Multi Housing News Odyssey Properties and L5 Investments have completed the purchase of Arbor Chase, a 100-unit apartment property in Kent, Wash., for $24.5 million, or $245,000/unit. LivCor, a Chicago subsidiary of Blackstone Group, sold the property, at 1615 West ...
Commercial Property Executive CenterPoint Properties has bought a 276,330-square-foot warehouse at 19826 Russell Road South in Kent, Wash., for $44.5 million, or $161.04/sf. The Oak Brook, Ill., industrial real estate investment company purchased the property from Iron Mountain, which had ...
Royal Firs apartments The property has been rebranded Alvista 240.
The purchase was financed with a $23.39 million agency loan written by Prudential Multifamily Mortgage LLC. The 10-year mortgage carries a fixed rate of 3.845 percent and requires only interest payments for the first five years.
98.7 percent leased
92 percent leased.
97.6 percent leased.