Regions West | Seattle/Portland
JER Sells Washington M-F for $66M
Jan 22, 2008

JER Partners, the private equity commercial real estate investment arm of the J. E. Robert Cos., has sold the Glen Park Apartments to Fairfield Residential L.L.C. of San Diego, Calif. JER bought the complex of 464 units in April, 2005, in partnership with FSC Realty. The property is located 10 miles northeast of Tacoma, Wash., and 25 miles south of Seattle.

 
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.