partners that's developing the VIC apartment property in Vancouver, Wash., has lined up $75 million of construction financing for the 250-unit project. The loan was arranged by JLL Capital Markets. The apartment property is ...
Milehouse
Walker & Dunlop provided a $37.8 million Freddie Mac loan to facilitate the purchase. The Milehouse, at 8300 160th Ave. NE, was built in 2015 and was renamed Bell River Trail. The property has studio, one-, and two-bedroom units that ...
Self-Storage Property Near Seattle Sells for $51Mln
Puget Sound Business Journal Premier Storage Investors has paid $51 million, or $51,000/unit, for West Coast Self-Storage, a 1,000-unit property in Bellevue, Wash. The Memphis, Tenn., company acquired the self-storage facility from its developer, Commune Capital of Westlake Village, Calif. ...
Gateway North
Northwest Building LLC has paid $76.5 million, or $283.33/sf, for Gateway North, a 270,000-square-foot industrial and data center property in Tukwila, Wash., a southern suburb of Seattle. The Kirkland, Wash., investment firm acquired the property from an affiliate of RREEF ...
$132Mln CMBS Loan on Microsoft-Leased Office Gets 3 More Years
Commercial Real Estate Direct Staff Report The $132 million CMBS loan against the 537,046-square-foot Millennium Corporate Park in suburban Seattle has had its maturity extended by three years through January 2029. But to win the modification, the collateral property's owner, ...
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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.
