American Capital Group, Clarion Partners Complete Apartments in Lynnwood
American Capital Group and Clarion Partners announced the completion and opening of Enso Apartments, a 316-unit multifamily community located at 4001 198th St SW in Lynnwood, Washington.
Enso Apartments is a transit-oriented development located within a federally designated Qualified Opportunity Zone in the heart of Lynnwood City Center. Ideally positioned along Interstate 5 and walkable to the Lynnwood Link Light Rail Station, Enso offers convenient access to Downtown Seattle and connections to major employment centers across the Greater Seattle area.
The community features 316 apartment homes with a mix of studios, one-, two-, and three-bedroom floor plans as well as approximately 3,950 square feet of retail space. “Lynnwood has evolved significantly, anchored by the opening of light rail and a growing renter base that values both access and quality of life,” said BJ Kuula, CEO of American Capital Group.
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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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Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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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