Seattle
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.
Seattle Multifamily Report – Fall 2019
Good demographic trends have strengthened the market and pressured developers to keep up with demand.
Bell Partners Expands Seattle-Area Holdings
The 222-unit property in Redmond, Wash., has been rebranded to Bell Marymoor Park.
RISE Properties Trust JV Acquires Seattle Apartments
Mesa West Capital provided $52 million in first mortgage debt for the acquisition and repositioning of Joseph Arnold Lofts.
RISE Properties Trust Expands Holdings with $102M Purchase
The Canadian multifamily REIT acquired Salix Juanita Village in Kirkland, Wash., and plans to renovate and reposition the 211-unit asset.