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Investing

PCCP Partners With Principal Real Estate Investors to Acquire Class A Office Building in...

SAN FRANCISCO, CA - May 31, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.

Kennedy Wilson Refinances 400-Unit Apartment Building Located in Redmond, WA

BEVERLY HILLS, CA - December 28, 2010 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has refinanced The Onyx Apartments, a 400-unit multifamily community in Redmond, Washington. The Onyx is owned in a partnership with the LeFrak Organization. The partnership, which is a 50/50 venture between Kennedy Wilson and the LeFrak Organization, includes a total of 2,912 apartment units, all of which were purchased in 2010. The $42.5 million Onyx financing has a seven-year term and carries a fixed interest rate of 4.67%. Wells Fargo Multifamily Capital, through its Fannie Mae DUS lending program, served as the lender on the transaction

Senator Murray Applauds Investment in Affordable Housing for Washington State

Washington, D.C. - June 30, 2010 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA) applauded the announcement made by NeighborWorks America that over $500,000 will be awarded to three Washington state community-based organizations to rehabilitate affordable housing.

Washington State Department Of Financial Institutions Files Charges Against Seller Of Peruvian Real Estate...

OLYMPIA, WA - June 22, 2010 - (RealEstateRama) -- The Washington State Department of Financial Institutions (DFI) issued a Statement Charges, Notice of Intent To Enter an Order to Cease and Desist and Notice Of Intent To Impose Fines And Recover Costs against a Seattle-based real estate development company

Griffin-Matteson JV Closes First Multifamily Buy

KENT, WA - June 19, 2009 - (RealEstateRama) - An alliance of apartment property operator JB Matteson Inc. and investment manager Griffin Capital Corp. recently made its first apartment acquisition, paying Equity Residential $32.4 million for Waterford at the Lakes, a 344-unit complex.

State Investment Will Boost Jobs, Economic Growth in Benton, Chelan, Cowlitz, Kitsap and Skagit...

Tri-Cities Research District, one of Washington’s 11 new Innovation Partnership Zones, among the recipientsOLYMPIA, WA, November 28, 2007 – Governor Chris Gregoire today announced $2,056,256...

Port Gardner Wharf moves ahead

With the sun shining on the glistening waters of Port Gardner Bay and the smell of saltwater commingling with the muted cry of seagulls...

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KCHA spearheads successful effort to preserve nine subdized apartment complexes in...

WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- When a portfolio of nine privately owned Section 8-assisted housing complexes located in five counties scattered across Washington state was offered for sale last spring, the King County Housing Authority spearheaded a collaborative effort to purchase it. The housing authorities of Bremerton, Grays Harbor County, Yakima, and Chelan County and the City of Wenatchee participated in assuring the preservation of a total of 337 homes within the various communities.

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City kicks off Meydenbauer Bay Park construction

he City of Bellevue broke ground last week on the long-awaited Meydenbauer Bay Park, which will improve the connection between Bellevue's bustling downtown and its scenic Lake Washington waterfront.