• Jansen Multifamily Team Blog

    Insight and commentary on the Puget Sound apartment market

Monday Multifamily Links

The sale of The Mill at Mill Creek, 516 units, was finalized last week.  Greystar was able to obtain a $46.3 million dollar loan to finance the transaction. GlobeSt.com: Greystar Closes on 516-Unit Seattle Multifamily Buy Greenwood Avenue North received approval Tuesday for a 263-unit complex. Seattle Times: Planners approve Greenwood apartment complex Ten year … Read more

Monday Multifamily Links

According to Federal Reserve Chairman, Ben Bernanke, Fannie and Freddie may have to bear more losses to “stoke” broader recovery due to the continued weakness in the housing market. Seattle Times: Bernanke: Fannie, Freddie May Have to Suck Up More Losses Kenneth Riggs Market Forecast for 2012 shows Multifamily sector in for a robust 2012.  Stated … Read more

Monday Multifamily Links

Puget Sound super employer, Boeing, is closing down a plant in Wichita, Kansas which will result in more jobs for the northwest plant due to the recently approved deal with the Machinists union.  ”Business costs in Wichita are not competitive in the military maintenance, repair, and overhaul market,” says Mark Bass, VP and GM of … Read more

Tuesday Multifamily Links

Pricewaterhouse Cooper’s 4th Quarter Investor Survey says that low vacancies are going to drive the apartment sector into major development mode in 2012.  Low interest rates are also given credit as sidelined developers can now acquire financing. CCIM: Apartment Development Boom Expected in 2012 The University of Washington and Seattle Children’s Hospital plan to build … Read more

Monday Multifamily Links

An optimistic Market Forecast to recovery by David Rifkind is offered in this article by looking back at historical cycles in the market. CCIM: Signposts to Recovery Northgate Mall’s Thornton Place has secured financing valued at $75.5M for the mixed use project.  Thornton Place boasts 279 rental units in the mid-rise buildings above 115,000 sq … Read more

Follow

Get every new post delivered to your Inbox.