Newmark Advises KBS on Sale of Offices at Riverpark in Redmond, Washington

Newmark announced Oct. 14, 2026, it advised KBS on the sale of Offices at Riverpark in Redmond, Washington. A joint venture between Palisade Group and Olive Point purchased the property. The adviser also arranged acquisition financing for the purchase. * The 107,029-square-foot Class A office and medical office building was approximately 86% leased at the time of sale. Built in 2008, the five-story property received nearly $2 million in capital improvements during KBS' ownership. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on October 14, 2026, and is solely responsible for the information contained therein. (C)