Array Engineering Firm Atwell Expands with New Office in Tacoma Seattle & Northwest + Seattle + Office | September 25, 2023 TikTok Expanding Seattle Office Space to Support E-Commerce Business Seattle & Northwest + Seattle + Office | September 22, 2023 Seattle-Area Buildings Prime for Office-to-Housing Conversion Seattle & Northwest + Seattle + Office | September 25, 2023 FEATURED STORY Seattle & Northwest CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More Seattle & Northwest Stories More Stories Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. 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A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Oregon Stories Sabey to Build New Data Center Campus in Umatilla Seattle & Northwest + Oregon + Industrial | September 14, 2023 Sabey Data Centers, a designer, builder and operator of multi-tenant data centers, is planning to expand into Umatilla, Oregon. Sabey purchased 60 acres to develop a 100+ MW state-of-the-art data center campus. Sabey Data Centers expects to begin development in 2024. SDC Umatilla will be a 700,000-square-foot data center campus supporting 100+ MW of critical … CBRE Facilitates Sale of 228-Unit Bend MF Community Seattle & Northwest + Oregon + Apartments | August 29, 2023 CBRE facilitated the sale of the Seasons at Farmington Reserve, a 228-unit multifamily community in Bend, Oregon, to ColRich. CBRE’s Josh McDonald, Joe Nydahl, and Phil Oester represented the seller, Seattle-based Security Properties. Located at 61560 Aaron Way, the garden-style community was built in 2017 and spans nine, three-story residential buildings and a clubhouse. It … Latest Pacific Northwest Stories Pest Share Secures $4.5M to Revolutionize Pest Control in PM Seattle & Northwest + Pacific Northwest + Apartments | August 23, 2023 Pest Share, a Software as a Services (SaaS) platform providing cost-effective, on-demand pest control services to residents and simultaneously boosting revenue for property managers, announced its seed raise of $4.5 million. The capital will fuel the expansion and advancement of its operations and technology platform. The round was led by MetaProp and Capital Eleven, with … Wood Investments Secures $39M Refinancing for Boise Shopping Centers Seattle & Northwest + Pacific Northwest + Retail | August 14, 2023 Wood Investments Companies, Inc. has secured $39.1 million in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers are located in Meridian, Idaho. Gateway Marketplace was refinanced with a $16.5 million permanent loan. Tim Winton, Senior Vice President of Keystone Mortgage Corporation, based in … Connect TeamDennis KaiserVice President, Public Relations & CommunicationsPaul BubnySenior Content DirectorDaniel CenicerosCEOView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Portland Stories Urban Renaissance Unveils Plans to Turn Lloyd Center Into Mixed-Use Neighborhood Seattle & Northwest + Portland + Retail | September 22, 2023 The owners of Lloyd Center, Portland’s oldest mall, Urban Renaissance Group and KKR Real Estate Finance Trust, unveiled their conceptual master plan to redevelop the 29.3-acre site into a mixed-use hub. The plan envisions transforming the 1960s-era mall and surrounding parking lots into a mixed-use neighborhood and lifestyle-oriented regional destination. The reimagined layout will … Spear Street Capital Buys Leland James Office Building for $41M Seattle & Northwest + Portland + Office | September 21, 2023 Newmark arranged the sale of Leland James, a newly redeveloped 118,104-square-foot multi-tenant office building in Portland’s Slabtown District. The asset was fully occupied at the time of sale. Newmark Vice Chairman Nick Kucha, Senior Managing Director James Childress and Associate Director Jakob Nicholls represented the seller in the transaction. The buyer was Spear Street Capital. … Latest Seattle Stories Seattle-Area Buildings Prime for Office-to-Housing Conversion Seattle & Northwest + Seattle + Office | September 25, 2023 In a new working paper published recently by the National Bureau of Economic Research, researchers at New York University and Columbia University determined that 11% of office buildings in the U.S. are physically suitable for conversion to apartments. Converting offices into apartments is gaining popularity amid housing shortages in cities across the nation. Dozens of … Engineering Firm Atwell Expands with New Office in Tacoma Seattle & Northwest + Seattle + Office | September 25, 2023 Atwell, an engineering firm that provides planning, landscape architecture, and construction services, is continuing its expansion in the Pacific Northwest. The company opened a new office located at 1148 Broadway in Tacoma, Washington. Jim Cook, Associate Director at Atwell, is leading the Tacoma team, which includes project managers, designers, engineers, and permit technicians. With this … Latest Washington Stories Dwight Mortgage Trust Provides $23M for Vancouver MF Property Seattle & Northwest + Washington + Apartments | September 20, 2023 Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $23.6MM bridge refinance for Prairie Home Apartments, a 120-unit newly constructed apartment community in Vancouver, Washington. Proceeds from the bridge loan will be used to retire existing construction debt. McBride Capital brokered the transaction for the borrower, RRC Group, LLC. Dwight Mortgage Trust LLC … Gantry Secures $7.5M Loan for Vancouver Townhome Community Seattle & Northwest + Washington + Industrial | August 18, 2023 Gantry has secured a $7.5 million, cross-collateralized, permanent loan to retire construction debt from the development of 24 build-for-rent townhomes in Vancouver, Washington. Gantry Director Charlie Kokernak secured the financing on behalf of the borrower, a private real estate developer. The loan features a fixed rate and includes an interest-only term through the entirety of … Latest Stories FromOSP Closes $600M Value Fund for “Unloved” C&I LoansAlternative Assets | September 25, 2023O’Brien-Staley Partners announced the final close of OSP Value Fund IV, securing over $600 million for “unloved” business loans, bringing the firm’s total raised to $2.3 billion. OSP began fundraising in the first quarter. As well as existing LPs, many of whom have steadily increased their commitments since the inception of OSP’s first value fund ...South Carolina Retirement Backs KPS Special Situations FundAlternative Assets | September 25, 2023The South Carolina Retirement System Investment Commission, which manages $40 billion in assets, is backing private equity firm KPS Capital Partners’ Special Situations Fund VI. The firm is targeting an $8 billion raise. KPS has also received $100 million from the Los Angeles City Employees’ Retirement System (LACERS) for the vehicle, as well as $25 ...SkyKnight Soars to $1B Close with Fourth FundAlternative Assets | September 25, 2023Buyout firm SkyKnight Capital held the final closing of its fourth fund, SkyKnight Capital Fund IV, with $1 billion in capital commitments from endowments, foundations, pensions, family offices and institutional investors. The latest fund from the San Francisco-based firm is significantly larger than the $600 million it raised for the hard cap close of Fund ...Real Estate Tech M&A “Quiet”: CapstoneAlternative Assets | September 25, 2023The real estate technology sector has seen strong demand as service providers have increasingly relied on sector participants’ technology offerings to drive new revenue opportunities, make data-driven decisions, boost operational efficiency, and enhance customer experience, according to Capstone Partners, a middle market investment banking firm, in its September 2023 Real Estate Technology Market Update. While ...
