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MacNaughton Pays $54M for Seattle Asset

Claudia Baldwin

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Keelson Ballard. Image courtesy of Colliers

Honolulu-based MacNaughton has bought the 105-unit Keelson Ballard in Seattle for $53.6 million. The company landed $42 million in acquisition financing from First Hawaiian Bank, according to public records. Colliers represented the buyer in the off-market transaction.

Sam Wayne, senior vice president with Colliers, said in prepared remarks that rents in the Ballard submarket and multifamily demand have grown throughout the pandemic, with a vacancy of 3 percent and rents up 13 percent year-over-year.

Completed in 2017, the property offers a mix of one and two-bedroom units ranging from 637 to 1,143 square feet, according to Yardi Matrix data. Units feature high-end finishes and include washers and dryers. Community amenities include a fitness center, clubhouse and a rooftop plaza. A total of 92 parking spaces are also available.

Located at 1537 NW 56th St., the community is some 6 miles northwest of downtown Seattle and has several dining, retail and entertainment options available within a 1-mile radius. The National Nordic Museum is less than a mile west.

Wayne, along with Vice President Tim McKay, Senior Vice President Dan Chhan and Vice President Matt Kemper formed the Colliers team that brokered the sale.

The post MacNaughton Pays $54M for Seattle Asset appeared first on Multifamily Real Estate News.

Source Here: multihousingnews.com

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Rajapaksa Swears in 4 Cabinet Members Amid Sri Lanka Crisis

Claudia Baldwin

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Sri Lanka’s president swore in four new Cabinet ministers Saturday in an effort to ensure stability until a full cabinet is formed in the island nation engulfed in a political and economic crisis. President Gotabaya Rajapaksa swore in new ministers…

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Your Community: Elementia Issue Xix Is Now Available

Claudia Baldwin

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The 19th issue of elementia, featuring amazing writing and artwork on the evocative theme of “the unknown,” is now available at Johnson County Library branches. elementia is Johnson County Library’s award-winning teen literary

Source: shawneemissionpost.com

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Sinn Fein Set for Historic Win in Northern Ireland Election

Claudia Baldwin

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The Irish nationalist party Sinn Fein is widely expected to become the largest group in the Northern Ireland Assembly for the first time. That would give it the right to the post of first minister in Belfast. On Saturday, with…

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