Apartment, Townhome Complex in Sammamish Trades Hands
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 40th Washington story tracked on the wire in September 2026. All Washington coverage →
- Disclosed multifamily deal value tracked in September 2026: $7.1B across 80 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
CBRE arranged the sale of Boulder Creek, a 204-unit multifamily community in Sammamish, Washington. Eli Hanacek, Kyle Yamamoto and Natalie Kasper with CBRE’s Pacific Northwest Multifamily team represented the se…
External link. Real Estate Trail does not republish source content.
Related coverage — Washington · Multifamily
M&T Realty Capital Corp. Closes $50M Bridge Acquisition Loan for Foggy Bottom Multifamily
M&T Realty Capital Corporation (M&T RCC) announced the closing of a $49.8 million bridge acquisition loan for Varsity on K, a 197-unit multifamily property located in the Foggy Bottom neighborhood of Washington, D.C.,…
Newmark Arranges $55M Refinancing for Seattle Multifamily Property
Newmark has arranged a $55 million loan on behalf of Mack Real Estate Group , Silverstein Properties and Cantor Fitzgerald to refinance Swell Apartments, a 200-unit multifamily community in Seattle, Washington. Newmar…
MAA, JBG to pay DC $9.3M total to settle RealPage case
The two settlements will resolve the Washington, D.C. attorney general’s antitrust lawsuit alleging that the landlords illegally conspired to inflate rents in the capital.
PNC Bank Provides $92M Construction Loan for Luxury D.C. Multifamily
Carr Properties has secured $92 million of construction debt to build a 299-unit Class A multifamily complex in Downtown Washington, D.C., Commercial Observer can first report. PNC Bank provided the debt, structured w…
Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, Washington
NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin A…
New Study Finds America's Commercial Buildings Are Big Business, Generating Nearly $610 Billion in Economic Activity
BOMA International study finds building operations support nearly 4 million U.S. jobs and contribute $344 billion to GDP WASHINGTON, Sept. 16, 2026 /PRNewswire/ -- The Building Owners and Managers Association (BOMA) I…