X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Avenue Bellevue, in partnership with Fortress Development, has secured financing from Silverstein Capital Partners for a two-tower luxury condo, hotel and retail development currently under construction in downtown Bellevue, WA.

The $700 million transaction is one of the largest recorded in the US since the start of the pandemic and the largest construction loan in Bellevue’s history, according to Avenue Bellevue. SCP is the real estate lending platform for New York-based Silverstein Properties; the deal also marks Silverstein Capital Partners’ first construction financing loan on the West Coast.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.