Seattle
Multifamily Seattle Report – Winter 2019
Although long-term demographic and economic trends are still pushing up demand in the metro, accelerating deliveries have managed to dampen rent growth.
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
Seattle Modular Building Gets $13M Refi
CBRE secured the 10-year loan for Cubix North Apartments, a 108-unit affordable community in the northern part of the metro. Parkstone Properties owns the project.
Seattle Tower Project Secures $185M
Square Mile Capital originated the loan for the 352-unit development on behalf of a joint venture between Laconia Development and Vanke Holdings USA.
Microsoft Commits $500M to Affordable Housing in Seattle
The software giant proposes a combination of loans and grants to help expand the Puget Sound region’s inventory of affordable housing.
Seattle Efficiency Community Changes Hands
Wilshire Capital Partners acquired the 75-unit property for nearly $18 million, financed with a loan from Bridge Investment Group Partners.
Coast Equity Purchases Suburban Seattle Community
Hunt Real Estate Capital provided the buyer with more than $16 million through Freddie Mac to finance the nearly $25 million acquisition.
Bridge Investment Group Pays $144M for WA Portfolio
Wells Fargo Bank provided the buyer with nearly $94 million in financing to acquire the assets, which contain 682 units across two properties
Seattle Community Opens its Doors
The 226-unit luxury community, developed by LMC, is fully integrated and offers smart-home technology, as well as also pursuing LEED Gold certification.
Security Properties JV Sells Seattle Community for $150M
A private investor—with financing from New York Life Insurance Co.—acquired the 309-unit luxury multifamily asset, which welcomed its first residents in 2017.