CBRE represented Weidner Apartment Homes in the sale of A’Cappella Apartment Homes, a 387-unit multifamily community in Lynnwood, Washington, for $112 million.
Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest Multifamily team represented the seller. Built in 1989, A’Cappella is located at 15001 35th Ave. W was recently renovated, with updated interior finishes in the units and common area improvements. The property was 95% occupied at the time of sale.
“A’Cappella’s scale and recent renovation made it a rare offering in a submarket where large, institutional-quality assets rarely trade,” said Yamamoto. “Its pivot-point location to major employment centers, including Boeing, the Eastside, and downtown Seattle, provided buyers with confidence in the property’s long-term performance.”
Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024, offering easy connection to Seattle, SeaTac and the Eastside, while nearby employers anchor the submarket’s job base.
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Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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