Monday Multifamily Links

The Certified Commercial Investment Member Institute gives us some Market Trends they have observed from 2011 and offer an outlook at this year. CCIM: Market Trends First Hill in Seattle has gotten a proposal for two apartment towers by a Swedish pension fund.  A year ago the fund started buying property from foreclosure. Now the … Read more

Monday Multifamily Links

Archstone has added another 131 units to its Seattle portfolio.  It announced the acquisition on Wednesday of Carillon Heights, which overlooks Lake Washington and Carillon Point. Globest.com: Archstone Partnerships Buy Two Communities Totaling $110M The Obama Administration and Congress would like to see the government take a reduced role in the mortgage market and the … Read more

Monday Multifamily Links

Online shopping giant, Amazon.com, has agreed to buy three blocks in the Denny Triangle of Seattle just west of Westlake Avenue.  The company plans to build a 1 million square foot office tower on each site further expanding the South Lake Union build up. Seattle Times: Amazon to Buy Denny Triangle Property; Plans 3 Big … Read more

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

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