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Real Estate
 Lynn Porter Real Estate Editor |
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November 30, 2006
Real Estate Buzz: Pacific Property is on a roll here
By LYNN PORTER
Real Estate Editor
Real Estate Editor
Palo Alto, Calif.-based Pacific Property Co. has bought upwards of $175 million in apartments — nearly 1,300 units — in the Puget Sound region since it entered the market in force in 2005 after a short stint here in 2000.
The privately owned multifamily investment firm this month also sold its first complex here, the 98-unit Riverstone (formerly Aspenwood) at 14200 S.E. Sixth St. in Bellevue for $13.7 million to local investor Robert Hardy who intends to convert it to condos, according to Acquisition Manager Jesse Mack. The sale was brokered by Kenny Dudunakis of Hendricks & Partners.
Mack
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Previous columns:
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- Real Estate Buzz: Tarragon builds a whopper in Centralia, 11-02-2006
- Real Estate Buzz: Give your regards to old Broadway, 10-19-2006
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- Real Estate Buzz: Does Seattle need more high-end apartments?, 08-10-2006