Jan 19, 2017

Marcus & Millichap

Photo by Marcus & Millichap

The Seattle office of Marcus & Millichap said it has brokered the $15.35 million sale of Shoreside Village, a 119-unit apartment complex in Everett's Beverly Lake neighborhood. The transaction was worth about $129,000 per unit. Rich Walker and Palo Alto-based Eduardo Cerna represented the seller, a California investor group. M&M's Spencer Clark and Matt Gardner procured the buyer, Williams Investments, a regional multifamily investment company. In a statement, Walker said, “The property provides new ownership with both a turn-key asset and one that offers opportunities to enhance value. Rental competition in the immediate neighborhood is relatively low, as there are only two other conventional market-rate apartment communities on Beverly Lake.”

Jan 12, 2017

Cushman & Wakefield Commerce

Magee

C&W said Dave Magee has earned the SIOR Office designation from the Society of Industrial and Office Realtors. With 27 years of experience in commercial real estate, Magee has represented clients including Alaska-Horizon Airlines, King County and Boeing. He has expertise in tenant representation, office leasing and investment sales.

Coldwell Banker

Riss

The Swanepoel Power 200 List includes Bill Riss of Bellevue, who runs Coldwell Banker Bain and Coldwell Banker Seal through his Landover Corp. The 30-year industry veteran directed the purchase and consolidation of the Bain and Coldwell Banker brands, then added other franchises. CB Bain|Seal now has 30 offices from Bellingham into Oregon. Swanepoel also honored Seattle Homes Group managing broker Sam DeBord who was named a Social Influencer. SHG is a Coldwell Banker affiliate and a brand of the publicly traded Realogy Holdings Corp. DeBord is also president of the Seattle King County Realtors.

Zillow

Gudell

Local real estate firm Zillow placed Nashville in the number one slot on its list of the hottest housing markets of 2017. Seattle is second place. Projections were based on rising home values, low unemployment rates and strong income growth. Following Seattle were Provo, Orlando, Salt Lake City, Portland, Knoxville, Ogden, Denver and Sacramento. In a statement, Zillow chief economist Dr. Svenja Gudell said, “Mid-size cities like Salt Lake City, Portland and Nashville are desirable places to live, with good employment opportunities and steady economic growth. The growth and demand for housing will drive up home prices in 2017, and these hot markets are experiencing change as more people discover them.”