SEATTLE-CBRE Capital Partners has acquired Smith Tower, a42-story, 250,000-square-foot office building, and the nearbyFlorence Building, a retail-and-mixed-use building measuring 6,000square feet, through a foreclosure. Both buildings are situated inPioneer Square in downtown Seattle.

Last fall, CBRE Capital Partners took control of twonon-performing mortgage loans and started the foreclosure process.The trouble loans totaled $42.5 million. CBRE Capital Partners isplanning to hire Seattle-based Goodman Real Estate to manage thebuildings. For the full story, go to Commercial Property Executive .

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