Regions West | Seattle/Portland
Wrightwood Loans $28M for Seattle Office Buy
April 30, 2008

Wrightwood Capital has provided $28 million to finance the acquisition of an office building in Seattle by The Mayfield Cos. The Fourth & Pike Building is a 10-story office building with more than 96,700 square feet. The property has been designated as a Landmark building under the Seattle Landmarks Preservation Board and is currently leased to a mix of tenants, with three retail stores at ground level which include Ben Bridge Jeweler, Quicksilver, and The Walking Company. The 36-month loan was sourced through Tom Bracken of Capmark Finance.

 
Recent Seattle/Portland Headlines
Work Gets Underway on $200M Portland Seniors Housing Property
May 14, 2008
Construction has commenced on Mirabella, a 30-story continuing care retirement community site on one acre in Portland's South Waterfront submarket.
Rise in Oregon Vineyards Means Expansion for Wine Center
May 13, 2008 - Source: The Oregonian
The increase in the wine country's commercial facilities -- growing from 200 five years ago to more than 350 today -- has prompted a $3.5 million expansion for Oregon Wine Services and Storage.
Bellevue Square Shopping Center Undergoing $40M Renovation
May 06, 2008
Kemper Development Co. is giving the Bellevue Square regional shopping center a long overdue makeover, according to the Seattle Post-Intelligencer.
Microsoft to Pre-Lease 571,800SF Office Building in Bellevue
May 05, 2008
Software giant Microsoft has committed to leasing City Center Plaza, a 571,800-square-foot office building currently being developed in Bellevue by Wright Runstad & Co. and Beacon Capital Partners, the Seattle Times reports.
OliverMcMillan to Turn Former Everett Landfill into Mixed-Use Development
May 02, 2008
OliverMcMillan, a privately held San Diego–based developer, has purchased a mostly vacant 140-acre site from the City of Everett, Wash., for redevelopment as a mixed-use project. The price for the land alone was $8 million, according to a spokesperson for the city. Pre-development costs are estimated at $50 million, and an additional $400 million in development costs is projected.