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Hudson Pacific Agrees to $57M Fee for Merrill Place in Off-Market Transaction

Hudson Pacific Agrees to $57M Fee for Merrill Place in Off-Market Transaction

A purchase agreement for an office and retail asset in Seattle’s Pioneer Square submarket was recently struck between buyer Hudson Pacific Properties and a joint venture between Angelo Gordon, Nitze-Stagen and Mile Rock Capital. According to a recently released press statement, the off-market transaction will have a value of approximately…

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Vancouver Apartment Community, Portland Industrial Facility Trades Mark Week

Vancouver Apartment Community, Portland Industrial Facility Trades Mark Week

The Pacific Northwest has had a good week as a number of deals perfected across the region continue to indicate the fact that the local real estate market is currently thriving. A recent press statement announced the acquisition of The Villas at Bridge Creek, an apartment complex in Vancouver, WA,…

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Condo Prices Up in Three Major West Coast Markets

Condo Prices Up in Three Major West Coast Markets

Condo prices increased significantly in downtown Seattle, Los Angeles, and San Francisco over the past year according to a recent report by The Mark Co.…

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Washington State Convention Center Acquires Nearby Parcels for $56.5M While Pondering Expansion Options

Washington State Convention Center Acquires Nearby Parcels for $56.5M While Pondering Expansion Options

As the Pacific Northwest continues to grow, the hospitality markets in Seattle and Portland are growing as well. Now both of the major cities in the area have seen the necessity of a larger convention center in order to cash in on the growing market for large events. Other cities…

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AEW Buys Renton Shopping Center from Pearlmark Harvest Lakeshore in Blockbuster Deal

AEW Buys Renton Shopping Center from Pearlmark Harvest Lakeshore in Blockbuster Deal

A massive retail transaction was recently completed for a large Renton property in a deal worth approximately $165.4 million. A unit of Boston-based investment fund AEW Global purchased the The Landing shopping center from its now former owner and developer Pearlmark Harvest Lakeshore. Following the transaction, management duties for The…

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TruAmerica Contiues to Grow with Two Class A Acquisitions

TruAmerica Contiues to Grow with Two Class A Acquisitions

TruAmerica Multifamily is two steps closer to reaching its goal of a $1 billion portfolio by mid-2015 thanks to purchases in Gilroy, Calif., and Federal Way, Wash. …

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Holland Partners Closes $80M Property Acquisition in South Lake Union, with Plans for M-U Development

Holland Partners Closes $80M Property Acquisition in South Lake Union, with Plans for M-U Development

The approved rezoning of South Lake Union, one of the most popular development areas in the much improved city of Seattle, is already paying off. The Puget Sound Business Journal recently reported that Holland Partners, one of the most active development companies in the local market, recently completed the acquisition…

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Othello Partners Awaits Design Review on New Rainier Valley Residential Project

Othello Partners Awaits Design Review on New Rainier Valley Residential Project

Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. The Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential…

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Othello Partners Awaits Design Review on New Rainier Valley Residential Project

Othello Partners Awaits Design Review on New Rainier Valley Residential Project

Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential market.…

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Seattle’s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties

Seattle’s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties

As the city skyrockets in terms of development, a big change was recently announced to its skyline. Earlier this week, local developer Greg Smith expressed plans to build the city’s tallest building, setting a new bar for new developments in terms of both height and ambition. According to the Puget…

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65-Year-Old Downtown Portland Office Asset Trades Hands as Local Vacancies Dwindle

65-Year-Old Downtown Portland Office Asset Trades Hands as Local Vacancies Dwindle

One of Portland’s landmark office properties traded hands this week when a Unico Properties LLC-controlled investment fund paid a hefty $41 million for a downtown asset. The joint venture between Unico and Cigna Realty Investors purchased the Commonwealth Building from seller Commonwealth Acquisition LLC. Unico Properties previously acted as the…

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Planned Legacy Community to Draw on Appeal of Silicon Canal

Planned Legacy Community to Draw on Appeal of Silicon Canal

As the tech cred of Seattle continues to improve, the city is witnessing an escalation in the number of residential projects designed and built in order to accommodate the young professionals that will be populating the new office complexes. To that effect, Legacy Partners Residential has lined up a new…

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