The Annaliese

View All Tags
  • Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

    Kauri Investments sold the 56-unit residential community, part of a larger project that also includes a Hyatt Place hotel. Kauri did not include the 160-key hospitality property in the deal perfected with Essex. Developed in 2010, the complex is located at 110 Sixth Avenue N., near the Seattle Center. According to PSBJ, the sale was not planned by Kauri but the inquiry by Kidder Matthews representatives Giovanni Napoli and Phillip Assouad, working on behalf of Essex Property Trust eventually got the deal going. According to Kauri’s CEO, Kevin Angier, the multifamily rental property had an occupancy rate of 95 percent at the time the transaction was completed.

    Seattle 13 January 2013 06:54

You May Also Like

  • NH Hotel Group Lands $3B Merger Bid

    The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.

    28 November 2017 13:14
  • Urstadt Biddle Invests in NJ Shopping Center

    The company acquired an equity interest in a new partnership that purchased the 75,400-square-foot, mixed-use Washington Commons Shopping Center in Dumont, N.J. The property encompasses retail, restaurant and apartment units.

    08 August 2017 13:46
  • Bay Area Office Asset Changes Hands

    Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.

    29 June 2017 16:05
  • Rents Moderate in the Bay Area

    Just one year after double-digit increases had bumped the average to $2,480—among the highest in the country—the rate decreased by 0.5 percent year-over-year through May.

    31 July 2017 07:00
  • RAF Pacifica to Develop Carlsbad Distribution Facility

    The Class A project for San Diego Hat Co. is slated for completion in the second quarter of 2018. The developer has more than 750,000 square feet of Class A industrial creative space under construction in this submarket.

    30 August 2017 13:24