SEATTLE-Gerding Edlen Investment Management Co., a real property investment, development and management company based in Portland, has purchased an apartment project in downtown Seattle. The firm has acquired the project close to Seattle University from Dallas-based Valencia Capital Management for $5.6 million.
The firm and its partners will start construction on the 118-unit rental property in August. The project also includes a 6,500-square-foot retail space. Kidder Mathews represented the buyer, and Moran & Co. represented Valencia Capital Management in the deal.For the full story, go to Portland Business Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
