Seattle
A Developer’s View on Seattle’s Multifamily Market
Vibrant Cities’ James Wong touches on how the coronavirus crisis has impacted the metro’s long-lasting economic expansion and shares his expectations for the market.
Seattle-Area Community Scores $23M Refi
NorthMarq secured the Fannie Mae loan for the third phase of the 486-unit property.
Vanbarton Group Scores $116M Financing for Seattle Property
The firm recently acquired the community from Columbia Pacific Advisors for $209.2 million.
Top 5 Seattle Submarkets for Development by Number of Units
Seattle’s top five submarkets by development volume accounted for nearly half of the metro’s pipeline, which was in excess of 22,000 units in March.
Cypress Equity JV Lands $35M Financing for Tacoma Development
Construction on the 168-unit development stalled in 2018 but got back on track last year.
Compass Health Breaks Ground on $26M Regional Center
The first phase of the Broadway Campus redevelopment project in Everett, Wash., will provide behavioral health care, primary health care and permanent supportive housing services.
Seattle Luxury Development Scores Construction Loan
First Interstate Bank provided the financing for the 93-unit project to developer Vibrant Cities.
Turner Impact Makes 1st Pacific Northwest Foray
The move is part of the company’s strategy to acquire $2 billion of assets nationwide through its investment funds.
ConAm Group Sells Seattle-Area Apartments for $90M
Prudential Financial arranged a Fannie Mae acquisition loan on behalf of the buyer for Avery at the Reserve in Federal Way, Wash.
Phoenix Realty, Hanover Acquire 2 Seattle-Area Properties for $79M
With a total of 361 units, Lake Meridian and Royal Firs were owned by the same investor and sold as a portfolio.