Residential
Vibrant Cities’ Multi-Mixed-Use Project Serves as Basis for “Pivoting” Design
By Meghan Hall With available land and infill opportunities near Seattle’s downtown core becoming few and far between, developers are getting creative in...
New Standard Equities Spends $18MM to Acquire 81-Unit Majestic Bay Townhomes in Des Moines
By Jack Stubbs Encino, CA-based New Standard Equities (NSE), a company that owns and operates multifamily properties in markets throughout the Western U.S.,...
Design Review Board Requests Second EDG Meeting for 365-Unit Yesler Towers Project in Seattle
By Bekka Wiedenmeyer Seattle’s Yesler community is known for its rich history, developed post-World War II as one of the first public affordable...
Site of Planned 737-Unit Mixed-Use Project Sold by Crescent Heights for $72MM in Seattle
By Jack Stubbs The Denny Triangle neighborhood of Seattle has seen no shortage of transaction and development activity in recent months. And a...
Pillar Communities Spends $40MM to Acquire the 80-Unit 2nd & John Apartments in Seattle
By Jack Stubbs Scottsdale, AZ-based Pillar Communities, a national property management firm specializing in luxury apartment properties, recently made moves to expand its...
McKenzie Seattle Receives $160MM in Financing
Seattle, Wash. – August 9, 2019 – CBRE has brokered a $160 million permanent loan for McKenzie Seattle, a distinctive elliptical 40-story, luxury...
Pope Resources Sells 65-Single-Family-Lot Property in Gig Harbor, at Site of Harbor Hill Mixed-Use Development, for $12MM
By Jack Stubbs As the Puget Sound region continues to expand, local- and out-of-town investors and homebuilders alike continue to capitalize on opportunities...
PCCP and Intracorp to Develop 129 For-Sale Townhomes in Seattle and Issaquah
San Francisco, CA, August 8, 2019 – PCCP, LLC announced today it has formed a joint venture with Intracorp for the ground-up development of...
Yardi Matrix: National Multifamily Market Shows No Signs of Waning
By Meghan Hall The national multifamily market continues to benefit from the current, robust economic cycle, with rent growth increasing by two percent in...
Concord Pacific Buys Denny Triangle Site in Seattle for $72MM
(EDITOR’S NOTE: The seller of the development site was Miami-based Cresent Heights, which worked through the approval process and obtained a Master Use...
Alexandria Real Estate to Buy South Lake Union Properties for $143.5MM for Major Redevelopment
Nearly $300 Million in Public Benefits from Agreement with Buyer Would Include 175 Affordable Homes on Site, Family-Wage Jobs on Site, New 30,000...
RISE Properties and Aegon Acquire Waterbury Park Apartments in Federal Way for $56MM
SEATTLE (August 7, 2019) — RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”),...