The Low Income Housing Institute (LIHI) recently hosted a grand re-opening for the Rosie’s Village shelter at 12201 Aurora Ave. N. in North Seattle.
Previously situated in the University District on Sound Transit property, the original site is being redeveloped by LIHI into affordable housing. The new village features 37 tiny houses and is conveniently located near the RapidRide E Line, Bitter Lake Community Center, and UW Medical Center.
Rosie’s Village is operated by LIHI, with faith sponsorship from Truevine of Holiness Missionary Baptist Church. The village serves 40–50 individuals with 24/7 enhanced shelter and comprehensive support services. Construction support came from Sound Foundations NW, LOVE-TO, 21 Million, and Portable Storage Northwest. The site includes communal amenities such as a kitchen, bathrooms, laundry, offices, picnic area, and more.
Marcus & Millichap completed the sale and financing of 884 and 939 Palm Ave., two multifamily properties totaling 72 units in West Hollywood. The assets traded for $29.85 million, or $414,583 per unit. Tony Azzi and Rabbie Banafsheha of The Azzi Group of Marcus & Millichap exclusively represented the seller, a private family investor. Azzi,...
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JLL Capital Markets arranged a $154.25-million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, NY, owned by Rechler Equity Partners. Senior managing directors Peter Rotchford and Andrew Scandalios and director Clayton Ross arranged the financing through PCCP, LLC. “Lenders are looking closely at how a multifamily property performs today and at the owner’s...
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RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...
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