Seattle & Northwest

Affinius Capital has originated a $94.8 million construction loan to finance Zev Corvallis, a 13-story, Class A student housing property in Corvallis, Oregon. The ground-up development will feature 667 beds and 4,500 square feet of retail. The loan was made to Fields Holdings, led by Eran Fields, an existing partner of Affinius Capital. Scheduled to …

Newmark has arranged the $30.9 million sale of Trellis West, a 214,152-square-foot advanced manufacturing and research and development campus in Hillsboro, Oregon, to buyer SKB and KCB Partners. Newmark Director Kellen Kollmorgen represented the seller in the transaction. Leasing efforts at Trellis West were led by Newmark Portland Market Leader and Managing Director Travis Parrott …

Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development …

Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, Idaho. The acquisition marks Brennan’s entry into the Boise industrial market through a fully leased, institutional-quality asset. Completed in 2023, the three tilt-up industrial buildings are strategically located just minutes from Interstate 84 within Nampa, the Boise area’s largest and highest-absorbing industrial submarket. …

Lincoln Property Company and DRA Advisors announced the acquisition of a fully leased, five-building industrial portfolio totaling approximately 299,000 square feet across two established industrial parks in Portland, Oregon. JLL marketed the offering on behalf of the seller. The portfolio includes Kittridge Distribution Center, a three-building,103,000-square-foot park at 4931-5043 NW Front Ave., and Columbia Corporate …

Colliers announced the $30 million sale of Vista Del Rio, a 213-site manufactured housing community located at 17401 SE 39th Street in Vancouver, Washington. Colliers Vice President Alex Cheng represented both the buyer, Desimone Enterprises LLC, and the seller, Vista Del Rio Corporation. Developed in 1978 and operated by the Nielsen family for nearly five …

Affordable housing developer Bellwether Housing and nonprofit Chief Seattle Club will partner on a 200-unit multifamily project in Seattle’s Licton Springs neighborhood. Delivery for the project, called Thunderbird Nest, is scheduled for 2029. The total estimated construction cost is $74.5 million, reported the Puget Sound Business Journal. The majority of the units would be two-, …

Simon announced that a Simon subsidiary has entered into an agreement to acquire University Village, an open-air retail center in Seattle, Washington. Since opening in the 1950s, University Village has been a Seattle community hub. Located north of downtown near the University of Washington, the open-air shopping and dining destination features more than 100 businesses …

Northmarq closed the sale of a 10.62-acre Lowe’s ground lease located at 24050 Pacific Hwy S. in Kent, Washington. Northmarq represented the seller, with the firm’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, brokering the deal in collaboration with Austin Cohn of Wahl & Associates. The …

Newmark has arranged a full-building lease at Prologis Park SeaTac 3, a 265,922-square-foot industrial facility in Des Moines, Washington. Newmark Executive Vice Chairman Thad Mallory, Vice Chairman Taylor Hoff and Managing Director Cam Warren represented property owner Prologis in the transaction. “This submarket has led the way for regional leasing trends for over a decade, …