SAN FRANCISCO, CA - CBRE Capital Markets has arranged the financing on behalf of Bell Partners for the acquisition of the Aura Totem Lake Apartments in Kirkland, Wash. Bell Partners acquired the property in a sale that closed April 29. Andrew Behrens, Jesse Weber, Scott Williams and Robert LaChapelle with CBRE’s Debt & Structured Finance group arranged the loan.
“Buoyed by the continued proliferation of major tech employers, the Eastside of Seattle is a global innovation center experiencing tremendous economic and demographic growth. Aura Totem Lake sits at the nexus of this growth, and its high-end finishes and location within the beautiful Village at Totem Lake master-planned center position the community well for renter demand going forward,” said Paul Haviland, Vice President of Investments, Bell Partners.
After taking a nosedive last year, apartment rents in major tech cities appear to have bottomed out and are now on an upward trajectory, according to a CBRE report.
The rise in remote work policies due to the coronavirus pandemic that enabled people to exit the urban cores of major metros around the country impacted San Francisco the most, severely causing the biggest rental rate drop last year. However, the now lower rents are expected to lure renters back to the historically pricey city.
The report tracked 20 markets that all experienced rental rate losses in 2020 averaging a decline by 11.6% between February 2020 and March 2021. However, the data point shows a modest improvement since January 2021 as the year began with the average rent down by 13.2% compared to February 2020.
California buyer lands Happy Valley multifamily units for $41M - Portland Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Strafford approves cannabis dispensary, community forest plan
Staff report
Modified: 3/2/2021 9:20:31 PM
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STRAFFORD Voters in Strafford on Tuesday opted to authorize cannabis retailers in town when sales of recreational amounts of marijuana becomes legal in 2022 in a 293-176 vote.
Residents also voted 399-70 to accept a donation of 106.7 acres of land in Strafford from the Alliance for Vermont Communities. Sharon voters later this spring will decide whether to do the same with 150 adjoining acres. Together they comprise the Ashley Community Forest. The proposed donation to the two towns includes $20,000 to seed a management fund.
Both the $1.15 million town budget (434-29) and the $3.35 million school budget (388-77) easily passed.
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Transfer RNAs (tRNAs) deliver specific amino acids to ribosomes during translation of messenger RNA into proteins. The abundance of tRNAs can therefore have a profound impact on cell physiology, but measuring the amount of each tRNA in cells has been limited by technical challenges. Researchers at the Max Planck Institute of Biochemistry have now overcome these limitations with mim-tRNAseq, a method that can be used to quantify tRNAs in any organism and will help improve our understanding of tRNA regulation in health and disease.
A cell contains several hundred thousand tRNA molecules, each of which consists of only 70 to 90 nucleotides folded into a cloverleaf-like pattern. At one end, tRNAs carry one of the twenty amino acids that serve as protein building blocks, while the opposite end pairs with the codon specifying this amino acid in messenger RNA during translation. Although there are only 61 codons for the twenty amino acids, cells from different organisms can conta