Jan 14, 2016

$65M refi for Hyatt House hotels

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Sonnenblick-Eichner Co. said it has arranged $65.2 million in first mortgage financing for Hyatt House hotels in Bellevue and Redmond. Many firms were interested, and the borrower eventually chose a life insurance company for the loan, according to a press release. Sonnenblick-Eichner is a real estate investment banking firm based in Beverly Hills focused on acquisitions and construction and permanent loans.

ULI Emerging Trends in Asia Jan. 21

Urban Land Institute Northwest and ULI Asia Pacific will present a report on “Emerging Trends in Real Estate Asia Pacific 2016” at 8:30 a.m. Jan. 21 in the 51st floor conference center at Two Union Square. Ken Rhee, ULI's chief representative in mainland China, will discuss key Asian markets, with a focus on China and Japan. The report is based on surveys and interviews with 343 investors, fund managers, developers, owners, lenders, brokers, advisers and consultants. For more information, or to register, visit: http://goo.gl/Ni9D7z

$6.7M refi for Tukwila apartments

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Greg Benjamin and Jeff DeHarty of NorthMarq Capital's Denver office provided $6.7 million in refinancing for Foster Greens Apartments at 13865 Interurban Ave. S. in Tukwila. The 104-unit complex was built 1988. It has a heated pool, spa and sauna, gym and sports court. An entity related to Weidner Apartment Homes of Kirkland owns the property.

Leverson promoted at Tarragon

Leverson

Tarragon promoted Kate Leverson from marketing assistant to marketing coordinator. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.

Jan 07, 2016

HFF works on Olympic Block deal

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HFF said it arranged the $22.4 million sale of the office portion of the Olympic Block in Pioneer Square, and then provided financing for the new owner. An entity related to Lincoln Property Co., on behalf of a pension fund client, sold the office portion of the nine-story office and residential building at 101 Yesler Way to Brickman. Nick Kucha and Todd Tydlaska of HFF represented the seller, and Casey Davidson and Paul Brindley of HFF helped secure $15.5 million in financing for the owner. The deal involved 70,796 square feet of office and retail space in the first six floors. There are 18 condo units on floors seven through nine.

Auburn apartments sell for $1.5M

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Scott Morasch and Kellan Moll of Marcus & Millichap's Seattle office arranged the $1.45 million sale of the 12-unit Bridgie Lane Apartments at 2201 I St. N.E. in Auburn. Marcus & Millichap said in a press release it represented both buyer and seller. This was Morasch and Moll's second Auburn closing in December, and both set local records for price per unit, price per square foot and low cap rate, the press release said. Moll said high prices for core properties are making buyers look at the suburbs, and pushing up prices there.

ULI New Year Social Jan. 21

Urban Land Institute Northwest's Young Leaders Group will hold its annual New Year Social at 5 p.m. Jan. 21 at Casco Antiguo, 115 Occidental Ave. S. in Pioneer Square. ULI members and non-members are welcome. The deadline to register is Jan. 19. For more information, contact ULI at Northwest@uli.org or (206) 224-4500, or register at Northwest.uli.org.