real estate investment firm Kennedy Wilson Inc. and affiliate KW Fund I, in a joint venture with RREEF North America, has inked two deals to acquire the 41-story office tower at 901 Fifth Ave. and the adjacent condo project at 909 Fifth in Seattle. Broadway…

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Watch List (July 22-28): Demand, Appetite for CRE Lending Softening
In this week’s issue we report on: the weakening of some bank commercial real estate loan portfolios; that investor sentiment for CDOs has been hurt by subprime problems; Moody’s is tightening CMBS enhancement levels; and the formation of new multifamily…

Lake Union Yacht Center Signs 10-Year Deal
Lake Union Yacht Center signed a 10-year lease for the industrial building at 1080 W. Ewing St. in Seattle. The 37,250-square-foot former Le Clercq Marine facility features three drive-ins, a 26-foot clear height, and a 40,000-square-foot paved yard…

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Pioneer Square Sells for $4.7M
Lynnwood Town Square LLC purchased the Pioneer Square strip center at 4114 198th St. SW in Lynnwood, WA, from Kauri Investments Ltd. for $4.66 million, or about $185 per square foot. The 25,197-square-foot property was built in 1978 and sits on 1…

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