Seattle
Seattle-Area Asset Commands $18M
New Standard Equities acquired the 81-unit apartment building in Des Moines, Wash., which is almost fully occupied.
Mill Creek Breaks Ground on Seattle Community
Set to open in late 2020, Modera Broadway is a mixed-use property with 228 luxury units.
Seattle Multifamily Report – Summer 2019
There were more than 21,500 multifamily units under construction as of June, with 8,131 expected to come online by December.
Seattle-Area Community Commands $56M
RISE Properties Trust and Aegon Real Assets US partnered to acquire the 236-unit property in Federal Way, south of Seattle, with plans to restore and reposition the aging property.
Top 5 Multifamily Transactions in Seattle
The number of multifamily units sold in Seattle during the year’s first six months was up 29 percent year-over-year, with the total sales volume reaching $1.9 billion.
Aegis Living Opens Seattle Senior Housing Asset
Construction on the 89-unit, Ankrom Moisan-designed community began in late 2017. The owner plans to complete an additional five developments by 2022.
Madison Marquette, GFH Financial Group Buy 6-Building Senior Housing Portfolio
The joint venture purchased properties located in California, Washington and Michigan totaling 509 units.
IPA Arranges $27M Seattle-Area Asset Sale
Almost half of the community’s 134 units were recently renovated. The previous owner rebranded the property, formerly known as Rainier Meadows.
JRK Property Holdings Buys $57M Seattle-Area Asset
The buyer will complete renovations started by the seller. Additionally, the company will also update the community’s common areas and amenities.
Seattle Property Lands $52M in Financing
CBRE originated the 10-year mortgage through Freddie Mac, less than a month after a joint venture purchased the 344-unit multifamily asset for $83.2 million.