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Real Estate
 Marc Stiles Real Estate Editor |
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June 23, 2011
Real Estate Buzz: Few distressed sales here, except this one
By MARC STILES
Real Estate Editor
Real Estate Editor
Whether it's a car crash or a real estate deal gone awry, sometimes you can't help but look.
Earlier this month in South King County, a 39-unit apartment project called Auburn Pines sold for $987,500. That was about $1.3 million less than what the sellers paid five years ago for the property at 505 N. Division St. The complex was built in 1968 and at the time of the most recent sale it was boarded up and fenced off. Units were moldy, and thieves had stripped copper plumbing out of one building.
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Previous columns:
- Real Estate Buzz: Facebook looking for more office space, 06-16-2011
- Real Estate Buzz: Is big Des Moines project about to take off?, 06-09-2011
- Real Estate Buzz: Tire kickers gather at the Goodyear site, 06-02-2011
- Real Estate Buzz: Google, Getty and the search for space, 05-26-2011
- Real Estate Buzz: Indoor skydiving comes to Tukwila, 05-19-2011
- Real Estate Buzz: Holland plans more than 1,000 apartments, 05-12-2011
- Real Estate Buzz: Twin towers for site in Bellevue CBD?, 05-05-2011
- Real Estate Buzz: Tenants, buyers sniff around in Bellevue, 04-28-2011