EVERETT, WASH. — Gantry has secured $11.9 million in refinancing for Dogwood Enterprises Industrial Park, located at 3200 35th Ave. NE in Everett. Situated on 31.6 acres, the four-building property offers 106,686 square feet and direct access to I-5. The park is leased to a single tenant. Mike Wood, Demetri Koston and Tim Brown of Gantry arranged the 10-year, fixed-rate loan with a 25-year amortization schedule through a credit union for the borrower, a private real estate investor.
WOODINVILLE, WASH. — JLL Capital Markets has arranged the sale of Beaumont Apartments in Woodinville, approximately 20 miles northeast of Seattle. The asset traded for $136.1 million. David Young, Corey Marx and Chris Ross of JLL Capital Markets’ Investment and Sales Advisory team represented the undisclosed seller in the deal. The name of the buyer was not disclosed. Located at 14001 NE 183rd St., Beaumont Apartments offers 344 studio, one- and two-bedroom units, with an average size of 856 square feet. The apartments offer stainless steel appliances, keyless entry, mosaic tile kitchen backsplashes, undermount sinks, deep soaker-style bathtubs and French doors leading to private balconies. Community amenities include a fitness center, resort-style pool, terrace with barbecues and fire pit, fenced dog park and a coworking space. The three-story building was constructed in 2009.
SEATTLE AND PORTLAND, ORE. — A real estate fund managed by Kennedy Wilson has acquired two multifamily properties in Seattle and Portland for a total of $110 million. Kennedy Wilson has an 11 percent ownership interest in the real estate fund, which purchased the two properties with a total equity investment of $40 million, including closing costs and financed the acquisitions with long-term fixed-rate debt totaling $70 million. Built in 2018, the 226-unit Axle in Seattle offers one- and two-bedroom floor plans, eight townhomes and a full collection of amenities, including a resident lounge, sky lounge and outdoor deck, coworking spaces, a fitness center, pet run and game room. Built in 2020 in Portland, Denizen features 212 studio, one- and two-bedroom apartments and ground-floor retail space.
VANCOUVER, WASH. — PMB and The Springs Living have completed the development of The Springs at Waterfront, a 250-unit senior living community located in Vancouver, roughly 10 miles outside Portland, Ore. Situated within the Waterfront master-planned, mixed-use community, the property comprises 360,000 square feet across 12 stories. PMB served as the developer on behalf of The Springs Living. The project team also included general contractor Howard S. Wright and GBD Architects. Capital partners include Harrison Street, Huntington Bank, City National Bank, Comerica Bank and First National Bank. Opened earlier this month, The Springs at Waterfront features 182 independent living residences, 48 assisted living residences and 20 memory care units. Amenities at the property include a spa and wellness center; an indoor pool; multiple dining venues, including Fancho’s Public House; a terrace; putting green; gardens and private wine lockers. According to PMB, the community will create more than 100 permanent jobs.
AUBURN, WASH.— The Lightstone Group has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. WPG sold the asset for $82 million. Located at 1101 Outlet Collection Way, the property offers 919,446 square feet of retail space. Tenants include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet leasing at the property on behalf of the buyer, and Spinoso Real Estate Group will handle big box and mall tenant leasing. Dino Christophilis, Richard Frolik, George Good and Daniel Tibeau of CBRE’s National Retail Partners represented the seller in the deal.
KENMORE, WASH. — Weidner Apartment Homes has completed the sale of Heron View, a multifamily property in Kenmore, to Wright Investment Properties for $19.9 million, or $276,042 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1987, Heron View features three residential buildings and a leasing office surrounding a central parking lot. The community offers 72 one- and two-bedroom apartments, averaging 797 square feet, with white appliances, laminate countertops, washers/dryers and wood-burning fireplaces.
TACOMA, WASH. — Goodman Real Estate has completed the disposition of three multifamily assets in Tacoma to American Capital Group for $102.6 million. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Totaling 557 units, the properties are situated within Tacoma’s Parkland neighborhood, which is accessible from Interstate 5 and Washington State Routes 512 and 7. The properties include:
SEATTLE — CBRE has secured $27 million in refinancing for the Hampton Inn & Suites by Hilton Seattle Downtown. James Bach, Connor Lemley, Regina Wang and Griffin Walker of CBRE’s Pacific Northwest Debt & Structured Finance team facilitated the five-year, fixed-rate refinancing on behalf of the undisclosed owner. Located at 700 Fifth Ave. North, the six-story hotel features 199 guest rooms with in-room kitchens. Hotel amenities include free breakfast, free Wi-Fi, a fitness center, laundry facilities, parking, a 24-hour business center and conference spaces. This financing represents the first refinancing of the property in 20 years and follows a significant interior and exterior renovation completed by the owner in 2020.
VANCOUVER, WASH. — Norris & Stevens has arranged the sale of Plainsmen Apartments, a multifamily property in Vancouver. Provision Investments acquired the asset from Dorothy L. Lund for $1.6 million. Located at 10701 NE 59th St., the 12,464-square-foot Plainsmen Apartments offers 16 two-bedroom/one-bath units with in-unit washers/dryers and extra storage space. Built in 1968, the property offers ample onsite parking. Todd VanDomelen and Mike Brown of Portland, Ore.-based Norris & Stevens represented the buyer and seller in the transaction.
SEATTLE — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co., and capital partner MetLife Investment Management have broken ground on a residential community in Seattle. Slated for completion in fourth-quarter 2026, the seven-story, transit-oriented development is situated in Seattle’s Roosevelt neighborhood. Located at 6716 Roosevelt Way NE, the property will offer 244 studio, one- and two-bedroom apartments with air conditioning, a unique feature among multifamily projects in the Roosevelt neighborhood. Community amenities will include a two-story coworking space, rooftop clubroom with indoor and outdoor spaces, fitness center and ground-floor retail space. The property is located a half block from the Roosevelt Link Light Rail station, offering residents an 11-minute commute to downtown Seattle, a 35-minute commute to downtown Bellevue, Wash., and a 48-minute commute to Overlake and Redmond, Wash. Weinstein A+U designed the project and Chinn Construction is serving as general contractor. Avenue5 will serve as property manager.
