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

Steve Duffy speaks about the strong fundamentals of the multifamily market in this interview with GlobeSt.com. GlobeSt: Multifamily: Where Everyone Wants To Be The Federal Housing Administration is betting that housing will recover enough this year and is expanding the sizes of the mortgages it will insure. Seattle Times: FHA Increases Size of Jumbo Loans … 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

The first half of this  article by John Miller provides more proof that Apartments are the best bet for investors.  Surges in demand have pushed rents in most areas and the continued trouble of homeowners facing strict lender requirements for home financing is only benefiting apartment owners. GlobeSt: Unaffordable Apartments; Trump’s Faux Run Ten year Treasury Yields decline … Read more

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

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