A deed that King County posted on Thursday lists the buyer as an affiliate of Beverly Hills, California-based Kennedy Wilson (NYSE: KW). A group made up of Talon Private Capital of Seattle and Cerberus Capital Management of New York City sold 90 East, which was formerly called Sammamish Park Place for its location next to Lake Sammamish State Park. Talon and Cerberus bought the 20-acre property in early 2015 from Paul Allen's Vulcan Real Estate for $128.25 million, or 19 percent less than what the property sold for this week.
Real estate brokers say the building sold for about $47 million, or over $400 per square foot.
The high-rise was sold by Seattle-based Talon Private Capital, which has owned the building for about four years.
An office building along Interstate 405 in downtown Bellevue sold Wednesday for $81.5 million, according to public records
Houston-based Lionstone Investments and Talon Private Capital of Seattle bought the seven-story 110 Atrium building, 110 110th Ave. N.E., from Walton Street Capital of Chicago. Records show that Walton Street had bought the property for $80 million in 2007.
Ground broke last Wednesday for joint venture Seattle-based Talon Private Capital and New Jersey-based PGIM Real Estate – formerly Prudential Real Estate, as mixed-used project Kirkland Urban begins construction of phase one, which is anticipated to be completed mid 2018.
Talon Private Capital has picked up three office buildings in Tukwila for just over $22 million.
Seattle-based Talon bought Riverview Plaza — a three-building office campus nestled between Westfield Southcenter mall and the Green River in Tukwila — from Broadreach Capital Partners.
The Puget Sound Business Journal first reported it months ago, and on Thursday gigabit fiber and broadband services company Wave confirmed that it is moving to the under-construction Kirkland Urban development, where the company will more than double in size.
For three years commercial real estate brokers expected Microsoft to pull out of Issaquah, but the company is sticking around.
Microsoft (Nasdaq: MSFT) on Tuesday confirmed it has renewed its lease of two office buildings at the 90 East campus, formerly known as Sammamish Park Place. The two buildings total around 400,000 square feet.
Vulcan on Friday paid $35 million for a property that's kitty-corner from the new home of the Allen Institute.
Vulcan Director of Real Estate Investment Strategy Lori Mason Curran said in an email that the company bought the property with the long term-plan of eventually expanding the Allen Institute, a brain and cellular research center that Vulcan Chairman and CEO Paul Allen launched.
For the sellers, Talon Private Capital of Seattle and Walton Street Capital of Chicago, it's a remarkable payday. The companies bought the South Lake Union property at Roy Street and Ninth Avenue North – where a Buca di Beppo operated until recently – for $10.5 million only 13 months ago.
Talon Private Capital has completed an $11 million makeover of 8th+Olive, an office building constructed in 1981 that was formerly named 720 Olive.
Some older office buildings in Seattle and Bellevue have been getting lots of love lately.
Owners are installing new amenities and infrastructure, and fashioning better common spaces to help tenants attract workers in a competitive market.
The Kirkland Planning Commission has voted to recommend to the City Council several changes to zoning at Parkplace and amend the Kirkland Parkplace Master Plan and Design Guidelines.
The property where Ducati motorcycles and the Buca di Beppo restaurant operate in South Lake Union has been sold, and the new owners are in the early stages of planning a good-sized office project on the site
Walton Street Capital of Chicago and Talon Private Capital of Seattle on Friday paid $10.5 million for the two-thirds of an acre that is kitty-corner from where the Allen Institute for Brain Science is under construction at Mercer Street and Ninth Avenue North. They're working with another Seattle company, Lake Union Partners, on the development.
Talon Private Capital is sweet on suburbia.
The Seattle company, along with Cerberus Capital Management, last week bought the 20-acre Sammamish Park Place office campus in Issaquah from Vulcan Real Estate.
A Seattle company that last week sunk a big chunk of change into a sprawling Bellevue office property is banking on the continued strength of the tech market.
The 15-building Bellefield Office Park southeast of the central business park was sold last week for $120.2 million. Public documents listed only a private Houston company called Lionstone as the buyer. Lionstone, it turns out, has a local partner, Talon Private Capital, in the deal.
The goal of the new team taking on the largest ever real estate development in downtown Kirkland is to provide an Eastside alternative to downtown Bellevue.
Earlier this month Seattle-based Talon Private Capital submitted a master plan to the city for the mixed-use project called Kirkland Parkplace. The site is at Central Way and Sixth Street by Peter Kirk Park.
Talon Private Capital, a Seattle-based privately-held real estate investment firm, is hoping to revive the Kirkland Parkplace project, a mixed used urban village in Kirkland’s central business district. The project had been approved by the city in 2010, but the 1.75 million square foot project was sidelined due to a lackluster economy.
Talon Private Capital is still working on a plan for redeveloping Kirkland Parkplace, but it will be smaller than what Touchstone had proposed several years ago.
Talon now is looking at putting 650,000 square feet of office space, 300,000 square feet of apartments, and 210,000 square feet of retail and entertainment on the 11-acre property, which is adjacent to Peter Kirk Park in downtown Kirkland.
Talon Private Capital, a Seattle-based real estate investment firm, announced it has submitted a proposed new master plan and design guidelines to the City of Kirkland that outlines the future redevelopment of Kirkland Parkplace—an entertainment/ retail/office park built in 1982. Talon Private Capital was recently selected as the master developer of the project.
After several false starts, the redevelopment of Kirkland Parkplace might finally be moving forward.
Talon Private Capital has submitted a new master plan for the redevelopment of the site Tuesday to the city, hoping it will approve several zoning changes that would allow for more residential space in order to appropriately scale a much smaller project.
Kirkland Parkplace has a new developer with a new plan. As you may recall, the previous developer, Touchstone, fought for and eventually won concessions from the city for 1.7 million square feet of office space plus retail, a new QFC, gymnasium and hotel. Many in our community approved of the plans but a vocal minority opposed the development. Among the many complaints were parking utilization, traffic impacts and a design which called for eight story office buildings.
An entity related to Englewood, Colorado-based Stonebridge Cos. paid $15.5 million for three parcels at Terry Avenue and Howell Street where it is planning a 17-story hotel.
An entity related to Talon Private Capital and Prudential Real Estate Investors is the seller, property records show.
As Puget Sound’s economic engine continues to power Seattle to be among the top growth markets in the country, real estate investors are spreading their nets wider outside the city’s core in search of assets. Among the hot new niche suburban markets are Kirkland, 520 Corridor and I-90.
Earlier this week, JLL capital markets experts Stuart Williams, Lori Hill, Ann Chamberlin and David Otis, completed the speedy marketing and $31,455,000 sale of Waterfront Place on Yarrow Bay, a 52,091 square foot Class A office building at 5207 Lake Washington Boulevard in Kirkland, Washington.
Waterfront Place, a mid-sized Kirkland office building on Lake Washington, sold Tuesday for nearly $31.5 million, public records show.
The price works out to $604 per square foot. Anything above $600-a-foot would be an Eastside record for a product of this size, according to commercial real estate company the Broderick Group's second quarter report, which stated the building was for sale.
New owner's goal for the 720 Olive tower: a makeover that will result in a product never-before seen in Seattle.
Prudential Real Estate Investors has a new partner in the development of Parkplace in Kirkland: Talon Private Capital.
Executives with Prudential Real Estate Investors have partnered with Talon Private Capital, a local real estate investment firm, on the downtown Kirkland Parkplace project.
Seattle-based Talon Private Capital is Prudential’s new partner on Parkplace, the mega mixed-use project planned for seven years for downtown Kirkland.
Talon Private Capital sold a 16-story office building at 1800 Ninth Ave. for $150.38 million, almost double what Talon paid two years ago.
The 1800 Ninth Avenue Building in downtown Seattle sold Monday for nearly $150.4 million, public records show.
That’s almost twice as much as the sales price two years ago of the office tower, which houses some offices of Amazon.com Inc. (NASDAQ: AMZN) The previous price was $76.5 million.
Symetra Life Insurance Company today announced plans to bring together its 900 Bellevue, Wash.-based employees in a single location -- the Symetra Center building at 777 108(th) Avenue Northeast in downtown Bellevue. The company has renewed its Symetra Center lease with Talon Portfolio Services, LLC through July 2025.
It might sound odd, but food trucks are playing a role in multi-million dollar commercial real estate investments.
The operator of some suburban-style offices in the greater Seattle area are bringing in the trucks to give their properties the urban pizzazz that tenants hunger for.
Officials of Talon Private Capital of Seattle and national real estate company PCCP LLC said they have acquired two office buildings north of Seattle for a total of $52.1 million.
A court-appointed receiver, Talon Portfolio Services of Seattle, now oversees the buildings. The firm has spent millions since last summer fixing up the neglected assets and putting them back on the market.
Seattle-based Talon Private Capital has bought 2525 McKinnon, an eight-story, 111,722-square-foot office building in Uptown Dallas for an undisclosed sum.
Talon Private Capital purchased the 2525 McKinnon office building from investor KBS Capital Advisors.
“We are extremely pleased to add this high-quality asset to our portfolio and look forward to additional investments in this marketplace,” Jim Neal, managing principal of Talon, said in a statement. “Dallas is one of the top markets wherein we look to deploy additional capital in 2013 and beyond.”
Seattle-based Talon Private Capital bought a Dallas office building for an undisclosed price, officials of commercial real estate services company CBRE said Tuesday.
Bill Pollard and James Neal have built a family business, in every way.
The long-time partners worked together for decades, even founding a real estate investment company together. But they wanted to have a little more skin in the game; they were ready to start investing their own money in real estate. So, in September 2009, they founded Talon Private Capital.
Seattle-based Talon Portfolio Services in July became the court-appointed receiver of the 11-property portfolio, which was part of one of the region’s biggest real estate deals of 2007 but due to the recession fell into financial straits. Now, while the financial stakeholders are embroiled in legal battles, Talon’s task is to return the properties to “their former glory,” said Jim Neal, a Talon managing principal.
Kirkland-based Talon Private Capital made its third and biggest purchase to date in December, forming a joint venture with Prudential Realty Group to buy 1800 Ninth Building in downtown Seattle for $76.5 million.
Bill Pollard of Kirkland-based Talon Portfolio Services LLC will take over management of the properties starting July 9. As a general receiver, Pollard will have the ability to collect rent, operate the properties and, subject to court approval, sell the buildings, said Talon’s attorney, Chuck Shigley, of Seattle law firm Alston, Courtnage & Bassetti LLP.
Talon Private Capital LLC is closing on a $21.5 million waterfront office building next to Carillon Point in Kirkland—its first deal and a bet that money plowed into well located, smaller office properties will pay off for investors.
Talon Private Capital's debut represents a rare opportunity for private investors to acquire the highest quality assets. With a "first mover" strategy, Talon plans to begin investing when premier assets become available at historically low values and sustainable yields.
Newly formed Talon Private Capital discerns opportunities to acquire quality, stabilized assets at compelling prices from distressed ownership-with a total return to investors anticipated in the low- to mid-teens.