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February 17, 2004 Puget Sound Business Journal (Fifth Item)San Francisco-based Bascom NorthWest Ventures LLC paid $5.92 million, or $64,402 a unit, for the 92-unit Eden Roc Apartments at 13831 NE Eighth St. in Bellevue. The seller was a family partnership.
February 12, 2004 Puget Sound Business JournalEquity Residential Properties Trust has acquired a controlling interest in the Olympus, a 327-unit apartment complex on Western Avenue in Seattle, and the 200-unit Providence in Bothell. The transactions are part of a larger ...
The complex was about 97 percent occupied at the time of the sale.
February 4, 2004 The Wall Street JournalStarwood Capital Group Global LLC is in the process of selling most of its U.S. office properties and has plans to sell about half of nearly 9 million square feet of retail properties and ...
February 4, 2004 Seattle TimesDeveloper John Goodman last week bought the struggling 135-room University Plaza Hotel in Seattle for $5.3 million from Armen Yousoufian. Goodman plans to convert the building into apartments and retail space. The hotel on Northeast 45th ...
February 2, 2004 Puget Sound Business Journal (Fifth Item)Lock Vista LLC of Seattle has purchased the 191-unit Lock Vista Apartments at 3025 N.W. Market St. in Seattle for $18 million, or $94,240/unit. Bellevue-based DRT Properties was the seller.
January 30, 2004 Seattle Times (Third Item)Washington Mutual has purchased a half-block site in downtown Seattle and a nearby parking garage from the Seattle Art Museum for $27.7 million for the 42-story corporate headquarters it plans to build. The $300 ...
Essex Property Trust plans to raise $250 million of equity for its second fund, Essex Apartment Value Fund LP II. The fund will be leveraged by 60 percent, giving it an investment capacity of roughly $640 million.
January 26, 2004 Puget Sound Business JournalLarry Benaroya, developer of Metropolitan Park East and West, would like to reposition the twin Seattle towers as a center for medical and dental offices. The Metropolitan Park complex, built in the '80s, is ...
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