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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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1/46 46

4 Beds 2 Baths 2,287 SqFt

$1,600,000
New

26402 SE 5TH ST, Camas, WA 98607

Listed by RE/MAX Equity Group

Single Family Home
1/15 15

4 Beds 3 Baths 2,634 SqFt

$629,400
New

813 S 27TH PL, Ridgefield, WA 98642

Listed by Lennar Sales Corp

Single Family Home
1/40 40

4 Beds 2.1 Baths 2,552 SqFt

$599,900
New

1004 NW 120TH CIR, Vancouver, WA 98685

Listed by Keller Williams Realty

Single Family Home
1/35 35

3 Beds 2 Baths 1,813 SqFt

$595,000
New

11111 NE 30TH AVE, Vancouver, WA 98686

Listed by Berkshire Hathaway HomeServices NW Real Estate

Single Family Home
1/23 23

5 Beds 3 Baths 1,780 SqFt

$555,000
New

10602 NE 19th AVE, Vancouver, WA 98686

Listed by Pacific Rim Brokers, Inc

Single Family Home
1/47 47

3 Beds 2 Baths 1,587 SqFt

$519,000
New

2315 S WHITE SALMON DR, Ridgefield, WA 98642

Listed by The Bordak Group

Single Family Home
1/22 22

3 Beds 2.1 Baths 1,771 SqFt

$429,900
New

146 N 41ST PL, Ridgefield, WA 98642

Listed by John L. Scott Real Estate

Townhouse
1/40 40

3 Beds 2.1 Baths 1,656 SqFt

$425,000
New

237 N 33RD CT, Ridgefield, WA 98642

Listed by Realty One Group Prestige

Townhouse
1/12 12

2 Beds 1 Bath 910 SqFt

$389,000
New

3804 NW SEWARD RD, Vancouver, WA 98685

Listed by Realty One Group Prestige

Manufactured Home
1/42 42

2 Beds 2 Baths 932 SqFt

$259,900
Pending

4000 NE 109TH AVE #233, Vancouver, WA 98682

Listed by Realty NW Properties

Condo
3D

3 Beds 2 Baths 1,282 SqFt

$220,000
New

5101 NE 121ST AVE #177, Vancouver, WA 98682

Listed by Redfin

Manufactured Home
1/38 38

3 Beds 2 Baths 1,831 SqFt

$649,900
New

3022 NW UTAH ST, Camas, WA 98607

Listed by Cascade Hasson Sotheby's International Realty

Single Family Home
1/41 41

3 Beds 2 Baths 1,529 SqFt

$559,999
Pending

1316 NW 89TH ST, Vancouver, WA 98665

Listed by MORE Realty, Inc

Single Family Home
1/42 42

5 Beds 2.1 Baths 2,027 SqFt

$499,900
New

5314 NE 71ST ST, Vancouver, WA 98661

Listed by Knipe Realty ERA Powered

Single Family Home
3D

3 Beds 2.1 Baths 1,547 SqFt

$457,260
Pending

18426 NE 47th AVE #Lot 191, Vancouver, WA 98686

Listed by Holt Homes Realty, LLC

Townhouse
1/25 25

3 Beds 2 Baths 1,033 SqFt

$429,950
New

7316 NE 121ST AVE, Vancouver, WA 98682

Listed by Windermere Northwest Living

Single Family Home
1/37 37

3 Beds 2 Baths 1,288 SqFt

$399,900
New

1811 NE EDGE PARK DR, Vancouver, WA 98663

Listed by Keller Williams Realty

Single Family Home
1/24 24

2 Beds 1 Bath 940 SqFt

$365,000
New

2925 NE 103RD LOOP #A, Vancouver, WA 98662

Listed by John L. Scott Real Estate

Townhouse
1/26 26

3 Beds 1.1 Baths 924 SqFt

$99,500
New

26801 NE 9TH ST #46, Camas, WA 98607

Listed by MORE Realty, Inc

Manufactured Home
1/47 47

3 Beds 3.1 Baths 3,351 SqFt

$1,600,900
New

0 NE Salmon Creek ST, Vancouver, WA 98686

Listed by Chastel Real Estate

Single Family Home
1/20 20

3 Beds 2.1 Baths 1,994 SqFt

$984,950
New

2419 E 6TH ST, Vancouver, WA 98661

Listed by Marnella Communities

Townhouse
1/39 39

4 Beds 3 Baths 2,910 SqFt

$974,900
New

4353 NW WATER LILY PL, Camas, WA 98607

Listed by AgencyOne NW

Single Family Home
1/10 10

3 Beds 2 Baths 2,005 SqFt

$919,000
New

3608 N 11th CIR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home
1/12 12

3 Beds 2.1 Baths 2,272 SqFt

$779,000
New

3627 N 12th CIR, Ridgefield, WA 98642

Listed by Pacific Lifestyle Homes

Single Family Home

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