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HFF Secures $71M in Financing for Block 67 Project at Burnside Bridgehead

HFF Secures $71M in Financing for Block 67 Project at Burnside Bridgehead

An apartment tower development project in downtown Portland is now underway as financing is now in place for the development team consisting of Guardian Real Estate Services and Key Development Corporation. The funds totaling approximately $71.75 million were provided by financing company Holiday Fenoglio Fowler.…

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Kennedy Wilson Acquires Turnwater M-F Asset for $21M

Kennedy Wilson Acquires Turnwater M-F Asset for $21M

Kennedy Wilson is continuing its aggressive expansion policy in the Pacific Northwest with yet another multifamily purchase. The company invested roughly $21 million in the acquisition of the 100 percent stake in a South Seattle asset. The company is the new owner of the Tabula Rasa property in Turnwater, Thurston…

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Bluetooth’s Home in Kirkland Acquired in $30M Deal

Bluetooth’s Home in Kirkland Acquired in $30M Deal

The building that houses Bluetooth’s current headquarters was sold this week in a deal worth approximately $31.5 million. Buyer American Realty Advisors out of Glendale, CA, paid the purchase fee to former owner Talon Private Capital for the Kirkland office building. Known as Waterfront Place, the property claimed a record-breaking…

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Swift Real Estate Pays $8.5M for 811 SW Naito Parkway in HFF-Arranged Deal

Swift Real Estate Pays $8.5M for 811 SW Naito Parkway in HFF-Arranged Deal

A Portland, OR office property was recently traded in a deal brokered by Holiday Fenoglio Fowler. ATC Partners LLC, a full-service real estate firm from San Francisco worked with HFF to sell the property to Swift Real Estate Partners for a total fee of $8.55 million. The HFF team in…

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Kennedy Wilson Expands Pacific Northwest Portfolio with $127M in Acquisitions

Kennedy Wilson Expands Pacific Northwest Portfolio with $127M in Acquisitions

Kennedy Wilson recently expanded an already substantial multifamily portfolio in the Pacific Northwest, as the company acquired three properties in the greater Seattle area. The $127 million investment made by the buyer includes equity and a financing component sourced from Freddie Mac.…

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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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