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May 3, 2018

JLL secures $48M for Cyrene

Mack Real Estate Group's Cyrene opened last year at 50 University St., one of the first new luxury apartment buildings to go up in advance of the viaduct coming down. JLL Capital Markets said it arranged a $48 million permanent loan for the 16-story, 169-unit Cyrene, which was designed by Ankrom Moisan and built by Exxel Pacific on land leased from Enwave Seattle (formerly Seattle Steam). JLL's Ray Allen, Seth Heikkila and Drew Heitstuman sourced the loan. Public records indicate it came from Societe Generale.




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