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Seattle, Portland Experience Major Home Price Growth

Seattle, Portland Experience Major Home Price Growth

The Pacific Northwest has seen its real estate market soar over the past few years with good employment numbers and development driving the two major cities anchoring the area: Seattle and Portland. The housing market is now experiencing growth in both cities, with home prices soaring over the past few…

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Apartment Complex Trades Hands Near Nike World HQ, Intel Campus

Apartment Complex Trades Hands Near Nike World HQ, Intel Campus

A joint venture between PCCP, LLC and Security Properties recently completed the acquisition of a Beaverton, OR multifamily asset. The purchase was made through Security’s Security Properties Multifamily Fund II, for a total of $39 million. The acquisition is part of a recent shopping spree completed by Security, with eight…

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Hines Acquires Large Office Asset in High-Performing Bellevue

Hines Acquires Large Office Asset in High-Performing Bellevue

Civica Office Commons in Bellevue, WA was recently acquired by international real estate firm Hines in a deal worth approximately $205 million. The Bellevue office market has consistently over-performed over the past few years, with top assets here being currently sought after at cap rates lower than the five percent…

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TODAY’S DEALS: Vulcan Cashes Out in South Lake Union

TODAY’S DEALS: Vulcan Cashes Out in South Lake Union

Vulcan announces its third South Lake Union sale this month; Greystar and The Carlyle Group sell an Austin asset; and The Preiss Co. acquires student housing. …

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TODAY’S DEALS: Vulcan Completes Another South Lake Union Sale

TODAY’S DEALS: Vulcan Completes Another South Lake Union Sale

J.P. Morgan grabs a mixed-use asset from Vulcan; Gebroe-Hammer brokers the $36 million sale of a New Jersey asset; and Hunt Mortgage refinances two multifamily properties. …

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Publix Hotel Building to be Redeveloped as Multifamily Property

Publix Hotel Building to be Redeveloped as Multifamily Property

Financing is now in place for the redevelopment of a Seattle multifamily property as Berkadia recently announced that it has provided construction funding for the Publix Apartments. The financing provider, a joint venture of Berkshire Hathaway and Leucadia National Corporation, worked on behalf of Publix, LLC to secure around $26…

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TODAY’S DEALS: Stockbridge Makes a Statement in Seattle

TODAY’S DEALS: Stockbridge Makes a Statement in Seattle

Vulcan sells a LEED Gold property for $138.2 million in Seattle; Hunt provides $8.4 million for an Orlando acquisition; and Greystone closes the first Fannie Mae M-PIRE mortgage loan. …

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Dermody Targets Vancouver’s Low Industrial Vacancies

Dermody Targets Vancouver’s Low Industrial Vacancies

A new industrial development in Vancouver, Washington recently broke ground as Dermody Properties has begun work on its latest venture. The company is currently building a new industrial facility known as the LogistiCenter 205, at NE 60th Way in Vancouver.…

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Berkadia Finances Three Seattle-Area Self-Storage Facilities

Berkadia Finances Three Seattle-Area Self-Storage Facilities

Berkadia recently announced that the company’s Seattle office has completed $21 million in combined loan proceeds for three different self-storage facilities. The commercial real estate company arranged the financing for the properties located throughout the Puget Sound area. The borrower is Ray Moore Construction, with the company working with a…

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KBS Sells One Main Place in Portland CBD

KBS Sells One Main Place in Portland CBD

One Main Place, one of the properties in Portland’s Central Business District, recently traded hands. KBS Real Estate Investment Trust II received a fee of $86.3 million for the property located along the waterfront of Portland’s CBD. According to Asset Manager and KBS Senior Vice President, Mark Brecheen, the seller…

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Waterton Re-Enters Seattle Market with Martha Lake Apartments Purchase

Waterton Re-Enters Seattle Market with Martha Lake Apartments Purchase

Waterton Associates purchases the 155-unit garden-style apartment community situated about 15 miles from downtown Seattle.…

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Hunt Mortgage Group Arranges $14M Refinancing for Metropolitan Apartments Phase I in Tacoma

Hunt Mortgage Group Arranges $14M Refinancing for Metropolitan Apartments Phase I in Tacoma

A multifamily property in Tacoma was recently granted $14.3 million Freddie Mac first mortgage refinancing. Commercial real estate lender Hunt Mortgage Group recently announced that it has recently arranged a financing operation for Metropolitan Apartments Phase I in Tacoma, WA. The borrower is a limited liability company that is backed…

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