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March 31, 2026

LeFrak ups stake in Equinox for $44.6M

By JOURNAL STAFF

SEATTLE — The Equinox, at 1524 Eastlake Ave. E., was completed in 2009 by Schnitzer West. It traded for about $90 million in 2016, with the new owners being Kennedy Wilson and LeFrak. The latter then had a 19% stake.

Last week came a change in ownership, or recapitalization. LeFrak and a partner, both using LLCs, now have a majority 51% stake in the building. That share sold for a bit over $44.6 million. The midrise Equinox has 204 units over retail, some of which is separately owned.


 
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