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BKM, Kayne Anderson Acquire 8.5 MSF Light Industrial Portfolio for $1.8B

Kristin Harlow — Wed, 03 Jun 2026 12:00:00 +0000

NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating…

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Gantry Secures $16M Refinancing for Kirkland Business Center in Washington

Amy Works — Thu, 28 May 2026 13:35:17 +0000

KIRKLAND, WASH. — Gantry has secured a $16 million permanent loan for the refinancing of Kirkland Business Center, located at 11860 N.E. 112th St. in Kirkland, a suburb east of Seattle. Originally developed in 1962 and 1969, the 104,000-square-foot industrial asset is fully leased to multiple tenants. Mike Wood, Mike Taylor and Tim Brown of Gantry arranged the seven-year, fixed-rate loan, which was provided by one of Gantry’s correspondent insurance companies. The financing features cash-out proceeds with full-term interest-only payments. Gantry will service the loan on behalf of the lender. The name of the borrower was not released.

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Commune Capital Sells Self-Storage Property in Bellevue, Washington for $50.7M

Amy Works — Wed, 27 May 2026 14:07:37 +0000

BELLEVUE, WASH. — Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million. Mike Mele, Luke Elliott, Jim Lewis and Steffan Brown of Cushman & Wakefield represented the seller in the transaction. Built in 2016 on 1.2 acres, the Class A 103,397-square-foot self-storage facility features 988 climate-controlled and drive-up units. At the time of sale, the property was 93 percent occupied.

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IPA Capital Markets Secures $116.5M Construction Loan for Pacific Northwest Industrial Property

Amy Works — Tue, 05 May 2026 13:23:52 +0000

LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.5 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest. Gary Mozer and Lee Norman of IPA secured the financing on behalf of a national real estate development investment firm specializing in the acquisition, development and management of commercial real estate. “The credit nature of the tenant allowed us to secure 95 percent loan-to-cost financing at a five-year, fixed rate of 5.28 percent,” said Mozer. “The loan includes yield maintenance prepayment terms, with the final six months open with no prepayment penalty.”

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Sonnenblick-Eichner Co. Secures $24M Loan for Refinancing of Cedarbrook Lodge Hotel in Seattle

Amy Works — Fri, 24 Apr 2026 13:24:34 +0000

SEATTLE — Sonnenblick-Eichner Co. has arranged $24 million in first mortgage debt to refinance Cedarbrook Lodge in Seattle. A private real estate debt fund provided the nonrecourse, floating-rate, interim five-year loan. Located at 18525 36th Ave. S, Cedarbrook Lodge features a 167-room, full-service hotel situated on 7 acres of restored wetlands, more than 17,000 square feet of meeting space, a 1,600-square-foot fitness center, the 3,000-square-foot The Spa at Cedarbrook Lodge and Copperleaf Restaurant & Bar. Additionally, the property is less than two miles east of Seattle-Tacoma International Airport.

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Coldwell Banker Commercial Brokers $7.9M Sale of Industrial Property in Enumclaw, Washington

Amy Works — Fri, 24 Apr 2026 13:22:50 +0000

ENUMCLAW, WASH. — Coldwell Banker Commercial has arranged the sale of an industrial building located at 1920 Garrett St. in Enumclaw. Thundering Mountain LLC sold the asset to Cascadia Collection and DC Auto Transport for $7.9 million. Situated on 1.2 acres, the property offers 36,160 square feet of industrial space. Brandon Thomas of Coldwell Banker Commercial represented the seller in the deal.

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Cushman & Wakefield Arranges $53M Refinancing for Multifamily Community in Seattle

Amy Works — Tue, 21 Apr 2026 13:08:44 +0000

SEATTLE — Cushman & Wakefield has arranged $53 million in refinancing for 110 Roy Street, an apartment property in Seattle. Dave Karson, Chris Moyer, Alex Lapidus and Zarif Hasan of Cushman & Wakefield represented the borrower, Low Tide Properties, in securing the five-year financing, provided by Northwestern Mutual. Situated in Seattle’s Queen Anne neighborhood, 110 Roy Street features 167 studio, one- and two-bedroom apartments. Community amenities include a rooftop terrace, 24-hour fitness studio, pet spa and a resident lounge. Additionally, the property features 6,700 square feet of ground-floor retail space along Roy Street. The asset was developed by Continental Properties in partnership with Low Tide Properties.

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Newmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in Washington

Amy Works — Mon, 20 Apr 2026 13:42:50 +0000

RENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita and Chase Bank. The property is shadow anchored by Safeway. Billy Sleeth, Kevin Lemond and Mattie Tonseth of Newmark handled the transaction.

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

Amy Works — Thu, 16 Apr 2026 13:55:54 +0000

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.

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

Amy Works — Wed, 15 Apr 2026 12:49:35 +0000

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.

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

Amy Works — Tue, 14 Apr 2026 13:04:36 +0000

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.

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

Amy Works — Thu, 09 Apr 2026 13:28:26 +0000

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.

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Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

Amy Works — Tue, 07 Apr 2026 13:07:09 +0000

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.

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

Amy Works — Mon, 06 Apr 2026 13:48:48 +0000

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.

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

Abby Cox — Fri, 03 Apr 2026 11:45:00 +0000

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…

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

Amy Works — Mon, 30 Mar 2026 14:29:47 +0000

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.

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

Amy Works — Fri, 27 Mar 2026 13:18:51 +0000

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.

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

Hayden Spiess — Thu, 26 Mar 2026 11:46:00 +0000

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…

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Investors Management Group Sells Valley Vista Apartments in Tacoma, Washington for $15.8M

Amy Works — Wed, 25 Mar 2026 13:32:01 +0000

TACOMA, WASH. — Investors Management Group (IMG) has completed the disposition of Valley Vista Apartments, a multifamily community in Tacoma, to m5x2 for $15.8 million. IMG originally acquired the asset in October 2016 for $11.4 million. Located at 6830 Tacoma Mall Blvd., Valley Vista features 108 apartments. IMG implemented a $2.5 million capital improvements program during its ownership. The program included a new exercise and community room, an updated community deck, a refreshed leasing office, new signage, conversion of the playground to a dog park and ongoing site improvements. Elijah Piper and Tony Herrmann of Kidder Mathews’ Simon | Anderson Multifamily Team, along with Brian Richardson of Kidder Mathews, represented the seller in the deal. The buyer was self-represented in the transaction.

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Gantry Secures $14.8M Refinancing for Latitude Queen Anne Apartments in Seattle

Amy Works — Wed, 25 Mar 2026 13:30:45 +0000

SEATTLE — Gantry has secured a $14.8 million permanent loan to refinance maturing debt for the Latitude Queen Anne, a multifamily property located in Seattle’s Queen Anne neighborhood. Located at 500 3rd Ave. W., the Class A, mid-rise property offers 76 apartments in urban one-bedroom layouts and traditional one- and two-bedroom floor plans, as well as a rooftop deck. Mike Wood and Tim Brown of Gantry represented the borrower, a private real estate investor, in the financing. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features full-term interest-only payments. Gantry will service the loan for its correspondent.

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