CBRE Arranges $40M in Financing for MorningStar of Kirkland Seniors Housing Community in Washington

KIRKLAND, WASH. — CBRE has arranged $40 million in financing for MorningStar of Kirkland, a 152-unit independent living community in Kirkland, a suburb of Seattle.The community, located on 3.6 acres, opened in February half a mile from the Evergreen Health Medical Center Kirkland, a 318-bed general hospital that provides residents with convenient access to healthcare. Also nearby is Totem Lake East, a regional shopping center that includes a Whole Foods, Trader Joe’s, movie theater and …

June 9, 2022Loans, Multifamily, Seniors Housing, Washington, Western

Berkadia Arranges Sale of 156-Unit Dakota Apartments in Lacey, Washington

LACEY, WASH. — Berkadia has brokered the sale and financing of Dakota Apartments, a garden-style multifamily community in Lacey. Bellevue-based American Capital Group sold the property to Los Angeles-based TruAmerica Multifamily for an undisclosed price.Ben Johnson, David Sorensen, George Pallis and Kenny Dudunakis of Berkadia Seattle represented the seller in the deal. Mitch Sinberg and Matthew Robbins of Berkadia Boca Raton, along with Brad Williamson of Berkadia Miami, secured …

June 7, 2022Acquisitions, Loans, Multifamily, Washington, Western

Sack Properties Buys Fairwood Landing Apartment Complex in Renton, Washington, for $61M

RENTON, WASH. — San Francisco-based Sack Properties has purchased Fairwood Landing, a garden-style multifamily property located at 14121 SE 177th St. in Renton, from CES Properties for $61 million.Built in 1981, Fairwood Landing features 195 apartments. Sack Properties plans to renovate and modernize the community.Jerrid Anderson, Brandon Lawler and Dylan Simon of Kidder Mathews’ represented the buyer in the deal. Kidder Mathews was the only brokerage firm involved in the …

May 26, 2022Acquisitions, Multifamily, Washington, Western

CBRE Places $32.5M in Financing for Seattle South Lake Union Office Building

SEATTLE — CBRE, on behalf of Swift Real Estate Partners, has placed $32.5 million in financing for 425 Pontius, an office building located in Seattle’s South Lake Union neighborhood. The borrower acquired the property in March 2022.Swift Real Estate Partners will use the financing for the acquisition and renovation of the four-story, 75,000-square-foot office building. The property features four stories of office space, surface parking and two levels of underground parking. The building …

May 24, 2022Loans, Office, Washington, Western

MJW Investments Buys 56-Unit Apartment Building in Vancouver, Washington

VANCOUVER, WASH. — Los Angeles-based MJW Investments has acquired Avenue 66, a multifamily community in Vancouver, in an off-market transaction. The seller and sales price were not released.Built in 2016, the garden-style property features 56 apartments in a mix of one- and two-bedroom floor plans. The average unit size is 840 square feet. MJW Investments plans to make light improvements to unit interiors, clubhouse and other common areas.Affinity Property Management will oversee …

May 24, 2022Acquisitions, Multifamily, Washington, Western

EverWest Real Estate Investors Buys MUIR Apartments in Seattle for $54.5M

SEATTLE — Denver-based EverWest Real Estate Investors has purchased MUIR Apartments, a mixed-use multifamily property in downtown Seattle, for $54.5 million.Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon and Anderson Team of Kidder Mathews’ Seattle office represented the undisclosed seller and sourced the buyer in the deal.Completed in 2019, MUIR Apartments features 130 apartments and a rooftop deck. The property takes its name from Camp Muir, a refuge on the ascent to …

May 19, 2022Acquisitions, Multifamily, Washington, Western

Barings, Schnitzer West Sell Madison Centre Office Tower in Seattle for $730M

SEATTLE — Barings and Schnitzer West LLC have sold Madison Centre, a 37-story office tower in downtown Seattle, for $730 million. The buyer was Boston Properties Inc. (NYSE: BXP).Completed in September 2017 and currently 93 percent leased, Madison Centre spans 760,971 rentable square feet and features 480 parking stalls. Amenities include a rooftop terrace, great room, conference center, boardroom, library and a fitness center operated by the Washington Athletic Club. Certified LEED …

May 18, 2022Acquisitions, Office, Top Stories, Washington, Western

Gantry Secures $130M Loan for Six-Property Trojan Storage Portfolio on the West Coast

CALIFORNIA, OREGON AND WASHINGTON — Gantry has arranged $130 million in permanent financing for a six-property, Trojan Storage-owned self-storage portfolio spread across California, Oregon and Washington. Totaling 600,000 square feet, the portfolio includes three newly completed, pre-stabilized facilities and three recently acquired facilities.Andy Bratt and Amit Tyagi of Gantry secured the financing for Trojan Storage. The loan features a 10-year term at a fixed rate and a significant …

May 17, 2022California, Industrial, Loans, Oregon, Self-Storage, Washington, Western

Lytle Enterprises Receives $15M in Financing for Seniors Housing Property in Everett, Washington

EVERETT, WASH. — Greystone has arranged $15 million in financing for Washington Oakes, a 152-unit seniors housing property in Everett, a northern suburb of Seattle.Tyler Armstrong of Greystone originated the transaction on behalf of Lytle Enterprises LLC.Washington Oakes features studio, one-, two- and three-bedroom units and offers independent living and assisted living services. Leisure Care LLC is the operator.A life insurance company provided the nonrecourse, fixed-rate loan, …

May 17, 2022Loans, Multifamily, Seniors Housing, Washington, Western

Crescit Capital Strategies Arranges $21.8M Acquisition Loan for 220,000 SF Retail Property in Marysville, Washington

MARYSVILLE, WASH. — Crescit Capital Strategies has closed a $21.8 million fixed-rate bridge loan for the acquisition of a shopping center located in Marysville. A private seller sold the asset to a private buyer for an undisclosed price.Crescit originated the four-year loan with a one-year extension option. The lender was not disclosed.The grocery-anchored property features 220,000 square feet of retail

May 17, 2022Loans, Retail, Washington, Western