CBRE Arranges Over $150M in Multifamily Sales
New York-based KKR & Co. has expanded its Seattle-area footprint with a pair of acquisitions totaling $172 million.
CBRE arranged the sale of CRU at Willows 124, a 195-unit, new-construction multifamily community in Redmond, Washington, for $94 million. CBRE represented the seller, Goodman Real Estate, in the transaction.
CBRE also brokered the $78 million sale of Baldwyn Apartments, a 235-unit, new-construction multifamily property at 10712 5th Ave NE in Seattle’s Northgate neighborhood, on behalf of seller Goodman Real Estate. CBRE’s Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the sellers in the transactions.
CRU at Willows 124 sits on 1.62 acres within a master-planned community adjacent to Willows Run Golf Club. The mid-rise podium building spans six stories and includes 22,998 square feet of fully leased commercial space across three suites. Built in 2024, Baldwyn sits a 10-minute walk from the Northgate Light Rail Station, with a 13-minute ride to downtown Seattle and a nine-minute ride to the University of Washington.
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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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