Washington

SEATTLE AND REDMOND, WASH. — Goodman Real Estate has sold two multifamily properties near Seattle for a combined total of $172 million. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represented the Seattle-based seller in both transactions. Each property was developed in 2024 and sold to undisclosed buyers. CRU at Willows 124 in Redmond traded for $94 million. The 195-unit, six-story building sits on 1.6 acres within a master-planned community adjacent to Willows Run Golf Club and includes 22,998 square feet of fully leased commercial space across three suites. The property features a mix of studio, one- and two-bedroom floor plans along with a rooftop terrace, three clubhouses, fitness center, two work-from-home lounges and a basketball court. Baldwyn Apartments is a 235-unit property located at 10712 5th Ave. NE in Seattle’s Northgate neighborhood, adjacent to the site of Simon Property Group’s Northgate Station redevelopment. Northgate Station is a 55-acre mixed-use project that includes the Kraken Community Iceplex and additional retail spaces that will be opening through 2028.

SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the Market to SSHD for $60.9 million. Kidder Mathews arranged the sale. The 150-unit property, which Johnson Development Associates built in 2017, is located half a mile northwest of Pike Place Market. In 2023, Seattle city residents voted on Initiative 135, a local citizen-led ballot measure that officially chartered SSHD. In 2025, city voters went to the polls again to pass Proposition 1A, approving a local city tax on high-earning corporations to fund the public development authority. The city maintains the Seattle Housing Authority (SHA), which primarily serves the city’s poorest residents, mostly backed by federal HUD programs that fund households earning 30 percent or less of the area median income (AMI). SSHD, on the other hand, serves a middle bracket of residents earning up to 120 percent of AMI, specifically designed to help workforce renters, such as teachers and service industry workers — those renters who earn too much to qualify for public housing but not enough to afford market-rate rents. Johnson …

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit multifamily property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. Developed in 1986 on 4 acres, the property features one- and two-bedroom apartments spread across six residential buildings and a standalone clubhouse. Community amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the San Francisco-based seller and procured the buyer, also based in San Francisco.

VANCOUVER, WASH. — Green Light Housing has purchased Carriage Housing Apartments, a garden-style affordable housing property located at 4714 N.E. 72nd Ave. in Vancouver, from Jackson Square Properties. The sales price was $35.4 million. Joe Nydahl and Josh McDonald of CBRE represented the buyer and the seller in the deal. CBRE Debt & Structured Finance’s Nick Santangelo, Micah Springston and Matt Thorp sourced accretive financing through Fannie Mae’s Multifamily Affordable Housing Program at 75 percent loan-to-value. Built in 1993, Carriage Housing Apartments features 160 one-, two- and three-bedroom apartments. Community amenities include a pool, fitness center, clubhouse and a gated entry.