Posted On February 8, 2024 | By Jing
Real estate investors expect to buy and sell more property this year, but Fed actions could alter plans
Real estate investors are preparing to buy and sell more commercial property this year than they did in 2023, but most are waiting to see what the Federal Reserve decides to do with interest rates at its meetings later this…
Posted On February 8, 2024 | By Jing
Fed’s signal of cutting interest rates will unlock some CRE deal activity
(Commercial real estate investment volume was down 42% year over year in 2023.TADAMICHI VIA GETTY IMAGES) Deal volume was largely frozen in 2023 across all asset classes, but some analysts are predicting a thaw may occur in 2024 — even if only…
Posted On December 15, 2023 | By Jing
$60M Seattle apartment sale comes as rents poised to jump
Harrison Square Apartments was rebranded Novi at Queen Anne following the recent $60.1 million sale of the 166-unit property in the Uptown neighborhood. The sales amount is slightly higher than the assessed value of the asset. (COURTESY OF BERKADIA) San…
Posted On October 28, 2023 | By Jing
Renton property sold in one of the biggest multifamily deals of 2023
(JENNIFER CLARK/PORCHLIGHT IMAGING) The 400-unit Carriages at Fairwood Downs in Renton had been acquired by the seller in 2016 for $98 million. An apartment complex in Renton traded last week for $107 million, making it King County’s second-priciest multifamily deal…