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Industry Pros Still Bullish on West Coast Real Estate
Kevin Shannon, co-head of U.S. Capital Markets for Newmark Knight Frank; Stephen Rosetta, executive vice president and chief investment officer at Kilroy Realty Corp.; and Steve Briggs, principal and chief investment officer at LBA Realty, at the Allen...

Singapore's CapitaLand Storms Into U.S. Apartment Market with 16-Property, $835 Million Purchase
The Ashton Apartments in Corona, California is one of 16 properties being acquired by CapitaLand in an $835 million deal.Singapore’s CapitaLand Ltd. is entering the U.S. apartment market with a splash, buying an $835 million portfolio of rentals in western...

Condos Are Making a Comeback in the Puget Sound Region
Seattle sticks out as one of the most active multifamily markets in the country, but the vast majority of properties to open have been rental units. Up until recently, condo development this cycle was rare, but developers willing the test the waters have...

Price War for Brookstone Heats Up With $56.4M Bid
Bluestar Alliance has made a $56.35 million bid for retailer Brookstone. Some Brookstone stores may stay open after all, thanks to an emerging bidding war over the retailer of tech-focused gadgets and gifts that filed for Chapter 11 bankruptcy protection...

Irvine, California-Based Investor Buys Renton Warehouse for $11.3 Million
Investment firm LBA Realty acquired the former Brady Building, an 81,700 square-foot industrial building located at 3002 Lind Ave. SW in Seattle suburb Renton, for $11.3 million, or $138 per square foot. The Irvine, California-based company acquired...

610 Market Building Trades for $5.3 Million
A private investment partnership taking title as 610 Market Street LLC acquired the two-story 610 Market Building office in Kirkland, Washington, from another private investor for $5.3 million, or approximately $394 per square foot. The 13,449-square...

Speculative-Build Office Tower 2 + U Taking Shape in Downtown Seattle
Downtown Seattle has become a haven for speculative office development this cycle, with the next wave of projects, including the 40-story office tower 2+U, likely to court other developers and investors who want a part of the action. Developers are...

Santa Monica-Based Firm Buys The James Apartment Complex in Lakewood
Image Credit: Holland Photography. Investment firm Watt Cos. purchased The James, a 144-unit apartment complex in Lakewood, Washington, for $18.05 million or about $125,000 per unit. The Santa Monica, California-based company acquired the multifamily...

Microsoft Canada Moving National Headquarters to CIBC Square in Downtown Toronto
Microsoft Canada is moving its national headquarters to downtown Toronto's CIBC Square, a move the company says is part of an overall expansion in the country. Montreal-based Ivanhoé Cambridge and Houston-based Hines said Tuesday they had signed Microsoft...

Carlyle Group Raises $5.5 Billion for Eighth U.S. Real Estate Fund, Exceeding Target
The Carlyle Group purchased the 144-unit Brookside Apartments in Boulder, Colorado, earlier this year for $51 million. Global alternative asset manager Carlyle Group's eighth U.S. real estate fund, focused on opportunistic targeted investments across...

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