State: Washington - WA

Mesa West Capital has provided $82.5 million of mortgage financing against the 352-unit Olin Fields apartment property in the Seattle suburb of Everett, Wash. The loan, with a term of up to five years, allowed the property's owner, a venture ...

The Seattle Social Housing Developer has paid $60.9 million, or $406,000/unit, for the 150-unit Elara at the Market apartment property. The city agency was formed three years ago to own and operate certain housing properties in Seattle. It is funded ...

A venture between BKM Capital Partners and Kayne Anderson Real Estate has paid $1.81 billion, or $214/sf, for a portfolio of 51 industrial properties with 8.45 million square feet. Link Logistics, the industrial investment arm of Blackstone, was the seller. ...

Commercial Real Estate Direct Staff Report Green Light Housing has paid $35.45 million, or $221,562/unit, for the 160-unit Carriage House Apartments in Vancouver, Wash. The Portland, Ore., investment firm acquired the property, at 4714 Northeast 72nd Ave., from Jackson Square ...

Bridge Housing has paid $25.35 million, or $234,722/unit, for Latitude, a 108-unit apartment property in the Seattle suburb of Everett, Wash. The San Francisco affordable-housing specialist acquired the property, at 12907 East Gibson Road, from Jackson Square Properties of San ...

Northmarq has provided $60.83 million of Fannie Mae financing against the 216-unit Spruce apartment property in Seattle. The five-year loan pays a fixed-rate coupon and amortizes on a 35-year schedule. It allows the owner of the property, Madison Development Group ...

Commercial Real Estate Direct Staff Report Spokane Indian Housing Authority has paid $53.3 million, or $266,500/unit, for the 200-unit Waterford Apartments in Everett, Wash., about 23 miles south of Seattle. The Wellpinit, Wash., housing agency purchased the property from an ...

The downtown Seattle office sector has overtaken San Francisco as the worst in the country, in terms of vacancy. That could pose a risk for CMBS loans that are coming due or have matured and remain unresolved.

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 ...

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 ...