This week in the North West region, Oregon was a popular spot for deals. Check out all the news you might have missed below.—Natalie Dolce

BY THE NUMBERS

SEATTLE— Home values in greater Seattle are growing twice as fast as San Francisco's Seattle and San Jose, CA have left San Francisco's housing market in the dust, with metro home values rising at double-digit rates, according to the September Zillow Real Estate Market Report. The report says that home values in booming West Coast markets are appreciating the fastest. Seattle home values rose 12.4% over the past year, and San Jose, CA home values rose 10%.

NEWS & NOTABLES

SEATTLE—RISE Properties Trust, a Canadian-based real estate investment trust, recently revealed that industry veteran Barrett Sigmund has been named president of the firm. In his new role, Sigmund will draw upon more than 15 years' experience in the real estate industry to lead the team at RISE and Thrive, its associated property management company, including overseeing acquisitions, dispositions, risk management, property management and investor relations.

DEAL TRACKER

ALAMEDA, CA—Holliday Fenoglio Fowler LP has sold Atlantic Apartments, a 186-unit, value-add apartment community in the San Francisco Bay Area city of Alameda, CA. The HFF team exclusively represented the buyer in this transaction. Patsy Kauffman and the Atlantic Apartments Trust were the seller. Atlantic Apartments is located on 3.86 acres at 1825 Poggi Street just off Atlantic Avenue in Alameda. The property is located 0.6 miles from Alameda Landing, a 291,000-square-foot retail center, including Target, Safeway and In-N-Out Burger, and within two miles of Alameda Point, a development site approved for up to 600,000 square feet of commercial space, more than 15 acres of public parks and 800 residential units.

REDMOND, WA—Transwestern Investment Management in partnership with Diversified International Partners has acquired Redmond Hilltop, a 178,769-square-foot office property at 6464 185th Ave. NE in Redmond, WA. The three-building property is fully leased – anchored by Genie, a Terex company, which occupies 61% of the property – and is adjacent to the Redmond Technology Center, which was acquired by the same entity in 2016.

HILLSBORO, OR—National Financial Realty Inc., an LA based investor has recently sold a 211,863-square-foot Wells Fargo Bank leased office building located at 18700 NW Walker Road in Hillsboro, OR. The property sold for $39.75 million.

TUALATIN, OR—Cushman & Wakefield recently revealed that an affiliate of Meriwether Partners has acquired a 329,474-square-foot single-tenant industrial campus in Tualatin, OR for $26.5 million. The seller was Huntair Properties LLC. Located at 19855-19866 SW 124th Ave., the three-building campus is fully leased to Nortek Air Solutions LLC and serves as the company's headquarters and manufacturing facility. Senior Directors Jim Lewis and Gary Griff with Cushman & Wakefield's Capital Markets in Portland together with Aaron Watt, a Director also in the firm's Portland office specializing in industrial real estate, represented the buyer in the transaction. Stu Peterson and Rhys Conrad of Macadam Forbes represented the seller.

BANDON, OR—Crystal Investment Property LLC, a member of Hotel Brokers International, recently revealed the sale of A Bandon Inn, in Bandon, OR. Crystal Investment Property LLC, a licensed Oregon broker, represented the seller and buyer in the sale. Joseph P. Kennedy, president of CIP, worked closely with the seller and buyer, as well as the parties' other professionals, to negotiate a mutually acceptable sale. The final sale price was confidential.

Instant Insights /

Middle Market Digest: This Week in the North West

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