Washington
“Head Tax” Passage Will Resonate Beyond Seattle
Amazon hometown Seattle has enacted a “head tax” on the city’s major businesses in order to pay for homeless aid… Read more
JLL Achieves New High-Water Mark in Seattle MF Sale
The Cove, a newly-completed 60-unit apartment property at 601 E. Pike St. in Seattle’s Capitol Hill neighborhood, has traded hands.… Read more
Transwestern Reports Banner Year for U.S. Industrial Sector
The U.S. industrial market is the darling of commercial real estate asset classes. That fact is borne out in the… Read more
GreenOak Raises $1.6B for U.S. CRE, Largest Fund So Far
New York-based GreenOak Real Estate raised $1.55 billion for a third U.S. fund, which amounts to its largest so far.… Read moreSeattle – Weather
[awesome-weather owm_city_id=”5809844″ location=”Seattle” size=”tall” forecast_days=”hide” hide_stats=”0″ show_link=”false” custom_bg_color=”#e2e4e4″ text_color=”#4597cb” hide_attribution=”1″] Read more
DivcoWest, CalSTRS Form New $300-Million CRE Venture
DivcoWest Real Estate Services, LLC entered into a new $300-million venture with the California State Teachers’ Retirement System (CalSTRS). The… Read more
Kennedy Wilson Fund Acquires 300K-SF Puget Sound Campus
CBRE Capital Markets arranged $34.5 million in acquisition financing for Redmond East Business Campus, which was purchased by a closed-end… Read more
Nestle Gains Rights to Market Starbucks for $7B
Swiss food giant Nestle made a $7.15B deal, the third biggest in its 152-year history, by signing for the rights… Read more
Multifamily Rent Growth Springs into Gear
Multifamily rents in the U.S. performed strongly in April, rising $4 to $1,377, according to a survey of 121 markets by Yardi Matrix. Rents… Read more
SeaTac’s Olympic Industrial Park Changes Hands
Wells Fargo Wealth Management, on behalf of an undisclosed 1031 exchange buyer, purchased Olympic Industrial Park from Avenue 55 for… Read more
San Francisco Investor Buys Seattle MF for $53M
San Francisco Bay Area-based JB Matteson, Inc. acquired Origin Apartments, a 153-unit multifamily property in Seattle’s Lake City community from… Read more
JLL Closes $48M Loan for Seattle Waterfront Apartments
Mack Real Estate Group secured $48 million to refinance the newly-opened 16-story Cyrene apartment community in downtown Seattle. The 169-unit luxury… Read more
New Tax Plan May Boost U.S. Apartment Sector
The recently-enacted U.S. tax reform bill is poised to benefit the U.S. multifamily investment market, according to CBRE. Researchers looked… Read more
Amazon Expands into 430K SF in Boston Seaport Development
Amazon plans to expand its Boston Tech Hub and create an additional 2,000 technology jobs in fields including machine learning,… Read more
JLL Adds 14 MF Pros, Expands West, SW Footprint
JLL expanded its multifamily platform with the addition of 14 professionals across the West. Joining JLL in Phoenix from Walker… Read more
Prologis Acquiring DCT Industrial Trust for $8.4 Billion
San Francisco-based Prologis, Inc. is acquiring DCT Industrial Trust Inc. for $8.4 billion in a stock-for-stock transaction. The boards of… Read more
Dermody Properties Breaks Ground on 410K SF Near Seattle
Reno, NV-based Dermody Properties broke ground on LogistiCenter at Woodinville, a new industrial park in Woodinville, WA, east of Seattle.… Read more
LBA Picks Up Pair of Puget Sound Assets
Irvine, CA-based LBA Realty acquired a two-building Puget Sound industrial portfolio for $14.5 million from an unnamed seller. The Kent… Read more
Clutter Claims 104K SF on Puget Sound
Clutter signed a 104,166-square-foot lease at Des Moines Creek Business Park in Des Moines, WA. The full-service storage company will… Read more