Monday Multifamily Links

Ross Rant give his opinion on how we should be viewing the markets.  What really is normal after this crash? GlobeSt.com: What is Really a Return to Normal? “Spending on hotels, industrial plants, and other commercial properties is going to set the pace for the construction industry over the next two years,” says Kermit Baker, … Read more

Monday Multifamily Links

A year ago the Marlborough Apartments, 83-units on First Hill, sold for $12.75M.  Trinity Real Estate has now sold the project to an unidentified buyer for $26.7M. Seattle Times: Vintage Apartment Building on First Hill sells at a Premium The Moda Apartments, a failed condo project from 2006, has been sold to Equity Residential Properties … Read more

Thursday Multifamily Links

The AFL-CIO Building Investment Trust returns to the Pacific Northwest teaming up with Legacy Partners to develop the PortVue Apartments, a 193-unit multi-family project in West Seattle. Legacy plans to begin construction in the next few weeks. Globest.com: BIT Renews $48 Million Commitment to Pacific Northwest The Institute of Real Estate Management reports that apartment owners … Read more

Wednesday Multifamily Links

The stock market has been a roller coaster ride and investors are feeling anxious, as the Dow closes 520 points down today.  But, is there a silver lining for apartment investors?  Yes, because as the Dow continues it’s volatility, the treasury yield curve continues it’s downward move, with the 10-year reaching a record low of 2.03 on Tuesday. … Read more

Tuesday Multifamily Links

Senate passes debt ceiling bill, but rating agencies could still downgrade the country’s AAA rating if the bill doesn’t address the US’s long-term deficit. Globe Street:  Less than 24 hours after the House of Representatives voted 269-161 to raise the debt ceiling by $2.1 trillion, the Senate followed suit with a final vote of 74-26 CMBS … Read more

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