Washington

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Skye, a 371-unit apartment building with 13,300 square feet of ground-floor retail space in Seattle’s Denny Triangle neighborhood. The 18-story community was originally built in 1949, and all units were renovated between 2014 and 2016. Tenants have access to a controlled-access parking garage, rooftop terrace, fenced dog park, walking trails and green lawns. Apartments come in studio, one-, and two-bedroom floor plans. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino …

OLYMPIA, WASH. — Nearon Enterprises has acquired Parkview, a 72-unit property located within the 137-acre Briggs Village master-planned community in Olympia, approximately 60 miles south of Seattle. The Walnut Creek, California-based investment company acquired the asset from its original developer, Amoroso Cos. Completed in 2012, Parkview offers a mix of one-, two- and three-bedroom apartments. The average unit size is 1,036 square feet. Residents have access to shared amenities including bike storage, a fenced dog run, and package lockers. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional …

EVERETT, WASH. — Weidner Apartment Homes has sold Sunrise Lane, a 131-unit property in Everett, roughly 29 miles north of Seattle, for $35 million. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the undisclosed buyer.  Built in 2000 on six acres, Sunrise Lane is a gated community that offers a mix of one-, two- and three-bedroom apartments. The average unit size is 1,020 square feet. Shared amenities include a clubhouse, pool, spa and …

SEATTLE — Kidder Mathews has arranged the $42.6 million sale of Metro on First, a 106-unit property in Seattle’s Queen Anne neighborhood. Located at 215 First Ave. W., Metro on First offers studio, one- and two-bedroom apartments. The 72,194-square-foot community was built in 2001 and has undergone interior renovations in recent years. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily team represented the seller, a large institutional owner, and sourced the undisclosed buyer in the deal.

EVERETT, WASH. — CEP Multifamily has purchased Nimbus, a 165-unit property located at 2701 Rockefeller Ave. in Everett, approximately 30 miles north of Seattle. David Young, Corey Marx and Chris Ross of JLL Capital Markets represented the seller, Trent Development, in the deal. The eight-story complex traded hands for $49 million. Completed in 2022, Nimbus offers a mix of studio, one- and two-bedroom units. Amenities include a coworking lobby, fitness room, arcade, entertainment kitchen and rooftop lounge.

RENTON, WASH. — SCS Development Co. has sold Copper Ridge Apartments, a 325-unit community in Renton, roughly 11 miles south of Bellevue, Washington. Timberlane Partners purchased the asset for $70.7 million. Built in 1983 and 1985, Copper Ridge offers one-, two- and three-bedroom apartment units housed in two- and three-story residential buildings. The average unit size is 788 square feet. All residences have private decks or balconies, and select units also feature wood-burning fireplaces. Amenities include a pool, three laundry facilities and a children’s playground. Giovanni Napoli, Philip Assouad, Ryan Harmon, …

FEDERAL WAY, WASH. — Pathfinder Partners has acquired Cedardale, a 126-unit property in Federal Way, roughly 25 miles south of Seattle. CEP Multifamily sold the asset for $31 million. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, arranged the transaction. Cedardale was built in 1981 on seven acres. The community offers one- and two-bedroom apartments with washers and dryers, wood-burning fireplaces and private decks or patios. The average unit size is 746 square feet. The property features …