Residential
U.S. Economy Faces Slower Growth Amid Persistent Inflation and Tight Monetary Policy
By John Beuerlein, Chief Economist at the Pohlad Companies The U.S. economy continues to move forward, albeit at a slower pace, with a labor market...
Vacasa Cuts Deep: 40% of Corporate Staff Laid Off in Restructuring Since 2023
Vacasa, a Portland-based vacation rental management company, announced its third mass layoff since early 2023 on May 9th, 2024. The company will cut...
88-Unit Bella Vista Apartments in Tacoma Traded for $18.5MM
By Kate Snyder An apartment complex in Tacoma traded hands recently in a deal that shows multifamily communities throughout the Puget Sound region...
Mortgage Rates Decrease for the First Time Since March
MCLEAN, Va., May 09, 2024 — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM)...
Essex Property Trust Acquires JV Partner’s Stake in 1,480-Unit Apartment Portfolio for $505MM, Including Property in Bothell for $62MM
(EDITOR’S NOTE: The properties that were part of the deal included the 440-unit The Havens apartment complex in Fountain Valley, which is located...
Aegis Living Opens New 136-Unit Community in Seattle’s Laurelhurst Inspired by University of Washington
May 8, 2024 (Bellevue, Wash.)—Aegis Living, a leader in senior living and memory care, has opened Aegis Living Laurelhurst, a new community inspired...
$14.5MM in Permanent Loans Secured for Two Seattle Multifamily Properties
Capitol Hill Class A Apartment Building and Student Housing Land Lease Financed with Fixed Rate Life Insurance Company Debt; Life Companies Remain Attractive...
TWG and Amazon Host Groundbreaking Ceremony on New 170-Unit Senior Affordable Housing Property in Kirkland
Ardea at Totem Lake will create 170 new affordable, transit-oriented homes for seniors in the Seattle area KIRKLAND, Wash. (May 2, 2024) –...
Bellevue’s Venerable Athletic Club Plots 266-Unit, Two-Tower Luxury Expansion
The Bellevue Club, a fixture of Eastside luxury and fitness for decades, is poised for a dramatic transformation that will reshape not only...
Seattle Housing Authority Buys 98-Unit Verse Apartments in City’s Central District for $27.4MM
By Kate Snyder A multifamily community traded hands in Seattle recently, showing that the city’s residential market continues to draw investors. The Verse...
Mill Creek Buys 36,000 SQFT Bowling Alley, Additional Property in Kirkland for $26.3MM, Plans Multifamily Development
By Kate Snyder A 35,926 square foot bowling alley in Kirkland traded hands recently in a deal that is meant to pave the...
Terwilliger Plaza Senior Living Community Opens 370,000 SQFT Expansion in Downtown Portland
Portland, Oregon (April 15, 2024) – Terwilliger Plaza, a single-site non-profit Continuing Care Retirement Community (CCRC), located in Portland, OR celebrates the completion...
