In Ballard and Denny Triangle Sales, Holland Gets $505M for Two New Apartment Buildings

In Ballard and Denny Triangle sales, Holland gets $505M for two new apartment buildings

Two parts of a larger national portfolio sale closed this week in Seattle, and two other recent apartment projects from Holland Partner Group will evidently sell in San Diego and near Portland.

BentallGreenOak Buys 238-Unit Ballard Independent for $152MM in Seattle

BentallGreenOak’s $638,655-per-unit purchase of the newly built property from Holland Partner Group and NASH follows a similarly priced Mercer Island trade a week earlier, offering an early signal that institutional buyers are re-entering a Seattle multifamily market where pricing has yet to fully recover. Two Seattle-area apartment properties have traded for more than $150 million apiece within a week of each other, a pairing that arrives just …