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05/21/2018
BH Properites Snags Former FAA Renton HQ for $13.4 Million
BH Properties, a Los Angeles-based investor, acquired the former Federal Aviation Administration (FAA) headquarters in Renton, WA from Boston-based Spaulding & Slye for $13.4 million, or about $70 per square foot. Originally built in 1990, the 197...

05/21/2018
Acme Realty Acquires Remi Apartments for $17.7 Million
Acme Realty purchased the 34-unit Remi Apartments complex at 2727 Eastlake Ave. E,. in Seattle for $17.73 million, or about $522,000 per unit. The locally-based investor acquired the multifamily community from Pacific, WA-based Trimark Property Group...

05/16/2018
DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture
Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS)...

05/16/2018
Amazon, Starbucks Blast Seattle Council's Approval of Scaled-Back Business Tax
Amazon said it will resume construction of its Block 18 expansion in Seattle but issued a statement saying the new tax "forces us to question our growth here." The Seattle City Council's approval of a scaled-back corporate tax aimed at addressing the...

05/15/2018
Get Ready Chicago and San Francisco, It's Amazon Go Time
Credit: Amazon Jobs Chicago and San Francisco will soon be hosting new Amazon Go cashier-less grocery stores, according to Amazon.com, which posted job openings for both locations on its website. The job postings confirm rumors that have been running...

05/15/2018
Curtis Capital Sells 95-Unit Des Moines Station for $17.2 Million
Curtis Capital Corp. sold the 95-unit Des Moines Station apartment complex in Des Moines, WA for $17.2 million, or approximately $181,000 per-unit. A private investor taking title as Des Moines Station I LLC acquired the community from the Bellevue...

05/14/2018
Gelt Enters Seattle Market with $74 Million Acquisition of 491-Unit Apt. Portfolio
Gelt, a Los Angeles-based investment shop, acquired a 491-unit apartment portfolio in the Seattle metro from San Francisco-based investor FPA Multifamily, marking its entry into the market. The two-property portfolio traded for $74 million, or about...

05/11/2018
Corporate Housing Shop on the Hunt for Apartments
Reside Worldwide, one of the big managers of corporate housing in the U.S., is set to become a big owner of rental properties. Terry Strongin, executive vice president of Reside Realty Group.The Seattle-based company has hired former Equity 24, LLC...

05/09/2018
Trent Development JV Acquires Shoreline Bldg. in Mixed Use Redevelopment Play
Seattle-based Trent Development, along with a private investment partner, acquired a 24,288-square-foot industrial building in Shoreline, WA from an individual owner taking title as Pearson Family Investment LLC. The property traded for $5.45 million...

05/07/2018
BBG Acquires Integra Realty Offices in Portland, Vancouver
BBG named former Integra Realty executive Owen Bartels as senior managing director Dallas-based BBG has acquired Integra Realty Resources (IRR) offices in Portland and Vancouver, WA, bringing aboard a combined 16 professionals to the expanding valuation...

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