Washington

Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Multifamily Property in Seattle

by Amy Works August 21, 2026

SEATTLE — Cushman & Wakefield has arranged a $250 million refinancing for Museum House, an apartment community in Seattle. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford of Cushman & Wakefield represented the sponsor, a pension trust, in arranging the financing, which was provided by Barging. Completed in 2025, Museum House features 506 studio, one-, two- and three-bedroom residences, including 404 market-rate apartments and 102 income-restricted affordable homes through Seattle’s Multifamily Tax Exemption program. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground. Community amenities include a rooftop pool and hot tub, an indoor/outdoor fitness center, coworking spaces, resident lounges, a creative kitchen, pet amenities and wellness programming. Additionally, the community offers 6,010 square feet of ground-floor retail space.

August 21, 2026

Acquisitions Multifamily Washington Western

IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington

by Amy Works August 20, 2026

RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Cascadia Fairwood Landing features 15 two- and three-story residential buildings, an outdoor pool, fitness center and an outdoor pagoda with barbecue stations and seating. The property’s one-, two and four-bedroom apartments also offer full-size washer/dryers.

August 20, 2026

Acquisitions Industrial Life Sciences Washington Western

Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M

by Amy Works August 17, 2026

EVERETT, WASH. — Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, has acquired a biomanufacturing facility in Everett, a suburb of Seattle, for $78 million. In tandem with the acquisition, Breakthrough secured a separate 21-year lease for the entire campus with a global biopharmarceutical company to create a U.S. manufacturing facility. The 270,000-square-foot facility can support a range of uses, including drug manufacturing, quality-control lab operations and, warehouse/distribution functions. The property also offers administrative office spaces and an onsite café. The site, located at 215 Shuksan Way, was originally leased to a biotechnology company that invested approximately $350 million to build out a biomanufacturing facility but never moved in after being acquired in 2023. The transaction marks Breakthrough’s first investment in the Puget Sound region. The name of the seller was not released.

August 17, 2026

Acquisitions Multifamily Washington Western

Northmarq Brokers $22.5M Sale of 178-Unit Go Go Heights Apartments in Spokane, Washington

by Amy Works August 17, 2026

SPOKANE, WASH. — Northmarq has brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit, garden-style multifamily community in Spokane. An entity doing business as LC Gogo Heights LLC sold the property to an undisclosed, Washington-based private investment firm. Tyler Smith, Steve Fischer, Joe Kinkopf and Brendan Greenheck of Northmarq’s Seattle Investment Sales team represented the seller in the deal. Located at 7024 N. Colton St., Go Go Heights Apartments features two- and three-bedroom apartments with hardwood laminate flooring, walk-in closets, in-unit fireplaces, vaulted ceilings and private balconies. Amenities include indoor parking and a pool. The property was built in 1989.

August 17, 2026

Loans Multifamily Washington Western

JLL Provides $42M Agency Loan for Refinancing of Multifamily Property in Vancouver, Washington

by Amy Works August 13, 2026

VANCOUVER, WASH. — JLL has provided a $42 million Fannie Mae loan for the refinancing of Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans along with a pool with poolside grills, playground, dog parks, automated Amazon package locker and a 24-hour fitness center. Charles Halladay, Rick Salinas and Elijah Lax led JLL’s team on the transaction.

August 13, 2026

Loans Multifamily Washington Western

Mesa West Capital Provides $52M Loan for Refinancing of Sumner Mill Apartments Near Seattle

by Amy Works August 7, 2026

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles office arranged the financing. Delivered in 2024 by the sponsor, Sumner Mill Apartments features 162 garden-style studio, one- and two-bedroom apartments spread across 3.8 acres at 5816 162nd Ave. E. Community amenities include an outdoor pool, fitness center, resident clubhouse with full kitchen, conference room, package room, dog park, picnic area, EV-enabled parking spaces and rooftop solar panels.

August 7, 2026

Acquisitions Industrial Self-Storage Washington Western

Colliers Negotiates $18.4M Sale of Sunset Self Storage Facility in Puyallup, Washington

by Amy Works August 5, 2026

PUYALLUP, WASH. — Colliers has negotiated the $18.4 million sale of Sunset Self Storage, a newly constructed facility located at 5514 152nd St. E in Puyallup, a suburb of Tacoma. An entity doing business as BVDSS Puyallup Owner LLC sold the asset to Mitchell RE Holdings LLC. Completed in 2025, Sunset Self Storage features climate-controlled units, multistory elevator access, modern security systems and a variety of storage options. The asset offers direct access to state routes 512 and 167 and I-5. Jacob Becher and Nate Fliflet of Colliers represented the buyer and seller in the transaction.

August 5, 2026

Acquisitions Multifamily Washington Western

Weidner Sells A’Cappella Apartment Homes in Lynnwood, Washington for $112M

by Amy Works August 3, 2026

LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner in the transaction. Built in 1989, A’Cappella is located at 15001 35th St. and was 95 percent occupied at the time of closing. Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024 and connects residents to Seattle.

August 3, 2026

Acquisitions Multifamily Washington Western

Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle

by Amy Works July 31, 2026

SEATTLE — Nordic Partners Investments has acquired Monticello, a 107-unit apartment building located at 415 Boren Ave. in Seattle’s First Hill neighborhood, for an undisclosed price. Built in 1957, Monticello spans 42,342 net rentable square feet. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the undisclosed seller and sourced the buyer in the off-market transaction.

July 31, 2026

Acquisitions Industrial Washington Western

Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington

by Amy Works July 29, 2026

PUYALLUP, WASH. — Lincoln Property Co. has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price. Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a range of manufacturing, aerospace, logistics and distribution users. Suites can support tenants with requirements as low as approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity and LED lighting. Chris Spofford, Bill Honsaker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.

July 29, 2026

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