Finance
Cadence Real Estate Sells 42-Unit Apartment Building in Seattle’s Westlake Neighborhood for $20.1MM
By Catherine Sweeney Not long after being developed, a 42-unit apartment building in Seattle has been traded for $20.1 million, or roughly $478,571...
City of Kirkland Buys 17,500 SQFT Shopping Center for $14MM, With Plans for Mixed-use Redevelopment
By Catherine Sweeney After acquiring the mostly vacant Houghton Village Shopping Center last week, the City of Kirkland has announced plans to convert...
PEMCO Insurance to Explore Alternatives to Seattle Headquarters
PEMCO Mutual Insurance, the Northwest’s largest locally based auto and home insurance carrier, is exploring the sale of its company headquarters building, along...
ColRich Pays $52MM for 177-Unit CityZen Commons in Kent
By Catherine Sweeney The King County multifamily market is continuing to see increased sales activity, as residential assets are being bought up throughout...
Swig to Close on First Seattle Acquisition with $71MM Purchase in South Lake Union
By Jon Peterson San Francisco-based The Swig Company is in the process of buying its first real estate asset in the Seattle market...
Greystar Pays $29MM for Seattle Redevelopment Site Entitled With 24-Story Residential Tower 
By Catherine Sweeney A redevelopment site in Seattle’s Belltown neighborhood that is fully entitled for 287 residential units is once again changing hands....
Dalfen Industrial Buys 132,367 SQFT Warehouse Building in Tukwila for $34.8MM
By Catherine Sweeney Dalfen Industrial is growing its footprint across the Puget Sound region, recently acquiring an industrial building in Tukwila for $34.8...
Local Nonprofit Acquires 66-Unit Multifamily Asset in Seattle’s Fremont Neighborhood for $20.4MM
By Catherine Sweeney The Chief Seattle Club, a nonprofit that provides services to the city’s growing homeless Indigenous population, has recently acquired additional...
43-Unit Apartment Community in Burien Sells for $10.5MM
(EDITOR’S NOTE: According to public documents filed with King County, the property sale closed on 5/31/2022. The buyer was an entity based in...
Newly Developed 53-Unit Samish Station 1 & 2 in Bellingham Sell for $17.6MM
COSTA MESA, CA –The Mogharebi Group (“TMG”) has arranged the sale of Samish Station 1 & Samish Station 2, a 53-unit community in Bellingham, WA. Samish...
Next Wave Buys Two Multifamily Communities Totaling 110 Units In Beaverton for $30.5MM
Beaverton, Ore. (May 27, 2022) – Next Wave Investors, LLC (“Next Wave”), a private equity firm focused on value-add multifamily investments, has acquired two...
Clarion Partners Acquires 201-Unit Apartment Complex in Everett for $75.5MM 
By Catherine Sweeney Clarion Partners is growing its presence in the Pacific Northwest, recently acquiring the Charter Club Apartments in Everett. According to...