Lake City Mini-Storage in Seattle, Washington has been sold for $18.5 million. Developed in the late 1980s, the two-and three-story, reinforced concrete building is approximately 72,052 SF, plus a 32,002 SF lot. Brokers Scott Clements and David Butler of ORION Commercial Partners represented both the buyer and seller in this transaction. The sellers were four…
Puget Sound Business Journal | By Marc Stiles Seattle-based Unico Properties is the new owner of The Boeing Co.’s approximately 150-acre Longacres campus, which is home to the headquarters building of the Commercial Airplanes division, Unico said Friday. “Unico is thrilled to own an important piece of Puget Sound history and we are excited to…
Daily Journal of Commerce | By JOURNAL STAFF AUBURN — An industrial building at 4620 B St. N.W. in Auburn sold out of receivership for $10.5 million, according to King County records. The seller was EM Property Holdings LLC, an entity of TTF Aerospace, which acquired the property in 2013 for almost $5.7 million. Even…
CoStar Group | Richard Lawson Real estate investors are taking more interest in medical office buildings as higher prices and risks in other property types have squeezed annual returns, according to a CoStar analysis. The report, titled “Investing in Medical Office: Just What the Doctor Ordered,” shows the cities with the fastest-growing population of seniors…
Seattle Daily Journal of Commerce | By Brian Miller An industrial property at 1111 Elliott Ave. W. has sold for $8.5 million, according to King County records. The seller was an LLC related to the Eland family, which had owned the property for decades. The buyer was an opaque entity called Pacific Opportunity Fund I…
CoStar | Carlos Linkins ScanlanKemperBard Partners With ReCap Real Estate Investment to Acquire Mixed-Use Campus A Portland, Oregon-based investment firm purchased the Original Rainier Brewery in Georgetown, a revitalized industrial neighborhood in Seattle, bolstering its Pacific Northwest footprint. ScanlanKemperBard, along with joint-venture partner ReCap Real Estate Investment, acquired the historic brewery from locally based Sabey…
THE REGISTRY, Kristin Bentley A three-story office campus was acquired in Tukwila last Friday, by Seattle-based real estate investment firm Talon Private Capital, for $22.2 million, or just over $126 per square foot, according to public records. Dan Foster and Matthew Hinrichs, partners of Seattle-based brokerage firm ORION Commercial Partners LLC, represented the buyer in…
ORION Commercial Partners, Raakhi Patel JJW Group LLC, an international professional service organization, acquired The Franciscan Medical Pavilion at 205 10th St. NE, Auburn, 98002, WA from a local owner for $12,089,000 million. The Franciscan Medical Pavilion is a medical and dental office building totaling 37,480 square feet, that sitting on a land area totaling…
CoStar Group, Phillip Weisburd Local Owners Sell Snoqualmie Office, Retail Center Kimball Creek Village LLC, a HI-based investor, acquired the Kimball Creek Village shopping center at 7328-7329 Better Way SE in Snoqualmie, WA from a local owner for $9.9 million. Kimball Creek Village is an office and retail center totaling 45,316 square feet comprised of…
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