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German Investor Acquires The Station at Othello Park for $75M; Portland-Area Apartment Complex Trades Hands in HFF-Arranged Deal

German Investor Acquires The Station at Othello Park for $75M; Portland-Area Apartment Complex Trades Hands in HFF-Arranged Deal

The Pacific Northwest’s residential market continues to see a large amount of interest from inverstors in its multifamily market, as the overall real estate market continues its progression. This week, a transit-oriented community in South Seattle and a garden-style apartment complex in Clackamas near Portland traded hands in deals worth…

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$400M Week for Pacific Northwest: Madison Marquette Acquires Pacific Place Mall, Pebblebrook Buys The Nines Hotel

$400M Week for Pacific Northwest: Madison Marquette Acquires Pacific Place Mall, Pebblebrook Buys The Nines Hotel

The Pacific Northwest’s commercial market has had one of its best weeks by the numbers as two properties in Portland and Seattle traded hands in deals worth a combined total of nearly $400 million. The Pacific Place Mall in Seattle and The Nines Hotel in Portland were the two properties…

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Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset

Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset

Block 300 in Portland, one of the most high-profile office properties in the Pacific Northwest city has recently completed a major milestone. The property was awarded with LEED Gold certification for Existing Buildings: Operations & Maintenance by the United States Green Building Council. The certification is a result of the…

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Vulcan, Plus Investment Target South Lake Union, Bellevue with Nearly 2,000 New Residential Units

Vulcan, Plus Investment Target South Lake Union, Bellevue with Nearly 2,000 New Residential Units

Nearly 2,000 residential units might be added to the Puget Sound’s already well-populated development pipeline. Developers Vulcan Real Estate and Plus Investment USA have lined up large residential projects in South Lake Union and Bellevue, respectively, according to recent reports. …

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TruAmerica Multifamily Purchases Third M

TruAmerica Multifamily Purchases Third M

TruAmerica Multifamily recently closed the purchase of a multifamily complex located in the Seattle suburb of Renton in a deal worth a total of $28.7 million. The L.A.-based real estate investment firm has further expanded its metro Seattle portfolio with the purchase of the Montclair Heights, after completing two other…

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Dallas Developer Makes First Foray into Pacific Northwest with West Seattle M-F Project

Dallas Developer Makes First Foray into Pacific Northwest with West Seattle M-F Project

Dallas-based real estate firm Trinsic Residential Group has broken ground on its first residential project in the Pacific Northwest. The company is working on a development located in West Seattle, thus making its debut in the market. With Seattle’s apartment market going well and a large number of units currently…

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Bristol I at Southport Scores $27.6M Loan Arranged by Johnson Capital

Bristol I at Southport Scores $27.6M Loan Arranged by Johnson Capital

Johnson Capital recently completed a financing deal for an apartment complex in Renton, Washington. The company has provided a loan worth $27.6 million for the Bristol I at Southport community, a residential property completed back in 2002. Amos Smith and Sea Skelton, currently with Johnson Capital’s Irvine, CA office worked…

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Federal Way City Council Approves Performing Arts/Conference Center Project in Unanimous Vote

Federal Way City Council Approves Performing Arts/Conference Center Project in Unanimous Vote

Federal Way is set to see a new development initiative as the City Council recently decided to authorize construction of a new performing arts and conference center in the city’s downtown. The measure passed through a unanimous vote this past week, most likely as a direct result of a study…

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Essex Property Trust Expands Seattle-Area Portfolio with Purchase of Collins on Pine

Essex Property Trust Expands Seattle-Area Portfolio with Purchase of Collins on Pine

By Alex Girda, Associate Editor In the latest real estate transaction involving a Seattle-area apartment property, Essex Property Trust acquired a high-end residential asset in the Pike/Pine neighborhood for $29.6 million. The upscale community Collins on Pine was in high demand, according to the Puget Sound Business Journal, but the…

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Hines, Oaktree Acquire Triton Towers in Renton

Hines, Oaktree Acquire Triton Towers in Renton

One of Renton’s best known office assets recently traded hands as a partnership between Hines and a real estate fund managed by Oaktree Capital Management purchased Triton Towers. The buyer reportedly paid a fee of around $60 million for the property, making it one of the largest deals to be…

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Portland Residential Community Trades Hands for $50M

Portland Residential Community Trades Hands for $50M

A California-based multifamily investment firm recently completed the acquisition of a Portland, OR asset, as HFO Investment Real Estate reports. According to the investment brokerage firm, the Monterey Springs Apartments in Clackamas County traded hands for a total fee of around $51.25 million. HFO was in charge of arranging the…

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HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties

HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties

Pacific Northwest property owners and real estate investors are completing financing deals for properties as the area continues to develop, in an attempt to boost their chances at securing promising properties, or improving assets in their existing portfolios. Berkadia Commercial Mortgage LLC and Holiday Fenoglio Fowler LLC both arranged financing…

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