Cushman & Wakefield Arranges $12M Sale of Historic Apartments in Seattle
Cushman & Wakefield has arranged the sale of the Roy Vue Apartments, a 34-unit historic apartment community located at 615 Bellevue Ave E in Seattle’s Capitol Hill neighborhood. The final sale price was $11.5 million.
Cushman & Wakefield’s Dylan Roeter, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, and Byron Rosen represented the seller in the transaction. Roy Vue Apartments is a wood-frame, 34-unit community totaling 34,059 net rentable square feet. The property consists of 30 one-bedroom, one-bath units and four two-bedroom, one-bath units, with an average unit size of over 1,000 square feet.
The property features a private landscaped courtyard, 9-foot ceilings, 19 individual garages and updated building systems. Located in the north end of Capitol Hill, Roy Vue Apartments offers residents excellent walkability. The property is within close proximity to major employment centers, transit options, dining, and retail.
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HSL Purchases 180-Unit Tucson Rental Community
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
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ARCTRUST, Edison Equity Teaming Up on 175-Unit Austin-Area 55+ Community
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
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RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout