Home » Cities »  (Page 3)

Seattle


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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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.…

Continue reading →

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…

Continue reading →

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.…

Continue reading →

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…

Continue reading →