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MultifamilyOutlook

The Registry Ranks: Puget Sound Apartment Submarkets for Value-Add Buyers — East King Wins, Pierce County Needs a Discount

Regional apartment vacancy is 6.7%, cap rates sit near 5.7%, and 19,368 units are still under construction. We ranked seven Puget Sound submarkets...

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AECFeaturedFinanceIndustry NewsResidential

Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’

At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...

uni rail in Seattle
FinanceIndustry NewsResidential

Coverse Capital Pays $17.5MM for 88-Unit 6700 Roosevelt Apartments Across From Seattle Light Rail Station

Coverse Capital paid $17.5MM, about $198,900 per unit, for the 88-unit 6700 Roosevelt across from Seattle’s Roosevelt light rail station.

View of Seattle from Space Needle
FinanceIndustry NewsResidential

Bellwether Housing Lists 85-Unit Olive Tower Across From Seattle Convention Center for $8.5MM

Bellwether Housing has put its 14-story Olive Tower on the block at $8.5 million, offering investors a rare shot at an 85-unit downtown...

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FinanceResidential

45-Unit Suncrest Apartments in Walla Walla Sells for $4.3MM in City’s Largest Deal of the Year

The 45-unit Suncrest Apartments in Walla Walla sells for $4.3MM, or $95,649 per unit, in the city's largest apartment sale of the year.

Apartment building facade
FinanceResidential

Dan Dahl Sells 23-Unit Tamarack Apartments in Wenatchee for $3.25MM, Ending 19-Year Hold

A 23-unit garden-style apartment community a short walk from downtown Wenatchee drew a contract within 72 hours of hitting the market and traded...

apartment building facade
AECFinanceIndustry NewsResidentialRetail

West Edge Opens First Phase of $229MM, 516-Unit Cedarside Commons in Stanwood After 25-Year Wait

Arlington-based West Edge Development is set to welcome the first residents to Cedarside Commons in late October, launching a 516-unit, $229 million mixed-use...

View of Seattle skyline at night
AECIndustry NewsResidential

High Street Residential’s 244-Unit The Ryder Nears Opening Next to Seattle’s Roosevelt Station

The 244-unit transit-oriented building half a block from Roosevelt Station arrives as Seattle's new apartment deliveries fall by more than half. High Street...

facade of apartment building
FinanceIndustry NewsResidential

Newly Built Nathan and Marx Apartments in Spokane Valley Sell for $18.25MM

Two apartment buildings completed in Spokane Valley during the region's recent construction wave have traded together for more than $18 million, a price...

Bellevue skyline with the marine in the forefront
FinanceIndustry NewsResidential

Pine Forest Properties Sells 30-Unit Heights at Meydenbauer Apartments in Bellevue for $15MM

Redmond Buyer Pays $500,000 per Unit for Bellevue Apartments Near Old Bellevue and Meydenbauer Bay A Bellevue-based firm has sold a small apartment...

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FinanceIndustry NewsResidential

106-Unit Adams Square Apartments in Spokane Valley Trades for $13.4MM

A 1970s-era apartment complex in Spokane Valley has changed hands for more than $13 million, a price well below what newer product commands...

Apartment building with a pink background
FinanceIndustry NewsResidential

RISE Properties Trust Affiliate Sells 366-Unit The Groves in Kent to FPA Multifamily for $72MM

San Francisco-based FPA Multifamily picked up the 1980-built complex for about $196,700 per unit, in line with recent South King County sales and...

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