The 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.

System1 leases a 50,000-square-foot freestanding office building in Marina del Rey, relocating its headquarters from Venice.

The market has "undergone tremendous change over the past few months," according to Brad Peterson of JLL.

At its weakest, US apartment resident retention got down to 51.1% in December 2020.