Multifamily news in Seattle

Yesler Terrace—Soon to Be Seattle’s Densest Neighborhood
Yesler Terrace is a 30-acre development that Seattle Housing Authority (SHA) built in the 1940s as the city's inaugural subsidized housing community. Stephanie Van Dyke, director of development at SHA, spoke with MHN about the site's future as a mixed-use global neighborhood.
Development
Terra Closes $23M Preferred Equity for Seattle Property
Bristol I is situated within the waterfront community of Southport, a new mixed-use village with 188 units and 730,000 square feet of Class A office space.
Market Rate
Lowe Begins Construction on Newest WA Development
The 286-unit Talisman in Redmond, Wash. is set to anchor the Redmond Town Center’s mixed-use development. The property will also include 9,400 square feet of ground floor specialty retail shops.
Market Rate

  • MG Properties Buys 321-unit Senior Community

    The senior housing community is located in close proximity to major employers such as Microsoft, AT&T, Nintendo and Expedia. CBRE worked on behalf of the seller.

    06 October 2017 11:33

  • Bellwether Enterprise Closes $51M Refi

    The company arranged the refinancing of Alley 111, a 12-story apartment building offering a mix of studios, one- and two-bedroom units, along with 4,000 square feet of retail space.

    19 September 2017 16:24

  • LMC Tops Off Pair of Seattle Communities

    Valdok, a seven-story, 178-apartment community, is located in the city’s Ballard neighborhood. Axle, an eight-story, 226-unit community seeking LEED Gold certification, is situated in the city’s Interbay community.

    11 September 2017 14:59

  • Security Properties’ Seattle Sale Completes 1st Fund

    700 Broadway, a mixed-use property in Capitol Hill, marked the last of 17 assets that comprised the firm’s first closed-end discretionary multifamily real estate fund.

    07 September 2017 17:15

  • Robust Development, Insatiable Demand in Seattle

    The city has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.

    07 September 2017 13:19

  • Berkadia Completes $61M Sale of Seattle Community

    Carroll’s Creek Landing is in close proximity to various shopping options including Walmart, Best Buy and Target. The 288-unit community serves as military housing.

    21 August 2017 17:19

  • Seattle Mixed-Use Project Lands $80M Refi

    The more than 183,000-square-foot development comprises a 158-key hotel and a 93-unit community. Proceeds are being used to pay off the existing construction loan.

    08 August 2017 17:44

  • Hunt Mortgage Procures $44M for Seattle Community

    Soma Towers consists of two buildings offering 276 units, of which 20 units are affordable. Soma Towers Phase II was developed by Soma Towers DE LLC, in 2016.

    01 August 2017 17:34

  • Nelson Brothers Acquires 184-Bed Student Housing

    The company plans to convert 39 three-bedroom units into four-bedroom units. The community is in close proximity to multiple Pullman Transit bus routes, including an express route to the Washington State University campus.

    28 July 2017 17:08

  • Windermere Real Estate Hires COO

    Brooks Burton previously served as executive vice president & COO of HER Realtors and Trident Holdings. He will work at the company’s Seattle office.

    28 July 2017 09:56

  • Madrona Ridge Changes Leadership

    As part of the integration, the company added Mike Voorhees as a president for its Seattle office. He brings more than 23 years of experience in residential real estate management.

    13 July 2017 09:24

  • Kennedy Wilson Sells $109M Seattle Asset

    The 576-unit property was 97.9 percent occupied as of May. The company purchased the asset in 2014 for $57.8 million from Holland Partners.

    10 July 2017 08:34

  • Security Properties Expands in Seattle

    The company acquired a Bellevue, Wash., community for $28 million. The building offers studio, penthouses, one- and two-bedroom units. Madrona Ridge Residential will manage the property.

    29 June 2017 16:43

  • Berkadia Closes Sale of Student Housing Assets for $146M

    The properties include Ava University District, a 289-unit community, near the University of Washington, and Fullerton University Village, a 100-unit community near California State University.

    28 June 2017 18:03

  • CBRE Lines Up $14M Financing for New Idaho Community

    The company worked on behalf of the borrower, 5th and Idaho Apartments LLC. The five-story building will be located in the historic district of Old Boise, Idaho.

    23 June 2017 16:21