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Schuster Group Tops Off Walton Lofts Project in Belltown

Schuster Group Tops Off Walton Lofts Project in Belltown

Earlier this year, we covered part of The Schuster Group’s activity in the Seattle multifamily market, when the vertically integrated real estate company announced the sale of its Joseph Arnold Lofts, and the focus of its attention on a similar project in the proximity of that asset, the Walton Lofts.…

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Woodinville Industrial Property Acquired in $30M Transaction

Woodinville Industrial Property Acquired in $30M Transaction

A Class A five-building industrial asset recently traded hands in the Pacific Northwest as a sovereign wealth fund that is advised by KBS Realty Advisors paid around $30 million for a property in the Eastside industrial market. The Park at Woodinville is a warehouse and light-manufacturing infill project that was…

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Development Site Near Amazon’s Denny Triangle Project Trades Hands in $14M Deal

Development Site Near Amazon’s Denny Triangle Project Trades Hands in $14M Deal

This week it was reported that a development site in downtown Seattle’s Denny Triangle traded hands for a fee of $14.32 million. The site includes two adjacent parcels listed as 1820 Terry Avenue and 1007 Stewart Street, a total of 20,760 square feet of land in one of the most…

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TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development

TODAY’S DEALS: Canyon Capital Provides $124M Senior Construction Loan for Miami Development

Canyon Capital Realty Advisors has provided $123.6 million for a 57-story luxury residential condominium development in the heart of Miami’s Financial District; and NorthMarq Capital's Seattle office finalizes two multifamily transactions totaling $52.709 million.…

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Prime Residential Acquires Two Seatac Residential Communities, Breaks South King County Record for Per-Unit Price

Prime Residential Acquires Two Seatac Residential Communities, Breaks South King County Record for Per-Unit Price

While the city of Seattle has held the spotlight in terms of residential deals, records seem to be falling elsewhere in King County. The current per-unit record fee in South King County was recently shattered as the 140-unit Belvedere Apartments community was acquired by Prime Residential for $28 million, or…

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440-Unit Arbor Creek Property in Beaverton Trades Hands

440-Unit Arbor Creek Property in Beaverton Trades Hands

Arbor Creek, a large multifamily property in Beaverton, OR recently traded hands. The new owner is Jackson Square Properties, an entity that acquired the residential asset from seller Holland Partner Group in a transaction that was arranged by commercial real estate and capital markets service provider Holiday Fenoglio Fowler. The…

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Compass Housing Alliance Set to Hold Opening of Compass on Dexter Affordable Housing Development

Compass Housing Alliance Set to Hold Opening of Compass on Dexter Affordable Housing Development

The latest affordable housing project by Compass Housing Alliance is ready for its official opening this month. The developer’s new Compass on Dexter affordable community is targeting formerly homeless and low-income households in order to provide permanent living arrangements. …

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JB Matteson Acquires Northshore Townhomes in Kenmore in $22M Deal

JB Matteson Acquires Northshore Townhomes in Kenmore in $22M Deal

A rental condominium property in Kenmore, WA is the latest asset to become part of JB Matteson’s shopping spree on the West Coast. The San Mateo, CA-based private real estate investment manager recently acquired the Northshore Townhomes from seller Grosvenor Americas USA for a fee of $22.1 million. The property…

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The Studios Center for the Performing Arts Set for October Opening in Downtown Seattle

The Studios Center for the Performing Arts Set for October Opening in Downtown Seattle

The Seattle arts scene is set to be expanded as a new performing arts center is ready for an upcoming opening. The Studios Center for the Performing Arts is the result of the work carried out by Ryan Waite and Shanna Waite, a Seattle-based couple with an interest in the…

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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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