FPA Multifamily Buys 190-Unit Multifamily Community in Auburn for $44.5MM

Source SEATTLE –– CBRE announced the $44.5 million sale of Neely Station, a 190-unit multifamily community in Auburn, Washington, to a confidential buyer. Eli Hanacek, Jon Hallgrimson, Mark Washington and Kyle Yamamoto with CBRE’s Pacific Northwest-based multifamily team represented the seller, Goodman Real Estate Inc. The property is located at 1433 8th Street NE in Auburn,… READ MORE

New Kent apartment complex acquired for $141M

Source Security Properties and a Rockwood Capital affiliate have closed the $141.1 million acquisition of a new Kent apartment complex, Midtown 64. Seattle-based Goodman Real Estate developed the 365-unit, 10-acre project at 24615 64th Ave. S., along city's revamped pedestrian-friendly Meeker Street corridor between the Green River and downtown. Security Properties Senior Director Davis Vaughn said in… READ MORE

Compassion Seattle qualifies for the ballot, and real estate execs are the campaign’s lead funders

Source The top five contributors to the Compassion Seattle charter amendment campaign are commercial real estate companies and executives, each contributing $50,000. The campaign on Wednesday said King County elections validated enough signatures to put Charter Amendment 29 on the Nov. 2 ballot. Signatures of at least 33,060 registered voters were needed, and just over… READ MORE

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