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Amazon to Close Go and Fresh Physical Stores, Plans to Open 100 Whole Foods Locations

Kristin Harlow — Wed, 28 Jan 2026 13:00:00 +0000

SEATTLE — Amazon (NASDAQ: AMZN) has unveiled plans to close its Amazon Go and Amazon Fresh physical stores, converting various locations into Whole Foods Market stores. The Seattle-based e-commerce giant states that it hasn’t “yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion.” Customers can continue to shop Amazon Fresh online in available areas for delivery. At the same time, Amazon plans to open more than 100 new Whole Foods Market stores over the next few years, citing increased investment in “physical stores that are resonating with customers.” Amazon acquired the Austin-based natural and organic foods grocer in 2017 in a $13.7 billion deal. Since then, the brand has experienced over 40 percent sales growth and expansion to more than 550 locations. There are 14 Amazon Go convenience stores located in Washington, California, Illinois and New York. According to the company, Amazon Go locations served as innovation hubs where Amazon developed Just Walk Out technology — now a scalable checkout-free solution operating in over 360 third-party locations across five countries. There are 58 Amazon Fresh grocery stores located in California, Illinois, New York, New Jersey, Maryland, Pennsylvania, Washington, Viriginia and Tennessee. Amazon says…

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Mesa West Capital Originates $201.5M Loan Package for mResidences Portfolio Acquisition

Amy Works — Fri, 23 Jan 2026 14:47:29 +0000

LOS ANGELES — Mesa West Capital has provided a joint venture between Interstate Equities Corp. and PGIM with a $201.5 million loan package for the previously announced acquisition of the mResidences Portfolio. The four properties, located in Mountain View, Redwood City and Sunnyvale, Calif., and Seattle, offer a total of 564 units. Eastdil Secured arranged the financing.

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Lument Provides $21.5M Refinancing for Seniors Housing Community in Metro Seattle

Amy Works — Thu, 22 Jan 2026 14:25:02 +0000

FEDERAL WAY, WASH. — Lument has provided a $21.5 million loan for the refinancing of a seniors housing community located in Federal Way, roughly 25 miles south of Seattle. Village Green of Federal Way totals 170 units, with 136 assisted living units and 34 independent living cottages. Casey Moore of Lument arranged the HUD/FHA Section 232/223(f) loan on behalf of the borrower, a family-owned company. The loan features a fixed interest rate and 35-year term.

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L&B Realty Advisors Divests of 67,578 SF Retail Building in Downtown Seattle

Amy Works — Mon, 19 Jan 2026 15:28:36 +0000

SEATTLE — L&B Realty Advisors has completed the $8 million disposition of a retail building located at 601 Pine St. in downtown Seattle. Dino Christophilis and Daniel Tibeau of CBRE represented the seller in the deal. Situated on 0.35 acres of land, the 67,578-square-foot property is located a block away from Westlake Center and in the core of Seattle’s central business district. The undisclosed buyer plans to renovate the four-story property in preparation of new retailers, according to CBRE.

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Interstate Equities, PGIM Acquire Multifamily Portfolio in Silicon Valley, Seattle for $272M

Taylor Williams — Mon, 19 Jan 2026 12:39:00 +0000

MOUNTAIN VIEW, REDWOOD CITY AND SUNNYVALE, CALIF., AND SEATTLE — Interstate Equities Corp. (IEC), in partnership with PGIM, has acquired a portfolio of four multifamily properties totaling 574 units in Silicon Valley and Seattle. The sales price was $272 million. The seller was not disclosed. The properties, all of which were built between 1987 and 2015 and offer amenities such as fitness centers, pools, dog parks, business centers and outdoor grilling and dining stations, are collectively known as the mResidences Portfolio. They include: IEC plans to implement strategic value-add improvements and amenity enhancements designed to optimize operations and improve net operating income across the assets. The deal is structured with PGIM holding a majority of the equity interest, while IEC retains a minority. “This acquisition reflects a disciplined, risk-aware approach to capital deployment, with a focus on assets positioned to perform through the full hold period,” says Brendan Gibney, director of investments at IEC. “In Silicon Valley and South Lake Union, structural supply constraints, elevated replacement costs and durable employment fundamentals provide meaningful downside protection for occupancy, while strong rent momentum in the Bay Area supports continued rent growth across the cycle.” — Amy Works and Taylor Williams

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JRK Acquires Three-Property Multifamily Portfolio for $400M

Hayden Spiess — Thu, 08 Jan 2026 12:14:00 +0000

LOS ANGELES — Real estate investment firm JRK Property Holdings has announced its acquisition of a portfolio of three multifamily properties for $400 million. The portfolio includes apartment communities located in Seattle; Hoboken, N.J.; and Los Angeles totaling 803 units. The seller was Equity Residential (NYSE: EQR), a Chicago-based multifamily REIT. Centennial in Seattle features 408 units, 77 Park Avenue in Hoboken comprises 301 units, and C on Pico in Los Angeles totals 94 units. According to Trulia.com, C on Pico offers two-bedroom units, with monthly rental rates beginning at $3,325. Monthly rental rates at 77 Park Avenue begin at $3,655, according to Zillow.com. Rachel Parsons, Derrek Ostrzyzek and Kenji Thomas of CBRE represented Equity Residential in the transaction. Ryan Greer, also with CBRE, arranged an undisclosed amount of acquisition financing for the deal on behalf of JRK. “These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” says Daniel Lippman, president of JRK. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling backdrop that gave us the conviction to…

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HFO Investment Real Estate Brokers $8.6M Sale of Apartment Complex in Vancouver, Washington

Amy Works — Wed, 07 Jan 2026 15:54:06 +0000

VANCOUVER, WASH. — HFO Investment Real Estate has arranged the sale of Corporate Woods, a multifamily property in Vancouver. The asset traded for $8.6 million, or $183,191 per unit. HFO represented the seller and buyer in the transaction. Built in 2003, Corporate Woods features 47 apartments and was 95 percent occupied at the time of sale.

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Trammell Crow Residential Sells Alexan Access Apartment Complex in Lynnwood, Washington for $142M

Amy Works — Tue, 23 Dec 2025 14:51:40 +0000

LYNNWOOD, WASH. — Trammell Crow Residential has completed the disposition of Alexan Access, a multifamily property in Lynnwood, to Bell Partners for $142 million. Located at 2727 Alderwood Mall Blvd., Alexan Access features 383 studio, one-, two- and three-bedroom units across four buildings. Built in 2023, the community offers a pool and spa, sky lounge with rooftop deck, state-of-the-art athletic club with second-level yoga/spin studio, outdoor recreational area featuring a pickleball court and business lounge with work-from-home nooks. David Young, Corey Marx and Chris Ross of JLL represented the seller in the transaction. Charles Halladay, Travis Anderson, Brad Woolard and Seth Heikkila of JLL arranged $83.2 million in acquisition financing for buyer.

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Forging Union Acquires Multi-Tenant Retail Center in Camas, Washington for $18.7M

Amy Works — Wed, 17 Dec 2025 14:26:54 +0000

CAMAS, WASH. — Forging Union LLC has acquired a multi-tenant retail strip center in Camas from Hurley Development for $18.7 million. The 35,547-square-foot property is fully occupied by 15 tenants, including businesses focused on financial services, health and fitness, and food and beverage tenants with triple-net leases. The property is situated on 2.5 acres at 301 N.E. 192nd Ave. Wes Bochner of CBRE represented the buyer in the deal.

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Open House Westwood Divests of Greenlake Terrace Apartments in Seattle for $16.5M

Amy Works — Thu, 11 Dec 2025 14:36:11 +0000

SEATTLE — Open House Westwood has completed the sale of Greenlake Terrace Apartments, a multifamily community located at 7415 5th Ave. NE in Seattle’s Green Lake neighborhood. A local family office acquired the property for $16.5 million. Built in 1986, Greenlake Terrace Apartments offers 48 apartments, secure garage parking, a bike room and updated commons areas. The buyer plans to continue the property’s value-add renovation program. Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Bryon Rosen of Cushman & Wakefield represented the seller and procured the buyer in the transaction.

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Horizon House Secures $600M in Financing for Seniors Housing Project at Seattle Campus

Amy Works — Mon, 01 Dec 2025 15:13:56 +0000

SEATTLE — Nonprofit organization Horizon House has secured bond financing for a development project at its senior living campus in the First Hill neighborhood of Seattle. Ziegler arranged the financing, completing the successful pricing of Horizon House’s $600 million Series 2025AB bonds through the Washington State Housing Finance Commission. The bonds are scheduled to close in December. The existing senior living campus currently features 377 independent living apartments and 90 assisted living and memory care residences. The bonds will be used to fund a new, 33-story tower at the property, dubbed the West Tower. Upon completion, the project will add 202 independent living apartments, replacing a West Wing built in the 1980s. Apartment sizes within the West Tower will range from 861 to 2,206 square feet, with one- and two-bedroom layouts. Amenities at the building will include underground parking, resident gardens, a garden lounge, event spaces and a rooftop dining and lounge space. The bonds include short-term, fixed-rate Series B bonds to be repaid at roughly 80 percent occupancy and long-term, fixed-rate Series A bonds amortizing over 36 years through Jan. 1, 2061. “This financing package will directly support resident well-being, staff excellence and our mission to serve both middle-market and…

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Clarion Partners Sells 136-Unit Walton Lofts Apartment Building in Seattle

Amy Works — Mon, 01 Dec 2025 15:08:56 +0000

SEATTLE — Clarion Partners has sold Walton Lofts, a 136-unit high-rise property located at 75 Vine St. in Seattle’s Belltown neighborhood. The Schuster Group developed the building in 2015. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented Clarion. Neither the buyer nor the sales price was disclosed, but Clarion purchased the property in 2016 for about $76 million. Walton Lofts includes studios, one- and two-bedroom units. Amenities include a rooftop lounge with panoramic views of Elliott Bay, the Olympic Mountains and downtown Seattle, a library and a fitness center.

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Ethos, Vance Begin Development of 222-Unit Multifamily Project in Vancouver, Washington

Amy Works — Mon, 01 Dec 2025 15:05:52 +0000

VANCOUVER, WASH. — Ethos Development and Vance Development have broken ground on Ellison Ridge, an apartment property located in Vancouver. Totaling 200,000 square feet, the two- and three-story multi-building property will feature 222 apartments, a pool, fitness center, community kitchen and living room, children’s play area and pickleball court. Twenty percent of the units will be available to residents earning no more than 80 percent of the area median income through the Clark County, Wash., multifamily tax-exemption program. Leeb Architecture of Portland, Ore., designed the project, while Vancouver-based Team Construction is serving as general contractor. Portland-based Ethos Commercial Advisors provided debt advisory services.

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Kidder Mathews Negotiates $15.5M Sale of Borealis Apartments in Seattle

Amy Works — Wed, 26 Nov 2025 14:35:41 +0000

SEATTLE — Kidder Mathews has arranged the sale of Borealis Apartments, a multifamily property at 109 Dexter Ave. in Seattle’s South Lake Union neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the undisclosed buyer and undisclosed seller in the deal. Built in 2008, Borealis offers 53 studio, one- and two-bedroom apartments averaging 622 square feet. Onsite amenities include a community deck, secure parking and onsite retail tenants, Simply Dental and Oculus Eyesore. Borealis’ affordability covenant expires in April 2028, enabling the opportunity for future income growth and repositioning opportunities.

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Amazon to Invest Up to $50B to Expand AI Infrastructure for U.S. Government

John Nelson — Tue, 25 Nov 2025 12:55:00 +0000

SEATTLE AND WASHINGTON, D.C. — Amazon (NASDAQ: AMZN) has announced an investment up to $50 billion to expand artificial intelligence (AI) and supercomputing abilities for Amazon Web Services (AWS) U.S. government clients. Amazon will break ground beginning next year on advanced data centers that will add 1.3 gigawatts of AI and supercomputing capacity. AWS currently supports more than 11,000 government agencies. The cloud computing software provides security, compliance and governance tools for the government control of unclassified and classified data. The new investment is expected to enable federal government agencies — including defense, healthcare and energy departments — in their discovery and decision-making processes using simulation and modeling data with AI. Amazon’s investment directly supports the Trump Administration’s AI Action Plan outlined in June 2025. “Our investment in purpose-built government AI and cloud infrastructure will fundamentally transform how federal agencies leverage supercomputing,” says Matt Garman, CEO of AWS. “We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions from cybersecurity to drug discovery. This investment removes the technology barriers that have held government back and further positions America to lead in the AI era.” Amazon’s investment is the latest deal in the private sector’s…

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Pine Forest Properties Sells Juniper Ridge Apartments in Bellevue, Washington for $17.5M

Amy Works — Wed, 19 Nov 2025 15:09:40 +0000

BELLEVUE, WASH. — Pine Forest Properties has completed the disposition of Juniper Ridge, a multifamily property in Bellevue, to a private investor for $17.5 million, or $397,727 per unit. Built in 1991 and renovated in 2015 and 2016, Juniper Ridge offers 44 apartments with kitchen pantries, linen closets, wood-burning fireplaces and a private deck or patio. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

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Jackson Square Properties Disposes of Multifamily Community in Silverdale, Washington for $79.5M

Amy Works — Tue, 11 Nov 2025 14:39:50 +0000

SILVERDALE, WASH. — Jackson Square Properties has completed the disposition of Cascade Ridge, a garden-style apartment property in Silverdale, to an undisclosed buyer for $79.5 million. Situated on 16.5 acres at 1206 N.W. Tahoe Lane, Cascade Ridge features 270 one-, two- and three-bedroom apartments, including townhome-style units. Originally constructed in 1992, the property offers low-density living at 16 units per acre. Community amenities include a swimming pool, clubhouse, fitness center with a climbing wall, package lockers and a dog park. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the deal.

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MG Properties Buys Dockside Apartments in Kent, Washington for $95.6M

Amy Works — Thu, 30 Oct 2025 13:19:24 +0000

KENT, WASH. — San Diego-based MG Properties has purchased Dockside Apartments, a multifamily community situated within Lakes at Kent master-planned community in Kent. Terms of the acquisition were not released. The transaction marks MG Properties’ 11th acquisition in the Seattle metropolitan area. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the undisclosed seller in the deal. Troy Tegeler and Trevor Breaux of CBRE Capital Markets arranged financing for the acquisition. Dockside Apartments offers 344 one-, two- and three-bedroom units with modern interiors, open-concept layouts and private outdoor spaces. Community amenities include a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas and a pet park.

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CBRE Negotiates Sale of 458,707 SF Logistics Property in Seattle’s SeaTac Region

Amy Works — Thu, 30 Oct 2025 13:18:17 +0000

BURIEN, WASH. — CBRE has negotiated the sale of Seattle Gateway I and II, two Class A logistics facilities in Burien. Totaling 458,707 square feet, the assets are located at 14237 Des Moines Way South and 1021 S. 146th St. The property is located directly north of SeaTac International Airport and offers immediate access to state routes 518 and 509. Constructed in 2018 by Panattoni, the facilities feature flexible suite configurations for tenants ranging from 50,000 square feet to 250,000 square feet, 30- to 36-foot clear heights, ESFR sprinklers, LED lighting, 1,200 to 2,000 amps of power, 86 dock-high doors and 130- to 233-foot truck courts. At the time of sale, the portfolio was fully leased to four tenants. Brett Hartzell and Chris Reeves of CBRE represented the seller in the deal. Terms of the transaction were not disclosed.

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HB Management Buys Barkley Apartment Homes in Bellingham, Washington for $47.9M

Amy Works — Fri, 24 Oct 2025 13:48:40 +0000

BELLINGHAM, WASH. — HB Management has acquired Barkley Apartment Homes, a multifamily community in the Barkley neighborhood of Bellingham, from CEP Multifamily for $47.9 million, or $237,129 per unit. Ryan Harmon, Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the local buyer in the transaction. Built between 2001 and 2003, the 202-unit property features 17 residential buildings, a central leasing office, clubhouse, fitness center and a seasonal outdoor pool and spa. The one-, two- and three-bedroom floor plans offer washers/dryers, private decks or patios and storage space.

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