State: Washington - WA

Multi-Housing News Cushman & Wakefield has secured $193 million of financing for the development of the Confidential, a 212-unit apartment property in Seattle. MetLife Investment Management provided $65.2 million of joint venture equity, while Bank OZK provided $115.3 million of ...

Wilshire Unlimited LLC has paid $54 million, or $214,285/unit, for Terra Heights, a 252-unit apartment property in Tacoma, Wash. The Hacienda Heights, Calif., investor purchased the property from Security Properties of Seattle, which was represented by Berkadia. The brokerage also ...

Commercial Real Estate Direct Staff Report Pacific Western Bank has provided $31.2 million of financing to facilitate ColRich's purchase of CityZen Commons, a 177-unit apartment property in Kent, Wash. The San Diego developer bought the property from Jacobson Co., for ...

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. ...

Northmarq has secured $33 million of financing against the Gardens at Town Square, a 168-unit seniors-housing property in downtown Bellevue, Wash. The 10-year loan requires only interest payments for one year and amortizes on a 30-year schedule. It was provided ...

Rentv.com An entity of Truist Securities has paid $93.5 million, or $582.55/unit, for the 160,500-square-foot office property at 3201 South 323rd St. in Federal Way, Wash. The Atlanta company purchased the property from DaVita Inc. of Denver, which will fully ...

Puget Sound Business Journal SRM Development is planning to build a 390-unit apartment project at 10423 Main St. in Bellevue, Wash., about 10 miles east of Seattle. The Spokane, Wash., company purchased the property's development site this month for $20 ...

TruAmerica Multifamily paid $54 million, or $346,153/unit, for the 156-unit Dakota Apartments in Lacey, Wash. The transaction previously was reported, but the purchase price then wasn't known. The Los Angeles investment firm acquired the property from America Capital Group of ...

Commercial Real Estate Direct Staff Report TruAmerica Multifamily has acquired the 156-unit Dakota Apartments in Lacey, Wash. The sales price could not yet be learned, but the property was appraised in 2020 at $33.5 million, according to servicer data compiled ...

NewPoint Real Estate Capital has provided $86.6 million of Freddie Mac financing to help fund Harbor Group International's $119.5 million, or $220,074/unit, purchase of the 543-unit Alcove at Seahurst apartment property in the Seattle suburb of Burien, Wash. Harbor, a ...