Bellevue Collection Bags $526M in Financing

The 1.5M SF Lincoln Square expansion of the Bellevue Collection has obtained $526M in financing from CPPIB Credit Investments Inc, which is a subsidiary of the Canadian Pension Plan Investment Board. Snapped: Kemper Development co-CEO Kemper Freeman.

The project includes a 41-story W-branded hotel tower, which will open in spring 2017. It will also feature a 31-story office building with retail in its first three levels.

Cushman & Wakefield arranged the financing deal for the Kemper Development project, which is underway. The expansion will nearly double the size of the Bellevue project. [PSBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Airbnb Launches $250M Fund To Invest In Affordable Housing

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. Assets

HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio

BMO Executive Named New CEO At CREFC

Traders Bet On A Rate Hike From The Fed After Inflation Report Climbs Higher

Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Residential

Stephen Curry Sells Planned HQ Site Near Warriors' Arena

Data Center Demand Has Made IOS An Institutional Capital Playground

SL Green Selling SoHo Building For $226M