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IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington

Amy Works — Fri, 28 Aug 2026 14:15:31 +0000

ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen, also with IPA, arranged acquisition financing for the buyer. Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, as well as an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.

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

Amy Works — Fri, 21 Aug 2026 15:17:14 +0000

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 Barings. 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.

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

Amy Works — Thu, 20 Aug 2026 14:16:43 +0000

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.

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Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M

Amy Works — Mon, 17 Aug 2026 13:26:53 +0000

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.

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

Amy Works — Mon, 17 Aug 2026 13:24:00 +0000

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.

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

Amy Works — Thu, 13 Aug 2026 13:38:00 +0000

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.

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

Amy Works — Fri, 07 Aug 2026 13:40:09 +0000

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.

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

Amy Works — Wed, 05 Aug 2026 13:15:25 +0000

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.

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

Amy Works — Mon, 03 Aug 2026 13:10:27 +0000

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.

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Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle

Amy Works — Fri, 31 Jul 2026 13:02:47 +0000

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.

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

Amy Works — Wed, 29 Jul 2026 13:18:00 +0000

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.

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BLP Buys 782,775 SF Distribution Facility in Frederickson, Washington

Amy Works — Thu, 23 Jul 2026 13:13:00 +0000

FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial development known as Fred310. Jeff Chiate and Bryce Aberg of Cushman & Wakefield facilitated the transaction. Harbor Freight Tools fully occupies the property on a long-term basis. The facility serves as a regional distribution center supporting more than 1,600 stores nationwide. The property, located at 6920 192nd St., features 40-foot clear heights, a cross-dock configuration with 152 dock-high doors and four grade-level doors, full concrete oversized truck courts, 476 trailer stalls, 262 auto parking spaces, 4,000 amps of power with expansion capability, ESFR sprinklers and separate truck and auto entrances.

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Kiemle Hagood Negotiates $32M Sale of Multi-Tenant Retail Property in Spokane, Washington

Amy Works — Thu, 23 Jul 2026 13:11:00 +0000

SPOKANE, WASH. — Locally based brokerage firm Kiemle Hagood has negotiated the $32 million sale of 5 Mile Shopping Center, a multi-tenant retail center in north Spokane. An entity doing business as Romax 5 Mile LLC purchased the grocery-anchored property from 5-Mile Investment Co. I LLC. Situated on 14.2 acres at 1812 W. Francis Ave., the property features more then 163,000 square feet of retail space. Current tenants include Rosauers, Starbucks Coffee, Chipotle Mexican Grill, Taco Bell, Washington Trust Bank, Mister Car Wash, GNC and Edward Jones. Casey Brazil and Richard Fox of Kiemle Hagood represented the seller in the deal, while Colin Conway and Steve McIntosh of Kiemle Hagood represented the buyer.

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Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5M

Amy Works — Tue, 21 Jul 2026 12:44:54 +0000

AUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn, for $69.5 million. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The property was fully leased at the time of sale. Tenants include Haggen Northwest Fresh, Subway, HopsnDrops, Rock Wood Fired Pizza, Puerto Vallarta Mexican, Sushi Konami, Ichi Teriyaki, Legendary Doughnuts, Nekter Juice Bar, Menchie’s Frozen Yogurt, Pacific Cataract and Laser Institute, Gentle Dental, Outpatient Physical Therapy, Edward Jones, McDonald’s, Wells Fargo, The UPS Store, Orangetheory Fitness and Club Pilates. Intercontinental plans to execute a capital improvement program focused on roof replacement and as-needed upgrades for tenants, alongside the implementation of a leasing strategy centered on preserving and strengthening the center’s tenant mix. Geoff Tranchina, Gleb Lvovich, Dan Tyner and Tess Berghoff of JLL Capital Markets marketed the property on behalf of the seller.

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BKM Capital Partners Acquires 401,000 SF Industrial Portfolio Near Seattle

Amy Works — Wed, 15 Jul 2026 13:45:56 +0000

TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres and offering 21 units, the portfolio includes Southcenter West Business Park, a three-building, 287,000-square-foot campus in Tukwila; Kent Valley Distribution Center III, a 50,450-square-foot facility in Kent; and a 64,000-square-foot asset in Kent. Built between 1973 and 1979, the properties feature 24-foot clear heights, 90- to 110-foot truck court depths, wet pipe sprinklers, LED lighting, “ample” parking and a mix of dock-high and ground-level loading. The portfolio has a 2.9-year weighted average lease term, with no more than 26 percent of net rentable area expiring in any given year. At the time of sale, the portfolio was 84 percent occupied. Brett Turner and Michael Grossner provided in-house representation for BKM, while Buzz Ellis of JLL Capital Markets represented the undisclosed seller in the deal.

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First Washington Realty Acquires 123,562 SF Retail Center in Bellevue, Washington

Amy Works — Wed, 15 Jul 2026 13:45:06 +0000

BELLEVUE, WASH. — First Washington Realty has acquired Evergreen Village, a 123,562-square-foot, grocery-anchored community shopping center located across Lake Washington from Seattle in Bellevue. Terms of the transaction were not released. Tenants include Safeway, Edgeworks Climbing, Puetz Golf Superstore and Starbucks Coffee.

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Goodman Real Estate Sells Two Apartment Communities Near Seattle for $172M

Amy Works — Fri, 10 Jul 2026 13:36:17 +0000

SEATTLE AND REDMOND, WASH. — Goodman Real Estate has sold two multifamily properties near Seattle for a combined total of $172 million. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represented the Seattle-based seller in both transactions. Each property was developed in 2024 and sold to undisclosed buyers. CRU at Willows 124 in Redmond traded for $94 million. The 195-unit, six-story building sits on 1.6 acres within a master-planned community adjacent to Willows Run Golf Club and includes 22,998 square feet of fully leased commercial space across three suites. The property features a mix of studio, one- and two-bedroom floor plans along with a rooftop terrace, three clubhouses, fitness center, two work-from-home lounges and a basketball court. Baldwyn Apartments is a 235-unit property located at 10712 5th Ave. NE in Seattle’s Northgate neighborhood, adjacent to the site of Simon Property Group’s Northgate Station redevelopment. Northgate Station is a 55-acre mixed-use project that includes the Kraken Community Iceplex and additional retail spaces that will be opening through 2028.

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Matthews Arranges Sale of Four-Property Medical Office Portfolio in Spokane, Washington

Amy Works — Wed, 01 Jul 2026 13:39:25 +0000

SPOKANE, WASH. — Matthews has arranged the sale of a four-property medical office portfolio located at 427 S. Bernard St., 9651 N. Nevada St., 31 E. Central Ave. and 208 W. 5th Ave. in Spokane. Michael Moreno, Rahul Chhajed and Tyler Swade of Matthews represented the seller, a group of physician owners, in the transaction. Terms of the deal were not released. The Spokane Eye Clinic Portfolio is composed of 72,000 square feet of medical office space that is fully occupied by a 28-physician practice with more than 70 years of operating history supporting over 146,000 annual patient visits and 13,000 surgical procedures. The clinic operates under PRISM Vision Group, a McKesson-backed national ophthalmology platform with more than 100 affiliated locations, under NNN lease structures with 2.5 percent annual rent escalators.

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Seattle Housing Agency Buys First Multifamily Property for $60.9M

Amy Works — Tue, 30 Jun 2026 13:09:42 +0000

SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the Market to SSHD for $60.9 million. Kidder Mathews arranged the sale. The 150-unit property, which Johnson Development Associates built in 2017, is located half a mile northwest of Pike Place Market. In 2023, Seattle city residents voted on Initiative 135, a local citizen-led ballot measure that officially chartered SSHD. In 2025, city voters went to the polls again to pass Proposition 1A, approving a local city tax on high-earning corporations to fund the public development authority. The city maintains the Seattle Housing Authority (SHA), which primarily serves the city’s poorest residents, mostly backed by federal HUD programs that fund households earning 30 percent or less of the area median income (AMI). SSHD, on the other hand, serves a middle bracket of residents earning up to 120 percent of AMI, specifically designed to help workforce renters, such as teachers and service industry workers — those renters who earn too much to qualify for public housing but not enough to afford market-rate rents. Johnson…

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Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project in Puyallup, Washington

Amy Works — Mon, 29 Jun 2026 13:43:00 +0000

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has received an undisclosed amount of construction financing for Addison Grove, a 102-unit affordable housing project in Puyallup, 36 miles south of Seattle. According to the Washington State Housing Finance Commission, the project cost is approximately $34.2 million. Great Expectations acquired the site in April, but a construction timeline for the development has not be released. All units will be rent restricted for residents earning between 50 and 80 percent of area median income, guaranteed for 60 years. Addison Grove was financed without tax credits, instead leveraging a subordinate loan from the Washington Family Housing Fund and recycled tax-exempt bonds. The structure preserves affordability by pairing 60-year income restrictions with lower-cost tax-exempt debt and forgivable subordinate capital, reducing the amount of conventional debt the property must support through rent revenue. CBRE and Heritage Bank are permanent lenders.

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