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Intracorp Reaches Milestones on First Snohomish County MF Project

Intracorp Reaches Milestones on First Snohomish County MF Project

Local residential builder Intracorp announced significant progress on its first Snohomish County multifamily project, Motto Apartments. The 474-unit, two-phase project is located just west of Interstate 5 in Marysville’s Lakewood neighborhood and features 228 units in Phase I, which is actively leasing, and 246 units in Phase II, which will begin construction this spring.Northwestern Mutual Life is the project lender. When complete, the $150 million project will span nearly 20 acres and will feature a 6,000-square-foot resort-style clubhouse, pool, spa, fitness facility and integrated open space plan. The Phase I and Phase II apartment projects will feature open one-, two-, and three-bedroom homes ranging in size from 614 to 1,221 square feet. “The north Marysville development story has perhaps been under the radar, but regional job growth has found Marysville — particularly the nearby Cascade Industrial Center, which has recently added thousands of new jobs in high-tech manufacturing, packaging and distribution,” said Intracorp’s Regional President, Paul Bottge.The post Intracorp Reaches Milestones on First Snohomish County MF Project appeared first on Connect CRE.
J.P. Morgan’s Campbell Global Acquires 40K Acres in the PNW

J.P. Morgan’s Campbell Global Acquires 40K Acres in the PNW

J.P. Morgan Asset Management announced that institutional investors advised by the firm’s wholly-owned timber investment manager, Campbell Global, have led the acquisition of 40,800 acres of commercial timberland located on the Olympic Peninsula in northwest Washington state. The firm has named the property Tyee to acknowledge the Cascadia region’s indigenous Native American history. Campbell Global was acquired by J.P. Morgan Asset Management in 2021 and is recognized as a pioneer in timberland management, having managed more than five million acres worldwide for pension funds, foundations and other institutional investors.Tyee will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. Approximately 6,500 acres of streamside riparian areas managed to preserve water quality. “We are pleased to add Tyee to our timberland portfolio, expanding our footprint in the PNW where we have more than 40 years of experience. The acquisition of Tyee helps us provide new investments in sustainable forestry to our clients,” said Angie Davis, President of Campbell Global.The post J.P. Morgan’s Campbell Global Acquires 40K Acres in the PNW appeared first on Connect CRE.
Anchor Health Properties Breaks Ground on WA Health Facility

Anchor Health Properties Breaks Ground on WA Health Facility

Anchor Health Properties recently commenced construction on a new three-story, 120-bed, 127,942-square-foot nursing facility in Shoreline, Washington.Located at 15230 15th Ave NE, The Fircrest Nursing Facility is supported through a public-private partnership with the Washington State Department of Social and Health Services, with Anchor providing comprehensive development services and real estate planning expertise on this project.“With the construction commencement on this dynamic facility, we are thrilled to work alongside the Department of Social and Health Services and Public Facilities Group to revitalize the Fircrest Nursing Facility,” said Sean Miller, Senior Vice President, Development with Anchor. The project will also include campus infrastructure enhancements, as well as a new, separate 6,400-square-foot laundry facility to support the entire campus. The nursing facility is slated to open in November 2027. The facility will be net zero-capable and is anticipated to achieve LEED Silver certification for its sustainable design and construction practices.The post Anchor Health Properties Breaks Ground on WA Health Facility appeared first on Connect CRE.
Kidder Mathews Arranges Spokane Apartment Portfolio Sale

Kidder Mathews Arranges Spokane Apartment Portfolio Sale

Max Frame of the Simon Anderson team, a multifamily investment team at Kidder Mathews, recently closed two apartment sales in Spokane, Washington. Frame represented the owner in selling both properties to one buyer. Totaling $7,623,000, the sale included Lincoln Place, located at 912 W Lincoln Place, which achieved one of Spokane’s highest-ever price-per-door sales for value-add properties. The 12-unit multifamily complex, situated in the South Hill neighborhood, sold for $2,188,000. Coventry Estates, located at 3131 S Cook Street, is a 39-unit property in Spokane’s Lower South Hill that sold for $5,435,000. “These transactions highlight the increasing interest in Spokane’s multifamily market, particularly for value-add opportunities,” said Frame. “With favorable market conditions and a renewed focus on Eastern Washington, we are seeing strong investor activity in this region.”According to Kidder Mathews’ Q4 2024 Eastern Washington Apartment Market Dynamics report, released by Frame and the team earlier this week, the region is experiencing significant momentum. The post Kidder Mathews Arranges Spokane Apartment Portfolio Sale appeared first on Connect CRE.
$30M Loan Secured for Redmond Apartments

$30M Loan Secured for Redmond Apartments

JLL has arranged a $30 million loan for Allez Apartments, a 148-unit luxury multifamily community in downtown Redmond, Washington.JLL worked on behalf of the borrower, Pine Forest Properties, to secure the 10-year, fixed-rate loan through PGIM Real Estate. JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Director Seth Heikkila and Director Steve Petrie.Located at 8397 158th Ave NE, Allez Apartments is strategically positioned in downtown Redmond. Completed in 2014, Allez Apartments is a six-story mid-rise community offering 148 units with an average size of 788 square feet, featuring a mix of studios, one- and two-bedroom apartments.The community also includes 2,844 square feet of ground-floor retail space and participates in Redmond’s ARCH program, designating 12 units as affordable at 80% of AMI to provide housing options for a range of income levels.The post $30M Loan Secured for Redmond Apartments appeared first on Connect CRE.
CBRE Arranges $23M Refi for Bremerton Apartment Complex

CBRE Arranges $23M Refi for Bremerton Apartment Complex

CBRE has arranged a $22.8 million refinance loan for the Trailhead at the Preserve Apartment Complex located at 1970 NE Fuson Rd, Bremerton, Washington.James Bach, Connor Lemley, Regina Wang, and Griffin Walker with CBRE Capital Markets’ Debt & Structured Finance team in Seattle represented Sage Homes Northwest in securing a full-term, interest-only bridge loan with a prominent debt fund lender to refinance their existing construction loan.“The favorable outcome highlights the desirability for newly delivered multifamily properties in strong submarkets, as well as the strong liquidity in the bridge lending space for this product type,” said Lemley, vice president, Capital Markets at CBRE.The 109-unit apartment complex offers modern studio, one- or two-bedroom apartment homes with unique amenities, including private access to nature trails at the Illahee Preserve. The property, built in May 2024, is conveniently located in Bremerton and a ferry ride away from Seattle.The post CBRE Arranges $23M Refi for Bremerton Apartment Complex appeared first on Connect CRE.

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Name: Open House - 12PM-2PM
Start: 2024-12-22T12:00:00.000Z
End: 2024-12-22T14:00:00.000Z
Location: 1641 N 25TH ST, Washougal, WA 98671

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List

1/48 48

3 Beds 2.1 Baths 2,628 SqFt

$1,029,000
Open 12/22 12PM-2PM

1641 N 25TH ST, Washougal, WA 98671

Listed by Real Broker LLC

Single Family Home
1/25 25

4 Beds 3.1 Baths 3,650 SqFt

$1,039,000
Open 12/22 10AM-5PM

3600 N 11th CIR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home
1/23 23

4 Beds 2.1 Baths 4,130 SqFt

$1,037,000
Open 12/22 10AM-5PM

1116 N Helens View DR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home
1/27 27

3 Beds 2.1 Baths 2,527 SqFt

$857,000
Open 12/22 10AM-5PM

3603 N 12th CIR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home
1/25 25

3 Beds 2.1 Baths 2,527 SqFt

$833,000
Open 12/22 10AM-5PM

1100 N Helens View DR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home
1/20 20

6 Beds 5 Baths 4,248 SqFt

$1,293,055
Open Sat 12PM-3PM

2930 N 48th AVE #lot 90, Camas, WA 98607

Listed by Toll Brothers Real Estate Inc

Single Family Home
1/2 2

4 Beds 3.1 Baths 4,123 SqFt

$999,000
Open Sat 10AM-5PM

3615 NE 169th WAY, Vancouver, WA 98686

Listed by Pacific Lifestyle Homes

Single Family Home
1/20 20

3 Beds 2.1 Baths 2,893 SqFt

$979,000
Open 12/22 10AM-5PM

16704 NE 38th AVE, Vancouver, WA 98686

Listed by Pacific Lifestyle Homes

Single Family Home
1/16 16

3 Beds 2 Baths 2,098 SqFt

$887,000
Open 12/22 10AM-5PM

3606 NE 169th WAY, Vancouver, WA 98686

Listed by Pacific Lifestyle Homes

Single Family Home
1/46 46

4 Beds 2.1 Baths 2,070 SqFt

$590,990
Open 12/22 9AM-5PM

925 NW 178TH WAY, Ridgefield, WA 98642

Listed by Richmond American Homes of Oregon

Single Family Home
1/48 48

4 Beds 2.2 Baths 3,304 SqFt

$1,150,000
Open 12/22 11AM-1PM

9100 NE LIVINGSTON MOUNTAIN CT, Camas, WA 98607

Listed by Keller Williams Realty

Single Family Home
1/47 47

4 Beds 2.1 Baths 2,676 SqFt

$970,000
Open 12/22 12PM-2PM

5040 S ST, Washougal, WA 98671

Listed by Keller Williams Realty

Single Family Home
3D

5 Beds 3 Baths 2,676 SqFt

$769,960
Open Mon 11AM-5PM

137 S 90TH PL #128, Ridgefield, WA 98642

Listed by Holt Homes Realty, LLC

Single Family Home
1/48 48

3 Beds 2.1 Baths 1,390 SqFt

$466,900
Open 12/22 12PM-5PM

NE 113TH LOOP, Vancouver, WA 98686

Listed by West Realty Group, LLC

Single Family Home
1/36 36

5 Beds 3 Baths 2,705 SqFt

$639,995
Open Mon 10AM-4PM

1437 W 19TH CIR, La Center, WA 98629

Listed by D. R. Horton

Single Family Home
1/43 43

5 Beds 3 Baths 2,270 SqFt

$617,995
Open Mon 10AM-4PM

1431 W 19TH CIR, La Center, WA 98629

Listed by D. R. Horton

Single Family Home
1/48 48

2 Beds 2 Baths 1,258 SqFt

$459,900
Open 12/22 12PM-5PM

NE 113TH LOOP, Vancouver, WA 98686

Listed by West Realty Group, LLC

Single Family Home
1/31 31

4 Beds 3.1 Baths 2,492 SqFt

$675,000
Open Mon 11AM-1PM

7917 NW 12TH AVE, Vancouver, WA 98665

Listed by Keller Williams Realty

Single Family Home
1/30 30

5 Beds 3 Baths 2,705 SqFt

$657,995
Open Mon 10AM-4PM

1407 W 19TH CIR, La Center, WA 98629

Listed by D. R. Horton

Single Family Home
1/28 28

5 Beds 3 Baths 2,705 SqFt

$657,995
Open Mon 10AM-4PM

1420 W 19TH CIR, La Center, WA 98629

Listed by D. R. Horton

Single Family Home
1/48 48

3 Beds 2.1 Baths 1,400 SqFt

$469,900
Open 12/22 12PM-5PM

NE 113TH LOOP, Vancouver, WA 98686

Listed by West Realty Group, LLC

Single Family Home
1/48 48

4 Beds 3.1 Baths 2,962 SqFt

$1,100,000
Open 12/22 12PM-2PM

424 NE PROVINCE DR, Camas, WA 98607

Listed by Keller Williams Realty

Single Family Home
1/48 48

2 Beds 2.1 Baths 1,390 SqFt

$464,900
Open 12/22 12PM-5PM

NE 113TH LOOP, Vancouver, WA 98686

Listed by West Realty Group, LLC

Single Family Home
3D

3 Beds 2 Baths 1,361 SqFt

$444,995
Open 12/22 12PM-4PM

5905 NE 120TH ST, Vancouver, WA 98686

Listed by D. R. Horton

Single Family Home