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GranCorp is actively looking for further real estate acquisitions in the Pacific Northwest. We currently specialize in multi-family properties.

Real Estate Investments

Current Projects

Robin’s Nest Apartments

This 61 unit apartment building is under construction and is expected to be completed by January 2019. Most units will have great water views over the canal between the University of Washington and the Portage Bay area. It is located in the corner of Eastlake Ave E and Fuhrman Ave E.  The site is very well known in Seattle as it was the site of the original Red Robin restaurant.

More info here.

A.W. Larson Building

This 50 unit apartment complex was completed in December 2016. It is located on the popular Eastlake Ave E.

More info here.

Union Bay Lofts

This 18 unit townhome project was built in 2007 as a condominium but was kept as an apartment building. The units are large, 1,180 sq. ft, and the building has ample secured parking for the units, as well as plenty of regular parking for the two retail outlets on the ground floor. It is connected to the A.W. Larson building via the parking garage.

More info here.

Westwood Court Apartments

This building was built in 1989 and contains one and two bedroom apartments. It is located in West Seattle, across the street from the Westwood Mall.

More info here.

Jiffy Lube Land Lease

This lot is located on the very busy 105th and Main Street downtown Bellevue. The rest of the 2 ½ acre super block has been acquired by Vulcan Inc. (Paul Allen) and currently this piece of land is in escrow to be sold.

Past Projects

 

Bay Vista Condominium

This building was acquired in 1988 from FSLIC and was repositioned and sold to individual condo owners. The office component was sold to a Japanese partnership.

Madison Tower

This 22 story building in Portland was acquired in 1990 and the previously unsold units were renovated and sold to individual buyers.

Kelleher House

This building was acquired in 1989. The 51 unsold out of 56 total units were then renovated and sold to individual owners. Located on Capitol Hill in downtown Seattle.

Park Place Tower

This well located building was acquired as an apartment building and all 36 units were sold to individual buyers as condominiums.  It is located in Washington Park, Portland.

Irving Street Lofts

This building was acquired from the developer as an apartment building and was converted to condominiums and sold to individual buyers. Located in the very popular Pearl District of downtown Portland.

Lake Villa Club Apartments

This 189 unit apartment project was acquired in 1992 and was kept as an apartment until its sale in 2007. It is located in Kent, Washington.

Heron Pointe Condominiums

This 84 unit apartment building was acquired in 1990 and sold as individual condos in the early 2000’s.  It is located on the waterfront in John’s Landing, Portland.

Willammette Shores Condominiums

This 90 unit project was acquired as an apartment building together with a partner and converted to condos in the early 1990’s.  Located on the waterfront in John’s Landing, Portland.

Trianon Office Building

This full city block office building was acquired as a potential redevelopment site, but was later on sold to another developer. It is located on 3rd Avenue in downtown Seattle.

Village Square Shopping Center

This 40,000 sq. ft small shopping center located in Fircrest, WA was the company’s first investment, dating back to 1986.  It was sold in 2007.

330 A Street Office Building

This small office building located in downtown San Diego was acquired to put our portfolio company, Teris, in it. It was owned for 5 years.

Corporate Investments

Current Investments

Aptus, LLC

San Diego based Aptus hires and brokers court reporters to take depositions and other court related work. It works with court reporters nationwide.

CBA Inc.

CBA is a 35 year old cancer research company. The company has had 8 clinical trials and is currently on its 9th clinical trial, this one for Sarcoma. The partners making these final clinical trials are MassGen and Dana Farber out of Boston, and Covance is the Clinical Research Organization.

Past Investments

Northwest Business Bank

We were one of the original founders in 1997. We then merged with publicly traded Pacific Continental Bank (PCBK) in 2005 and in late 2017 we were acquired by Columbia Banking System (COLB) out of Tacoma, WA.

Excelsior Property Management, LLC

This company managed 1,200 apartment units and condominiums in Seattle and Portland.

Teris

Teris was a west coast leading Electronic Evidence Discovery company with offices up and down the coast totaling 300 employees. It was sold to a private equity company in 2014 and is now part of a public company.

 

Real Estate Partnerships

Carlsbad Industrial Park

New 50,000 sq. ft industrial park located in Carlsbad.  Currently under lease signature by a large public company.  This is set up to be a long term hold.

Summertime Apartment Building

Large project in suburbia Sacramento. The LLC will acquire, reposition, and then make it a long term hold.

Otay Mesa Housing Development

This will be 1,800 units located across the border from the expanded Tijuana airport. Half the units will be for sale as townhomes and the rest will be apartments built for a long term hold.