Simon | Anderson Team Arranges $19M Sale of Belltown Apartments

Simon | Anderson Team Arranges $19M Sale of Belltown Apartments
News| August 20, 2025| Jasmine Kilman
Seattle & Northwest + Apartment Buildings

Cornelius Apartments, a 137-unit property located at 306 Blanchard Street in Seattle’s Belltown neighborhood, has sold for $19 million.

Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller. “This transaction underscores the continued investor demand for well-located multifamily assets in Seattle’s urban core,” said Simon. “Looking ahead, properties like Cornelius Apartments highlight the opportunities for investors to participate in both the neighborhood’s resurgence and Seattle’s long-term growth story.”

Built in 1925, the classic brick nine-story building features units averaging 455 square feet. Originally designed as a hotel, Cornelius has a colorful past that includes hosting high-profile guests such as Elvis Presley during the era of the 1962 World’s Fair and the unveiling of the Space Needle. The property is close to Pike Place Market, the waterfront, and Olympic Sculpture Park, with nearby dining, nightlife, and cultural venues.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up