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March 29, 2012

Paragon and Westlake

Cathy Jeney and Peter Larsen of Paragon Real Estate Advisors and Tyler Smith and Steve Fischer of Westlake Associates brokered the sale of the Daniels, a 44-unit apartment building with 10,000 square feet of retail space. The price was $7.25 million, and the cap rate was 5.7 percent. The 17-year-old building at 12250 Greenwood Ave. N. was owned and operated by the original builder. Paragon represented the seller, Civetta Properties of Seattle, and Westlake represented the buyer, Couch Investments of Palo Alto, Calif.




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