Prometheus Real Estate Group
Rise Properties Sells 178-Unit 10th @ Hoyt in Portland’s Pearl District for $40.4MM
A California family office has bought a 2004 Pearl District apartment building from Rise Properties for about $227,000 per unit, roughly 46 percent...
Report: Portland Multifamily Market Faces Headwinds Despite Strong Occupancy
The Portland multifamily real estate market is navigating challenging conditions, with rents declining despite occupancy rates outperforming national averages. According to the latest...
Prometheus Real Estate Group Sells 350-Unit Emerald Place Apartments in Beaverton, Ore., for $91.1MM
By The Registry Staff A residential property in Beaverton, Ore., had traded hands, showing that investors continue to be attracted to the region....
Proposal for 169-Unit Apartment Building from Prometheus Wins Support from Seattle’s Northwest Design Review Board
By Kate Snyder A project that would bring more than 100 new apartments to Seattle’s Fremont neighborhood has reached another milestone in the...
Prometheus Real Estate Group’s 231-Unit Mixed-Use Proposal Moves Forward in Seattle
By Catherine Sweeney A 231-unit mixed-use development proposal is making its way through Seatte’s Design Review process. Recently, a proposal from San Mateo-based...
Waterton Acquires 265-Unit The Lakes Apartments in Bellevue for $103MM
Well-located Property Boasts Proximity to Multiple Job Centers and Built-in Lifestyle Amenities of Downtown Bellevue (Editor's Note: According to King County property records,...
Prometheus’ Proposal for 169-Unit Apartment Building in Seattle Gains Approval During Early Design Guidance Meeting
By Kate Snyder Seattle’s Fremont neighborhood could soon see more multifamily housing. A proposal for a 169-unit apartment building with retail space was...
Prometheus Real Estate Group Sells 125-Unit Kirkland Apartment Complex for $63.5MM
By Kate Snyder A recent multifamily sale in Kirkland shows that the city still holds interest for investors. The 128 on State Apartments...
Northwest Portland’s 20-acre Slabtown Master-Plan Area Nears Completion with 354-Unit Mixed-Use Project
January 12, 2023 (PORTLAND, OR) – Saltwood, a new, two-building, 354-unit, mixed-use project with 17,000 sq. ft. of retail space, moves Northwest Portland’s...
Pacific Urban Receives $821MM Allocation from CalPERS for Apartment Fund
By Jon Peterson & Vladimir Bosanac Aside from the industrial and life science commercial real estate markets, which over the last two years...
Prometheus Buys 7,798 SQFT Seattle Funeral Home for $20MM
By Kate Snyder A large multifamily property owner based in San Mateo has purchased a funeral home in Seattle, according to King County...
