The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 16, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Pacific Urban Investors Closes $90 Mil Seattle Res Buy

7/05/22

In a recent Seattle res trade, Alley24 Apartments, a 172-unit multifamily asset in the city’s South Lake Union area, was acquired by Pacific Urban Investors for $90 mil, or $523k/unit. The property, located at 241 Yale Ave N, was originally built in 2006 and renovated in 2014.

The mid-rise multifamily community has a unit mix comprised of one- and two-bedroom apartments, modern lofts, and townhomes. Units include deluxe condo quality finishes such as designer kitchens with quartz countertops and stainless-steel appliances, washer/dryers and oversized windows with views of Lake Union and downtown Seattle. Amenities include two rooftop terraces with fire pit lounge, catering kitchen, media room, 24-hour gym, and striking resident lounge.

Eli Hanacek, Jon Hallgrimson, and Mark Washington of CBRE represented the seller, The Jacobson Company, who acquired the asset from Greystar in 2020. Greystar had originally purchased Alley24 from Vulcan back in February of 2015 for $58.2 mil.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media