TA Realty Takes Seattle MF for $128M

TA Realty acquired Pike Motorworks in Seattle from an affiliate of the Wolff Co. for more than $128.3 million. The former BMW dealership was converted into a seven-story 260-unit residential property in 2015. The nearly 1.5-acre site is located at 714 E. Pike St. on Capitol Hill. Wolff had acquired the property in 2012 for

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John Quinn Joins First Industrial to Lead in NorCal, Seattle

Chicago-based First Industrial Realty Trust, Inc. added John Quinn to its team. He joins as regional director/market leader for its Northern California and Seattle regions and will be based in Oakland, CA. He most recently served at IDS Real Estate Group. Quinn will be responsible for growing the portfolio through acquisitions, development and leasing in

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Acquisition Financing Arranged for Historic Seattle Georgetown MXU Campus

ScanlanKemperBard (SKB) secured $32.5 million in acquisition financing for the Original Rainier Brewery, a four-building, 187,466-square-foot creative, mixed-use campus in Seattle’s historic Georgetown neighborhood. HFF’s Tom Wilson and Zachary Kersten worked on behalf of the borrower to arrange the three-year, floating-rate loan, with two one-year extension options with a debt fund. SKB plans to further

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KBS Acquires Puget Sound Asset for $48M

Newport Beach, CA-based KBS acquired the Offices at Riverpark in Redmond, WA on behalf of a sovereign partner from an undisclosed Boston-based investment firm for $48.1 million. The property is a five-story, Class A office building, spanning 106,281 square feet and touting 100% occupancy. The property currently leases space to a diverse set of companies

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Redbox ‘Checks Out’ New Offices in Bellevue, WA

Construction is complete on the new 13,000-square-foot offices of Redbox Automated Retail LLC located at 15500 SE 30thPlace in Bellevue, WA. Redbox specializes in DVD, Blu-ray, 4K UHD and video game rentals via automated retail kiosks. The work included the design and construction of a new breakroom that is flexible enough to function as a breakout and

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1.2M-SF Seattle Office Campus Approved

Urban Visions received permit approval from the City of Seattle for S campus, a 1.2-million-square-foot development planned to include office and ground-level retail space. The five-building campus is situated on an expansive nearly seven-acre site located in the south downtown submarket adjoining the historic Pioneer Square and Chinatown neighborhood districts. The site is directly east

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Seattle Investor Snags Five-Property Western MF Portfolio for $100M

Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily assets on behalf of Seattle-based Investors Capital Group, LLC. The acquired properties are in four western states: Washington, Idaho, Utah and Arizona. The structured facility features five tranches of fixed-rate debt with 10- and 12-year

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Amazon Snags Puget Sound Property for $195M, Eyes Development

Amazon is making its first asset buy in Bellevue, WA. An affiliate of the online retail giant, Acorn Development, is acquiring Bellevue Corporate Plaza from Chicago-based Equity Commonwealth for a reported $194.9 million. The Eastside property at 600 108th Ave. N.E. encompasses a 10-story, 256,830-square-foot office building that was built in 2016. The site also

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Russell Wilson, A-Rod Expand TruFusion Studios to Washington

Russell Wilson and Alex Rodriguez partnered with local entrepreneurs Scott Swerland and Taryn Naidu to bring rapidly-expanding TruFusion studios to Washington state. The ownership group plans on opening more than 10 locations across Washington over the next couple of years. TruFusion’s Alex Rodriguez says, “I only take group classes. That’s the one thing that makes

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