Washington

Great Expectations SPC Acquires 102-Unit Multifamily Development Site in Puyallup, Washington

by Amy Works April 16, 2026

PUYALLUP, WASH. — Great Expectations SPC has purchased Addison Grove, a multifamily development site at 17753 78th Ave. East in Puyallup. Terms of the transaction were not disclosed. Dylan Simon, JD Fuller and Elijah Piper of Kidder Mathews’ Simon | Anderson multifamily team represented the undisclosed seller and procured the buyer in the deal. Addison Grove is a shovel-ready opportunity planned for 102 apartments. The property’s location will serve the area’s employment base, which includes industrial and logistics tenants, healthcare facilities and proximity to Joint Base Lewis-McChord. Great Expectations is a social purpose corporation with a focus on delivering affordable housing targeted to families within the local community. Social purpose corporations are for-profit entities designed to pursue profit and specific social and environmental issues.

April 16, 2026

Acquisitions Multifamily Washington Western

High Street Residential Divests of Corner 63 Apartments in Seattle for $59.3M

by Amy Works April 15, 2026

SEATTLE — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed the disposition of Corner 63 Apartments to an undisclosed buyer for $59.3 million. Located at 6300 9th Ave. NE. in Seattle’s Roosevelt neighborhood, Corner 63 features a mix of studio, one- and two-bedroom apartments. Onsite amenities include a rooftop terrace, fitness center, coworking lounge, dog run area and secured parking. The seven-story, mid-rise property was built in 2023. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller in the transaction.

April 15, 2026

Acquisitions Multifamily Washington Western

American Capital Group, Clarion Partners Open 316-Unit Enso Apartments in Lynnwood, Washington

by Amy Works April 14, 2026

LYNNWOOD, WASH. — American Capital Group (ACG) and Clarion Partners have completed Enso Apartments in Lynnwood. Located at 19630 40th Ave. W., Enso Apartments features 316 studio, one-, two- and three-bedroom floor plans with in-home air conditioning. The property features 3,950 square feet of retail space, a central courtyard, fitness center, yoga studio, game zone, coworking spaces and sky lounges with mountain views.

April 14, 2026

Development Multifamily Washington Western

Mill Creek Residential Breaks Ground on 280-Unit Multifamily Project in Des Moines, Washington

by Amy Works April 9, 2026

DES MOINES, WASH. — Mill Creek Residential has begun construction of Modera Woodmont Beach, an apartment community in Des Moines, 20 miles south of downtown Seattle. Resident move-ins are estimated to begin in summer 2027. Modera Woodmont Beach will include 280 one-, two- and three-bedroom apartments and 7,500 square feet of retail space. Community amenities will include a resort-style pool, hot tub, an outdoor deck, a grilling and outdoor dining area, a resident clubhouse, coffee bar, dog park, children’s playground and a fitness studio. Additionally, residents will have access to a coworking lounge with private workstations, package storage and gated parking with electric vehicle charging stations. The community will be built to National Green Building Standard (NGBS) certification, which awards points for features such as energy and water efficiency and indoor air quality.

April 9, 2026

Acquisitions Multifamily Seniors Housing Washington Western

Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

by Amy Works April 7, 2026

SPOKANE, WASH. — Clarion Partners has acquired The Grand at Spokane, a luxury seniors housing property located in Spokane. Terms of the transaction were not disclosed. The Grand at Spokane offers 137 independent living, assisted living and memory care units. NexCore Group developed the community in 2024. Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion, which is a specialty investment manager of Franklin Templeton.

April 7, 2026

Acquisitions Multifamily Washington Western

Kidder Mathews Brokers Sale of 79-Unit John Winthrop Apartments in Seattle

by Amy Works April 6, 2026

SEATTLE — Kidder Mathews has arranged the sale of John Winthrop Apartments, a multifamily property located at 1020 Seneca St. in Seattle’s First Hill neighborhood. Nordic Partners Investments acquired the asset for an undisclosed price. Built in 1925, John Winthrop Apartments features 79 studio and one-bedroom apartments. Two units have been fully renovated, with the remaining 77 residences offering a value-add opportunity for the buyer. Dylan Smith, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller and procured the buyer in the transaction.

April 6, 2026

Loans Office Top Stories Washington Western

Newmark Arranges $525M Refinancing for Amazon-Leased Office Tower in Bellevue, Washington

by Abby Cox April 3, 2026

BELLEVUE, WASH. — Newmark has arranged a $525 million loan for the refinancing of The Artise, a recently delivered, 25-story trophy office tower located in downtown Bellevue. Goldman Sachs and Deutsche Bank issued the new loan, which replaces a $520 million loan that was originally secured in September 2021, according to Puget Sound Business Journal. Jonathan Firestone, Blake Thompson and Kevin Shannon of Newmark secured the financing on behalf of a joint venture between Schnitzer West, the developer of the tower, and The Baupost Group. “Securing this refinancing for The Artise underscores lender confidence in Bellevue’s premier office market and the long-term durability of this tenancy,” says Firestone, who serves as the co-president of Global Debt & Structured Finance at Newmark. Situated at the corner of NE 8th Street and 106th Avenue on the other side of Lake Washington from Seattle, The Artise was completed in 2024 and includes more than 600,000 square feet of office space that is fully preleased to Amazon. Amazon paused interior construction at the office property in 2022, but restarted work in October 2025, as reported by Puget Sound Business Journal. Along with office space, The Artise features 7,000 square feet of vacant ground-floor retail …

April 3, 2026

Affordable Housing Development Loans Multifamily Washington Western

JLL Arranges $88M Construction Loan for Multifamily Project in Shoreline, Washington

by Amy Works March 30, 2026

SHORELINE, WASH. — Evergreen Point Group has received $88 million in construction financing for Leeway, an apartment project in Shoreline. Steve Petrie, Seth Heikkila, Tom Wilson and Jake Davidson of JLL Capital Markets secured the loans through a regional bank on behalf of the borrower. Located at 142 N.E. 147th St., the seven-story property will feature 360 apartments and 3,371 square feet of ground-floor retail space. Community amenities will include a fitness center, rooftop lounge and deck, coworking spaces, a pet spa and secure parking spanning two stories of subterranean parking with 224 spaces and 49 electric vehicle charging stations. Designed as a transit-oriented development, Leeway will be connected to the Shoreline South Light Rail Station via a pedestrian bridge, being built by the city of Shoreline, across Interstate 5. Additionally, the property will participate in Shoreline’s 12-year Multifamily Tax Exemption program, with 20 percent of units restricted to affordable housing at 70 percent to 80 percent of area median income limits. The program includes a 12-year extension option.

March 30, 2026

Development Industrial Self-Storage Washington Western

SecureSpace Self Storage Opens 625-Unit Facility in Tukwila, Washington

by Amy Works March 27, 2026

TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.

March 27, 2026

Loans Office Top Stories Washington

Kemper Development Secures $238M Refinancing for Office Tower Near Seattle

by Hayden Spiess March 26, 2026

BELLEVUE, WASH. — Kemper Development Co. has secured $238 million for the refinancing of an office tower located in Bellevue, situated to the east of Seattle across Lake Washington. The property, Lincoln Square North, is part of The Bellevue Collection, a shopping and dining district featuring more than 200 retail tenants, 50 restaurant and entertainment venues and three luxury hotels. Bellevue-based Kemper, the master developer of The Bellevue Collection, originally built the tower in 2007. Totaling 561,466 square feet across 25 stories, the building was fully leased at the time of financing. Jonathan Firestone, Blake Thompson and Jack Condon of Newmark arranged the financing from Blackstone and New York Life on behalf of the owner. According to Newmark, more than 461,000 square feet in office leases were executed or commenced at the tower between November 2023 and March 2025, representing over 25 percent of the total office leasing activity in the Bellevue central business district (CBD) during that period. “This financing underscores the exceptional performance and institutional quality of Lincoln Square North and the strength of the Bellevue market,” says Firestone. “With near-full occupancy, premier amenities and unmatched connectivity to The Bellevue Collection, the property continues to attract top-tier tenants and support …

March 26, 2026

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