Newport Beach, Calif. and Seattle, Wash. – Bixby Land Company, a Newport Beach, Calif.-based investor, has purchased a 55,660-square-foot industrial building at 1800 Fryar Ave. in Sumner, Wash., in Seattle’s Kent Valley industrial submarket. Bixby acquired the building from Panattoni Development for $18.75 million. Bixby represented itself in the transaction, while the seller was represented by...