Washington

IPA Negotiates Sale of 95-Unit Apartment Complex in Seattle’s Eastlake Neighborhood

by Amy Works September 2, 2026

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of East Howe Steps, an apartment complex located in Seattle’s Eastlake neighborhood. The seller was Bender Equities. An affiliate of Sequel Investment Co. and Evergreen Gavekal acquired the property for $35 million, or $351,579 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA, represented the seller in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta, Ray Allen and Tyler Johnson of IPA Capital Markets arranged acquisition financing for the buyer. Completed in 2016, East Howe Steps features two four-story buildings with a total of 95 studio, one- and two-bedroom apartments, four live/work units with private street-level entrances and 3,000 square feet of ground-floor retail space. The property includes a rooftop deck, open-air walkways, landscaped courtyards, a fitness center, controlled-access parking garage, bike storage and onsite paddle board and kayak rentals.

September 2, 2026

Acquisitions Multifamily Washington Western

Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M

by Amy Works September 1, 2026

SEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit multifamily property located in the Denny Triangle neighborhood of Seattle. PrivatePortfolio GroupFreestone Capital sold the property for $32.2 million, or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer, both of which are Seattle-based, in the transaction. Built in 2014, Aperture on Fifth comprises studio, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and an underground parking garage. Some units feature views of the Space Needle and the downtown Seattle skyline.

September 1, 2026

Acquisitions Multifamily Washington Western

IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington

by Amy Works August 28, 2026

ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen, also with IPA, arranged acquisition financing for the buyer. Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, as well as an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.

August 28, 2026

Loans Multifamily Washington Western

Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Multifamily Property in Seattle

by Amy Works August 21, 2026

SEATTLE — Cushman & Wakefield has arranged a $250 million refinancing for Museum House, an apartment community in Seattle. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford of Cushman & Wakefield represented the sponsor, a pension trust, in arranging the financing, which was provided by Barings. Completed in 2025, Museum House features 506 studio, one-, two- and three-bedroom residences, including 404 market-rate apartments and 102 income-restricted affordable homes through Seattle’s Multifamily Tax Exemption program. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground. Community amenities include a rooftop pool and hot tub, an indoor/outdoor fitness center, coworking spaces, resident lounges, a creative kitchen, pet amenities and wellness programming. Additionally, the community offers 6,010 square feet of ground-floor retail space.

August 21, 2026

Acquisitions Multifamily Washington Western

IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington

by Amy Works August 20, 2026

RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Cascadia Fairwood Landing features 15 two- and three-story residential buildings, an outdoor pool, fitness center and an outdoor pagoda with barbecue stations and seating. The property’s one-, two and four-bedroom apartments also offer full-size washer/dryers.

August 20, 2026

Acquisitions Industrial Life Sciences Washington Western

Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M

by Amy Works August 17, 2026

EVERETT, WASH. — Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, has acquired a biomanufacturing facility in Everett, a suburb of Seattle, for $78 million. In tandem with the acquisition, Breakthrough secured a separate 21-year lease for the entire campus with a global biopharmarceutical company to create a U.S. manufacturing facility. The 270,000-square-foot facility can support a range of uses, including drug manufacturing, quality-control lab operations and, warehouse/distribution functions. The property also offers administrative office spaces and an onsite café. The site, located at 215 Shuksan Way, was originally leased to a biotechnology company that invested approximately $350 million to build out a biomanufacturing facility but never moved in after being acquired in 2023. The transaction marks Breakthrough’s first investment in the Puget Sound region. The name of the seller was not released.

August 17, 2026

Acquisitions Multifamily Washington Western

Northmarq Brokers $22.5M Sale of 178-Unit Go Go Heights Apartments in Spokane, Washington

by Amy Works August 17, 2026

SPOKANE, WASH. — Northmarq has brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit, garden-style multifamily community in Spokane. An entity doing business as LC Gogo Heights LLC sold the property to an undisclosed, Washington-based private investment firm. Tyler Smith, Steve Fischer, Joe Kinkopf and Brendan Greenheck of Northmarq’s Seattle Investment Sales team represented the seller in the deal. Located at 7024 N. Colton St., Go Go Heights Apartments features two- and three-bedroom apartments with hardwood laminate flooring, walk-in closets, in-unit fireplaces, vaulted ceilings and private balconies. Amenities include indoor parking and a pool. The property was built in 1989.

August 17, 2026

Loans Multifamily Washington Western

JLL Provides $42M Agency Loan for Refinancing of Multifamily Property in Vancouver, Washington

by Amy Works August 13, 2026

VANCOUVER, WASH. — JLL has provided a $42 million Fannie Mae loan for the refinancing of Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans along with a pool with poolside grills, playground, dog parks, automated Amazon package locker and a 24-hour fitness center. Charles Halladay, Rick Salinas and Elijah Lax led JLL’s team on the transaction.

August 13, 2026

Loans Multifamily Washington Western

Mesa West Capital Provides $52M Loan for Refinancing of Sumner Mill Apartments Near Seattle

by Amy Works August 7, 2026

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles office arranged the financing. Delivered in 2024 by the sponsor, Sumner Mill Apartments features 162 garden-style studio, one- and two-bedroom apartments spread across 3.8 acres at 5816 162nd Ave. E. Community amenities include an outdoor pool, fitness center, resident clubhouse with full kitchen, conference room, package room, dog park, picnic area, EV-enabled parking spaces and rooftop solar panels.

August 7, 2026

Acquisitions Industrial Self-Storage Washington Western

Colliers Negotiates $18.4M Sale of Sunset Self Storage Facility in Puyallup, Washington

by Amy Works August 5, 2026

PUYALLUP, WASH. — Colliers has negotiated the $18.4 million sale of Sunset Self Storage, a newly constructed facility located at 5514 152nd St. E in Puyallup, a suburb of Tacoma. An entity doing business as BVDSS Puyallup Owner LLC sold the asset to Mitchell RE Holdings LLC. Completed in 2025, Sunset Self Storage features climate-controlled units, multistory elevator access, modern security systems and a variety of storage options. The asset offers direct access to state routes 512 and 167 and I-5. Jacob Becher and Nate Fliflet of Colliers represented the buyer and seller in the transaction.

August 5, 2026

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