Essex Property Trust Inc.

  • Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

    Kauri Investments sold the 56-unit residential community, part of a larger project that also includes a Hyatt Place hotel. Kauri did not include the 160-key hospitality property in the deal perfected with Essex. Developed in 2010, the complex is located at 110 Sixth Avenue N., near the Seattle Center. According to PSBJ, the sale was not planned by Kauri but the inquiry by Kidder Matthews representatives Giovanni Napoli and Phillip Assouad, working on behalf of Essex Property Trust eventually got the deal going. According to Kauri’s CEO, Kevin Angier, the multifamily rental property had an occupancy rate of 95 percent at the time the transaction was completed.

    Seattle 13 January 2013 06:54

You May Also Like

  • CA Value-Add Retail Site Trades for $21M

    HFF represented the buyer, Merlone Geier Partners, in its purchase of Warner West, a 73,427-square-foot retail property in Huntington Beach. The asset was 78 percent occupied at the time of sale.

    08 August 2018 12:42
  • Metroplex Momentum in Dallas

    The metro's office market is buzzing with activity, with a large influx of absorption as companies relocate to the region, attracted by one of the most active development pipelines in the U.S.

    07 August 2018 13:18
  • Boricua College in Brooklyn Sells for $31M

    Cushman & Wakefield arranged the sale of the vacant, three-building asset in Williamsburg, which can be converted into a mixed-use development with luxury apartments.

    07 May 2018 14:15
  • JLL Adds Market Leader in NY Area

    The company named Joseph Denn, an industry veteran with more than 30 years of project and development experience in the region, vice president & market leader.

    13 November 2018 13:28
  • Knotel Closes $60M Funding Led by Norwest Venture Partners

    The “agile workspace” provider sought the financing to expand its global footprint, which now stands at more than 1.7 million square feet.

    25 October 2018 12:30