Multifamily
MG Properties Pays $53MM for 164-Unit Woodcreek Apartments in Lynnwood
The acquisition marks MG Properties’ latest move in a Seattle-area buildout that has added roughly a dozen communities since 2015, following its $95.6...
Waterton Acquires 344-Unit Arrivé High-Rise in Seattle’s Belltown for $155MM
Waterton plans a light value-add renovation of Arrivé’s lobby, amenities and units, betting on Belltown’s walkable access to Amazon, Google and Apple even...
Downtown Seattle Sets Recovery Records as Office Vacancy Climbs Near 35%
The Downtown Seattle Association’s July data shows apartment occupancy, hotel demand and transit ridership all beating or matching pre-pandemic benchmarks, even as office...
Pillar Communities Sells 106-Unit Aperture on Fifth in Seattle’s South Lake Union for $32.3MM
The $32.3 million sale of the 12-year-old apartment building marks an exit for Phoenix-based Pillar Communities, which developed the property in 2014 and...
Goodman’s Approved 134-Unit Redmond Apartment Site Signals a Possible Childcare Pivot
A fully entitled apartment project a short walk from Redmond’s light rail station has sat unbuilt for years, and new signals suggest Goodman...
Lunara Opens Leasing With 146 Units Steps From Mercer Island’s New Light Rail Station
A 146-unit apartment building has opened for leasing in the heart of Mercer Island’s Town Center, arriving just months after Sound Transit’s long-delayed...
Port of Ridgefield’s 40-Acre Waterfront Redevelopment With Palindrome Meets Community Resistance
The Port of Ridgefield and developer Palindrome Properties Group are advancing a roughly 40-acre mixed-use district on remediated industrial land along Lake River,...
Portland Pilot Finds Multifamily Energy Reporting Takes Under 10 Hours
A year-long test run across five Portland apartment properties has undercut one of the loudest objections multifamily owners raised against the city’s push...
Seattle’s 506-Unit Multifamily Community Museum House Secures $250MM in Refinancing
Barings has stepped in with $250 million in permanent financing for Seattle’s newly completed Museum House, the twin-tower First Hill community built beside...
6.44-Acre Gateway Development Site in Portland Listed for $19.99MM
SVN Imbrie is marketing the 31-parcel, shovel-ready assemblage with completed street infrastructure and zoning for buildings up to 120 feet tall, pitching it...
Shilshole Development Breaks Ground on 70-Unit Trestle Flats Near U Village
Construction has begun on Trestle Flats, Shilshole Development’s 70-unit apartment project on a long triangular lot near University Village, bringing street-level medical and...
Exxel Pacific Completes 65-Unit Artline Project on Tight Fremont-Ballard Site as Seattle Deliveries Slow
Exxel Pacific has finished construction on Artline, a six-story, 65-unit mixed-use apartment building squeezed onto a steeply sloped corner lot straddling Seattle’s Fremont...
