LAKEWOOD, WASH. — A joint venture between PCCP and Panattoni Development Co. has announced plans to develop a 467,526-square-foot warehouse distribution facility in Lakewood. The project is fully approved and construction has commenced. The facility should be completed in February 2018. Tacoma Gateway will be situated less than a mile from Interstate 5, 35 miles south of Seattle’s CBD and 12 miles south of the Port of Tacoma.
BELLEVUE, WASH. — Lake Washington Partners has purchased Commons 90 Office Park in Bellevue for an undisclosed sum. The two-building park is located at 15800 and 15900 S.E. Eastgate Way. Lake Washington Partners will manage Commons 90 through its property management division and a partnership with Urban Renaissance Group. CBRE’s Jeff Jochums will take over the leasing assignment. The seller was a joint venture between Clarion Partners and Tennessee Consolidation Retirement System.
SPOKANE, WASH. — Premier Business Centers has opened a new location in Spokane. The flexible workspace operator is located at 707 W. Main Ave. within the Central Business District. It is situated within the historic Crescent Building.
COVINGTON, WASH. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million mixed-use community in Covington, approximately 30 miles south of Seattle. Located at Highway 18 and Southeast 256th Street, the 214-acre master-planned community will include an 850,000-square-foot entertainment and lifestyle center, a 130-room hotel and up to 1,500 single-family and..
BOTHELL, WASH. — Security Properties has purchased the 124-unit Bordeaux Apartments in Bothell for $26 million. The community is located at 16520 North Road. Bordeaux Apartments has access to all three of the region's largest employment centers, with Seattle and Bellevue 20 miles south and Everett 10 miles north. The new owner plans to update the common areas and execute deferred maintenance. The unit interiors will also be renovated. Security Properties-affiliate Madrona Ridge..
SEATTLE — goop, a modern lifestyle brand founded by Gwyneth Paltrow, is partnering with Nordstrom to bring goop to [email protected] in select stores across the country and online. [email protected] features a mix of wellness-focused products curated by the goop team, including apparel, accessories, beauty and home. Each shop is designed as an enclosed living space, with furniture and design by 1stDibs and custom Chinoiserie wallcoverings by Fromental. [email protected] is the..
SPOKANE VALLEY, WASH. — Enlivant has opened the doors on the recently renovated Ridgeview Place, an assisted living and memory care community in Spokane Valley, near the border between Washington and Idaho. Enlivant and its subsidiaries operate nearly 230 senior living communities, representing 11,000 units across 27 states.
SEATTLE — Seattle-based Nordstrom Inc. has hired Anne Bramman as chief financial officer (CFO), effective June 2, 2017. Bramman comes to Nordstrom from Avery Dennison Corp. where she has served as senior vice president and CFO since 2015. She has an extensive financial leadership background in a variety of industries, including retail. Mike Koppel retired as the company's CFO on May 1, 2017, after 16 years and will continue to support Nordstrom in a consulting and advisory role through..
TACOMA, WASH. — Sprague Pest Solutions has acquired TMC Pest Management of Bakersfield, Calif., expanding the fifth-generation company into California and giving it the ability to serve commercial clients from Washington state to Southern California. TMC will operate under the Sprague Pest Solutions brand immediately. Founded in 1992 by Jeff McCaa, TMC Pest Management offers pest management services to commercial-industrial clients. The company specializes in protecting food processing,..
SEATTLE — PSRS has provided a $57 million loan for a 285,186-square-foot office building in the South Lake Union area of downtown Seattle. The building was constructed in 1929 and renovated in 1965. The asset has a mix of tenants, including a local newspaper as the anchor. The space also includes a data storage business. The 10-year, interest-only, cash-out loan was financed through a leading CMBS lender. The borrower is a large data center and office investor. PSRS’ Michael Thorp..