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March 18, 2004

Colliers International

The 190-unit Summerwood Apartments on Avondale Road in Redmond sold last week for $17.6 million, or $92,361 per unit. Colliers International officials say the total price makes it the largest Eastside apartment sale so far this year. Joe Levin of Colliers represented the buyer, Downtown Action To Save Housing, a nonprofit entrepreneurial real estate development entity whose mission is to create affordable housing opportunities on the Eastside. Summerwood Apartments LLC, the seller, did not list the property and had no broker.




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