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Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower

Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower

1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location…

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GIX Move to Spring District Cements Puget Sound as Tech Hotspot

GIX Move to Spring District Cements Puget Sound as Tech Hotspot

The Microsoft-backed Global Innovation Exchange is officially moving to Bellevue, in the under-development Spring District. What a difference a few months makes. Back in April, Bellevue’s position as one of the tech reference points in the Puget Sound area was waning in the wake of Expedia’s announcement that it will…

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Core Seattle Retail Starts Pricing Out Investors

Core Seattle Retail Starts Pricing Out Investors

As the core of the Seattle MSA is slowly being suffocated by investor interest, focus is slightly shifting to areas with less pressure from flowing capital. A case in point is the recent sale of Woodinville Plaza, on the Eastern end of the Puget Sound area. Its location in an…

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New Senior Housing Community Underway in Portland

New Senior Housing Community Underway in Portland

A brand new senior living community is about to make its way onto the Portland market.…

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New Dimensions for Wood Partners’ Trendy Downtown Apartment Building

New Dimensions for Wood Partners’ Trendy Downtown Apartment Building

With real estate capital flowing through the veins of Seattle these days, a new opportunity only recently presented itself for those investors who crave a shot at owning a Seattle residential high-rise. Wood Partners has contracted CBRE to market and broker the listing of one of its most recent multifamily…

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Garden-Style Multifamily Property Near Portland Acquired for $49.5M

Garden-Style Multifamily Property Near Portland Acquired for $49.5M

A residential community in the proximity of Portland recently traded hands in a deal worth $49.5 million. Aukum Management LLC acquired the multifamily asset from a private investor, free and clear of existing debt. The transaction was arranged by a Holiday Fenoglio Fowler led by managing director Ira Virden and…

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Totem Lake Mall in Kirkland to Undergo $200M Renovation, Expansion

Totem Lake Mall in Kirkland to Undergo $200M Renovation, Expansion

The Totem Lake Mall in Kirkland was recently acquired by a joint venture consisting of CenterCal and PCCP LLC. The Village at Totem Lake LLC purchased the property from Developers Diversified Realty and Coventry Real Estate Advisors for a total of $35.5 million. The new owners are looking to…

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Berkadia Provides Financing for Affordable, Student Communities in Greater Seattle

Berkadia Provides Financing for Affordable, Student Communities in Greater Seattle

Berkadia’s local office recently announced that it has arranged financing for two residential communities located in the greater Seattle area. The student housing property and affordable housing property are located in Lynwood and Maple Valley, respectively. The commercial real estate company originated a total of $15.3 million in financing for…

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Berkadia Provides Financing for Affordable, Student Communities in Greater Seattle

Berkadia Provides Financing for Affordable, Student Communities in Greater Seattle

Berkadia’s local office recently announced that it has arranged financing for two residential communities located in the greater Seattle area. The student housing property and affordable housing property are located in Lynwood and Maple Valley, respectively. The commercial real estate company originated a total of $15.3 million in financing for…

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Microsoft Office Trades Hands as Kilroy Sheds 10 West Coast Assets

Microsoft Office Trades Hands as Kilroy Sheds 10 West Coast Assets

Kilroy Realty Corp. recently offloaded a consistent amount of inventory that netted the company approximately $309.2 million in gross proceeds. The real estate investment trust sold ten office properties totaling roughly one million square feet of space with an average occupancy rate of 84 percent.…

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Enterprise Community Investment Marks 2,000th LIHTC Investment

Enterprise Community Investment Marks 2,000th LIHTC Investment

Cheryl Chow Court, located in the Ballard neighborhood of northwestern Seattle, offers 50 studio and one-bedroom affordable apartments for formerly homeless and low-income seniors in an area undergoing a boost in development of luxury, market-rate apartments.…

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New Legislation Allows Uptick in Affordable Housing, Though City Far Behind Current Target

New Legislation Allows Uptick in Affordable Housing, Though City Far Behind Current Target

King County recently passed new legislation regarding affordable housing, paving the way for the addition of nearly 900 new units during the following five years. Due to measures taken by the State Legislature, the county will now be able to issue workforce-housing bonds worth up to $45 million. The bonds…

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