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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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Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential

Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential

A prominent Schuster Group-owned multifamily project in the Seattle neighborhood of Belltown recently traded hands. The Joseph Arnold Lofts traded hands for a fee of $68.2 million.…

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Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing

Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing

Mercy Housing Northwest has been selected by the Sound Transit to develop a new affordable, transit-oriented project in Southeast Seattle. The company has been tasked with the construction of a multifamily complex near the Othello Link light rail station. Mercy received the contract for the development after a selection process…

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New Housing Facility Breaks Ground at Cornish College of Arts Campus

New Housing Facility Breaks Ground at Cornish College of Arts Campus

Construction has begun on a new facility that will serve the Cornish College of the Arts in Seattle recently. The development team headed by Capstone Development Partners held a groundbreaking ceremony at the Residence Hall and Learning Center at 2025 Terry Avenue.…

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Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties

Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties

The Pacific Northwest has seen an upswing in activity in its multifamily market during the first quarter of 2014, with residential deals and projects taking the center stage in a market that was very focused on its office sector. This past week has seen TruAmerica Multifamily acquire a West Seattle…

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Radiator Building Signs First Major Tenant

Radiator Building Signs First Major Tenant

One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One…

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Development News: Metro-Area Residential Development Projects Budding as Spring Hits Seattle

Development News: Metro-Area Residential Development Projects Budding as Spring Hits Seattle

The Seattle development scene blew up recently with no less than three major moves announced across the city. One of the fastest growing tech markets of the past few years, Seattle is driven by serious activity in the downtown area, and its over-performing South Lake Union neighborhood. Continental Properties, Murray…

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Master-Planned Residential Community Unveiled by Developer UCP South of Puget Sound

Master-Planned Residential Community Unveiled by Developer UCP South of Puget Sound

A huge master-planned community was recently unveiled at the southern end of the Puget Sound. San Jose-based UCP Inc., a company dealing with homebuilding and land development announced its The Preserve at Turnwater Place in Turnwater, Washington. This will be the developer’s first selling community in the state’s real estate…

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Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett

Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett

A real estate investment management services company recently ramped up its activity in the Pacific Northwest with a multifamily acquisition, following a number of deals in the area’s commercial sector. Lowe Enterprises Investors recently announced its acquisition of a residential complex in the city of Everett, WA on behalf of…

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Portland Hospitality Heats Up: Lloyd Center DoubleTree Goes Up for Sale, Governor Hotel Gets New Name

Portland Hospitality Heats Up: Lloyd Center DoubleTree Goes Up for Sale, Governor Hotel Gets New Name

The debate over the development of a major hotel-convention center in downtown Portland has been going on for quite a while. Now, a property that could influence willing investors has been put up for sale by its owner, prompting new discussions about a new major hospitality project in the city.…

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