Multifamily news in Marketing - Seattle

  • Columbia City Condos to Break Ground This Summer

    BDR Urban LLC is planning to complete the 96-unit Sonata Condominiums project in southern Seattle by the end of 2019.

  • Pinnacle Hires New Regional Marketing Director in Seattle

    Trevor Park specializes in social media, consumer behavior and omni-channel campaigns in multifamily marketing.

  • 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 late next year.

  • Portland’s Block 300 Receives LEED Gold Certification as Leasing Continues at Newly Renovated Asset

    Block 300 in Portland, one of the most high-profile office properties in the Pacific Northwest city has recently completed a major milestone. The property was awarded with LEED Gold certification for Existing Buildings: Operations & Maintenance by the United States Green Building Council. The certification is a result of the recent modifications brought to the asset, a recent renovation process having been carried out at the facility by the owning joint venture between JPMorgan, Starwood Capital Group, and Kaufman Jacobs.

  • 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 transaction on behalf of both the buyer, and the seller, a private equity group from the Midwest.

  • 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 deals for properties in Seattle and Portland respectively.

  • Radiator Building Signs First Major Tenant

    One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One North Development with the Kartini Clinic, an entity that deals with the treatment of eating disorders in children and young adults. The new tenant will occupy the top two of the five floors of the Radiator building starting with March 2015.

  • 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 $57.7 million. That same statement pegged the closing date for the deal sometime next month.

  • New M-F Deal Completed in Seattle as Company Continues Shopping Spree

    As Seattle continues to grow and its development pipeline keeps being populated, investors are obviously keeping one eye on the city’s multifamily assets. One company that has recently moved on the market is JB Matteson Inc, with the company announcing the acquisition of Greenhouse Apartments, in a deal worth $32.1 million. The San Mateo, CA-based company is the new owner of the Columbia City residential asset. Property management services will be handled by E&S Ring Management Corporation, who currently manages other JB Matteson properties.

  • Corporate Park in Kent Fetches $170M, in Northwest’s Largest Industrial Sale

    A landmark deal was recently completed after the Pacific Northwest’s largest industrial property finally traded hands for quite the fee. The Northwest Corporate Park in Kent was acquired by an affiliate of New York-based private equity fund manager KTR Capital Partners. The deal cost the buyer a staggering $170 million, a price tag that makes the transaction the largest of its kind in the entire Northwest, and one of the reference points of the West Coast real estate market in 2013.

  • Kilroy Snaps Up $170M Office Property in Booming South Lake Union

    Located on an entire city block at 320 Westlake and 321 Terry Avenue North, the 320,399-squar foot office campus was built in 2007. It is set on a major transit line with other mass transit arterials located in the immediate vicinity of the facility. The two-building Westlake Terry has the advantage of LEED Gold certification from the United States Green Building Council, and is therefore a much sought-after type of office building.

  • Seattle’s Office, Retail Markets Soar in Grubb & Ellis Forecast

    By Alex Girda, Associate Editor Seattle appears to be poised to rank high among  invesment’s frontrunners again in 2012. A recent Grubb and Ellis Co. report places Seattle’s office market in second place nationwide during a year in which that recovery will continue [...]

  • Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?

    By Alex Girda, Associate Editor Hines is in line to acquire Fisher Plaza complex from owner Fisher Communications in a $160 million deal, the Seattle Times disclosed. The seller will stay on as the largest tenant at the 300,000-square-foot property. Located near [...]

  • Deal of the Year for Denny Triangle Buildings

    By Alex Girda, Associate Editor Seattle is back in a big way. The amount of positive buzz and increased activity that has sparked up since the beginning of fourth quarter 2010 has been confirmed recently with a move for the record [...]

  • NOAA Site Awaits Next Chapter; Facebook Eyes Growth

    By Alex Girda, Associate Editor   For several years now, Seattle’s vibrant South Lake Union submarket has been the site of innovative projects that have drawn retail, high-tech and medical tenants, as well as a growing residential community. That poses an intriguing [...]