Champion Real Estate Plans 516-Bed Student Housing Development Near University of Washington

SEATTLE — Champion Real Estate Co. has acquired 0.33 acres of land at 700 NE 45th St. near the University of Washington campus in Seattle for the development of a 516-bed student housing community. Named Victory at the U, the community will offer fully furnished units alongside shared amenities including study and fitness centers, recreation space and a rooftop deck offering views of Lake Union. Dylan Simon of Kidder Matthews represented Champion and the undisclosed seller of the …

July 13, 2022Development, Multifamily, Student Housing, Washington, Western

American Capital Group, Artemis Real Estate Partners Divest of Uplund Apartments in Kirkland, Washington for $242M

KIRKLAND, WASH. — American Capital Group (ACG) and Artemis Real Estate Partners have completed the disposition of Uplund, a multifamily community located at 11723 NE 117th Court in Kirkland. An undisclosed buyer acquired the asset for $242 million. Built in 2021 on 7.4 acres, Uplund features two six-story buildings offering 409 apartments in a mix of studio, one-, two- and three-bedroom floorplans with an average unit size of 789 square feet. Ten percent of the apartments are designated as …

July 11, 2022Acquisitions, Multifamily, Washington, Western

CBRE Arranges $145.1M Construction Financing for 250-Unit Seniors Housing Development in Vancouver, Washington

VANCOUVER, WASH. — CBRE has arranged $145.1 million in construction financing for The Springs at The Waterfront, a seniors housing development in Vancouver, just across the Columbia River from Portland, Ore. The borrower is a joint venture between private equity firm Harrison Street, seniors housing operator The Springs Living and healthcare real estate developer PMB. The project is located within Vancouver Waterfront, a 32-acre master-planned development that is slated to eventually …

July 7, 2022Development, Loans, Multifamily, Seniors Housing, Top Stories, Washington, Western

Jacobson Co. Sells Alley24 Multifamily Property in Seattle’s South Lake Union for $90M

SEATTLE — The Jacobson Co. has completed the sale of Alley24, an apartment community located at 241 Yale Ave. in Seattle’s South Lake Union neighborhood. An undisclosed buyer acquired the property for $90 million. Built in 2006 and remodeled in 2014, Alley24 features 172 apartments in a mix of studio, one- and two-bedroom layouts with an average unit size of 722 square feet. Community amenities include a 24-hour gym, resident lounge with catering kitchen, media room, rooftop deck with …

July 6, 2022Acquisitions, Multifamily, Washington, Western

Colliers Negotiates $13.6M Sale of Villa Andora Apartment Building in West Seattle

SEATTLE — Colliers has brokered the sale of Villa Andora, a multifamily building located at 1520 California Ave. SW in the North Admiral neighborhood of West Seattle. The property traded for $13.6 million. The names of the buyer and seller were not released. Tim McKay, Dan Chhan, Sam Wayne and Matt Kemper of Colliers represented the seller, while Adam Groberman of Colliers represented the buyer in the deal. Totaling 30,029 square feet, Villa Andora features 37 apartments, all of which …

July 5, 2022Acquisitions, Multifamily, Washington, Western

Patrinely Group, Dune Real Estate Partners Break Ground on 484,000 SF Office Tower in Downtown Bellevue

BELLEVUE, WASH. — Patrinely Group, in partnership with affiliates of Dune Real Estate Partners, has broken ground on FOUR106, an office tower in downtown Bellevue. The 21-story building will feature approximately 484,000 rentable square feet of office space with average floor plate sizes of 24,000 rentable square feet, along with 6,500 square feet of street-level retail space. FOUR106 will feature a fully equipped fitness center with shower and locker facilities, hands-free entries, …

July 1, 2022Development, Office, Washington, Western

CBRE Negotiates $32.7M Sale of Alderwood Towne Center in Lynnwood, Washington

LYNNWOOD, WASH. — CBRE has arranged the sale of Alderwood Towne Center, a retail center in Lynnwood. Bellevue-based Tri-Western Syndicated Investments, a private holding company controlled by the Radford family, acquired the asset from Alderwood Shopping Center 04 E LLC, a private investor, for $32.7 million. Dino Christophilis and Daniel Tibeau of CBRE’s National Retail Partners represented the seller in the deal. Jack Standeford with CBRE’s Debt & Structured Finance group …

June 29, 2022Acquisitions, Retail, Washington, Western

Goodman Real Estate Sells Coventry Court Apartment Property in Tacoma, Washington for $21.1M

TACOMA, WASH. — Goodman Real Estate has completed the disposition of Coventry Court IV Apartments, a multifamily community located at 908 76th Street Court East in Tacoma. Jordan Fisher with Next Wave Investors acquired the asset for $21.1 million, or $211,000 per unit. The transaction included the buyer assuming the loan on the property. Built in 1990, Coventry Court IV Apartments features 100 garden-style apartments. Brandon Lewis, Dylan Simon and Jerrid Anderson of The Simon and …

June 29, 2022Acquisitions, Multifamily, Washington, Western

Aegis Living Opens 96-Unit Seniors Housing Community in Seattle

SEATTLE — Aegis Living has opened its 35th community, Aegis Living Greenwood, in the Greenwood neighborhood of Northwest Seattle. The 89,000-square-foot property features 96 units. The five-story building is inspired by the neighborhood and built with Tudor Revival architecture, a classic style most popular in the United States in the 1920s and ‘30s. Ankrom Moisan was the architecture firm and Venture was the general contractor. Aegis has several additional communities in development, …

June 27, 2022Development, Multifamily, Seniors Housing, Washington, Western

Bridge Purchases 77-Acre Site for Bridge Point Vancouver Industrial Development in Washington

VANCOUVER, WASH. — Bridge Industrial has acquired a 77-acre land parcel located at 5500 Northeast 162nd Ave. in Vancouver, a suburb of Portland, Ore. The buyer plans to develop Bridge Point Vancouver 600, an industrial facility, on the property. Private sellers sold the land site for an undisclosed price. Bridge expects to break ground on the project in late third-quarter 2022. Upon completion, the 646,274-square-foot Bridge Point Vancouver 600 will feature 40-foot clear heights, 110 …

June 22, 2022Acquisitions, Development, Industrial, Washington, Western

Champion Real Estate Plans 516-Bed Student Housing Development Near University of Washington

American Capital Group, Artemis Real Estate Partners Divest of Uplund Apartments in Kirkland, Washington for $242M

CBRE Arranges $145.1M Construction Financing for 250-Unit Seniors Housing Development in Vancouver, Washington

Jacobson Co. Sells Alley24 Multifamily Property in Seattle’s South Lake Union for $90M

Colliers Negotiates $13.6M Sale of Villa Andora Apartment Building in West Seattle

Patrinely Group, Dune Real Estate Partners Break Ground on 484,000 SF Office Tower in Downtown Bellevue

CBRE Negotiates $32.7M Sale of Alderwood Towne Center in Lynnwood, Washington

Goodman Real Estate Sells Coventry Court Apartment Property in Tacoma, Washington for $21.1M

Aegis Living Opens 96-Unit Seniors Housing Community in Seattle

Bridge Purchases 77-Acre Site for Bridge Point Vancouver Industrial Development in Washington

Recent Features

Seniors Housing Operators See Rapid Rise in Online Leads and Universal Workers, Say InterFace Panelists

How to Maintain Multifamily Investment Momentum in the Face of Rising Interest Rates

General Contractors Overcome Triple Threat of Rising Costs, Supply Chain Issues and Labor Shortages

Lee & Associates’ Second-Quarter 2022 Economic Rundown by Sector

Yardi Matrix Report: Institutions Will Own 40 Percent of All Single-Family Rentals by 2030

Recent Market Reports

Four Factors Driving the Cleveland Office Market Transformation

Healthy Supply-Demand Balance Continues to Define Houston Retail Market

Boston Needs More Quality Retail Space

Orange County’s Robust Demographics Keep Multifamily Assets in High Demand

Low Vacancy, Increasing Rents Boost Cleveland Industrial Market

Read the Digital Editions