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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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Grosvenor Sells BluWater Luxury Community to Coast Equity Partners for $25M

Grosvenor Sells BluWater Luxury Community to Coast Equity Partners for $25M

As the greater Seattle residential market continues to stimulate investors, BluWater, a luxury residential community in Everett, WA recently traded hands in a deal worth $25.5 million. The multifamily asset was acquired by Coast Equity Partners from owner Grosvenor Americas. The seller was advised by a team of Kidder Matthews…

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DiNapoli Capital Partners Acquires Pearl District Residential Community in $37M Deal

DiNapoli Capital Partners Acquires Pearl District Residential Community in $37M Deal

Portland’s Pearl District is attracting a large amount of interest lately, with investors ready to move on any great opportunities. Honeymoon Hardware Lofts was recently sold by a joint venture between Seattle-based Security Properties Inc. and Lubert-Adler Partners from Philadelphia to buyer DiNapoli Capital Partners for a total fee of…

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LMN Architects Reportedly Chosen as Lead for Washington State Convention Center Expansion

LMN Architects Reportedly Chosen as Lead for Washington State Convention Center Expansion

As Seattle continues to grow in terms of office and residential real estate, the city has for some time remarked the need of expanding its offering in terms of major events. To that effect, the Washington State Convention Center has announced that a team consisting of GGN, LMN Architects and…

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