News
WANT MORE DEALS?
April 12, 2012
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| We snapped Cost Segregation Services' Jonathan Frizzell and BT Marketing's Barbara Travers at what might be the best dealmaking session you don't know about in Seattle. Yesterday, we sat in on the proceedings and will have lots more about it in Tuesday's issue. Stay tuned! Meantime, here are a few other deals to keep you satiated: |
| SALE |
| Legacy Partners scored two big deals this past month, selling Tacoma's The Fairways apartments for $52.5M to Fairfield Residential. The 545-unit complex is Fairfield's seventh apartment complex in the greater Seattle area. And Legacy sold the Riverpark Apartments in Redmond for $95.3M the week before. |
| CONSTRUCTION & DEVELOPMENT |
| Resmark Apartment Living and Greystar are contributing to Redmond's multifamily boom with Elan Town Center, a 134-unit project that also includes 7,700 SF of restaurant and retail space. Apartments will average 872 SF and feature nine-foot ceilings. Another big selling point: The building will have a yoga studio(exercise rooms are so pass). Elan is scheduled for delivery in '13. |
| *** |
| Madison Development Group is in the permitting phase for a new mixed-use development on Capitol Hill at Melrose Avenue and East Pine Street. Plans are for a seven-story, 98k SF apartment project with 16k SF of retail. Kirkland-based Madison is responsible for a number of similar projects, including Element 42 and Fauntleroy Place, both in West Seattle. |
