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Relationships: Our Vital Driving Force

December 17, 2019

Re·la·tion·ship /rəˈlāSH(ə)nˌSHip/ noun the way in which two or more concepts, objects, or people are connected, or the state of being connected. There are many reasons my personal focus has been on developing relationships this past year. Seizing every opportunity to meet with like-minded individuals, potential investors, industry experts, and individual contributors have been instrumental…

Bugge Update – November 2019

December 16, 2019

Scope of Work: As we mentioned in the previous update, we started retrofitting the fire communications throughout the building. All of these life safety measures (including fire alarms and strobes) have been installed. The lender performed a property inspection and appraisal, which came in higher than our predicted value. All residents are using the new, in-unit,…

Dexter Update – November 2019

November 19, 2019

It’s November, and we’re well on our way to bringing the Dexter Ave property into the modern age. With fresh drywall, new doors and a new coat of paint, our construction team is really bringing this building back to life. Let’s discuss what we’ve been doing. Keep reading for the details. Scope of Work: Here is a…

Free Rent Finalists

Free rent for a year in Seattle: Meet the three finalists

September 11, 2019

For three years, a Ballard property-management firm has run a contest offering a free apartment for one year. The winner is chosen from those answering, “How would a free apartment for one year allow you to give back to the community?” By Erik Lacitis Seattle Times staff reporter There were only 98 entries in this…

5th Annual Essay Contest WIN A FREE APARTMENT FOR ONE YEAR IN SEATTLE, WA

September 4, 2019

  NOTICE: 2019 Essay Submission window is now closed. Essays are being reviewed and finalists will be notified by April 1st if they have been chosen for the next round.  5th Annual Essay Contest WIN A FREE APARTMENT FOR ONE YEAR IN SEATTLE, WA Rents have increased quickly in Seattle and it has created a strain on…

Dexter Apartments, LLC

Queen Anne units sell for $3.6M

July 30, 2019

SEATTLE — An apartment building at 2465 Dexter Ave. N. has sold for just under $3.6 million, according to King County records. The seller was Lee Properties LLC, which acquired the property in 1995 for $853,000. (The seller is not to be confused with Lee & Associates, a different entity.) The buyer was 2465 Dexter…

1723 N.W. Market St.

181 apartments planned near Swedish Ballard campus

May 17, 2019

Northlake Capital & Development, using an LLC, has submitted an early plan to redevelop five parcels extending southeast from 1723 N.W. Market St., in central Ballard. Northlake owns one; and there are three other owners apparently willing to sell or partner in a venture. Northlake identifies itself as the contract buyer in the new plan…

1446 N.W. 53rd St.

50 Ballard apartments

February 6, 2019

Location: Seattle, 1446 N.W. 53rd St. Project: Six-story apartment building with 50 small efficiency dwelling units; no parking; existing building to be demolished; considers options relating to a pending MHA (mandatory housing affordability) upzone; Preston Walls of Walls Property Management is the financially responsible party Action: City of Seattle will hold an administrative design review…

Luke Appts

15 Magnolia units sell for $4.5M

October 23, 2018

SEATTLE — The Luke Apartments, at 2119 23rd Ave. W., sold for just under $4.5 million, according to King County records. The seller was Lee Properties LLC, which had owned the property for decades. The buyer was Luke Apartments LLC, which is associated with developer Preston Walls. Public records indicate a loan from Coastal Community…

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