Washington

Corner-63-Seattle

SEATTLE — CBRE has arranged the $59.3 million sale of Corner 63 Apartments in Seattle’s Roosevelt neighborhood. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented the seller, High Street Residential, the residential subsidiary of Trammell Crow Co., in the transaction. The buyer’s identity was not disclosed. Located at 6300 9th Ave. NE, Corner 63 is a seven-story, mid-rise community completed in 2023. The property offers a mix of studio, one- and two-bedroom units. Amenities include a rooftop terrace, fitness center, coworking lounge, dog run …

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Modera-Woodmont-Beach-Des-Moines

DES MOINES, WASH. — Mill Creek Residential has begun construction of Modera Woodmont Beach in Des Moines, 20 miles south of downtown Seattle. Modera Woodmont Beach will include 280 apartments and 7,500 square feet of retail space. Resident move-ins are estimated to begin in summer 2027. The community will be built to National Green Building Standard (NGBS) certification, which awards points for features such as energy and water efficiency and indoor air quality. Units will be comprised of one-, two- and three-bedroom floor plans, and amenities will include a resort-style …

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John-Winthrop-Apartments-Seattle

SEATTLE — Locally based Nordic Partners Investments has acquired John Winthrop Apartments, a 79-unit property at 1020 Seneca St. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon Anderson Multifamily Team represented the undisclosed seller. Nordic Real Estate specializes in value-add multifamily acquisitions with a focus on vintage properties. The John Winthrop building was constructed in 1925. Two units have been fully renovated. Nordic plans to implement a unit-upgrade program on the remaining homes.

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Valley-Vista-Tacoma

TACOMA, WASH. — Investors Management Group (IMG) has sold Valley Vista Apartments in Tacoma to Seattle-based m5x2 for approximately $15.9 million. California-based IMG acquired Valley Vista in 2016 for $11.4 million. Kidder Mathews represented IMG in the transaction. The 108-unit property was developed in 1986. IMG deployed a $2.5 million value-add plan, upgrading units and amenities, during its hold period. Improvements included a new exercise and community room, an updated community deck, a refreshed leasing office, new signage and the conversion of a playground to a dog park.

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Versant-Bellevue-Washington

BELLEVUE, WASH. — High Street Residential (HSR), a subsidiary of Trammell Cros Co., and PGIM have broken ground on Versant Bellevue, a 351-unit property adjacent to the East Main Light Rail Station in Bellevue. The project is slated for completion in the third quarter of 2028. Located at 11040 Main St., the new development will occupy 1.7 acres and will replace an existing two-story office building. The development team closed on the land on March 13. Chad Waldbaum of JSH Properties represented HSR in the transaction. The architect is Weber …

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River-Court-Apts-Spokane

SPOKANE, WASH. — Kidder Mathews has arranged the sale of River Court Apartments, a 21-unit community in Spokane. Kidder Mathews’ Max Frame represented the undisclosed seller. The buyer was also not identified. The asset traded for approximately $2.3 million. The community, built in 1979, is located at 3001 E. Upriver Drive along the Spokane River in the Minnehaha neighborhood. River Court Apartments consists primarily of two-bedroom units with an average size of 845 square feet. Amenities include a sports court and covered parking. “River Court Apartments offer a strong value-add …

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4th-&-Harrison-Seattle

SEATTLE — JPI has acquired a development site at 400 4th Ave. W. in Seattle. The Dallas-based developer, in partnership with Seattle-based Stream Real Estate, plans to build a 10-story, 189-unit community on the parcel. The partners have not disclosed specifics about the project but say two- to three-bedroom floor plans designed with families in mind will take priority. Construction is expected to begin in spring 2027.

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Mark-Washington-Walker-Dunlop

SEATTLE — Walker & Dunlop has hired Mark Washington as managing director of capital markets, multifamily investment sales. Washington will be based in Seattle and will lead multifamily sales across the Pacific Northwest. Prior to joining Walker & Dunlop, Washington served as an executive vice president with CBRE’s capital markets team in the Pacific Northwest, where he focused on institutional multifamily investment sales. Earlier in his career, he held roles at Eastdil Secured, JLL and TH Real Estate, advising clients on complex asset transactions and portfolio strategies.

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OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …

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maddox-sunnyvale-California

LOS ALTOS, CALIF. — Interstate Equities Corp. (IEC), a Los Altos-based investor specializing in value-add assets in California and the Seattle metro area, has acquired a four-property portfolio for $272 million with joint venture partner PGIM. Mesa West Capital provided a $201.5 million acquisition loan arranged by Eastdil Secured. The assets, developed between 1987 and 2015, are The Maddox (184 units) in Sunnyvale, California; Catalyst Mountain View (149 units) in Mountain View, California; Cirrus Redwood City (141 units) in Redwood City, California; and Cumulus SLU (100 units) in Seattle. IEC …

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