{"id":1004122586,"date":"2015-07-06T07:33:33","date_gmt":"2015-07-06T15:33:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354320"},"modified":"2022-12-08T07:01:34","modified_gmt":"2022-12-08T15:01:34","slug":"san-mateo-company-looks-to-float-on-microsofts-cloud","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-mateo-company-looks-to-float-on-microsofts-cloud\/","title":{"rendered":"San Mateo Company Looks to Float on Microsoft\u2019s Cloud"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Redmond, the small city in the Puget Sound area, is most often referred to in relation to its famous resident: Microsoft Corp. The software behemoth is the financial backbone of Redmond and the main driver of both commercial and residential real estate. And now it’s attracted another residential investor: San Mateo, Calif.-based G.W. Williams Co. recently entered the market with the purchase of a residential property.<\/p>\n

\"Peloton<\/a><\/p>\n

Peloton Apartments<\/p>\n<\/div>\n

G.W. Williams paid property development and investment company Grosvenor Americas<\/a> $43 million for the Peloton Apartments. The deal was brokered by Turning Point Realty Advisors, a Kirkland-based entity. The community\u2019s placement in the vicinity of the Microsoft, Nintendo America and Digipen Institute of Technology campuses means that residents working in the tech sector will be drawn to Peloton. Redmond Town Center is also nearby, as well as local wineries and the Redmond Ridge golf course.<\/p>\n

The 150-unit community offers residents access to the most important transportation lines in the Pacific Northwest: the I-5 and the I-405. Ranging in size between 708 and 981 square feet, the units at Peloton offer stainless steel appliances and hardwood floors. The community amenity package also includes an outdoor heated pool and sundeck, a fitness center, a lounge and a community barbecue and picnic area. Most of these were added as part of an extensive refurbishment conducted by the former owner after Grosvenor acquired the property eight years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

Redmond, the small city in the Puget Sound area, is most often referred to in relation with its famous resident: Microsoft. The software behemoth is the financial backbone of Richmond and the main driver of both commercial and residential real estate. San Mateo, CA-based private investor G.W. Williams Co. recently entered the market with the purchase of a residential property in the proximity of Richmond’s major employment centers.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[],"class_list":["post-1004122586","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"\nSan Mateo Company Looks to Float on Microsoft\u2019s Cloud - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-mateo-company-looks-to-float-on-microsofts-cloud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Mateo Company Looks to Float on Microsoft\u2019s Cloud\" \/>\n<meta property=\"og:description\" content=\"Redmond, the small city in the Puget Sound area, is most often referred to in relation with its famous resident: Microsoft. The software behemoth is the financial backbone of Richmond and the main driver of both commercial and residential real estate. San Mateo, CA-based private investor G.W. 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