Townhome Property in Tacoma Sells at Record Price
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. 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. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 41st Washington story tracked on the wire in October 2026. All Washington coverage →
Computed from Real Estate Trail’s own tracked coverage
Narrows Townhomes, a 15-unit townhome community located at 8524 19th Street W. in Tacoma, Washington, has sold for $7.3 million in a fully-marketed transaction arranged by Kidder Mathews . At $487,000 per unit, the sa…
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