Seattle
Seattle Multifamily Report – Summer 2021
Like other expensive coastal markets, the city is slowly but steadily recovering.
Gemdale Gets $113M Loan for Seattle High-Rise Project
The $196 million South Lake Union development will include 2,260 square feet of ground-floor retail.
Blackstone Pays $303M for Seattle Apartments
The global investor’s 432-unit purchase marks the metro’s largest multifamily deal this year.
Canyon Partners JV to Begin Seattle-Area Project
Comprising 230 units, the joint venture’s second project in the metro is scheduled for delivery in 2023.
Seattle Developers Eager to Get Building Again
From a supply-demand perspective, the Emerald City is among the nation’s most imbalanced housing markets. Two TWG executives weigh in.
Hines JV Pays $233M for Bellevue Community
The acquisition marks the latest high-profile deal in this coveted Seattle submarket.
Maverick Originates $10M Construction Loan for MHC Project
The financing funded nearly 70 percent of total construction costs for an upcoming 217-site mobile home community near Seattle.
Seattle-Area Apartments Command $170M
Su Development sold the newly delivered luxury asset in the metro’s largest multifamily deal since January.
Amazon Commits $300M Toward Affordable TODs
This part of the company’s $2 billion fund will help develop projects in Washington state, Tennessee and Virginia.
SLI Breaks Ground on Sustainable Seattle High-Rise
The 15-story development will be the world’s first multifamily tower to meet net-zero energy requirements.