The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
MIG Real Estate Buys 238-Unit Apartment Property in Seattle


MIG Real Estate bought Solara, a 238-unit multifamily community in North Seattle, in an $84 mil transaction that works out to $353k/unit. The asset was sold by Sares Regis Multifamily Funds, a multifamily value-add investment manager based in Newport Beach.

Built in 2001, Solara is a three-building, mid-rise apartment community located at 12736 Lake City Way NE in North Seattle. The property has studio, one-, two- and three-bedroom units and 5.8k sf of ground-floor retail, home to a bakery caf and The Beer Authority, among others. Community amenities include a 24-hour fitness center, resort-style pool, recently updated community room and resident lounge, game room, Wi-Fi caf, conference room and landscaped courtyard.

CBREs Jon Hallgrimson, Eli Hanacek, Frank Bosl and Kyle Yamamoto represented Sares Regis in the deal. Bill Chiles, Scott Peterson and Brian Cruz with CBRE Capital Markets in San Diego partnered with CBREs Seattle multifamily team in arranging $62.6 mil in financing for the acquisition on behalf of MIG Real Estate.

Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media