JLL Brokers $17.5M Sale of Mid-Rise Multifamily Building in Seattle
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. Seattle absorption has been weighed down by tech tenant footprint optimization. Multifamily and industrial have been more resilient, with selective bids on best-located product. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- The 14th Seattle story tracked on the wire in November 2026. All Seattle coverage →
- Disclosed multifamily deal value tracked in November 2026: $13.1B across 59 reported transactions. All Multifamily coverage →
- 199 stories mentioning JLL on the wire in the past 90 days. JLL coverage →
Computed from Real Estate Trail’s own tracked coverage
SEATTLE — JLL has arranged the purchase of 101 Broadway Apartments, a mid-rise multifamily property in Seattle. 510/520 Fourth West Properties LLC acquired the asset from an undisclosed seller for $17.5 million. This…
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