News
January 31, 2017
Slowing Rent Growth Not Setting Off Alarms
SAN FRANCISCO—Albeit at a slower pace, there is still positive rent growth in some markets, wages continue to grow, national unemployment is less than 5% and the millennial population continues to rent. Hays says capital is available for well-located projects meeting target risk-adjusted returns. SAN FRANCISCO—The Bay Area has a strong economy and an attractive lifestyle that continues to drive … Read More About Slowing Rent Growth Not Setting Off Alarms
January 17, 2017
Legacy unveils $75 million Westminster community
Legacy Partners is constructing a $75 million, 300-unit apartment community in Westminster that will include a dozen live-work, townhome-style units, the Dallas-based company announced today. The Legacy on the Promenade will be completed in the fall of 2018. Diamond Realty Investments Inc., a wholly owned subsidiary of Mitsubishi Corp., is Legacy’s partner in the development. Read More About Legacy unveils $75 million Westminster community
December 19, 2016
Legacy and Chinese partner purchase Redmond Square for $31M
The Redmond Square business complex in downtown Redmond was sold to Legacy Partners, Inc. last month for $31 million. The sale went through Nov. 10 and was the result of 6-8 months of conversations between Legacy, a privately owned national real estate firm, and the land seller. According to a Legacy press release, the company partnered with a Beijing-based public company … Read More About Legacy and Chinese partner purchase Redmond Square for $31M
December 5, 2016
Mercer Island’s Hadley apartment building opens to residents
Mercer Island’s newest apartment building, the Hadley, is ready for move-in, and is about 25 percent leased. The prices are $1,150-$1,850 for a studio, $1,800-$2,200 for a one-bedroom and $2,000-$2,900 for a two-bedroom. There are several floor plans in each category. Amenities include a rooftop deck with an outdoor fireplace, a theater room, a fitness center, a conference room and a … Read More About Mercer Island’s Hadley apartment building opens to residents
November 22, 2016
Marina del Rey’s remodeled Mariners Bay apartments renting from $2,500
Real estate firm Legacy Partners, Inc. announced today that it has wrapped up the first phase of a major renovation project of Mariners Bay, an apartment complex built in the mid-1970s. Fifty-seven of its 379 units have been updated, and they’re looking very on-trend. The complex is now called Wayfarer Apartments + Marina (a bit ironic for a waterfront … Read More About Marina del Rey’s remodeled Mariners Bay apartments renting from $2,500
November 22, 2016
Legacy Partners, Inc. Sells 177-Unit Milehouse
The 117-unit asset is reportedly the most amenitized apartment community in Redmond, Wash. by Adina Marcut Seattle—Legacy Partners has announced the sale of Milestone, a six-story apartment community located in Redmond, Wash. Financial details have not been disclosed. The property opened in October 2015 and incorporates 177 studio, one- and two-bedroom residential units and five live/work spaces at ground level. The first floor … Read More About Legacy Partners, Inc. Sells 177-Unit Milehouse