Healthcare Realty Trust has paid nearly $28 million for a three-story medical office building on the campus of Northwest Hospital in Seattle. The deal is the latest in a number of Washington acquisitions for the Nashville-based real estate investment trust, which finished 2014 with $210 million invested in the Evergreen State. The Puget Sound Business Journal has more details here.
Tom and Kristin Beach are preparing to launch their City Saver venture in Seattle, its sixth market, later this week. The 10-year-old company markets discount books that raise funds for schools and community groups. Since launching the business, the Beaches also have grown into Memphis, Clarksville, Louisville and Atlanta. City Saver last year helped generate $450,000 for more than 75 Nashville-area schools.
Nashville International Airport officials announced Monday that Southwest Airlines will offer a daily nonstop flight to Seattle, beginning June 2, 2013.
The addition of the seasonal flight was necessitated by a high-demand market for business and leisure travelers, according to Rob Wigington, president and chief executive officer of the Metropolitan Nashville Airport Authority.
“The Airport Authority is focused on adding year-round nonstop service to Seattle and other destinations,” Wigington said in a release. “We are pleased to continue this nonstop service during the peak summer travel months to Seattle, one of our most sought-after markets.”
Chicago-based Walton Street Capital has purchased Velocity in the Gulch for $37.5 million. As yet, we don't know what WSC has in store for the residential building, which is home to both owner-occupied and renter-occupied units and which opened as a condo building with retail on the ground-level floor. In fact, we don't know much about Walton Street Capital's property holdings, as the private real estate investment company's website offers no portfolio section.
But here is what we do know based on Google searches: Walton Street — with a home office on Michigan Avenue along the swanky Magnificent Mile — has deep pockets. Of note, and in addition to its impressive portfolio in Chicago, the company has owned, or owns, high-profile real estate in Atlanta, Austin, Charlotte, Palm Beach, Fla., Scottsdale, Ariz., Seattle, Tampa and Mexico (in which it operates an office). The company has teamed with Tampa-based Landeavor LLC on various property purchases.
Not surprisingly given its status, WSC has made headlines. In 2007, WSC created a eye-popping $2.5 billion investment fund. And in 2011, the company was hit with a class-action lawsuit (read here) regarding daily fees at its exclusive PGA National Resort & Spa in South Florida.
Walton Street is led, in part, by Managing Partner Neil Bluhm, who, according to Forbes.com, hosted President Barack Obama's 49th birthday bash and is estimated to be worth more than $2 billion.
In short, a major player has entered the Nashville real estate market.
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