City: Seattle
Oxford Properties Buys Seattle Apartment Building for $320Mln
Multi-Housing News Oxford Properties Group has bought the 461-unit Kiara Apartments in Seattle for $320 million, or $694,143/unit. The Toronto real estate investment company bought the 41-story property, at 970 Denny Way, from a venture of Holland Partner Group and ...
Seattle Apartment Property with 185 Units Sold for $66.5Mln
Multi-Housing News A venture of RISE Properties Trust and Westbrook Partners has bought the 185-unit Alto Apartments in Seattle for $66.5 million, or $359,459/unit. The venture purchased the 17-story building, at 311 Cedar St., from Hartz Mountain Industries, which had ...
Medical-Office Building in Everett, Wash., Sold for $20.8Mln
Commercial Property Executive DaVita Inc. has bought the 69,169-square-foot Everett Clinic Founders Building in Everett, Wash., for $20.8 million, or $300.71/sf. The Denver provider of dialysis services purchased the medical-office property, at 3901 Hoyt Ave., from the Everett Clinic in ...
Intercontinental Real Estate Partners on Seattle Office Development
Intercontinental Real Estate Corp. has broadened its investment reach in Seattle by partnering with Wright Runstad & Co. on 400 University@Rainier Square, a 122,000-square-foot office development in the city's downtown. The Boston investment manager already has a presence in Seattle. ...
Seattle-Area Shopping Center Sold for $13.4Mln
Rentv.com The Clemens Himmelspach Credit Trust has sold the 24,700-square-foot Woodinville Mall in Woodinville, Wash., for $13.4 million, or $542.51/sf. The buyer was not identified. The seller, which was represented by CBRE, had acquired the retail property in 2011 for ...
Venture Buys Seattle-Area Office Building for $45.45Mln
The Ryan Cos. has partnered with HAL Real Estate to pay $45.45 million, or $309.71/sf, for the 146,750-square-foot office building at 3033 77th Ave. NE in the Seattle suburb of Mercer Island, Wash. The venture bought the five-story property from ...
Seattle-Area Apartments Sold for $16.2Mln
Goodman Real Estate Inc. has paid $16.2 million, or $162,000/unit, for the 100-unit Inlet View Apartments in Silverdale, Wash., a Seattle suburb. The Seattle developer bought the seven-building complex, at 9880 Bushlac Lane NW, from an unidentified seller that was ...
Equity Commonwealth to Sell Seattle-Area Office Building for $401.5Mln
Commercial Real Estate Direct Staff Report Equity Commonwealth has agreed to sell the 435,406-square-foot Tower 333 office building in the Seattle suburb of Bellevue, Wash., for $401.5 million, or $922/sf. The deal is expected to close by March 12. The ...
Turner Impact Buys Workforce Apartments Near Seattle for $49.8Mln, Assumes $34.2Mln Loan
Turner Impact Capital has paid $49.8 million, or $207,500/unit, for the 240-unit Sunset View Apartments in Renton, Wash. The Santa Monica, Calif., real estate investment company bought the property, at 2101 SW Sunset Blvd., from a venture of Meter Properties, ...
801 Fifth Ave.
F5 Tower mixed-use building is fully leased. KKR funded its purchase with $346.1 million of debt from Barclays Bank and Deutsche Bank, which are including a piece of the $297.6 million of senior financing in an upcoming CMBS conduit transaction. ...
Mesa West Lends $66.5Mln Against 2 Seattle-Area Apartment Properties
Mesa West Capital has funded two loans totaling $66.5 million against a pair of apartment properties with a total of 361 units in Kent, Wash., which is just south of Seattle. The two properties, Lake Meridian with 175 units at ...
Apartment Complex in Everett, Wash., Sold for $29Mln
Commercial Real Estate Direct Staff Report Goodman Real Estate Inc. has paid $29 million, or $201,388/unit, for the 144-unit Greensview Apartment Homes in Everett, Wash. The Seattle investment manager bought the property, at 1520 West Casino Road, from Glen Una ...
325 Ninth Ave. North
Amazon at Apollo creative office building
KKR Pays $458Mln for Seattle Offices, Gets $346.1Mln of Financing
An affiliate of KKR & Co. paid $458 million, or $888.43/sf, for the 515,518 square feet of office space at the F5 Tower mixed-use building in downtown Seattle. The private-equity giant bought the fully leased space from a venture of ...
1529 Queen Anne Ave. North
Gilbert House The four-story building, developed in 2005, is in the city's Upper Queen Anne submarket and includes 10,577 square feet of ground-floor retail space and an underground parking garage. The fully leased retail space is occupied by a hair ...
4300 Roosevelt Way NE and 4311 11th Ave. NE
Roosevelt Commons office campus is fully leased.
Pru Writes $60.3Mln Fannie Loan Against Seattle-Area Apartments
Commercial Real Estate Direct Staff Report Prudential Multifamily Mortgage LLC has written a $60.3 million Fannie Mae loan to help fund S. Lew & Associates' $90 million purchase of the 401-unit Avery at the Reserve apartment complex in Federal Way, ...
Seattle-Area Apartment Complex Sells for $90Mln
S. Lew & Associates has paid $90 million, or $224,439/unit, for the 401-unit Avery at the Reserve apartment complex in the Seattle suburb of Federal Way, Wash. The San Diego real estate investment company bought the 31-year-old property, on 39.2 ...
MetLife Lends $204Mln to Recapitalize Seattle-Area Office Complex
MetLife Investment Management has provided $204 million of financing against One Twelfth @ Twelfth, a 480,187-square-foot office complex in Bellevue, Wash., as part of the three-building property's recapitalization. The property, at 1100 112th Ave. NE, just off Interstate 405, was ...
811 112th St. SW
The property, Colby Creek Apartments is encumbered by a $28.2 million Freddie loan that's in FREMF, 2013-K24. It pays a 3.62 percent coupon and matures in September 2022. Colby Creek's cash flow was on a $3.6 million run rate this ...
10811 SE 230th Place
The property, Mosaic Hills is encumbered by a $41.2 million Freddie Mac loan securitized through FREMF, 2017-K724 trust and a $6.12 million junior Freddie loan that's in FREMF, 2019-KJ24. The 2017 financing carries a fixed 3.32 percent interest rate, and ...
Cerberus-Led Venture Buys Office Complex in Renton, Wash., for $63Mln
A venture of Cerberus Capital Management and LPC West has bought the 407,107-square-foot Triton Towers in the Seattle suburb of Renton, Wash., for $63 million, or $154.75/sf. The venture acquired the office property, at 700 South Renton Village Place, from ...
Venture Pays $79Mln for 2 Seattle-Area Apartment Properties
Multi-Housing News A venture between Phoenix Realty Group and Hanover Real Estate Investors has paid $79 million, or about $218,837/unit, for a pair of apartment properties with a combined 361 units in suburban Seattle. Local investor Peter C.C. Wang was ...
Madison Realty Lends $27Mln Against Apartments, Development Site in Washington State
Madison Realty Capital has provided $27 million of financing for the development of an apartment project in Tacoma, Wash., and to retire debt against a multifamily development site in Seattle. North America Asset Management Group borrowed the loan. The Bellevue, ...
Venture Buys Seattle-Area Apartments for $163.25Mln
Security Properties has partnered with Pacific Life to buy the 398-unit Anthology apartment complex at 1610 Anthology Ave. Northwest in Issaquah, Wash., for $163.25 million, or $410,175.88/unit. The venture bought the property from the Wolff Co., which had acquired the ...
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